Italian Edibles IPO vs Polysil Irrigation Systems IPO

Comparision between Italian Edibles IPO and Polysil Irrigation Systems IPO.

IPO Details

Italian Edibles IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Polysil Irrigation Systems IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Italian Edibles IPO	Polysil Irrigation Systems IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	First Overseas Capital Limited	Fedex Securities Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Nikunj Stock Brokers Limited	Market-Hub Stock Broking 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 Italian Edibles IPO is up to ₹26.66 Cr whereas the issue size of the Polysil Irrigation Systems IPO is up to ₹17.44 Cr. The final issue price of Italian Edibles IPO is ₹68.00 per share and of Polysil Irrigation Systems IPO is ₹54.00 per share.

	Italian Edibles IPO	Polysil Irrigation Systems IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹68.00 per share	₹54.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	2000 shares
Fresh Issue Size	39,20,000 shares	14,44,000 shares
Fresh Issue Size (Amount)	up to ₹26.66 Cr	up to ₹7.80 Cr
OFS Issue Size		17,85,000 shares
OFS Issue Size (Amount)		up to ₹9.64 Cr
Issue Size Total	39,20,000 shares	32,29,000 shares
Issue Size Total (Amount)	up to ₹26.66 Cr	up to ₹17.44 Cr

IPO Timetable

Italian Edibles IPO opens on Feb 02, 2024, while Polysil Irrigation Systems IPO opens on Feb 08, 2024. The closing date of Italian Edibles IPO and Polysil Irrigation Systems IPO is Feb 07, 2024, and Feb 13, 2024, respectively.

	Italian Edibles IPO	Polysil Irrigation Systems IPO
Anchor Bid Date
Issue Open	Feb 02, 2024	Feb 08, 2024
Issue Close	Feb 07, 2024	Feb 13, 2024
Basis Of Allotment (Tentative)	Feb 08, 2024	Feb 14, 2024
Initiation of Refunds (Tentative)	Feb 09, 2024	Feb 15, 2024
Credit of Share (Tentative)	Feb 09, 2024	Feb 15, 2024
Listing date (Tentative)	Feb 12, 2024	Feb 16, 2024
Anchor Lockin End date 1	Mar 09, 2024
Anchor Lockin End date 2	May 08, 2024

Financials

Italian Edibles IPO P/E ratio is 27.94, as compared to Polysil Irrigation Systems IPO P/E ratio of 47.08.

Italian Edibles IPO

Polysil Irrigation Systems IPO

Financial

Italian Edibles Limited Financial Information (Restated)

Italian Edibles Limited's revenue decreased by -16.1% and profit after tax (PAT) rose by 229.4% 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	4,824.64	4,155.24	3,905.45	3,946.43
Revenue	3,052.16	6,330.09	7,545.25	4,899.44
Profit After Tax	209.68	264.21	80.21	86.52
Net Worth	1,287.92	1,078.24	814.03	583.82
Reserves and Surplus	202.21	906.82	642.60	433.82
Amount in ₹ Lakhs

Polysil Irrigation Systems Limited Financial Information (Restated)

Polysil Irrigation Systems Limited's revenue increased by 16.6% and profit after tax (PAT) rose by 236.39% 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	5,671.49	5,531.46	4,616.80	4,178.47
Revenue	1,019.74	4,392.49	3,767.21	5,471.58
Profit After Tax	110.31	113.53	33.75	64.81
Net Worth	1,646.02	1,535.71	1,372.06	1,338.31
Reserves and Surplus	656.31	546.00	1,326.56	1,292.82
Total Borrowing	1,566.17	1,547.25	1,494.96	1,104.83
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

33.79%

Promoter Shareholding (Post-Issue)

73.47%

29.49%

P/E Ratio

27.94

47.08

Market Cap

₹100.48 Cr.

₹61.24 Cr.

ROE

24.50%%

7.39%%

ROCE

19.32%%

12.81%%

Debt/Equity

1.6

1.01

EPS

₹2.43

₹1.15

RoNW

24.50%%

7.39%%

Shares Offered

In the Italian Edibles IPO retail investors (RII) are offered 18,60,000 shares while in Polysil Irrigation Systems IPO retail investors are offered 18,60,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Italian Edibles IPO and 0 shares in Polysil Irrigation Systems IPO.

	Italian Edibles IPO	Polysil Irrigation Systems IPO
Anchor Investor Reserveration
Market Maker Reserveration	2,00,000 shares	1,64,000 shares
QIB	0 shares	0 shares
NII	18,60,000 shares	15,32,000 shares
RII	18,60,000 shares	15,32,000 shares
Employee	0 shares	0 shares
Others
Total	37,20,000 shares	30,64,000 shares

Bids Received (Subscription)

Italian Edibles IPO subscribed 154.43x in total, whereas Polysil Irrigation Systems IPO subscribed 6.88x.

	Italian Edibles IPO	Polysil Irrigation Systems IPO
QIB (times)
NII (times)	177.37x	2.12x
Big NII (times)
Small NII (times)
RII (times)	120.62x	11.62x
Employee (times)
Other (times)
Total (times)	154.43x	6.88x

Compare with others

Italian Edibles IPO	Polysil Irrigation Systems IPO
Kalahridhaan Trendz IPO	Trust Fintech IPO
Polysil Irrigation Systems IPO	Interiors and More IPO
Rudra Gas Enterprise IPO	Atmastco IPO
WTI Cabs IPO	Thaai Casting IPO
Alpex Solar IPO	Kalahridhaan Trendz IPO
Gabriel Pet Straps IPO	Rudra Gas Enterprise IPO
Mayank Cattle Food IPO	WTI Cabs IPO
Docmode Health Technologies IPO	Alpex Solar IPO
Harshdeep Hortico IPO	Italian Edibles IPO
Megatherm Induction IPO	Gabriel Pet Straps IPO

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