Comparison between Rudra Gas Enterprise IPO and Thaai Casting IPO.
Rudra Gas Enterprise IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Thaai Casting IPO is a SME Bookbuilding proposed to list at NSE SME.
| Rudra Gas Enterprise IPO | Thaai Casting IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Bookbuilding |
| Listing At | BSE SME | NSE SME |
| Lead Managers | Beeline Capital Advisors Pvt.Ltd. | GYR Capital Advisors Pvt.Ltd. |
| Registrar | MUFG Intime India Pvt.Ltd. | Purva Sharegistry (India) Pvt.Ltd. |
| Market Maker | Spread X Securities 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 Rudra Gas Enterprise IPO is up to ₹13.43 Cr whereas the issue size of the Thaai Casting IPO is up to ₹44.52 Cr. The final issue price of Rudra Gas Enterprise IPO is ₹63.00 per share and of Thaai Casting IPO is ₹77.00 per share.
| Rudra Gas Enterprise 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) | ₹63.00 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 | 21,32,000 shares | 57,82,400 shares |
| Fresh Issue Size (Amount) | up to ₹13.43 Cr | up to ₹44.52 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 21,32,000 shares | 57,82,400 shares |
| Issue Size Total (Amount) | up to ₹13.43 Cr | up to ₹44.52 Cr |
Rudra Gas Enterprise IPO opens on Feb 08, 2024, while Thaai Casting IPO opens on Feb 15, 2024. The closing date of Rudra Gas Enterprise IPO and Thaai Casting IPO is Feb 12, 2024, and Feb 20, 2024, respectively.
| Rudra Gas Enterprise IPO | Thaai Casting IPO | |
|---|---|---|
| Anchor Bid Date | Feb 14, 2024 | |
| Issue Open | Feb 08, 2024 | Feb 15, 2024 |
| Issue Close | Feb 12, 2024 | Feb 20, 2024 |
| Basis Of Allotment (Tentative) | Feb 13, 2024 | Feb 21, 2024 |
| Initiation of Refunds (Tentative) | Feb 14, 2024 | Feb 21, 2024 |
| Credit of Share (Tentative) | Feb 14, 2024 | Feb 22, 2024 |
| Listing date (Tentative) | Feb 15, 2024 | Feb 23, 2024 |
| Anchor Lockin End date 1 | Mar 21, 2024 | |
| Anchor Lockin End date 2 | May 20, 2024 |
Rudra Gas Enterprise IPO P/E ratio is 10.9, as compared to Thaai Casting IPO P/E ratio of 25.99.
| Rudra Gas Enterprise IPO | Thaai Casting IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Rudra Gas Enterprise Limited Financial Information (Restated Standalone)Rudra Gas Enterprise Limited's revenue increased by 12.76% and profit after tax (PAT) rose by 96.21% 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) | 99.99 | 86.50 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 73.03 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 10.9 | 25.99 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹52.53 Cr. | ₹178.10 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 57% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 25% | 13% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 2.18 | 1.85 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹5.78 | ₹2.96 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 44.09% | 40.10% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Rudra Gas Enterprise IPO Retail Individual Investors (RII) are offered 10,66,000 shares while in Thaai Casting IPO retail investors are offered 10,66,000 shares. Qualified Institutional Buyers (QIB) are offered in Rudra Gas Enterprise IPO and 11,55,200 shares in Thaai Casting IPO.
| Rudra Gas Enterprise IPO | Thaai Casting IPO | |
|---|---|---|
| Anchor Investor Reserveration | 17,34,400 shares | |
| Market Maker Reserveration | 1,16,000 shares | 3,47,200 shares |
| QIB | 11,55,200 shares | |
| NII | 10,66,000 shares | 8,68,800 shares |
| RII | 10,66,000 shares | 20,24,000 shares |
| Employee | ||
| Others | ||
| Total | 21,32,000 shares | 57,82,400 shares |
Rudra Gas Enterprise IPO subscribed 350.75x in total, whereas Thaai Casting IPO subscribed 375.43x.
| Rudra Gas Enterprise IPO | Thaai Casting IPO | |
|---|---|---|
| QIB (times) | 144.43x | |
| NII (times) | 286.62x | 729.72x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 404.38x | 355.66x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 350.75x | 375.43x |
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