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Organic Recycling Systems IPO vs Sunita Tools IPO

Comparison between Organic Recycling Systems IPO and Sunita Tools IPO.

IPO Details

Organic Recycling Systems IPO is a SME Fixed Price IPO proposed to list at BSE SME while Sunita Tools IPO is a SME Fixed Price proposed to list at BSE SME.

 Organic Recycling Systems IPOSunita Tools IPO
LogoOrganic Recycling Systems IPO LogoSunita Tools IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMEBSE SME
Lead ManagersArihant Capital Markets Ltd.Aryaman Financial Services Ltd.
RegistrarMaashitla Securities Pvt.Ltd.Kfin Technologies Ltd.
Market MakerArihant Capital Markets Ltd.SS Corporate Securities Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Organic Recycling Systems IPO is up to ₹47.40 Cr whereas the issue size of the Sunita Tools IPO is up to ₹20.91 Cr. The final issue price of Organic Recycling Systems IPO is ₹200.00 per share and of Sunita Tools IPO is ₹145.00 per share.

 Organic Recycling Systems IPOSunita Tools IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹200.00 per share₹145.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size600 shares1000 shares
Fresh Issue Size23,70,000 shares12,42,000 shares
Fresh Issue Size (Amount)up to ₹47.40 Crup to ₹18.01 Cr
OFS Issue Size0 shares2,00,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹2.90 Cr
Issue Size Total23,70,000 shares14,42,000 shares
Issue Size Total (Amount)up to ₹47.40 Crup to ₹20.91 Cr

IPO Timetable

Organic Recycling Systems IPO opens on Sep 21, 2023, while Sunita Tools IPO opens on Sep 26, 2023. The closing date of Organic Recycling Systems IPO and Sunita Tools IPO is Sep 26, 2023, and Oct 03, 2023, respectively.

 Organic Recycling Systems IPOSunita Tools IPO
Issue OpenSep 21, 2023Sep 26, 2023
Issue CloseSep 26, 2023Oct 03, 2023
Basis Of Allotment (Tentative)Sep 29, 2023Oct 04, 2023
Initiation of Refunds (Tentative)Oct 03, 2023Oct 05, 2023
Credit of Share (Tentative)Oct 04, 2023Oct 06, 2023
Listing date (Tentative)Oct 06, 2023Oct 11, 2023

Financials & KPIs

Organic Recycling Systems IPO P/E ratio is 25.54, as compared to Sunita Tools IPO P/E ratio of 16.88.

 Organic Recycling Systems IPOSunita Tools IPO
Financials

Company Financials (Restated Consolidated)

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets119.31106.69102.73
Total Income25.3417.5715.78
Profit After Tax3.65-5.35-4.49
NET Worth25.508.0913.44
Reserves and Surplus20.147.6312.98
Total Borrowing69.8154.1854.50
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets25.3814.2313.52
Total Income14.178.896.92
Profit After Tax3.380.810.27
NET Worth3.21-2.67-3.48
Reserves and Surplus-1.10-4.48-5.29
Total Borrowing16.6012.4913.35
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)30.14%100%
Promoter Shareholding (Post-Issue)20.35%72.98%
P/E Ratio25.5416.88
Market Cap₹153.99 Cr.₹81.56 Cr.
ROE21.761259
ROCE13.0636.76
Debt/Equity2.705.17
EPS₹7.83₹13.96
RoNW14.33105.31

Shares Offered

In the Organic Recycling Systems IPO Retail Individual Investors (RII) are offered 11,85,000 shares while in Sunita Tools IPO retail investors are offered 11,85,000 shares. Qualified Institutional Buyers (QIB) are offered in Organic Recycling Systems IPO and 0 shares in Sunita Tools IPO.

 Organic Recycling Systems IPOSunita Tools IPO
Anchor Investor Reservation0 shares
Market Maker Reservation1,30,200 shares78,000 shares
QIB0 shares
NII11,85,000 shares7,21,000 shares
RII11,85,000 shares7,21,000 shares
Employee0 shares
Total23,70,000 shares14,42,000 shares

Bids Received (Subscription)

Organic Recycling Systems IPO subscribed 3.24x in total, whereas Sunita Tools IPO subscribed 13.19x.

 Organic Recycling Systems IPOSunita Tools IPO
NII (times)4.28x5.27x
RII (times)2.21x21.10x
Total (times)3.24x13.19x

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Organic Recycling Systems IPOSunita Tools IPO
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Compare:

Organic Recycling Systems IPO Vs Sunita Tools IPO