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Shri Ahimsa Naturals IPO vs TSC India IPO

Comparison between Shri Ahimsa Naturals IPO and TSC India IPO.

IPO Details

Shri Ahimsa Naturals 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.

 Shri Ahimsa Naturals IPOTSC India IPO
LogoShri Ahimsa Naturals IPO LogoTSC India IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersSrujan Alpha Capital Advisors LLPExpert Global Consultants Pvt.Ltd.
RegistrarCameo Corporate Services Ltd.Bigshare Services Pvt.Ltd.
Market MakerChoice Equity Broking 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 Shri Ahimsa Naturals IPO is up to ₹70.10 Cr whereas the issue size of the TSC India IPO is up to ₹24.58 Cr. The final issue price of Shri Ahimsa Naturals IPO is ₹119.00 per share and of TSC India IPO is ₹70.00 per share.

 Shri Ahimsa Naturals IPOTSC India IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹113.00 per share₹68.00 per share
Issue Price (Upper)₹119.00 per share₹70.00 per share
Issue Price (Final)₹119.00 per share₹70.00 per share
Discount (Retail)₹0.00 per share
Discount (Employee)
Market Lot Size1200 shares2000 shares
Fresh Issue Size38,91,600 shares35,12,000 shares
Fresh Issue Size (Amount)up to ₹46.31 Crup to ₹24.58 Cr
OFS Issue Size19,99,200 shares0 shares
OFS Issue Size (Amount)up to ₹23.79 Crup to ₹0.00 Cr
Issue Size Total58,90,800 shares35,12,000 shares
Issue Size Total (Amount)up to ₹70.10 Crup to ₹24.58 Cr

IPO Timetable

Shri Ahimsa Naturals IPO opens on Mar 25, 2025, while TSC India IPO opens on Jul 23, 2025. The closing date of Shri Ahimsa Naturals IPO and TSC India IPO is Mar 27, 2025, and Jul 25, 2025, respectively.

 Shri Ahimsa Naturals IPOTSC India IPO
Anchor Bid DateMar 24, 2025Jul 22, 2025
Issue OpenMar 25, 2025Jul 23, 2025
Issue CloseMar 27, 2025Jul 25, 2025
Basis Of Allotment (Tentative)Mar 28, 2025Jul 28, 2025
Initiation of Refunds (Tentative)Apr 01, 2025Jul 29, 2025
Credit of Share (Tentative)Apr 01, 2025Jul 29, 2025
Listing date (Tentative)Apr 02, 2025Jul 30, 2025
Anchor Lockin End date 1Apr 28, 2025Aug 27, 2025
Anchor Lockin End date 2Jun 27, 2025Oct 26, 2025

Financials & KPIs

Shri Ahimsa Naturals IPO P/E ratio is 12.19, as compared to TSC India IPO P/E ratio of 15.44.

 Shri Ahimsa Naturals IPOTSC India IPO
Financials

Shri Ahimsa Naturals Limited Financial Information (Restated Consolidated)

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets111.39103.1574.1340.34
Total Income41.3778.7106.1458.94
Profit After Tax9.7418.6738.2111.02
Net Worth99.6783.8965.2227.02
Reserves and Surplus80.5465.5759.9921.78
Total Borrowing4.8513.833.436.36
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)94.2290.74
Promoter Shareholding (Post-Issue)68.6866.85
P/E Ratio12.1915.44
Market Cap₹277.63 Cr.₹98.34 Cr.
ROE22.25%31.13%
ROCE25.69%19.49%
Debt/Equity0.07
EPS₹9.76₹4.53
RoNW22.25%31.13%

Shares Offered

In the Shri Ahimsa Naturals IPO Retail Individual Investors (RII) are offered 20,82,000 shares while in TSC India IPO retail investors are offered 20,82,000 shares. Qualified Institutional Buyers (QIB) are offered 11,70,000 shares in Shri Ahimsa Naturals IPO and 7,02,000 shares in TSC India IPO.

 Shri Ahimsa Naturals IPOTSC India IPO
Anchor Investor Reserveration17,54,400 shares10,50,000 shares
Market Maker Reserveration3,12,000 shares1,86,000 shares
QIB11,70,000 shares7,02,000 shares
NII8,84,400 shares5,28,000 shares
RII20,82,000 shares12,32,000 shares
Employee0 shares0 shares
Others
Total58,90,800 shares35,12,000 shares

Bids Received (Subscription)

Shri Ahimsa Naturals IPO subscribed 62.71x in total, whereas TSC India IPO subscribed 73.21x.

 Shri Ahimsa Naturals IPOTSC India IPO
QIB (times)21.23x40.03x
NII (times)182.82x133.17x
Big NII (times)
Small NII (times)
RII (times)35.00x66.47x
Employee (times)
Other (times)
Total (times)62.71x73.21x