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Dhariwalcorp IPO vs Sunlite Recycling Industries IPO

Comparison between Dhariwalcorp IPO and Sunlite Recycling Industries IPO.

IPO Details

Dhariwalcorp IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Sunlite Recycling Industries IPO is a SME Bookbuilding proposed to list at NSE SME.

 Dhariwalcorp IPOSunlite Recycling Industries IPO
LogoDhariwalcorp IPO LogoSunlite Recycling Industries IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersShreni Shares Ltd.Hem Securities Ltd.
RegistrarBigshare Services Pvt.Ltd.Cameo Corporate Services Ltd.
Market MakerShreni Shares Ltd.Hem Finlease Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Dhariwalcorp IPO is up to ₹23.84 Cr whereas the issue size of the Sunlite Recycling Industries IPO is up to ₹28.68 Cr. The final issue price of Dhariwalcorp IPO is ₹106.00 per share and of Sunlite Recycling Industries IPO is ₹105.00 per share.

 Dhariwalcorp IPOSunlite Recycling Industries IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹102.00 per share₹100.00 per share
Issue Price (Upper)₹106.00 per share₹105.00 per share
Issue Price (Final)₹106.00 per share₹105.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1200 shares1200 shares
Fresh Issue Size22,48,800 shares27,31,200 shares
Fresh Issue Size (Amount)up to ₹23.84 Crup to ₹28.68 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total22,48,800 shares27,31,200 shares
Issue Size Total (Amount)up to ₹23.84 Crup to ₹28.68 Cr

IPO Timetable

Dhariwalcorp IPO opens on Aug 01, 2024, while Sunlite Recycling Industries IPO opens on Aug 12, 2024. The closing date of Dhariwalcorp IPO and Sunlite Recycling Industries IPO is Aug 05, 2024, and Aug 14, 2024, respectively.

 Dhariwalcorp IPOSunlite Recycling Industries IPO
Anchor Bid DateJul 31, 2024Aug 09, 2024
Issue OpenAug 01, 2024Aug 12, 2024
Issue CloseAug 05, 2024Aug 14, 2024
Basis Of Allotment (Tentative)Aug 06, 2024Aug 16, 2024
Initiation of Refunds (Tentative)Aug 07, 2024Aug 19, 2024
Credit of Share (Tentative)Aug 07, 2024Aug 19, 2024
Listing date (Tentative)Aug 08, 2024Aug 20, 2024
Anchor Lockin End date 1Sep 05, 2024Sep 15, 2024
Anchor Lockin End date 2Nov 04, 2024Nov 14, 2024

Financials & KPIs

Dhariwalcorp IPO P/E ratio is 15.48, as compared to Sunlite Recycling Industries IPO P/E ratio of 9.43.

 Dhariwalcorp IPOSunlite Recycling Industries IPO
Financials

Dhariwalcorp Limited Financial Information (Restated)

Dhariwalcorp Limited's revenue increased by 18.4% and profit after tax (PAT) rose by 653.06% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets2,131.301,961.061,351.04
Total Income23,111.3519,519.4315,920.11
Profit After Tax450.6359.84142.41
Net Worth875.00251.42191.58
Reserves and Surplus217.10241.42181.58
Total Borrowing878.76618.13571.43
Amount in ₹ Lakhs

Sunlite Recycling Industries Limited Financial Information (Restated)

Sunlite Recycling Industries Limited's revenue increased by 1.4% and profit after tax (PAT) rose by 58.92% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 202231 Mar 2021
Assets6,321.247,162.564,802.053,743.20
Total Income116,655.09115,039.9193,791.8039,400.84
Profit After Tax890.36560.27426.03252.55
Net Worth2,003.90362.081,158.58622.18
Reserves and Surplus1,203.90312.08
Total Borrowing3,491.744,646.822,532.381,711.39
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)99.99100.00
Promoter Shareholding (Post-Issue)73.5073.53
P/E Ratio15.489.43
Market Cap₹94.88 Cr.₹114.24 Cr.
ROE51.50%75.26%
ROCE59.80%29.49%
Debt/Equity1.001.74
EPS₹6.85₹11.13
RoNW51.50%44.43%

Shares Offered

In the Dhariwalcorp IPO Retail Individual Investors (RII) are offered 7,98,000 shares while in Sunlite Recycling Industries IPO retail investors are offered 7,98,000 shares. Qualified Institutional Buyers (QIB) are offered 4,42,800 shares in Dhariwalcorp IPO and 5,46,000 shares in Sunlite Recycling Industries IPO.

 Dhariwalcorp IPOSunlite Recycling Industries IPO
Anchor Investor Reserveration6,60,000 shares8,18,400 shares
Market Maker Reserveration1,23,600 shares1,48,800 shares
QIB4,42,800 shares5,46,000 shares
NII3,48,000 shares4,10,400 shares
RII7,98,000 shares9,56,400 shares
Employee
Others
Total22,48,800 shares27,31,200 shares

Bids Received (Subscription)

Dhariwalcorp IPO subscribed 174.95x in total, whereas Sunlite Recycling Industries IPO subscribed 282.45x.

 Dhariwalcorp IPOSunlite Recycling Industries IPO
QIB (times)76.93x109.05x
NII (times)279.17x584.10x
Big NII (times)
Small NII (times)
RII (times)183.89x252.00x
Employee (times)
Other (times)
Total (times)174.95x282.45x