Atmastco IPO vs Thaai Casting IPO

Comparision between Atmastco IPO and Thaai Casting IPO.

IPO Details

Atmastco IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Thaai Casting IPO is a SME Book Built Issue proposed to list at NSE SME.

	Atmastco IPO	Thaai Casting IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Affinity Global Capital Market Private Limited	GYR Capital Advisors Private Limited
Registrar	Cameo Corporate Services Limited	Purva Sharegistry India Pvt Ltd
Market Maker	Asnani Stock Broker Private Limited	Giriraj Stock Broking Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Atmastco IPO is up to ₹56.25 Cr whereas the issue size of the Thaai Casting IPO is up to ₹47.20 Cr. The final issue price of Atmastco IPO is ₹77.00 per share and of Thaai Casting IPO is ₹77.00 per share.

	Atmastco IPO	Thaai Casting IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹73.00 per share
Issue Price (Upper)		₹77.00 per share
Issue Price (Final)	₹77.00 per share	₹77.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	1600 shares
Fresh Issue Size	54,80,000 shares	61,29,600 shares
Fresh Issue Size (Amount)	up to ₹42.20 Cr	up to ₹47.20 Cr
OFS Issue Size	18,25,600 shares
OFS Issue Size (Amount)	up to ₹14.06 Cr
Issue Size Total	73,05,600 shares	61,29,600 shares
Issue Size Total (Amount)	up to ₹56.25 Cr	up to ₹47.20 Cr

IPO Timetable

Atmastco IPO opens on Feb 15, 2024, while Thaai Casting IPO opens on Feb 15, 2024. The closing date of Atmastco IPO and Thaai Casting IPO is Feb 20, 2024, and Feb 20, 2024, respectively.

	Atmastco IPO	Thaai Casting IPO
Anchor Bid Date		Feb 14, 2024
Issue Open	Feb 15, 2024	Feb 15, 2024
Issue Close	Feb 20, 2024	Feb 20, 2024
Basis Of Allotment (Tentative)	Feb 21, 2024	Feb 21, 2024
Initiation of Refunds (Tentative)	Feb 22, 2024	Feb 21, 2024
Credit of Share (Tentative)	Feb 22, 2024	Feb 22, 2024
Listing date (Tentative)	Feb 23, 2024	Feb 23, 2024
Anchor Lockin End date 1		Mar 21, 2024
Anchor Lockin End date 2		May 20, 2024

Financials

Atmastco IPO P/E ratio is 11.6, as compared to Thaai Casting IPO P/E ratio of 25.99.

Atmastco IPO

Thaai Casting IPO

Financial

Atmastco Limited Financial Information (Restated Consolidated)

Atmastco Limited's revenue increased by 156.43% and profit after tax (PAT) rose by 295.58% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Aug 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	24,391.56	23,620.72	13,273.94	12,036.21
Revenue	6,700.16	24,278.76	9,468.14	6,990.68
Profit After Tax	628.74	1,277.75	323.00	60.46
Net Worth	6,259.03	5,520.33	4,235.23	3,912.23
Reserves and Surplus	4,763.72	4,039.20	2,754.10	2,431.10
Total Borrowing	7,317.46	7,125.68	5,155.92	5,410.48
Amount in ₹ Lakhs

Thaai Casting Ltd Financial Information (Restated Standalone)

Thaai Casting Ltd's revenue increased by 27.84% and profit after tax (PAT) rose by 336.49% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Oct 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	14,638.25	5,498.52	3,752.29	2,379.19
Revenue	4,848.91	4,911.64	3,841.94	2,048.70
Profit After Tax	860.93	503.71	115.40	40.33
Net Worth	4,116.94	1,617.31	894.84	473.46
Reserves and Surplus	620.78
Total Borrowing	7,830.03	2,985.10	2,351.15	1,313.51
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

97.39%

86.50%

Promoter Shareholding (Post-Issue)

68.43%

P/E Ratio

11.6

25.99

Market Cap

₹190.46 Cr.

₹178.10 Cr.

ROE

23.15%%

ROCE

29.91%%

13%%

Debt/Equity

0.48

1.85

EPS

₹6.64

₹2.96

RoNW

23.15%%

40.10%%

Shares Offered

In the Atmastco IPO retail investors (RII) are offered 34,69,600 shares while in Thaai Casting IPO retail investors are offered 34,69,600 shares. Qualified institutional buyers (QIB) are offered 0 shares in Atmastco IPO and 11,56,800 shares in Thaai Casting IPO.

	Atmastco IPO	Thaai Casting IPO
Anchor Investor Reserveration		17,34,400 shares
Market Maker Reserveration	3,66,400 shares	3,47,200 shares
QIB	0 shares	11,56,800 shares
NII	34,69,600 shares	8,67,200 shares
RII	34,69,600 shares	20,24,000 shares
Employee	0 shares	0 shares
Others
Total	69,39,200 shares	40,48,000 shares

Bids Received (Subscription)

Atmastco IPO subscribed 17.61x in total, whereas Thaai Casting IPO subscribed 375.43x.

	Atmastco IPO	Thaai Casting IPO
QIB (times)		144.43x
NII (times)	14.92x	729.72x
Big NII (times)
Small NII (times)
RII (times)	18.24x	355.66x
Employee (times)
Other (times)
Total (times)	17.61x	375.43x

Compare with others

Atmastco IPO	Thaai Casting IPO
Deem Roll Tech IPO	Zenith Drugs IPO
Zenith Drugs IPO	Esconet Technologies IPO
Esconet Technologies IPO	Trust Fintech IPO
Trust Fintech IPO	Interiors and More IPO
Interiors and More IPO	Atmastco IPO
Thaai Casting IPO	Kalahridhaan Trendz IPO
Kalahridhaan Trendz IPO	Polysil Irrigation Systems IPO
Polysil Irrigation Systems IPO	Rudra Gas Enterprise IPO
Rudra Gas Enterprise IPO	WTI Cabs IPO
WTI Cabs IPO	Alpex Solar IPO

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