Comparison between Indian Phosphate IPO and Solve Plastic Products IPO.
Indian Phosphate IPO is a SME Fixed Price IPO proposed to list at NSE SME while Solve Plastic Products IPO is a SME Fixed Price proposed to list at NSE SME.
| Indian Phosphate IPO | Solve Plastic Products IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Fixed Price |
| Listing At | NSE SME | NSE SME |
| Lead Managers | Beeline Capital Advisors Pvt.Ltd. | Finshore Management Services Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | Integrated Registry Management Services Pvt.Ltd. |
| Market Maker | Spread X Securities Pvt.Ltd. | Black Fox Financial Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Indian Phosphate IPO is up to ₹63.66 Cr whereas the issue size of the Solve Plastic Products IPO is up to ₹11.25 Cr. The final issue price of Indian Phosphate IPO is ₹99.00 per share and of Solve Plastic Products IPO is ₹91.00 per share.
| Indian Phosphate IPO | Solve Plastic Products IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹94.00 per share | |
| Issue Price (Upper) | ₹99.00 per share | |
| Issue Price (Final) | ₹99.00 per share | ₹91.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 1200 shares | 1200 shares |
| Fresh Issue Size | 64,30,800 shares | 12,36,000 shares |
| Fresh Issue Size (Amount) | up to ₹63.66 Cr | up to ₹11.25 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 64,30,800 shares | 12,36,000 shares |
| Issue Size Total (Amount) | up to ₹63.66 Cr | up to ₹11.25 Cr |
Indian Phosphate IPO opens on Aug 26, 2024, while Solve Plastic Products IPO opens on Aug 13, 2024. The closing date of Indian Phosphate IPO and Solve Plastic Products IPO is Aug 29, 2024, and Aug 16, 2024, respectively.
| Indian Phosphate IPO | Solve Plastic Products IPO | |
|---|---|---|
| Anchor Bid Date | Aug 23, 2024 | |
| Issue Open | Aug 26, 2024 | Aug 13, 2024 |
| Issue Close | Aug 29, 2024 | Aug 16, 2024 |
| Basis Of Allotment (Tentative) | Aug 30, 2024 | Aug 19, 2024 |
| Initiation of Refunds (Tentative) | Sep 02, 2024 | Aug 20, 2024 |
| Credit of Share (Tentative) | Sep 02, 2024 | Aug 20, 2024 |
| Listing date (Tentative) | Sep 03, 2024 | Aug 21, 2024 |
| Anchor Lockin End date 1 | Sep 29, 2024 | |
| Anchor Lockin End date 2 | Nov 28, 2024 |
Indian Phosphate IPO P/E ratio is 14.88, as compared to Solve Plastic Products IPO P/E ratio of 23.2.
| Indian Phosphate IPO | Solve Plastic Products IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Indian Phosphate Limited Financial Information (Restated Consolidated)Indian Phosphate Limited's revenue decreased by -7% and profit after tax (PAT) dropped by -27% between the financial year ending with March 31, 2024 and March 31, 2023.
| Solve Plastic Products Limited Financial Information (Restated)Solve Plastic Products Limited's revenue decreased by -24% and profit after tax (PAT) rose by 18% between the financial year ending with March 31, 2024 and March 31, 2023.
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| Promoter Shareholding (Pre-Issue) | 100.00 | 90.22 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 72.77 | 63.33 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 14.88 | 23.2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹247.40 Cr. | ₹39.75 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 18.14% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 20.93% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.50 | 2.83 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹6.65 | ₹3.92 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 16.63% | 32.47% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Indian Phosphate IPO Retail Individual Investors (RII) are offered 22,51,200 shares while in Solve Plastic Products IPO retail investors are offered 22,51,200 shares. Qualified Institutional Buyers (QIB) are offered 12,86,400 shares in Indian Phosphate IPO and in Solve Plastic Products IPO.
| Indian Phosphate IPO | Solve Plastic Products IPO | |
|---|---|---|
| Anchor Investor Reserveration | 19,28,400 shares | |
| Market Maker Reserveration | 3,73,200 shares | 66,000 shares |
| QIB | 12,86,400 shares | |
| NII | 9,64,800 shares | 6,18,000 shares |
| RII | 22,51,200 shares | 6,18,000 shares |
| Employee | ||
| Others | ||
| Total | 64,30,800 shares | 12,36,000 shares |
Indian Phosphate IPO subscribed 267.89x in total, whereas Solve Plastic Products IPO subscribed 34.23x.
| Indian Phosphate IPO | Solve Plastic Products IPO | |
|---|---|---|
| QIB (times) | 181.58x | |
| NII (times) | 441.01x | 19.47x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 243.02x | 46.76x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 267.89x | 34.23x |
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