Comparison between TBI Corn IPO and Z-Tech IPO.
TBI Corn IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Z-Tech IPO is a SME Bookbuilding proposed to list at NSE SME.
| TBI Corn IPO | Z-Tech IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | NSE SME | NSE SME |
| Lead Managers | Ekadrisht Capital Pvt.Ltd. | Narnolia Financial Services Ltd. |
| Registrar | Kfin Technologies Ltd. | Maashitla Securities Pvt.Ltd. |
| Market Maker | SS Corporate Securities Ltd. | NVS Brokerage Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | Anchor Investor | Anchor Investor |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of TBI Corn IPO is up to ₹42.68 Cr whereas the issue size of the Z-Tech IPO is up to ₹35.43 Cr. The final issue price of TBI Corn IPO is ₹94.00 per share and of Z-Tech IPO is ₹110.00 per share.
| TBI Corn IPO | Z-Tech IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹90.00 per share | ₹104.00 per share |
| Issue Price (Upper) | ₹94.00 per share | ₹110.00 per share |
| Issue Price (Final) | ₹94.00 per share | ₹110.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 1200 shares | 1200 shares |
| Fresh Issue Size | 45,40,800 shares | 32,20,800 shares |
| Fresh Issue Size (Amount) | up to ₹42.68 Cr | up to ₹35.43 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 | 45,40,800 shares | 32,20,800 shares |
| Issue Size Total (Amount) | up to ₹42.68 Cr | up to ₹35.43 Cr |
TBI Corn IPO opens on May 31, 2024, while Z-Tech IPO opens on May 29, 2024. The closing date of TBI Corn IPO and Z-Tech IPO is Jun 04, 2024, and May 31, 2024, respectively.
| TBI Corn IPO | Z-Tech IPO | |
|---|---|---|
| Anchor Bid Date | May 30, 2024 | May 28, 2024 |
| Issue Open | May 31, 2024 | May 29, 2024 |
| Issue Close | Jun 04, 2024 | May 31, 2024 |
| Basis Of Allotment (Tentative) | Jun 05, 2024 | Jun 03, 2024 |
| Initiation of Refunds (Tentative) | Jun 06, 2024 | Jun 05, 2024 |
| Credit of Share (Tentative) | Jun 06, 2024 | Jun 05, 2024 |
| Listing date (Tentative) | Jun 07, 2024 | Jun 05, 2024 |
| Anchor Lockin End date 1 | Jul 05, 2024 | Jul 03, 2024 |
| Anchor Lockin End date 2 | Sep 03, 2024 | Sep 01, 2024 |
TBI Corn IPO P/E ratio is 18.33, as compared to Z-Tech IPO P/E ratio of 13.27.
| TBI Corn IPO | Z-Tech IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | 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.
| Ztech India Limited Financial Information (Restated Consolidated)Ztech India Limited's revenue increased by 160.28% and profit after tax (PAT) rose by 296.44% between the financial year ending with March 31, 2024 and March 31, 2023.
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| Promoter Shareholding (Pre-Issue) | 76.65 | 82.65 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 57.71 | 60.75 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 18.33 | 13.27 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹170.69 Cr. | ₹140.77 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 18.84% | 34% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 18.65% | 44.02% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.43 | 0.06 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹5.13 | ₹8.29 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 18.84% | 34% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the TBI Corn IPO Retail Individual Investors (RII) are offered 15,92,400 shares while in Z-Tech IPO retail investors are offered 15,92,400 shares. Qualified Institutional Buyers (QIB) are offered 9,07,200 shares in TBI Corn IPO and 6,44,400 shares in Z-Tech IPO.
| TBI Corn IPO | Z-Tech IPO | |
|---|---|---|
| Anchor Investor Reserveration | 13,58,400 shares | 9,64,800 shares |
| Market Maker Reserveration | 2,40,000 shares | 1,70,400 shares |
| QIB | 9,07,200 shares | 6,44,400 shares |
| NII | 6,82,800 shares | 4,83,600 shares |
| RII | 15,92,400 shares | 11,28,000 shares |
| Employee | ||
| Others | ||
| Total | 45,40,800 shares | 32,20,800 shares |
TBI Corn IPO subscribed 231.21x in total, whereas Z-Tech IPO subscribed 371.39x.
| TBI Corn IPO | Z-Tech IPO | |
|---|---|---|
| QIB (times) | 81.41x | 123.10x |
| NII (times) | 516.50x | 832.37x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 523.29x | 315.59x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 231.21x | 371.39x |
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