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Divyadhan Recycling Industries IPO vs TechEra Engineering IPO

Comparision between Divyadhan Recycling Industries IPO and TechEra Engineering IPO.

IPO Details

Divyadhan Recycling Industries IPO is a SME Book Built Issue IPO proposed to list at NSE SME while TechEra Engineering IPO is a SME Book Built Issue proposed to list at NSE SME.

  Divyadhan Recycling Industries IPO TechEra Engineering IPO
Logo Divyadhan Recycling Industries IPO Logo TechEra Engineering IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Book Built Issue Book Built Issue
Listing At NSE SME NSE SME
Lead Managers Narnolia Financial Services Ltd SKI Capital Services Limited
Registrar Skyline Financial Services Private Ltd Kfin Technologies Limited
Market Maker Kantilal Chhaganlal Securities Private Limited SKI Capital Services Limited
DRHP DRHP DRHP
RHP RHP RHP
Anchor Investor Anchor Investor Anchor Investor
IPO Allotment URL IPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Divyadhan Recycling Industries IPO is up to ₹24.17 Cr whereas the issue size of the TechEra Engineering IPO is up to ₹35.90 Cr. The final issue price of Divyadhan Recycling Industries IPO is ₹64.00 per share and of TechEra Engineering IPO is ₹82.00 per share.

  Divyadhan Recycling Industries IPO TechEra Engineering IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹60.00 per share ₹75.00 per share
Issue Price (Upper) ₹64.00 per share ₹82.00 per share
Issue Price (Final) ₹64.00 per share ₹82.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 2000 shares 1600 shares
Fresh Issue Size 37,76,000 shares 43,77,600 shares
Fresh Issue Size (Amount) up to ₹24.17 Cr up to ₹35.90 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 37,76,000 shares 43,77,600 shares
Issue Size Total (Amount) up to ₹24.17 Cr up to ₹35.90 Cr

IPO Timetable

Divyadhan Recycling Industries IPO opens on Sep 26, 2024, while TechEra Engineering IPO opens on Sep 25, 2024. The closing date of Divyadhan Recycling Industries IPO and TechEra Engineering IPO is Sep 30, 2024, and Sep 27, 2024, respectively.

  Divyadhan Recycling Industries IPO TechEra Engineering IPO
Anchor Bid Date Sep 25, 2024 Sep 24, 2024
Issue Open Sep 26, 2024 Sep 25, 2024
Issue Close Sep 30, 2024 Sep 27, 2024
Basis Of Allotment (Tentative) Oct 01, 2024 Sep 30, 2024
Initiation of Refunds (Tentative) Oct 03, 2024 Oct 01, 2024
Credit of Share (Tentative) Oct 03, 2024 Oct 01, 2024
Listing date (Tentative) Oct 04, 2024 Oct 03, 2024
Anchor Lockin End date 1 Oct 31, 2024 Oct 30, 2024
Anchor Lockin End date 2 Dec 30, 2024 Dec 29, 2024

Financials

Divyadhan Recycling Industries IPO P/E ratio is 28.34, as compared to TechEra Engineering IPO P/E ratio of 20.65.

  Divyadhan Recycling Industries IPO TechEra Engineering IPO
Financial

Divyadhan Recycling Industries Limited Financial Information (Restated)

Divyadhan Recycling Industries Limited's revenue increased by 2% and profit after tax (PAT) rose by 10% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets2,412.111,938.641,767.74
Revenue5,912.885,815.515,981.52
Profit After Tax237.8216.1852.91
Net Worth1,291.03853.23637.05
Reserves and Surplus764.49353.23137.05
Total Borrowing606.64545.55799.76
Amount in ₹ Lakhs

TechEra Engineering LImited Financial Information (Restated)

TechEra Engineering LImited's revenue increased by 47% and profit after tax (PAT) rose by 270% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets37.2439.2121.36
Revenue39.0826.597.37
Profit After Tax4.821.31-6.29
Net Worth15.911.089.78
Reserves and Surplus3.76-2.72-4.02
Total Borrowing14.313.778.87
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue) 94.06% 57.48%
Promoter Shareholding (Post-Issue) 69.24%
P/E Ratio 28.34 20.65
Market Cap ₹91.56 Cr. ₹135.47 Cr.
ROE 18.42%% 30.33%%
ROCE 20.76%% 23..47%%
Debt/Equity 0.47 0.9
EPS ₹2.26 ₹3.97
RoNW 18.42%% 30.33%%

Shares Offered

In the Divyadhan Recycling Industries IPO retail investors (RII) are offered 12,52,000 shares while in TechEra Engineering IPO retail investors are offered 12,52,000 shares. Qualified institutional buyers (QIB) are offered 7,16,000 shares in Divyadhan Recycling Industries IPO and 8,32,000 shares in TechEra Engineering IPO.

  Divyadhan Recycling Industries IPO TechEra Engineering IPO
Anchor Investor Reserveration 10,70,000 shares 12,46,400 shares
Market Maker Reserveration 2,00,000 shares 2,19,200 shares
QIB 7,16,000 shares 8,32,000 shares
NII 5,38,000 shares 6,24,000 shares
RII 12,52,000 shares 14,56,000 shares
Employee 0 shares 0 shares
Others
Total 25,06,000 shares 29,12,000 shares

Bids Received (Subscription)

Divyadhan Recycling Industries IPO subscribed 40.93x in total, whereas TechEra Engineering IPO subscribed 69.80x.

  Divyadhan Recycling Industries IPO TechEra Engineering IPO
QIB (times) 29.39x 31.22x
NII (times) 76.03x 128.88x
Big NII (times)
Small NII (times)
RII (times) 32.43x 66.52x
Employee (times)
Other (times)
Total (times) 40.93x 69.80x

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