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SP Refractories IPO vs Swaraj Suiting IPO

Comparison between SP Refractories IPO and Swaraj Suiting IPO.

IPO Details

SP Refractories IPO is a SME Fixed Price IPO proposed to list at NSE SME while Swaraj Suiting IPO is a SME Fixed Price proposed to list at NSE SME.

 SP Refractories IPOSwaraj Suiting IPO
LogoSP Refractories IPO LogoSwaraj Suiting IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMENSE SME
Lead ManagersAryaman Financial Services Ltd.Finshore Management Services Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerAryaman Capital Markets Ltd.Nikunj Stock Brokers Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of SP Refractories IPO is up to ₹4.67 Cr whereas the issue size of the Swaraj Suiting IPO is up to ₹10.15 Cr. The final issue price of SP Refractories IPO is ₹90.00 per share and of Swaraj Suiting IPO is ₹56.00 per share.

 SP Refractories IPOSwaraj Suiting IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹90.00 per share₹56.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares2000 shares
Fresh Issue Size2,68,800 shares18,12,000 shares
Fresh Issue Size (Amount)up to ₹2.42 Crup to ₹10.15 Cr
OFS Issue Size2,49,600 shares0 shares
OFS Issue Size (Amount)up to ₹2.25 Crup to ₹0.00 Cr
Issue Size Total5,18,400 shares18,12,000 shares
Issue Size Total (Amount)up to ₹4.67 Crup to ₹10.15 Cr

IPO Timetable

SP Refractories IPO opens on Mar 09, 2022, while Swaraj Suiting IPO opens on Mar 15, 2022. The closing date of SP Refractories IPO and Swaraj Suiting IPO is Mar 11, 2022, and Mar 17, 2022, respectively.

 SP Refractories IPOSwaraj Suiting IPO
Anchor Bid Date
Issue OpenMar 09, 2022Mar 15, 2022
Issue CloseMar 11, 2022Mar 17, 2022
Basis Of Allotment (Tentative)Mar 16, 2022Mar 23, 2022
Initiation of Refunds (Tentative)Mar 17, 2022Mar 24, 2022
Credit of Share (Tentative)Mar 21, 2022Mar 25, 2022
Listing date (Tentative)Mar 22, 2022Mar 28, 2022
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

SP Refractories IPO P/E ratio is 9.94, as compared to Swaraj Suiting IPO P/E ratio of 10.55.

 SP Refractories IPOSwaraj Suiting IPO
Financials
Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Lakh)
  30-Sep-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 1,232.20 1,057.17 898.33 792.01
Total Revenue 1,447.64 2,572.48 2,099.59 1,855.95
Profit After Tax 80.74 75.35 39.93 20.59
Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (Rs in million)
  30-Sep-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 916.23 917.17 970.45 937.34
Total Revenue 817.19 602.16 806.53 764.17
Profit After Tax 19.10 26.75 35.43 21.86
Promoter Shareholding (Pre-Issue)10099.74
Promoter Shareholding (Post-Issue)69.4273.31
P/E Ratio9.9410.55
Market Cap₹16.11 Cr.₹40.32 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the SP Refractories IPO Retail Individual Investors (RII) are offered 2,59,200 shares while in Swaraj Suiting IPO retail investors are offered 2,59,200 shares. Qualified Institutional Buyers (QIB) are offered in SP Refractories IPO and in Swaraj Suiting IPO.

 SP Refractories IPOSwaraj Suiting IPO
Anchor Investor Reserveration
Market Maker Reserveration28,800 shares96,000 shares
QIB
NII2,59,200 shares9,04,000 shares
RII2,59,200 shares9,08,000 shares
Employee
Others
Total5,18,400 shares18,12,000 shares

Bids Received (Subscription)

SP Refractories IPO subscribed 7.24x in total, whereas Swaraj Suiting IPO subscribed 12.13x.

 SP Refractories IPOSwaraj Suiting IPO
QIB (times)
NII (times)5.64x13.81x
Big NII (times)
Small NII (times)
RII (times)8.85x10.46x
Employee (times)
Other (times)
Total (times)7.24x12.13x