Associated Coaters IPO vs TBI Corn IPO

Comparison between Associated Coaters IPO and TBI Corn IPO.

IPO Details

Associated Coaters IPO is a SME Bookbuilding IPO proposed to list at BSE SME while TBI Corn IPO is a SME Bookbuilding proposed to list at NSE SME.

Issue Size and Price

The total issue size of Associated Coaters IPO is up to ₹4.31 Cr whereas the issue size of the TBI Corn IPO is up to ₹42.68 Cr. The final issue price of Associated Coaters IPO is ₹121.00 per share and of TBI Corn IPO is ₹94.00 per share.

 Associated Coaters IPOTBI Corn IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹90.00 per share
Issue Price (Upper)₹94.00 per share
Issue Price (Final)₹121.00 per share₹94.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1000 shares1200 shares
Fresh Issue Size3,56,000 shares45,40,800 shares
Fresh Issue Size (Amount)up to ₹4.31 Crup to ₹42.68 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total3,56,000 shares45,40,800 shares
Issue Size Total (Amount)up to ₹4.31 Crup to ₹42.68 Cr

IPO Timetable

Associated Coaters IPO opens on May 30, 2024, while TBI Corn IPO opens on May 31, 2024. The closing date of Associated Coaters IPO and TBI Corn IPO is Jun 03, 2024, and Jun 04, 2024, respectively.

 Associated Coaters IPOTBI Corn IPO
Anchor Bid DateMay 30, 2024
Issue OpenMay 30, 2024May 31, 2024
Issue CloseJun 03, 2024Jun 04, 2024
Basis Of Allotment (Tentative)Jun 04, 2024Jun 05, 2024
Initiation of Refunds (Tentative)Jun 05, 2024Jun 06, 2024
Credit of Share (Tentative)Jun 05, 2024Jun 06, 2024
Listing date (Tentative)Jun 06, 2024Jun 07, 2024
Anchor Lockin End date 1Jul 05, 2024
Anchor Lockin End date 2Sep 03, 2024

Financials & KPIs

Associated Coaters IPO P/E ratio is 20.72, as compared to TBI Corn IPO P/E ratio of 18.33.

 Associated Coaters IPOTBI Corn IPO
Financials

Company Financials (Restated)

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets3.652.962.020.03
Total Income3.973.591.39
Profit After Tax0.760.540.14-0.00
NET Worth1.410.700.160.02
Reserves and Surplus0.480.670.13-0.01
Total Borrowing0.100.100.100.00
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets95.12121.6243.1842.55
Total Income101.97140.43100.9767.76
Profit After Tax7.666.860.450.24
NET Worth40.6826.786.835.12
Reserves and Surplus27.3016.77
Total Borrowing51.3763.5325.4923.01
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100.0076.65
Promoter Shareholding (Post-Issue)68.7957.71
P/E Ratio20.7218.33
Market Cap₹16.36 Cr.₹170.69 Cr.
ROE71.66%18.84%
ROCE68.30%18.65%
Debt/Equity0.070.43
EPS₹5.84₹5.13
RoNW53.69%18.84%

Shares Offered

In the Associated Coaters IPO Retail Individual Investors (RII) are offered 1,78,000 shares while in TBI Corn IPO retail investors are offered 1,78,000 shares. Qualified Institutional Buyers (QIB) are offered in Associated Coaters IPO and 9,07,200 shares in TBI Corn IPO.

 Associated Coaters IPOTBI Corn IPO
Anchor Investor Reservation13,58,400 shares
Market Maker Reservation66,000 shares2,40,000 shares
QIB9,07,200 shares
NII1,78,000 shares6,82,800 shares
RII1,78,000 shares15,92,400 shares
Employee
Others
Total3,56,000 shares45,40,800 shares

Bids Received (Subscription)

Associated Coaters IPO subscribed 371.14x in total, whereas TBI Corn IPO subscribed 231.21x.

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Associated Coaters IPO Vs TBI Corn IPO