Kalahridhaan Trendz IPO vs Thaai Casting IPO

Comparison between Kalahridhaan Trendz IPO and Thaai Casting IPO.

IPO Details

Kalahridhaan Trendz IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Thaai Casting IPO is a SME Bookbuilding proposed to list at NSE SME.

Issue Size and Price

The total issue size of Kalahridhaan Trendz IPO is up to ₹21.36 Cr whereas the issue size of the Thaai Casting IPO is up to ₹44.52 Cr. The final issue price of Kalahridhaan Trendz IPO is ₹45.00 per share and of Thaai Casting IPO is ₹77.00 per share.

 Kalahridhaan Trendz IPOThaai Casting IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹73.00 per share
Issue Price (Upper)₹77.00 per share
Issue Price (Final)₹45.00 per share₹77.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size3000 shares1600 shares
Fresh Issue Size47,46,000 shares57,82,400 shares
Fresh Issue Size (Amount)up to ₹21.36 Crup to ₹44.52 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total47,46,000 shares57,82,400 shares
Issue Size Total (Amount)up to ₹21.36 Crup to ₹44.52 Cr

IPO Timetable

Kalahridhaan Trendz IPO opens on Feb 15, 2024, while Thaai Casting IPO opens on Feb 15, 2024. The closing date of Kalahridhaan Trendz IPO and Thaai Casting IPO is Feb 20, 2024, and Feb 20, 2024, respectively.

 Kalahridhaan Trendz IPOThaai Casting IPO
Anchor Bid DateFeb 14, 2024
Issue OpenFeb 15, 2024Feb 15, 2024
Issue CloseFeb 20, 2024Feb 20, 2024
Basis Of Allotment (Tentative)Feb 21, 2024Feb 21, 2024
Initiation of Refunds (Tentative)Feb 22, 2024Feb 21, 2024
Credit of Share (Tentative)Feb 22, 2024Feb 22, 2024
Listing date (Tentative)Feb 23, 2024Feb 23, 2024
Anchor Lockin End date 1Mar 21, 2024
Anchor Lockin End date 2May 20, 2024

Financials & KPIs

Kalahridhaan Trendz IPO P/E ratio is 8.24, as compared to Thaai Casting IPO P/E ratio of 25.99.

 Kalahridhaan Trendz IPOThaai Casting IPO
Financials

Company Financials (Restated)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets109.79109.63102.9859.79
Total Income84.35184.17183.90132.36
Profit After Tax4.796.662.461.11
NET Worth22.9112.035.372.91
Reserves and Surplus10.7212.035.372.91
Total Borrowing67.0261.0552.5031.46
Amount in ₹ Crore

Company Financials (Restated Standalone)

Period Ended31 Oct 202331 Mar 202331 Mar 202231 Mar 2021
Assets146.3854.9937.5223.79
Total Income48.4949.1238.4220.49
Profit After Tax8.615.041.150.40
NET Worth41.1716.178.954.73
Reserves and Surplus6.21
Total Borrowing78.3029.8523.5113.14
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)96.2286.50
Promoter Shareholding (Post-Issue)68.24
P/E Ratio8.2425.99
Market Cap₹77.34 Cr.₹178.10 Cr.
ROE42.09%
ROCE17.39%13%
Debt/Equity3.191.85
EPS₹5.46₹2.96
RoNW36.75%40.10%

Shares Offered

In the Kalahridhaan Trendz IPO Retail Individual Investors (RII) are offered 23,73,000 shares while in Thaai Casting IPO retail investors are offered 23,73,000 shares. Qualified Institutional Buyers (QIB) are offered in Kalahridhaan Trendz IPO and 11,55,200 shares in Thaai Casting IPO.

 Kalahridhaan Trendz IPOThaai Casting IPO
Anchor Investor Reservation17,34,400 shares
Market Maker Reservation2,52,000 shares3,47,200 shares
QIB11,55,200 shares
NII23,73,000 shares8,68,800 shares
RII23,73,000 shares20,24,000 shares
Employee
Others
Total47,46,000 shares57,82,400 shares

Bids Received (Subscription)

Kalahridhaan Trendz IPO subscribed 8.15x in total, whereas Thaai Casting IPO subscribed 375.43x.

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Kalahridhaan Trendz IPO Vs Thaai Casting IPO