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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.

 Associated Coaters IPOTBI Corn IPO
LogoAssociated Coaters IPO LogoTBI Corn IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersGretex Corporate Services Ltd.Ekadrisht Capital Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Kfin Technologies Ltd.
Market MakerGretex Share Broking Pvt.Ltd.SS Corporate Securities Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

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

Associated Coaters Limited Financial Information (Restated)

Associated Coaters Limited's revenue increased by 157.47% and profit after tax (PAT) rose by 297.22% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets364.74296.12201.812.72
Total Income397.00358.94139.41
Profit After Tax75.7754.3013.67-0.14
Net Worth141.1170.3416.052.38
Reserves and Surplus48.1167.3413.05-0.62
Total Borrowing9.909.9010.100.20
Amount in ₹ Lakhs

TBI Corn Limited Financial Information (Restated)

TBI Corn Limited's revenue increased by 39.07% and profit after tax (PAT) rose by 1419.24% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets9,511.5012,162.044,317.634,254.86
Total Income10,196.5314,042.6310,097.266,776.38
Profit After Tax766.45686.0945.1623.93
Net Worth4,067.702,677.81683.24512.42
Reserves and Surplus2,729.941,677.49
Total Borrowing5,137.136,352.822,549.482,300.94
Amount in ₹ Lakhs
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 Reserveration13,58,400 shares
Market Maker Reserveration66,000 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.

 Associated Coaters IPOTBI Corn IPO
QIB (times)81.41x
NII (times)239.63x516.50x
Big NII (times)
Small NII (times)
RII (times)494.99x523.29x
Employee (times)
Other (times)
Total (times)371.14x231.21x