Comparison between Renol Polychem IPO and TSC India IPO.
Renol Polychem 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.
| Renol Polychem IPO | TSC India IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | NSE SME | NSE SME |
| Lead Managers | Corporate Makers Capital Ltd. | Expert Global Consultants Pvt.Ltd. |
| Registrar | Skyline Financial Services Pvt.Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Asnani Stock Broker Pvt.Ltd. | Prabhat Financial Services Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | Anchor Investor | Anchor Investor |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Renol Polychem IPO is up to ₹24.20 Cr whereas the issue size of the TSC India IPO is up to ₹24.58 Cr. The final issue price of Renol Polychem IPO is ₹105.00 per share and of TSC India IPO is ₹70.00 per share.
| Renol Polychem IPO | TSC India IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹100.00 per share | ₹68.00 per share |
| Issue Price (Upper) | ₹105.00 per share | ₹70.00 per share |
| Issue Price (Final) | ₹105.00 per share | ₹70.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1200 shares | 2000 shares |
| Fresh Issue Size | 23,05,200 shares | 35,12,000 shares |
| Fresh Issue Size (Amount) | up to ₹24.20 Cr | up to ₹24.58 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 | 23,05,200 shares | 35,12,000 shares |
| Issue Size Total (Amount) | up to ₹24.20 Cr | up to ₹24.58 Cr |
Renol Polychem IPO opens on Jul 31, 2025, while TSC India IPO opens on Jul 23, 2025. The closing date of Renol Polychem IPO and TSC India IPO is Aug 04, 2025, and Jul 25, 2025, respectively.
| Renol Polychem IPO | TSC India IPO | |
|---|---|---|
| Anchor Bid Date | Jul 30, 2025 | Jul 22, 2025 |
| Issue Open | Jul 31, 2025 | Jul 23, 2025 |
| Issue Close | Aug 04, 2025 | Jul 25, 2025 |
| Basis Of Allotment (Tentative) | Aug 05, 2025 | Jul 28, 2025 |
| Initiation of Refunds (Tentative) | Aug 06, 2025 | Jul 29, 2025 |
| Credit of Share (Tentative) | Aug 06, 2025 | Jul 29, 2025 |
| Listing date (Tentative) | Aug 07, 2025 | Jul 30, 2025 |
| Anchor Lockin End date 1 | Sep 04, 2025 | Aug 27, 2025 |
| Anchor Lockin End date 2 | Nov 03, 2025 | Oct 26, 2025 |
Renol Polychem IPO P/E ratio is 11.54, as compared to TSC India IPO P/E ratio of 15.44.
| Renol Polychem IPO | TSC India IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Renol Polychem Ltd. Financial Information (Restated)Renol Polychem Ltd.'s revenue increased by 859% and profit after tax (PAT) rose by 226% between the financial year ending with March 31, 2025 and March 31, 2024.
| 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.
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| Promoter Shareholding (Pre-Issue) | 99.99 | 90.74 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 69.11 | 66.85 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 11.54 | 15.44 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹83.41 Cr. | ₹98.34 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 45.37% | 31.13% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 64.18% | 19.49% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.52 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹9.10 | ₹4.53 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 45.37% | 31.13% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Renol Polychem IPO Retail Individual Investors (RII) are offered 13,15,200 shares while in TSC India IPO retail investors are offered 13,15,200 shares. Qualified Institutional Buyers (QIB) are offered 2,56,800 shares in Renol Polychem IPO and 7,02,000 shares in TSC India IPO.
| Renol Polychem IPO | TSC India IPO | |
|---|---|---|
| Anchor Investor Reserveration | 3,84,000 shares | 10,50,000 shares |
| Market Maker Reserveration | 1,48,800 shares | 1,86,000 shares |
| QIB | 2,56,800 shares | 7,02,000 shares |
| NII | 3,49,200 shares | 5,28,000 shares |
| RII | 13,15,200 shares | 12,32,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 23,05,200 shares | 35,12,000 shares |
Renol Polychem IPO subscribed 6.83x in total, whereas TSC India IPO subscribed 73.21x.
| Renol Polychem IPO | TSC India IPO | |
|---|---|---|
| QIB (times) | 8.41x | 40.03x |
| NII (times) | 6.89x | 133.17x |
| Big NII (times) | 7.21x | |
| Small NII (times) | 6.25x | |
| RII (times) | 6.51x | 66.47x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 6.83x | 73.21x |
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