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Cedaar Textile IPO vs TSC India IPO

Comparison between Cedaar Textile IPO and TSC India IPO.

IPO Details

Cedaar Textile IPO is a SME Bookbuilding IPO proposed to list at NSE SME while TSC India IPO is a SME Bookbuilding proposed to list at NSE SME.

 Cedaar Textile IPOTSC India IPO
LogoCedaar Textile IPO LogoTSC India IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersFast Track Finsec Pvt.Ltd.Expert Global Consultants Pvt.Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerNNM Securities Pvt.Ltd.Prabhat Financial Services Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Cedaar Textile IPO is up to ₹57.85 Cr whereas the issue size of the TSC India IPO is up to ₹24.58 Cr. The final issue price of Cedaar Textile IPO is ₹140.00 per share and of TSC India IPO is ₹70.00 per share.

 Cedaar Textile IPOTSC India IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹130.00 per share₹68.00 per share
Issue Price (Upper)₹140.00 per share₹70.00 per share
Issue Price (Final)₹140.00 per share₹70.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size1000 shares2000 shares
Fresh Issue Size41,32,000 shares35,12,000 shares
Fresh Issue Size (Amount)up to ₹57.85 Crup to ₹24.58 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total41,32,000 shares35,12,000 shares
Issue Size Total (Amount)up to ₹57.85 Crup to ₹24.58 Cr

IPO Timetable

Cedaar Textile IPO opens on Jun 30, 2025, while TSC India IPO opens on Jul 23, 2025. The closing date of Cedaar Textile IPO and TSC India IPO is Jul 02, 2025, and Jul 25, 2025, respectively.

 Cedaar Textile IPOTSC India IPO
Anchor Bid DateJun 27, 2025Jul 22, 2025
Issue OpenJun 30, 2025Jul 23, 2025
Issue CloseJul 02, 2025Jul 25, 2025
Basis Of Allotment (Tentative)Jul 03, 2025Jul 28, 2025
Initiation of Refunds (Tentative)Jul 04, 2025Jul 29, 2025
Credit of Share (Tentative)Jul 04, 2025Jul 29, 2025
Listing date (Tentative)Jul 07, 2025Jul 30, 2025
Anchor Lockin End date 1Aug 04, 2025Aug 27, 2025
Anchor Lockin End date 2Oct 03, 2025Oct 26, 2025

Financials & KPIs

Cedaar Textile IPO P/E ratio is 12.07, as compared to TSC India IPO P/E ratio of 15.44.

 Cedaar Textile IPOTSC India IPO
Financials

Cedaar Textile Limited Financial Information (Restated Consolidated)

Period Ended31 Dec 202431 Mar 202431 Mar 202331 Mar 2022
Assets222.77198.23175.84154.45
Total Income113.91191.01161.88220.44
Profit After Tax7.0611.054.597.99
EBITDA28.8115.6315.26
Net Worth60.7025.2414.199.60
Reserves and Surplus51.1717.7413.949.35
Total Borrowing120.63146.15137.01121.01
Amount in ₹ Crore

TSC India Ltd. Financial Information (Restated Consolidated)

TSC India Ltd.'s revenue increased by 28% and profit after tax (PAT) rose by 4% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets61.4553.3326.16
Total Income26.3220.599.85
Profit After Tax4.934.721.22
EBITDA8.758.192.82
Net Worth15.838.744.56
Reserves and Surplus5.486.822.64
Total Borrowing25.5317.7613.08
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)10090.74
Promoter Shareholding (Post-Issue)68.6666.85
P/E Ratio12.0715.44
Market Cap₹194.30 Cr.₹98.34 Cr.
ROE56.06%31.13%
ROCE26.90%19.49%
Debt/Equity5.79
EPS₹11.60₹4.53
RoNW56.06%31.13%

Shares Offered

In the Cedaar Textile IPO Retail Individual Investors (RII) are offered 15,00,000 shares while in TSC India IPO retail investors are offered 15,00,000 shares. Qualified Institutional Buyers (QIB) are offered 5,22,000 shares in Cedaar Textile IPO and 7,02,000 shares in TSC India IPO.

 Cedaar Textile IPOTSC India IPO
Anchor Investor Reserveration6,80,000 shares10,50,000 shares
Market Maker Reserveration2,18,000 shares1,86,000 shares
QIB5,22,000 shares7,02,000 shares
NII13,28,000 shares5,28,000 shares
RII15,00,000 shares12,32,000 shares
Employee0 shares
Others
Total41,32,000 shares35,12,000 shares

Bids Received (Subscription)

Cedaar Textile IPO subscribed 12.26x in total, whereas TSC India IPO subscribed 73.21x.

 Cedaar Textile IPOTSC India IPO
QIB (times)37.88x40.03x
NII (times)5.04x133.17x
Big NII (times)
Small NII (times)
RII (times)9.73x66.47x
Employee (times)
Other (times)
Total (times)12.26x73.21x