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Plada Infotech IPO vs Rajgor Castor Derivatives IPO

Comparison between Plada Infotech IPO and Rajgor Castor Derivatives IPO.

IPO Details

Plada Infotech IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Rajgor Castor Derivatives IPO is a SME Bookbuilding proposed to list at NSE SME.

 Plada Infotech IPORajgor Castor Derivatives IPO
LogoPlada Infotech IPO LogoRajgor Castor Derivatives IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersIndorient Financial Services Ltd.Beeline Capital Advisors Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.MUFG Intime India Pvt.Ltd.
Market MakerNikunj Stock Brokers Ltd.Spread X Securities Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Plada Infotech IPO is up to ₹11.74 Cr whereas the issue size of the Rajgor Castor Derivatives IPO is up to ₹45.30 Cr. The final issue price of Plada Infotech IPO is ₹48.00 per share and of Rajgor Castor Derivatives IPO is ₹50.00 per share.

 Plada Infotech IPORajgor Castor Derivatives IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹47.00 per share
Issue Price (Upper)₹50.00 per share
Issue Price (Final)₹48.00 per share₹50.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size3000 shares3000 shares
Fresh Issue Size24,45,000 shares83,94,000 shares
Fresh Issue Size (Amount)up to ₹11.74 Crup to ₹41.97 Cr
OFS Issue Size0 shares6,66,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹3.33 Cr
Issue Size Total24,45,000 shares90,60,000 shares
Issue Size Total (Amount)up to ₹11.74 Crup to ₹45.30 Cr

IPO Timetable

Plada Infotech IPO opens on Sep 29, 2023, while Rajgor Castor Derivatives IPO opens on Oct 17, 2023. The closing date of Plada Infotech IPO and Rajgor Castor Derivatives IPO is Oct 05, 2023, and Oct 20, 2023, respectively.

 Plada Infotech IPORajgor Castor Derivatives IPO
Anchor Bid DateOct 16, 2023
Issue OpenSep 29, 2023Oct 17, 2023
Issue CloseOct 05, 2023Oct 20, 2023
Basis Of Allotment (Tentative)Oct 09, 2023Oct 26, 2023
Initiation of Refunds (Tentative)Oct 10, 2023Oct 27, 2023
Credit of Share (Tentative)Oct 11, 2023Oct 30, 2023
Listing date (Tentative)Oct 13, 2023Oct 31, 2023
Anchor Lockin End date 1Nov 25, 2023
Anchor Lockin End date 2Jan 24, 2024

Financials & KPIs

Plada Infotech IPO P/E ratio is 12.31, as compared to Rajgor Castor Derivatives IPO P/E ratio of 1.66.

 Plada Infotech IPORajgor Castor Derivatives IPO
Financials

Company Financials (Restated Consolidated)

Period Ended31 Mar 202331 Mar 202231 Mar 202131 Mar 2020
Assets28.1127.2027.6027.11
Total Income62.7548.8744.6150.68
Profit After Tax2.341.100.671.20
NET Worth7.535.184.083.43
Reserves and Surplus5.534.984.073.42
Total Borrowing16.5417.7219.5319.90
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 202131 Mar 2020
Assets98.4877.8337.5325.7826.45
Total Income112.76428.8740.9111.0114.97
Profit After Tax1.935.540.52-1.80-0.97
NET Worth25.5823.662.021.50
Reserves and Surplus23.4421.511.901.383.18
Total Borrowing51.7944.5118.1022.86
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)89.5%100%
Promoter Shareholding (Post-Issue)62.64%60.02%
P/E Ratio12.311.66
Market Cap₹41.16 Cr.₹119.58 Cr.
ROE3743.19
ROCE2122.97
Debt/Equity2.201.88
EPS₹3.90₹30.06
RoNW31.0723.44

Shares Offered

In the Plada Infotech IPO Retail Individual Investors (RII) are offered 12,22,500 shares while in Rajgor Castor Derivatives IPO retail investors are offered 12,22,500 shares. Qualified Institutional Buyers (QIB) are offered in Plada Infotech IPO and 18,12,000 shares in Rajgor Castor Derivatives IPO.

 Plada Infotech IPORajgor Castor Derivatives IPO
Anchor Investor Reservation27,12,000 shares
Market Maker Reservation1,29,000 shares5,01,000 shares
QIB18,12,000 shares
NII12,22,500 shares13,62,000 shares
RII12,22,500 shares31,74,000 shares
Employee0 shares
Total24,45,000 shares90,60,000 shares

Bids Received (Subscription)

Plada Infotech IPO subscribed 56.79x in total, whereas Rajgor Castor Derivatives IPO subscribed 73.82x.

 Plada Infotech IPORajgor Castor Derivatives IPO
QIB (times)33.76x
NII (times)39.81x260.01x
RII (times)73.78x79.88x
Total (times)56.79x73.82x

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Compare:

Plada Infotech IPO Vs Rajgor Castor Derivatives IPO