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Slone Infosystems IPO vs TGIF Agribusiness IPO

Comparison between Slone Infosystems IPO and TGIF Agribusiness IPO.

IPO Details

Slone Infosystems 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.

 Slone Infosystems IPOTGIF Agribusiness IPO
LogoSlone Infosystems IPO LogoTGIF Agribusiness IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersJawa Capital Services Pvt.Ltd.Hem Securities Ltd.
RegistrarKfin Technologies Ltd.Bigshare Services Pvt.Ltd.
Market MakerAftertrade Broking Pvt.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 Slone Infosystems IPO is up to ₹10.50 Cr whereas the issue size of the TGIF Agribusiness IPO is up to ₹6.07 Cr. The final issue price of Slone Infosystems IPO is ₹79.00 per share and of TGIF Agribusiness IPO is ₹93.00 per share.

 Slone Infosystems IPOTGIF Agribusiness IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹79.00 per share₹93.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares1200 shares
Fresh Issue Size13,29,600 shares6,52,800 shares
Fresh Issue Size (Amount)up to ₹10.50 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 Total13,29,600 shares6,52,800 shares
Issue Size Total (Amount)up to ₹10.50 Crup to ₹6.07 Cr

IPO Timetable

Slone Infosystems IPO opens on May 03, 2024, while TGIF Agribusiness IPO opens on May 08, 2024. The closing date of Slone Infosystems IPO and TGIF Agribusiness IPO is May 07, 2024, and May 10, 2024, respectively.

 Slone Infosystems IPOTGIF Agribusiness IPO
Anchor Bid Date
Issue OpenMay 03, 2024May 08, 2024
Issue CloseMay 07, 2024May 10, 2024
Basis Of Allotment (Tentative)May 08, 2024May 13, 2024
Initiation of Refunds (Tentative)May 09, 2024May 14, 2024
Credit of Share (Tentative)May 09, 2024May 14, 2024
Listing date (Tentative)May 10, 2024May 15, 2024
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Slone Infosystems IPO P/E ratio is 40.94, as compared to TGIF Agribusiness IPO P/E ratio of 13.58.

 Slone Infosystems IPOTGIF Agribusiness IPO
Financials

Slone Infosystems Limited Financial Information (Restated)

Slone Infosystems Limited's revenue increased by 15.73% and profit after tax (PAT) rose by 94.88% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets1,978.581,190.711,167.37929.41
Total Income3,434.863,077.402,659.141,157.44
Profit After Tax284.7274.6638.3127.54
Net Worth1,187.51210.49228.70189.61
Reserves and Surplus800.6125.94
Total Borrowing642.66681.53921.15726.10
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)99.4399.80
Promoter Shareholding (Post-Issue)73.0173.28
P/E Ratio40.9413.58
Market Cap₹41.63 Cr.₹24.06 Cr.
ROE74%
ROCE34.44%
Debt/Equity0.33
EPS₹1.93₹6.85
RoNW23.98%42.85

Shares Offered

In the Slone Infosystems IPO Retail Individual Investors (RII) are offered 6,65,600 shares while in TGIF Agribusiness IPO retail investors are offered 6,65,600 shares. Qualified Institutional Buyers (QIB) are offered in Slone Infosystems IPO and in TGIF Agribusiness IPO.

 Slone Infosystems IPOTGIF Agribusiness IPO
Anchor Investor Reserveration
Market Maker Reserveration70,400 shares34,800 shares
QIB
NII6,64,000 shares3,26,400 shares
RII6,65,600 shares3,26,400 shares
Employee
Others
Total13,29,600 shares6,52,800 shares

Bids Received (Subscription)

Slone Infosystems IPO subscribed 667.81x in total, whereas TGIF Agribusiness IPO subscribed 37.13x.

 Slone Infosystems IPOTGIF Agribusiness IPO
QIB (times)
NII (times)756.88x35.35x
Big NII (times)
Small NII (times)
RII (times)540.80x32.92x
Employee (times)
Other (times)
Total (times)667.81x37.13x