Comparison between Solve Plastic Products IPO and Sunlite Recycling Industries IPO.
Solve Plastic Products 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.
| Solve Plastic Products IPO | Sunlite Recycling Industries IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Bookbuilding |
| Listing At | NSE SME | NSE SME |
| Lead Managers | Finshore Management Services Ltd. | Hem Securities Ltd. |
| Registrar | Integrated Registry Management Services Pvt.Ltd. | Cameo Corporate Services Ltd. |
| Market Maker | Black Fox Financial Pvt.Ltd. | Hem Finlease 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 Solve Plastic Products IPO is up to ₹11.25 Cr whereas the issue size of the Sunlite Recycling Industries IPO is up to ₹28.68 Cr. The final issue price of Solve Plastic Products IPO is ₹91.00 per share and of Sunlite Recycling Industries IPO is ₹105.00 per share.
| Solve Plastic Products IPO | Sunlite Recycling Industries IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹100.00 per share | |
| Issue Price (Upper) | ₹105.00 per share | |
| Issue Price (Final) | ₹91.00 per share | ₹105.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 1200 shares | 1200 shares |
| Fresh Issue Size | 12,36,000 shares | 27,31,200 shares |
| Fresh Issue Size (Amount) | up to ₹11.25 Cr | up to ₹28.68 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 | 12,36,000 shares | 27,31,200 shares |
| Issue Size Total (Amount) | up to ₹11.25 Cr | up to ₹28.68 Cr |
Solve Plastic Products IPO opens on Aug 13, 2024, while Sunlite Recycling Industries IPO opens on Aug 12, 2024. The closing date of Solve Plastic Products IPO and Sunlite Recycling Industries IPO is Aug 16, 2024, and Aug 14, 2024, respectively.
| Solve Plastic Products IPO | Sunlite Recycling Industries IPO | |
|---|---|---|
| Anchor Bid Date | Aug 09, 2024 | |
| Issue Open | Aug 13, 2024 | Aug 12, 2024 |
| Issue Close | Aug 16, 2024 | Aug 14, 2024 |
| Basis Of Allotment (Tentative) | Aug 19, 2024 | Aug 16, 2024 |
| Initiation of Refunds (Tentative) | Aug 20, 2024 | Aug 19, 2024 |
| Credit of Share (Tentative) | Aug 20, 2024 | Aug 19, 2024 |
| Listing date (Tentative) | Aug 21, 2024 | Aug 20, 2024 |
| Anchor Lockin End date 1 | Sep 15, 2024 | |
| Anchor Lockin End date 2 | Nov 14, 2024 |
Solve Plastic Products IPO P/E ratio is 23.2, as compared to Sunlite Recycling Industries IPO P/E ratio of 9.43.
| Solve Plastic Products IPO | Sunlite Recycling Industries IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | 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.
| 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.
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| Promoter Shareholding (Pre-Issue) | 90.22 | 100.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 63.33 | 73.53 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 23.2 | 9.43 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹39.75 Cr. | ₹114.24 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 75.26% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 29.49% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 2.83 | 1.74 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹3.92 | ₹11.13 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 32.47% | 44.43% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Solve Plastic Products IPO Retail Individual Investors (RII) are offered 6,18,000 shares while in Sunlite Recycling Industries IPO retail investors are offered 6,18,000 shares. Qualified Institutional Buyers (QIB) are offered in Solve Plastic Products IPO and 5,46,000 shares in Sunlite Recycling Industries IPO.
| Solve Plastic Products IPO | Sunlite Recycling Industries IPO | |
|---|---|---|
| Anchor Investor Reserveration | 8,18,400 shares | |
| Market Maker Reserveration | 66,000 shares | 1,48,800 shares |
| QIB | 5,46,000 shares | |
| NII | 6,18,000 shares | 4,10,400 shares |
| RII | 6,18,000 shares | 9,56,400 shares |
| Employee | ||
| Others | ||
| Total | 12,36,000 shares | 27,31,200 shares |
Solve Plastic Products IPO subscribed 34.23x in total, whereas Sunlite Recycling Industries IPO subscribed 282.45x.
| Solve Plastic Products IPO | Sunlite Recycling Industries IPO | |
|---|---|---|
| QIB (times) | 109.05x | |
| NII (times) | 19.47x | 584.10x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 46.76x | 252.00x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 34.23x | 282.45x |
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