Comparison between Polysil Irrigation Systems IPO and Thaai Casting IPO.
Polysil Irrigation Systems 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.
| Polysil Irrigation Systems IPO | Thaai Casting IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Bookbuilding |
| Listing At | NSE SME | NSE SME |
| Lead Managers | Fedex Securities Pvt.Ltd. | GYR Capital Advisors Pvt.Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | Purva Sharegistry (India) Pvt.Ltd. |
| Market Maker | Market-Hub Stock Broking Pvt.Ltd. | Giriraj Stock Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Polysil Irrigation Systems IPO is up to ₹16.55 Cr whereas the issue size of the Thaai Casting IPO is up to ₹44.52 Cr. The final issue price of Polysil Irrigation Systems IPO is ₹54.00 per share and of Thaai Casting IPO is ₹77.00 per share.
| Polysil Irrigation Systems IPO | Thaai 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) | ₹54.00 per share | ₹77.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 2000 shares | 1600 shares |
| Fresh Issue Size | 12,80,000 shares | 57,82,400 shares |
| Fresh Issue Size (Amount) | up to ₹6.91 Cr | up to ₹44.52 Cr |
| OFS Issue Size | 17,84,000 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹9.63 Cr | up to ₹0.00 Cr |
| Issue Size Total | 30,64,000 shares | 57,82,400 shares |
| Issue Size Total (Amount) | up to ₹16.55 Cr | up to ₹44.52 Cr |
Polysil Irrigation Systems IPO opens on Feb 08, 2024, while Thaai Casting IPO opens on Feb 15, 2024. The closing date of Polysil Irrigation Systems IPO and Thaai Casting IPO is Feb 13, 2024, and Feb 20, 2024, respectively.
| Polysil Irrigation Systems IPO | Thaai Casting IPO | |
|---|---|---|
| Anchor Bid Date | Feb 14, 2024 | |
| Issue Open | Feb 08, 2024 | Feb 15, 2024 |
| Issue Close | Feb 13, 2024 | Feb 20, 2024 |
| Basis Of Allotment (Tentative) | Feb 14, 2024 | Feb 21, 2024 |
| Initiation of Refunds (Tentative) | Feb 15, 2024 | Feb 21, 2024 |
| Credit of Share (Tentative) | Feb 15, 2024 | Feb 22, 2024 |
| Listing date (Tentative) | Feb 16, 2024 | Feb 23, 2024 |
| Anchor Lockin End date 1 | Mar 21, 2024 | |
| Anchor Lockin End date 2 | May 20, 2024 |
Polysil Irrigation Systems IPO P/E ratio is 47.08, as compared to Thaai Casting IPO P/E ratio of 25.99.
| Polysil Irrigation Systems IPO | Thaai Casting IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Polysil Irrigation Systems Limited Financial Information (Restated)Polysil Irrigation Systems Limited's revenue increased by 16.6% and profit after tax (PAT) rose by 236.39% between the financial year ending with March 31, 2023 and March 31, 2022.
| 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.
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| Promoter Shareholding (Pre-Issue) | 33.79 | 86.50 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 29.49 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 47.08 | 25.99 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹61.24 Cr. | ₹178.10 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 7.39% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 12.81% | 13% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.01 | 1.85 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹1.15 | ₹2.96 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 7.39% | 40.10% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Polysil Irrigation Systems IPO Retail Individual Investors (RII) are offered 15,32,000 shares while in Thaai Casting IPO retail investors are offered 15,32,000 shares. Qualified Institutional Buyers (QIB) are offered in Polysil Irrigation Systems IPO and 11,55,200 shares in Thaai Casting IPO.
| Polysil Irrigation Systems IPO | Thaai Casting IPO | |
|---|---|---|
| Anchor Investor Reserveration | 17,34,400 shares | |
| Market Maker Reserveration | 1,64,000 shares | 3,47,200 shares |
| QIB | 11,55,200 shares | |
| NII | 15,32,000 shares | 8,68,800 shares |
| RII | 15,32,000 shares | 20,24,000 shares |
| Employee | ||
| Others | ||
| Total | 30,64,000 shares | 57,82,400 shares |
Polysil Irrigation Systems IPO subscribed 6.88x in total, whereas Thaai Casting IPO subscribed 375.43x.
| Polysil Irrigation Systems IPO | Thaai Casting IPO | |
|---|---|---|
| QIB (times) | 144.43x | |
| NII (times) | 2.12x | 729.72x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 11.62x | 355.66x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 6.88x | 375.43x |
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