Atmastco IPO vs Polysil Irrigation Systems IPO

Comparision between Atmastco IPO and Polysil Irrigation Systems IPO.

IPO Details

Atmastco 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.

	Atmastco 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	Affinity Global Capital Market Private Limited	Fedex Securities Pvt Ltd
Registrar	Cameo Corporate Services Limited	Bigshare Services Pvt Ltd
Market Maker	Asnani Stock Broker Private 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 Atmastco IPO is up to ₹56.25 Cr whereas the issue size of the Polysil Irrigation Systems IPO is up to ₹17.44 Cr. The final issue price of Atmastco IPO is ₹77.00 per share and of Polysil Irrigation Systems IPO is ₹54.00 per share.

	Atmastco IPO	Polysil Irrigation Systems IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹77.00 per share	₹54.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	2000 shares
Fresh Issue Size	54,80,000 shares	14,44,000 shares
Fresh Issue Size (Amount)	up to ₹42.20 Cr	up to ₹7.80 Cr
OFS Issue Size	18,25,600 shares	17,85,000 shares
OFS Issue Size (Amount)	up to ₹14.06 Cr	up to ₹9.64 Cr
Issue Size Total	73,05,600 shares	32,29,000 shares
Issue Size Total (Amount)	up to ₹56.25 Cr	up to ₹17.44 Cr

IPO Timetable

Atmastco IPO opens on Feb 15, 2024, while Polysil Irrigation Systems IPO opens on Feb 08, 2024. The closing date of Atmastco IPO and Polysil Irrigation Systems IPO is Feb 20, 2024, and Feb 13, 2024, respectively.

	Atmastco IPO	Polysil Irrigation Systems IPO
Anchor Bid Date
Issue Open	Feb 15, 2024	Feb 08, 2024
Issue Close	Feb 20, 2024	Feb 13, 2024
Basis Of Allotment (Tentative)	Feb 21, 2024	Feb 14, 2024
Initiation of Refunds (Tentative)	Feb 22, 2024	Feb 15, 2024
Credit of Share (Tentative)	Feb 22, 2024	Feb 15, 2024
Listing date (Tentative)	Feb 23, 2024	Feb 16, 2024
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials

Atmastco IPO P/E ratio is 11.6, as compared to Polysil Irrigation Systems IPO P/E ratio of 47.08.

Atmastco IPO

Polysil Irrigation Systems IPO

Financial

Atmastco Limited Financial Information (Restated Consolidated)

Atmastco Limited's revenue increased by 156.43% and profit after tax (PAT) rose by 295.58% 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	24,391.56	23,620.72	13,273.94	12,036.21
Revenue	6,700.16	24,278.76	9,468.14	6,990.68
Profit After Tax	628.74	1,277.75	323.00	60.46
Net Worth	6,259.03	5,520.33	4,235.23	3,912.23
Reserves and Surplus	4,763.72	4,039.20	2,754.10	2,431.10
Total Borrowing	7,317.46	7,125.68	5,155.92	5,410.48
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)

97.39%

33.79%

Promoter Shareholding (Post-Issue)

68.43%

29.49%

P/E Ratio

11.6

47.08

Market Cap

₹190.46 Cr.

₹61.24 Cr.

ROE

23.15%%

7.39%%

ROCE

29.91%%

12.81%%

Debt/Equity

0.48

1.01

EPS

₹6.64

₹1.15

RoNW

23.15%%

7.39%%

Shares Offered

In the Atmastco IPO retail investors (RII) are offered 34,69,600 shares while in Polysil Irrigation Systems IPO retail investors are offered 34,69,600 shares. Qualified institutional buyers (QIB) are offered 0 shares in Atmastco IPO and 0 shares in Polysil Irrigation Systems IPO.

	Atmastco IPO	Polysil Irrigation Systems IPO
Anchor Investor Reserveration
Market Maker Reserveration	3,66,400 shares	1,64,000 shares
QIB	0 shares	0 shares
NII	34,69,600 shares	15,32,000 shares
RII	34,69,600 shares	15,32,000 shares
Employee	0 shares	0 shares
Others
Total	69,39,200 shares	30,64,000 shares

Bids Received (Subscription)

Atmastco IPO subscribed 17.61x in total, whereas Polysil Irrigation Systems IPO subscribed 6.88x.

	Atmastco IPO	Polysil Irrigation Systems IPO
QIB (times)
NII (times)	14.92x	2.12x
Big NII (times)
Small NII (times)
RII (times)	18.24x	11.62x
Employee (times)
Other (times)
Total (times)	17.61x	6.88x

Compare with others

Atmastco IPO	Polysil Irrigation Systems IPO
Deem Roll Tech IPO	Trust Fintech IPO
Zenith Drugs IPO	Interiors and More IPO
Esconet Technologies IPO	Atmastco IPO
Trust Fintech IPO	Thaai Casting IPO
Interiors and More IPO	Kalahridhaan Trendz IPO
Thaai Casting IPO	Rudra Gas Enterprise IPO
Kalahridhaan Trendz IPO	WTI Cabs IPO
Polysil Irrigation Systems IPO	Alpex Solar IPO
Rudra Gas Enterprise IPO	Italian Edibles IPO
WTI Cabs IPO	Gabriel Pet Straps IPO

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