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Polysil Irrigation Systems IPO vs Rudra Gas Enterprise IPO

Comparision between Polysil Irrigation Systems IPO and Rudra Gas Enterprise IPO.

IPO Details

Polysil Irrigation Systems IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Rudra Gas Enterprise IPO is a SME Fixed Price Issue proposed to list at BSE SME.

  Polysil Irrigation Systems IPO Rudra Gas Enterprise IPO
Logo Polysil Irrigation Systems IPO Logo Rudra Gas Enterprise IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Fixed Price Issue
Listing At NSE SME BSE SME
Lead Managers Fedex Securities Pvt Ltd Beeline Capital Advisors Pvt Ltd
Registrar Bigshare Services Pvt Ltd Link Intime India Private Ltd
Market Maker Market-Hub Stock Broking Private Limited Spread X Securities 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 Polysil Irrigation Systems IPO is up to ₹17.44 Cr whereas the issue size of the Rudra Gas Enterprise IPO is up to ₹14.16 Cr. The final issue price of Polysil Irrigation Systems IPO is ₹54.00 per share and of Rudra Gas Enterprise IPO is ₹63.00 per share.

  Polysil Irrigation Systems IPO Rudra Gas Enterprise IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final) ₹54.00 per share ₹63.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 2000 shares 2000 shares
Fresh Issue Size 14,44,000 shares 22,48,000 shares
Fresh Issue Size (Amount) up to ₹7.80 Cr up to ₹14.16 Cr
OFS Issue Size 17,85,000 shares
OFS Issue Size (Amount) up to ₹9.64 Cr
Issue Size Total 32,29,000 shares 22,48,000 shares
Issue Size Total (Amount) up to ₹17.44 Cr up to ₹14.16 Cr

IPO Timetable

Polysil Irrigation Systems IPO opens on Feb 08, 2024, while Rudra Gas Enterprise IPO opens on Feb 08, 2024. The closing date of Polysil Irrigation Systems IPO and Rudra Gas Enterprise IPO is Feb 13, 2024, and Feb 12, 2024, respectively.

  Polysil Irrigation Systems IPO Rudra Gas Enterprise IPO
Anchor Bid Date
Issue Open Feb 08, 2024 Feb 08, 2024
Issue Close Feb 13, 2024 Feb 12, 2024
Basis Of Allotment (Tentative) Feb 14, 2024 Feb 13, 2024
Initiation of Refunds (Tentative) Feb 15, 2024 Feb 14, 2024
Credit of Share (Tentative) Feb 15, 2024 Feb 14, 2024
Listing date (Tentative) Feb 16, 2024 Feb 15, 2024
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials

Polysil Irrigation Systems IPO P/E ratio is 47.08, as compared to Rudra Gas Enterprise IPO P/E ratio of 10.9.

  Polysil Irrigation Systems IPO Rudra Gas Enterprise IPO
Financial

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 Ended31 Aug 202331 Mar 202331 Mar 202231 Mar 2021
Assets5,671.495,531.464,616.804,178.47
Revenue1,019.744,392.493,767.215,471.58
Profit After Tax110.31113.5333.7564.81
Net Worth1,646.021,535.711,372.061,338.31
Reserves and Surplus656.31546.001,326.561,292.82
Total Borrowing1,566.171,547.251,494.961,104.83
Amount in ₹ Lakhs

Rudra Gas Enterprise Limited Financial Information (Restated Standalone)

Rudra Gas Enterprise Limited's revenue increased by 12.76% and profit after tax (PAT) rose by 96.21% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Oct 202331 Mar 202331 Mar 202231 Mar 2021
Assets4,345.393,380.562,804.921,960.50
Revenue3,446.814,957.024,395.952,816.96
Profit After Tax247.41352.02179.41127.05
Net Worth1,149.10798.50446.48267.07
Reserves and Surplus540.10773.50421.48242.07
Total Borrowing1,990.151,738.341,379.981,008.22
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 33.79% 99.99%
Promoter Shareholding (Post-Issue) 29.49% 73.03%
P/E Ratio 47.08 10.9
Market Cap ₹61.24 Cr. ₹52.53 Cr.
ROE 7.39%% 57%%
ROCE 12.81%% 25%%
Debt/Equity 1.01 2.18
EPS ₹1.15 ₹5.78
RoNW 7.39%% 44.09%%

Shares Offered

In the Polysil Irrigation Systems IPO retail investors (RII) are offered 15,32,000 shares while in Rudra Gas Enterprise IPO retail investors are offered 15,32,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Polysil Irrigation Systems IPO and 0 shares in Rudra Gas Enterprise IPO.

  Polysil Irrigation Systems IPO Rudra Gas Enterprise IPO
Anchor Investor Reserveration
Market Maker Reserveration 1,64,000 shares 1,16,000 shares
QIB 0 shares 0 shares
NII 15,32,000 shares 10,66,000 shares
RII 15,32,000 shares 10,66,000 shares
Employee 0 shares 0 shares
Others
Total 30,64,000 shares 21,32,000 shares

Bids Received (Subscription)

Polysil Irrigation Systems IPO subscribed 6.88x in total, whereas Rudra Gas Enterprise IPO subscribed 350.75x.

  Polysil Irrigation Systems IPO Rudra Gas Enterprise IPO
QIB (times)
NII (times) 2.12x 286.62x
Big NII (times)
Small NII (times)
RII (times) 11.62x 404.38x
Employee (times)
Other (times)
Total (times) 6.88x 350.75x

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