Thaai Casting IPO vs Wise Travel IPO

Comparison between Thaai Casting IPO and Wise Travel IPO.

IPO Details

Thaai Casting IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Wise Travel IPO is a SME Bookbuilding proposed to list at NSE SME.

	Thaai Casting IPO	Wise Travel IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	NSE SME	NSE SME
Lead Managers	GYR Capital Advisors Pvt.Ltd.	Share India Capital Services Pvt.Ltd.
Registrar	Purva Sharegistry (India) Pvt.Ltd.	Beetal Financial & Computer Services Pvt.Ltd.
Market Maker	Giriraj Stock Broking Pvt.Ltd.	Share India Securities Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Thaai Casting IPO is up to ₹44.52 Cr whereas the issue size of the Wise Travel IPO is up to ₹88.24 Cr. The final issue price of Thaai Casting IPO is ₹77.00 per share and of Wise Travel IPO is ₹147.00 per share.

	Thaai Casting IPO	Wise Travel IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹73.00 per share	₹140.00 per share
Issue Price (Upper)	₹77.00 per share	₹147.00 per share
Issue Price (Final)	₹77.00 per share	₹147.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)		₹0.00 per share
Market Lot Size	1600 shares	1000 shares
Fresh Issue Size	57,82,400 shares	60,03,000 shares
Fresh Issue Size (Amount)	up to ₹44.52 Cr	up to ₹88.24 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	57,82,400 shares	60,03,000 shares
Issue Size Total (Amount)	up to ₹44.52 Cr	up to ₹88.24 Cr

IPO Timetable

Thaai Casting IPO opens on Feb 15, 2024, while Wise Travel IPO opens on Feb 12, 2024. The closing date of Thaai Casting IPO and Wise Travel IPO is Feb 20, 2024, and Feb 14, 2024, respectively.

	Thaai Casting IPO	Wise Travel IPO
Anchor Bid Date	Feb 14, 2024	Feb 09, 2024
Issue Open	Feb 15, 2024	Feb 12, 2024
Issue Close	Feb 20, 2024	Feb 14, 2024
Basis Of Allotment (Tentative)	Feb 21, 2024	Feb 15, 2024
Initiation of Refunds (Tentative)	Feb 21, 2024	Feb 16, 2024
Credit of Share (Tentative)	Feb 22, 2024	Feb 16, 2024
Listing date (Tentative)	Feb 23, 2024	Feb 19, 2024
Anchor Lockin End date 1	Mar 21, 2024	Mar 16, 2024
Anchor Lockin End date 2	May 20, 2024	May 15, 2024

Financials & KPIs

Thaai Casting IPO P/E ratio is 25.99, as compared to Wise Travel IPO P/E ratio of 24.81.

Thaai Casting IPO

Wise Travel IPO

Financials

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 Ended	31 Oct 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	14,638.25	5,498.52	3,752.29	2,379.19
Total Income	4,848.91	4,911.64	3,841.94	2,048.70
Profit After Tax	860.93	503.71	115.40	40.33
Net Worth	4,116.94	1,617.31	894.84	473.46
Reserves and Surplus	620.78
Total Borrowing	7,830.03	2,985.10	2,351.15	1,313.51
Amount in ₹ Lakhs

Wise Travel India Limited Financial Information (Restated)

Wise Travel India Limited's revenue increased by 178.67% and profit after tax (PAT) rose by 172.5% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	13,427.82	12,161.21	6,002.64	5,271.17
Total Income	19,016.53	24,997.04	8,970.00	4,405.51
Profit After Tax	1,132.91	1,029.36	377.74	172.85
Net Worth	5,194.36	4,061.45	2,832.10	2,454.36
Reserves and Surplus	3,457.28	3,745.62	2,537.10	2,159.36
Total Borrowing	1,627.55	1,674.50	216.32	56.59
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

86.50

95.63

Promoter Shareholding (Post-Issue)

69.76

P/E Ratio

25.99

24.81

Market Cap

₹178.10 Cr.

₹350.03 Cr.

ROE

29.79%

ROCE

13%

22.90%

Debt/Equity

1.85

0.65

EPS

₹2.96

₹5.91

RoNW

40.10%

25.28%

Shares Offered

In the Thaai Casting IPO Retail Individual Investors (RII) are offered 20,24,000 shares while in Wise Travel IPO retail investors are offered 20,24,000 shares. Qualified Institutional Buyers (QIB) are offered 11,55,200 shares in Thaai Casting IPO and 11,91,000 shares in Wise Travel IPO.

	Thaai Casting IPO	Wise Travel IPO
Anchor Investor Reserveration	17,34,400 shares	17,85,000 shares
Market Maker Reserveration	3,47,200 shares	4,38,000 shares
QIB	11,55,200 shares	11,91,000 shares
NII	8,68,800 shares	8,94,000 shares
RII	20,24,000 shares	20,84,000 shares
Employee		49,000 shares
Others
Total	57,82,400 shares	60,03,000 shares

Bids Received (Subscription)

Thaai Casting IPO subscribed 375.43x in total, whereas Wise Travel IPO subscribed 163.46x.

	Thaai Casting IPO	Wise Travel IPO
QIB (times)	144.43x	106.69x
NII (times)	729.72x	375.56x
Big NII (times)
Small NII (times)
RII (times)	355.66x	108.76x
Employee (times)
Other (times)
Total (times)	375.43x	163.46x

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