Comparison between GSM Foils IPO and TBI Corn IPO.
GSM Foils IPO is a SME Bookbuilding IPO proposed to list at NSE SME while TBI Corn IPO is a SME Bookbuilding proposed to list at NSE SME.
| GSM Foils IPO | TBI Corn IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Bookbuilding |
| Listing At | NSE SME | NSE SME |
| Lead Managers | Shreni Shares Ltd. | Ekadrisht Capital Pvt.Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | Kfin Technologies Ltd. |
| Market Maker | Shreni Shares Ltd. | SS Corporate Securities 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 GSM Foils IPO is up to ₹10.44 Cr whereas the issue size of the TBI Corn IPO is up to ₹42.68 Cr. The final issue price of GSM Foils IPO is ₹32.00 per share and of TBI Corn IPO is ₹94.00 per share.
| GSM Foils IPO | TBI 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) | ₹32.00 per share | ₹94.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 4000 shares | 1200 shares |
| Fresh Issue Size | 32,64,000 shares | 45,40,800 shares |
| Fresh Issue Size (Amount) | up to ₹10.44 Cr | up to ₹42.68 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 | 32,64,000 shares | 45,40,800 shares |
| Issue Size Total (Amount) | up to ₹10.44 Cr | up to ₹42.68 Cr |
GSM Foils IPO opens on May 24, 2024, while TBI Corn IPO opens on May 31, 2024. The closing date of GSM Foils IPO and TBI Corn IPO is May 28, 2024, and Jun 04, 2024, respectively.
| GSM Foils IPO | TBI Corn IPO | |
|---|---|---|
| Anchor Bid Date | May 30, 2024 | |
| Issue Open | May 24, 2024 | May 31, 2024 |
| Issue Close | May 28, 2024 | Jun 04, 2024 |
| Basis Of Allotment (Tentative) | May 29, 2024 | Jun 05, 2024 |
| Initiation of Refunds (Tentative) | May 30, 2024 | Jun 06, 2024 |
| Credit of Share (Tentative) | May 30, 2024 | Jun 06, 2024 |
| Listing date (Tentative) | May 31, 2024 | Jun 07, 2024 |
| Anchor Lockin End date 1 | Jul 05, 2024 | |
| Anchor Lockin End date 2 | Sep 03, 2024 |
GSM Foils IPO P/E ratio is 20.98, as compared to TBI Corn IPO P/E ratio of 18.33.
| GSM Foils IPO | TBI Corn IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | GSM Foils Limited Financial Information (Restated)GSM Foils Limited's revenue decreased by -8.3% and profit after tax (PAT) rose by 124.62% between the financial year ending with March 31, 2023 and March 31, 2022.
| 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.
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| Promoter Shareholding (Pre-Issue) | 99.99 | 76.65 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 73.14 | 57.71 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 20.98 | 18.33 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹41.00 Cr. | ₹170.69 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 23.62% | 18.84% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 1.60% | 18.65% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 11.13 | 0.43 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹1.53 | ₹5.13 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 98.27% | 18.84% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the GSM Foils IPO Retail Individual Investors (RII) are offered 16,32,000 shares while in TBI Corn IPO retail investors are offered 16,32,000 shares. Qualified Institutional Buyers (QIB) are offered in GSM Foils IPO and 9,07,200 shares in TBI Corn IPO.
| GSM Foils IPO | TBI Corn IPO | |
|---|---|---|
| Anchor Investor Reserveration | 13,58,400 shares | |
| Market Maker Reserveration | 1,76,000 shares | 2,40,000 shares |
| QIB | 9,07,200 shares | |
| NII | 16,32,000 shares | 6,82,800 shares |
| RII | 16,32,000 shares | 15,92,400 shares |
| Employee | ||
| Others | ||
| Total | 32,64,000 shares | 45,40,800 shares |
GSM Foils IPO subscribed 257.30x in total, whereas TBI Corn IPO subscribed 231.21x.
| GSM Foils IPO | TBI Corn IPO | |
|---|---|---|
| QIB (times) | 81.41x | |
| NII (times) | 259.51x | 516.50x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 247.10x | 523.29x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 257.30x | 231.21x |
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