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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.

 Kalahridhaan Trendz IPOThaai Casting IPO
LogoKalahridhaan Trendz IPO LogoThaai Casting IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersInteractive Financial Services Ltd.GYR Capital Advisors Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Purva Sharegistry (India) Pvt.Ltd.
Market MakerSunflower Broking Pvt.Ltd.Giriraj Stock Broking Pvt.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 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

Kalahridhaan Trendz Limited Financial Information (Restated)

Kalahridhaan Trendz Limited's revenue increased by 0.14% and profit after tax (PAT) rose by 170.52% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets10,979.3010,962.5510,297.945,979.36
Total Income8,434.5418,417.0118,390.4613,235.91
Profit After Tax478.72666.01246.20110.54
Net Worth2,290.941,202.78536.77290.56
Reserves and Surplus1,072.041,202.78536.77290.56
Total Borrowing6,702.436,105.335,249.903,145.56
Amount in ₹ Lakhs

Thaai Casting Ltd Financial Information (Restated Standalone)

Thaai Casting Ltd's revenue increased by 27.84% and profit after tax (PAT) rose by 336.49% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Oct 202331 Mar 202331 Mar 202231 Mar 2021
Assets14,638.255,498.523,752.292,379.19
Total Income4,848.914,911.643,841.942,048.70
Profit After Tax860.93503.71115.4040.33
Net Worth4,116.941,617.31894.84473.46
Reserves and Surplus620.78
Total Borrowing7,830.032,985.102,351.151,313.51
Amount in ₹ Lakhs
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 Reserveration17,34,400 shares
Market Maker Reserveration2,52,000 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.

 Kalahridhaan Trendz IPOThaai Casting IPO
QIB (times)144.43x
NII (times)6.66x729.72x
Big NII (times)
Small NII (times)
RII (times)9.63x355.66x
Employee (times)
Other (times)
Total (times)8.15x375.43x