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Silkflex Polymers IPO vs TGIF Agribusiness IPO

Comparison between Silkflex Polymers IPO and TGIF Agribusiness IPO.

IPO Details

Silkflex Polymers IPO is a SME Fixed Price IPO proposed to list at NSE SME while TGIF Agribusiness IPO is a SME Fixed Price proposed to list at BSE SME.

 Silkflex Polymers IPOTGIF Agribusiness IPO
LogoSilkflex Polymers IPO LogoTGIF Agribusiness IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersShreni Shares Ltd.Hem Securities Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerShreni Shares Ltd.Hem Finlease Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Silkflex Polymers IPO is up to ₹17.18 Cr whereas the issue size of the TGIF Agribusiness IPO is up to ₹6.07 Cr. The final issue price of Silkflex Polymers IPO is ₹52.00 per share and of TGIF Agribusiness IPO is ₹93.00 per share.

 Silkflex Polymers IPOTGIF Agribusiness IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹52.00 per share₹93.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares1200 shares
Fresh Issue Size33,04,000 shares6,52,800 shares
Fresh Issue Size (Amount)up to ₹17.18 Crup to ₹6.07 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total33,04,000 shares6,52,800 shares
Issue Size Total (Amount)up to ₹17.18 Crup to ₹6.07 Cr

IPO Timetable

Silkflex Polymers IPO opens on May 07, 2024, while TGIF Agribusiness IPO opens on May 08, 2024. The closing date of Silkflex Polymers IPO and TGIF Agribusiness IPO is May 10, 2024, and May 10, 2024, respectively.

 Silkflex Polymers IPOTGIF Agribusiness IPO
Anchor Bid Date
Issue OpenMay 07, 2024May 08, 2024
Issue CloseMay 10, 2024May 10, 2024
Basis Of Allotment (Tentative)May 13, 2024May 13, 2024
Initiation of Refunds (Tentative)May 14, 2024May 14, 2024
Credit of Share (Tentative)May 14, 2024May 14, 2024
Listing date (Tentative)May 15, 2024May 15, 2024
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Silkflex Polymers IPO P/E ratio is 53.76, as compared to TGIF Agribusiness IPO P/E ratio of 13.58.

 Silkflex Polymers IPOTGIF Agribusiness IPO
Financials

Silkflex Polymers (India) Limited Financial Information (Restated)

Silkflex Polymers (India) Limited's revenue increased by 22.74% and profit after tax (PAT) rose by 14.58% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets3,446.352,374.731,968.811,314.06
Total Income3,381.553,442.252,804.522,096.07
Profit After Tax256.6678.5968.5945.35
Net Worth1,073.28816.62738.03513.51
Reserves and Surplus260.78566.62488.03308.06
Total Borrowing1,716.181,208.31994.50612.81
Amount in ₹ Lakhs

TGIF Agribusiness Limited Financial Information (Restated)

TGIF Agribusiness Limited's revenue increased by 12.14% and profit after tax (PAT) rose by 12.63% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Nov 202331 Mar 202331 Mar 202231 Mar 2021
Assets282.32187.5265.33291.62
Total Income171.79232.28207.14181.59
Profit After Tax81.41130.07115.4838.18
Net Worth190.00175.8945.82257.91
Total Borrowing67.30
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)99.8499.80
Promoter Shareholding (Post-Issue)69.8973.28
P/E Ratio53.7613.58
Market Cap₹60.36 Cr.₹24.06 Cr.
ROE23.91%
ROCE41.04%
Debt/Equity1.60
EPS₹0.97₹6.85
RoNW23.91%42.85

Shares Offered

In the Silkflex Polymers IPO Retail Individual Investors (RII) are offered 16,52,000 shares while in TGIF Agribusiness IPO retail investors are offered 16,52,000 shares. Qualified Institutional Buyers (QIB) are offered in Silkflex Polymers IPO and in TGIF Agribusiness IPO.

 Silkflex Polymers IPOTGIF Agribusiness IPO
Anchor Investor Reserveration
Market Maker Reserveration1,78,000 shares34,800 shares
QIB
NII16,52,000 shares3,26,400 shares
RII16,52,000 shares3,26,400 shares
Employee
Others
Total33,04,000 shares6,52,800 shares

Bids Received (Subscription)

Silkflex Polymers IPO subscribed 39.30x in total, whereas TGIF Agribusiness IPO subscribed 37.13x.

 Silkflex Polymers IPOTGIF Agribusiness IPO
QIB (times)
NII (times)36.59x35.35x
Big NII (times)
Small NII (times)
RII (times)35.97x32.92x
Employee (times)
Other (times)
Total (times)39.30x37.13x