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Divyadhan Recycling IPO vs Thinking Hats Entertainment IPO

Comparison between Divyadhan Recycling IPO and Thinking Hats Entertainment IPO.

IPO Details

Divyadhan Recycling IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Thinking Hats Entertainment IPO is a SME Bookbuilding proposed to list at NSE SME.

 Divyadhan Recycling IPOThinking Hats Entertainment IPO
LogoDivyadhan Recycling IPO LogoThinking Hats Entertainment IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersNarnolia Financial Services Ltd.Horizon Financial Pvt.Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.MAS Services Ltd.
Market MakerKantilal Chhaganlal Securities 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 Divyadhan Recycling IPO is up to ₹22.89 Cr whereas the issue size of the Thinking Hats Entertainment IPO is up to ₹14.30 Cr. The final issue price of Divyadhan Recycling IPO is ₹64.00 per share and of Thinking Hats Entertainment IPO is ₹44.00 per share.

 Divyadhan Recycling IPOThinking Hats Entertainment IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹60.00 per share₹42.00 per share
Issue Price (Upper)₹64.00 per share₹44.00 per share
Issue Price (Final)₹64.00 per share₹44.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares3000 shares
Fresh Issue Size35,76,000 shares32,49,000 shares
Fresh Issue Size (Amount)up to ₹22.89 Crup to ₹14.30 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total35,76,000 shares32,49,000 shares
Issue Size Total (Amount)up to ₹22.89 Crup to ₹14.30 Cr

IPO Timetable

Divyadhan Recycling IPO opens on Sep 26, 2024, while Thinking Hats Entertainment IPO opens on Sep 25, 2024. The closing date of Divyadhan Recycling IPO and Thinking Hats Entertainment IPO is Sep 30, 2024, and Sep 27, 2024, respectively.

 Divyadhan Recycling IPOThinking Hats Entertainment IPO
Anchor Bid DateSep 25, 2024
Issue OpenSep 26, 2024Sep 25, 2024
Issue CloseSep 30, 2024Sep 27, 2024
Basis Of Allotment (Tentative)Oct 01, 2024Sep 30, 2024
Initiation of Refunds (Tentative)Oct 03, 2024Oct 01, 2024
Credit of Share (Tentative)Oct 03, 2024Oct 01, 2024
Listing date (Tentative)Oct 04, 2024Oct 03, 2024
Anchor Lockin End date 1Nov 03, 2024
Anchor Lockin End date 2Jan 03, 2025

Financials & KPIs

Divyadhan Recycling IPO P/E ratio is 28.34, as compared to Thinking Hats Entertainment IPO P/E ratio of 12.89.

 Divyadhan Recycling IPOThinking Hats Entertainment IPO
Financials

Divyadhan Recycling Industries Limited Financial Information (Restated)

Divyadhan Recycling Industries Limited's revenue increased by 2% and profit after tax (PAT) rose by 10% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets2,412.111,938.641,767.74
Total Income5,912.885,815.515,981.52
Profit After Tax237.8216.1852.91
Net Worth1,291.03853.23637.05
Reserves and Surplus764.49353.23137.05
Total Borrowing606.64545.55799.76
Amount in ₹ Lakhs

Thinking Hats Entertainment Solutions Limited Financial Information (Restated)

Thinking Hats Entertainment Solutions Limited's revenue increased by 20% and profit after tax (PAT) rose by 54% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets2,403.221,456.81641.14
Total Income2,670.12,227.81,245.2
Profit After Tax309.16200.7937.21
Net Worth1,099.86573.26372.47
Reserves and Surplus1,012.28497.01296.22
Total Borrowing543.46413.6529.22
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)94.0678.29
Promoter Shareholding (Post-Issue)69.24
P/E Ratio28.3412.89
Market Cap₹91.56 Cr.₹54.94 Cr.
ROE18.42%28.11%
ROCE20.76%29.37%
Debt/Equity0.470.49
EPS₹2.26₹3.41
RoNW18.42%28.11%

Shares Offered

In the Divyadhan Recycling IPO Retail Individual Investors (RII) are offered 12,52,000 shares while in Thinking Hats Entertainment IPO retail investors are offered 12,52,000 shares. Qualified Institutional Buyers (QIB) are offered 7,16,000 shares in Divyadhan Recycling IPO and 3,24,000 shares in Thinking Hats Entertainment IPO.

 Divyadhan Recycling IPOThinking Hats Entertainment IPO
Anchor Investor Reserveration10,70,000 shares
Market Maker Reserveration2,00,000 shares1,80,000 shares
QIB7,16,000 shares3,24,000 shares
NII5,38,000 shares8,76,000 shares
RII12,52,000 shares20,49,000 shares
Employee
Others
Total35,76,000 shares32,49,000 shares

Bids Received (Subscription)

Divyadhan Recycling IPO subscribed 40.93x in total, whereas Thinking Hats Entertainment IPO subscribed 322.19x.

 Divyadhan Recycling IPOThinking Hats Entertainment IPO
QIB (times)29.39x67.67x
NII (times)76.03x356.81x
Big NII (times)
Small NII (times)
RII (times)32.43x347.64x
Employee (times)
Other (times)
Total (times)40.93x322.19x