Comparison between Envirotech Systems IPO and SPP Polymer IPO.
Envirotech Systems IPO is a SME Fixed Price IPO proposed to list at NSE SME while SPP Polymer IPO is a SME Fixed Price proposed to list at NSE SME.
| Envirotech Systems IPO | SPP Polymer IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Fixed Price |
| Listing At | NSE SME | NSE SME |
| Lead Managers | Share India Capital Services Pvt.Ltd. | Interactive Financial Services Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | Kfin Technologies Ltd. |
| Market Maker | Share India Securities Ltd. | B.N.Rathi Securities Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Envirotech Systems IPO is up to ₹26.31 Cr whereas the issue size of the SPP Polymer IPO is up to ₹23.25 Cr. The final issue price of Envirotech Systems IPO is ₹56.00 per share and of SPP Polymer IPO is ₹59.00 per share.
| Envirotech Systems IPO | SPP Polymer IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹53.00 per share | |
| Issue Price (Upper) | ₹56.00 per share | |
| Issue Price (Final) | ₹56.00 per share | ₹59.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 2000 shares | 2000 shares |
| Fresh Issue Size | 46,98,000 shares | 39,40,000 shares |
| Fresh Issue Size (Amount) | up to ₹26.31 Cr | up to ₹23.25 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 | 46,98,000 shares | 39,40,000 shares |
| Issue Size Total (Amount) | up to ₹26.31 Cr | up to ₹23.25 Cr |
Envirotech Systems IPO opens on Sep 13, 2024, while SPP Polymer IPO opens on Sep 10, 2024. The closing date of Envirotech Systems IPO and SPP Polymer IPO is Sep 19, 2024, and Sep 12, 2024, respectively.
| Envirotech Systems IPO | SPP Polymer IPO | |
|---|---|---|
| Anchor Bid Date | Sep 12, 2024 | |
| Issue Open | Sep 13, 2024 | Sep 10, 2024 |
| Issue Close | Sep 19, 2024 | Sep 12, 2024 |
| Basis Of Allotment (Tentative) | Sep 20, 2024 | Sep 13, 2024 |
| Initiation of Refunds (Tentative) | Sep 23, 2024 | Sep 16, 2024 |
| Credit of Share (Tentative) | Sep 23, 2024 | Sep 16, 2024 |
| Listing date (Tentative) | Sep 24, 2024 | Sep 17, 2024 |
| Anchor Lockin End date 1 | Oct 20, 2024 | |
| Anchor Lockin End date 2 | Dec 19, 2024 |
Envirotech Systems IPO P/E ratio is 6.56, as compared to SPP Polymer IPO P/E ratio of 66.72.
| Envirotech Systems IPO | SPP Polymer IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated Consolidated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 96.47 | 94.99 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 68.75 | 69.37 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 6.56 | 66.72 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹105.22 Cr. | ₹90.81 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 58.29 | 8.01 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 62.43 | 4.27 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.71 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹8.54 | ₹0.88 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 58.29 | 3.98 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Envirotech Systems IPO Retail Individual Investors (RII) are offered 16,46,000 shares while in SPP Polymer IPO retail investors are offered 16,46,000 shares. Qualified Institutional Buyers (QIB) are offered 9,40,000 shares in Envirotech Systems IPO and in SPP Polymer IPO.
| Envirotech Systems IPO | SPP Polymer IPO | |
|---|---|---|
| Anchor Investor Reservation | 14,06,000 shares | |
| Market Maker Reservation | 7,02,000 shares | 2,10,000 shares |
| QIB | 9,40,000 shares | |
| NII | 7,06,000 shares | 19,70,000 shares |
| RII | 16,46,000 shares | 19,70,000 shares |
| Employee | ||
| Others | ||
| Total | 46,98,000 shares | 39,40,000 shares |
Envirotech Systems IPO subscribed 64.23x in total, whereas SPP Polymer IPO subscribed 41.11x.
| Envirotech Systems IPO | SPP Polymer IPO | |
|---|---|---|
| QIB (times) | 68.12x | |
| NII (times) | 187.14x | 22.35x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 64.16x | 59.87x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 64.23x | 41.11x |
