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Sattrix Information Security IPO vs TBI Corn IPO

Comparison between Sattrix Information Security IPO and TBI Corn IPO.

IPO Details

Sattrix Information Security 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.

 Sattrix Information Security IPOTBI Corn IPO
LogoSattrix Information Security IPO LogoTBI Corn IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersISK Advisors Pvt.Ltd.Ekadrisht Capital Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Kfin Technologies Ltd.
Market MakerSunflower 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 Sattrix Information Security IPO is up to ₹20.67 Cr whereas the issue size of the TBI Corn IPO is up to ₹42.68 Cr. The final issue price of Sattrix Information Security IPO is ₹121.00 per share and of TBI Corn IPO is ₹94.00 per share.

 Sattrix Information Security 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 Size17,08,000 shares45,40,800 shares
Fresh Issue Size (Amount)up to ₹20.67 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 Total17,08,000 shares45,40,800 shares
Issue Size Total (Amount)up to ₹20.67 Crup to ₹42.68 Cr

IPO Timetable

Sattrix Information Security IPO opens on Jun 05, 2024, while TBI Corn IPO opens on May 31, 2024. The closing date of Sattrix Information Security IPO and TBI Corn IPO is Jun 07, 2024, and Jun 04, 2024, respectively.

 Sattrix Information Security IPOTBI Corn IPO
Anchor Bid DateMay 30, 2024
Issue OpenJun 05, 2024May 31, 2024
Issue CloseJun 07, 2024Jun 04, 2024
Basis Of Allotment (Tentative)Jun 10, 2024Jun 05, 2024
Initiation of Refunds (Tentative)Jun 11, 2024Jun 06, 2024
Credit of Share (Tentative)Jun 11, 2024Jun 06, 2024
Listing date (Tentative)Jun 12, 2024Jun 07, 2024
Anchor Lockin End date 1Jul 05, 2024
Anchor Lockin End date 2Sep 03, 2024

Financials & KPIs

Sattrix Information Security IPO P/E ratio is 15.12, as compared to TBI Corn IPO P/E ratio of 18.33.

 Sattrix Information Security IPOTBI Corn IPO
Financials

Sattrix Information Security Limited Financial Information (Restated Consolidated)

Sattrix Information Security Limited's revenue increased by 60.76% and profit after tax (PAT) rose by 86.86% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets2,462.282,567.061,449.07950.32
Total Income3,061.613,775.652,348.692,120.23
Profit After Tax250.71400.12214.13193.83
Net Worth1,446.961,194.02776.51557.12
Reserves and Surplus946.961,193.02775.51556.12
Total Borrowing384.77194.55235.8844.54
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)57.71
P/E Ratio15.1218.33
Market Cap₹82.28 Cr.₹170.69 Cr.
ROE18.99%18.84%
ROCE20.93%18.65%
Debt/Equity0.270.43
EPS₹8.00₹5.13
RoNW17.33%18.84%

Shares Offered

In the Sattrix Information Security IPO Retail Individual Investors (RII) are offered 8,54,000 shares while in TBI Corn IPO retail investors are offered 8,54,000 shares. Qualified Institutional Buyers (QIB) are offered in Sattrix Information Security IPO and 9,07,200 shares in TBI Corn IPO.

 Sattrix Information Security IPOTBI Corn IPO
Anchor Investor Reserveration13,58,400 shares
Market Maker Reserveration92,000 shares2,40,000 shares
QIB9,07,200 shares
NII8,54,000 shares6,82,800 shares
RII8,54,000 shares15,92,400 shares
Employee
Others
Total17,08,000 shares45,40,800 shares

Bids Received (Subscription)

Sattrix Information Security IPO subscribed 70.44x in total, whereas TBI Corn IPO subscribed 231.21x.

 Sattrix Information Security IPOTBI Corn IPO
QIB (times)81.41x
NII (times)87.88x516.50x
Big NII (times)
Small NII (times)
RII (times)37.76x523.29x
Employee (times)
Other (times)
Total (times)70.44x231.21x