Kalahridhaan Trendz IPO vs Polysil Irrigation Systems IPO

Comparision between Kalahridhaan Trendz IPO and Polysil Irrigation Systems IPO.

IPO Details

Kalahridhaan Trendz 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.

	Kalahridhaan Trendz 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	Interactive Financial Services Ltd	Fedex Securities Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Sunflower Broking 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 Kalahridhaan Trendz IPO is up to ₹22.49 Cr whereas the issue size of the Polysil Irrigation Systems IPO is up to ₹17.44 Cr. The final issue price of Kalahridhaan Trendz IPO is ₹45.00 per share and of Polysil Irrigation Systems IPO is ₹54.00 per share.

	Kalahridhaan Trendz IPO	Polysil Irrigation Systems IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹45.00 per share	₹54.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	2000 shares
Fresh Issue Size	49,98,000 shares	14,44,000 shares
Fresh Issue Size (Amount)	up to ₹22.49 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	49,98,000 shares	32,29,000 shares
Issue Size Total (Amount)	up to ₹22.49 Cr	up to ₹17.44 Cr

IPO Timetable

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

	Kalahridhaan Trendz 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

Kalahridhaan Trendz IPO P/E ratio is 8.24, as compared to Polysil Irrigation Systems IPO P/E ratio of 47.08.

Kalahridhaan Trendz IPO

Polysil Irrigation Systems IPO

Financial

Kalahridhaan Trendz Limited Financial Information (Restated)

Kalahridhaan Trendz Limited's revenue increased by 0.14% and profit after tax (PAT) rose by 170.52% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	10,979.30	10,962.55	10,297.94	5,979.36
Revenue	8,434.54	18,417.01	18,390.46	13,235.91
Profit After Tax	478.72	666.01	246.20	110.54
Net Worth	2,290.94	1,202.78	536.77	290.56
Reserves and Surplus	1,072.04	1,202.78	536.77	290.56
Total Borrowing	6,702.43	6,105.33	5,249.90	3,145.56
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)

96.22%

33.79%

Promoter Shareholding (Post-Issue)

68.24%

29.49%

P/E Ratio

8.24

47.08

Market Cap

₹77.34 Cr.

₹61.24 Cr.

ROE

42.09%%

7.39%%

ROCE

17.39%%

12.81%%

Debt/Equity

3.19

1.01

EPS

₹5.46

₹1.15

RoNW

36.75%%

7.39%%

Shares Offered

In the Kalahridhaan Trendz IPO retail investors (RII) are offered 23,73,000 shares while in Polysil Irrigation Systems IPO retail investors are offered 23,73,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Kalahridhaan Trendz IPO and 0 shares in Polysil Irrigation Systems IPO.

	Kalahridhaan Trendz IPO	Polysil Irrigation Systems IPO
Anchor Investor Reserveration
Market Maker Reserveration	2,52,000 shares	1,64,000 shares
QIB	0 shares	0 shares
NII	23,73,000 shares	15,32,000 shares
RII	23,73,000 shares	15,32,000 shares
Employee	0 shares	0 shares
Others
Total	47,46,000 shares	30,64,000 shares

Bids Received (Subscription)

Kalahridhaan Trendz IPO subscribed 8.15x in total, whereas Polysil Irrigation Systems IPO subscribed 6.88x.

	Kalahridhaan Trendz IPO	Polysil Irrigation Systems IPO
QIB (times)
NII (times)	6.66x	2.12x
Big NII (times)
Small NII (times)
RII (times)	9.63x	11.62x
Employee (times)
Other (times)
Total (times)	8.15x	6.88x

Compare with others

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Thaai Casting IPO	Kalahridhaan Trendz IPO
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Alpex Solar IPO	Italian Edibles IPO
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