Comparison between Platinum Industries IPO and Vibhor Steel Tubes IPO.
Platinum Industries IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Vibhor Steel Tubes IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.
The total issue size of Platinum Industries IPO is up to ₹235.32 Cr whereas the issue size of the Vibhor Steel Tubes IPO is up to ₹72.17 Cr. The final issue price of Platinum Industries IPO is ₹171.00 per share and of Vibhor Steel Tubes IPO is ₹151.00 per share.
| Platinum Industries IPO | Vibhor Steel Tubes IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹162.00 per share | ₹141.00 per share |
| Issue Price (Upper) | ₹171.00 per share | ₹151.00 per share |
| Issue Price (Final) | ₹171.00 per share | ₹151.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ₹0.00 per share | |
| Market Lot Size | 87 shares | 99 shares |
| Fresh Issue Size | 1,37,61,225 shares | 47,79,443 shares |
| Fresh Issue Size (Amount) | up to ₹235.32 Cr | up to ₹72.17 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 | 1,37,61,225 shares | 47,79,443 shares |
| Issue Size Total (Amount) | up to ₹235.32 Cr | up to ₹72.17 Cr |
Platinum Industries IPO opens on Feb 27, 2024, while Vibhor Steel Tubes IPO opens on Feb 13, 2024. The closing date of Platinum Industries IPO and Vibhor Steel Tubes IPO is Feb 29, 2024, and Feb 15, 2024, respectively.
| Platinum Industries IPO | Vibhor Steel Tubes IPO | |
|---|---|---|
| Anchor Bid Date | Feb 26, 2024 | Feb 12, 2024 |
| Issue Open | Feb 27, 2024 | Feb 13, 2024 |
| Issue Close | Feb 29, 2024 | Feb 15, 2024 |
| Basis Of Allotment (Tentative) | Mar 01, 2024 | Feb 16, 2024 |
| Initiation of Refunds (Tentative) | Mar 04, 2024 | Feb 19, 2024 |
| Credit of Share (Tentative) | Mar 04, 2024 | Feb 19, 2024 |
| Listing date (Tentative) | Mar 05, 2024 | Feb 20, 2024 |
| Anchor Lockin End date 1 | Mar 31, 2024 | Mar 17, 2024 |
| Anchor Lockin End date 2 | May 30, 2024 | May 16, 2024 |
Platinum Industries IPO P/E ratio is 18.73, as compared to Vibhor Steel Tubes IPO P/E ratio of 10.17.
| Platinum Industries IPO | Vibhor Steel Tubes IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Consolidated)
| Company Financials (Restated Consolidated)
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 94.74 | 98.24 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 18.73 | 10.17 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹939.22 Cr. | ₹286.33 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 90.02% | 25.51% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 56.85% | 16.48% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.28 | 1.63 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹9.13 | ₹14.85 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 61.26% | 22.60% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Platinum Industries IPO Retail Individual Investors (RII) are offered 48,16,429 shares while in Vibhor Steel Tubes IPO retail investors are offered 48,16,429 shares. Qualified Institutional Buyers (QIB) are offered 27,52,375 shares in Platinum Industries IPO and 9,50,063 shares in Vibhor Steel Tubes IPO.
| Platinum Industries IPO | Vibhor Steel Tubes IPO | |
|---|---|---|
| Anchor Investor Reservation | 41,28,237 shares | 14,24,907 shares |
| Market Maker Reservation | ||
| QIB | 27,52,375 shares | 9,50,063 shares |
| NII | 20,64,184 shares | 7,12,491 shares |
| RII | 48,16,429 shares | 16,62,479 shares |
| Employee | 29,503 shares | |
| Others | ||
| Total | 1,37,61,225 shares | 47,79,443 shares |
Platinum Industries IPO subscribed 98.99x in total, whereas Vibhor Steel Tubes IPO subscribed 320.05x.
| Platinum Industries IPO | Vibhor Steel Tubes IPO | |
|---|---|---|
| QIB (times) | 151.00x | 191.41x |
| NII (times) | 141.79x | 772.49x |
| Big NII (times) | 138.46x | 754.37x |
| Small NII (times) | 148.46x | 808.72x |
| RII (times) | 50.92x | 201.52x |
| Employee (times) | 215.79x | |
| Other (times) | ||
| Total (times) | 98.99x | 320.05x |
