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GSM Foils IPO vs Piotex Industries IPO

Comparision between GSM Foils IPO and Piotex Industries IPO.

IPO Details

GSM Foils IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Piotex Industries IPO is a SME Fixed Price Issue proposed to list at BSE SME.

  GSM Foils IPO Piotex Industries IPO
Logo GSM Foils IPO Logo Piotex Industries IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Fixed Price Issue
Listing At NSE SME BSE SME
Lead Managers Shreni Shares Limited Beeline Capital Advisors Pvt Ltd
Registrar Bigshare Services Pvt Ltd Cameo Corporate Services Limited
Market Maker Shreni Shares Limited Spread X Securities Private Limited
DRHP DRHP DRHP
RHP RHP RHP
Anchor Investor
IPO Allotment URL IPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of GSM Foils IPO is up to ₹11.01 Cr whereas the issue size of the Piotex Industries IPO is up to ₹14.47 Cr. The final issue price of GSM Foils IPO is ₹32.00 per share and of Piotex Industries IPO is ₹94.00 per share.

  GSM Foils IPO Piotex Industries IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final) ₹32.00 per share ₹94.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 4000 shares 1200 shares
Fresh Issue Size 34,40,000 shares 15,39,600 shares
Fresh Issue Size (Amount) up to ₹11.01 Cr up to ₹14.47 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 34,40,000 shares 15,39,600 shares
Issue Size Total (Amount) up to ₹11.01 Cr up to ₹14.47 Cr

IPO Timetable

GSM Foils IPO opens on May 24, 2024, while Piotex Industries IPO opens on May 10, 2024. The closing date of GSM Foils IPO and Piotex Industries IPO is May 28, 2024, and May 14, 2024, respectively.

  GSM Foils IPO Piotex Industries IPO
Anchor Bid Date
Issue Open May 24, 2024 May 10, 2024
Issue Close May 28, 2024 May 14, 2024
Basis Of Allotment (Tentative) May 29, 2024 May 15, 2024
Initiation of Refunds (Tentative) May 30, 2024 May 16, 2024
Credit of Share (Tentative) May 30, 2024 May 16, 2024
Listing date (Tentative) May 31, 2024 May 17, 2024
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials

GSM Foils IPO P/E ratio is 20.98, as compared to Piotex Industries IPO P/E ratio of 11.14.

  GSM Foils IPO Piotex Industries IPO
Financial

GSM Foils Limited Financial Information (Restated)

GSM Foils Limited's revenue decreased by -8.3% and profit after tax (PAT) rose by 124.62% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets2,208.181,438.181,050.65720.57
Revenue2,717.876,588.697,185.043,646.23
Profit After Tax124.79142.9763.6533.93
Net Worth126.99835.73659.06657.82
Reserves and Surplus124.79
Total Borrowing1,412.95242.43219.20
Amount in ₹ Lakhs

Piotex Industries Limited Financial Information (Restated)

Piotex Industries Limited's revenue increased by 37.23% and profit after tax (PAT) rose by 4.17% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets3,610.591,757.681,385.47
Revenue11,893.888,667.218,046.39
Profit After Tax300.80288.7574.29
Net Worth897.18440.07151.32
Reserves and Surplus582.47425.07136.32
Total Borrowing445.94372.30528.58
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 99.99% 100.00%
Promoter Shareholding (Post-Issue) 73.14% 69.83%
P/E Ratio 20.98 11.14
Market Cap ₹41.00 Cr. ₹47.97 Cr.
ROE 23.62%% 44.99%%
ROCE 1.60%% 33.20%%
Debt/Equity 11.13 0.5
EPS ₹1.53 ₹8.44
RoNW 98.27%% 33.53%%

Shares Offered

In the GSM Foils IPO retail investors (RII) are offered 16,32,000 shares while in Piotex Industries IPO retail investors are offered 16,32,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in GSM Foils IPO and 0 shares in Piotex Industries IPO.

  GSM Foils IPO Piotex Industries IPO
Anchor Investor Reserveration
Market Maker Reserveration 1,76,000 shares 78,000 shares
QIB 0 shares 0 shares
NII 16,32,000 shares 7,30,800 shares
RII 16,32,000 shares 7,30,800 shares
Employee 0 shares 0 shares
Others
Total 32,64,000 shares 14,61,600 shares

Bids Received (Subscription)

GSM Foils IPO subscribed 257.30x in total, whereas Piotex Industries IPO subscribed 107.44x.

  GSM Foils IPO Piotex Industries IPO
QIB (times)
NII (times) 259.51x 115.21x
Big NII (times)
Small NII (times)
RII (times) 247.10x 93.33x
Employee (times)
Other (times)
Total (times) 257.30x 107.44x

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