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Polysil Irrigation Systems IPO vs Thaai Casting IPO

Comparision between Polysil Irrigation Systems IPO and Thaai Casting IPO.

IPO Details

Polysil Irrigation Systems IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Thaai Casting IPO is a SME Book Built Issue proposed to list at NSE SME.

  Polysil Irrigation Systems IPO Thaai Casting IPO
Logo Polysil Irrigation Systems IPO Logo Thaai Casting IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Book Built Issue
Listing At NSE SME NSE SME
Lead Managers Fedex Securities Pvt Ltd GYR Capital Advisors Private Limited
Registrar Bigshare Services Pvt Ltd Purva Sharegistry India Pvt Ltd
Market Maker Market-Hub Stock Broking Private Limited Giriraj Stock Broking Private Limited
DRHP DRHP DRHP
RHP RHP RHP
Anchor Investor 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 Thaai Casting IPO is up to ₹47.20 Cr. The final issue price of Polysil Irrigation Systems IPO is ₹54.00 per share and of Thaai Casting IPO is ₹77.00 per share.

  Polysil Irrigation Systems IPO Thaai Casting IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹73.00 per share
Issue Price (Upper) ₹77.00 per share
Issue Price (Final) ₹54.00 per share ₹77.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 2000 shares 1600 shares
Fresh Issue Size 14,44,000 shares 61,29,600 shares
Fresh Issue Size (Amount) up to ₹7.80 Cr up to ₹47.20 Cr
OFS Issue Size 17,85,000 shares
OFS Issue Size (Amount) up to ₹9.64 Cr
Issue Size Total 32,29,000 shares 61,29,600 shares
Issue Size Total (Amount) up to ₹17.44 Cr up to ₹47.20 Cr

IPO Timetable

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

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

Financials

Polysil Irrigation Systems IPO P/E ratio is 47.08, as compared to Thaai Casting IPO P/E ratio of 25.99.

  Polysil Irrigation Systems IPO Thaai Casting 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

Thaai Casting Ltd Financial Information (Restated Standalone)

Thaai Casting Ltd's revenue increased by 27.84% and profit after tax (PAT) rose by 336.49% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Oct 202331 Mar 202331 Mar 202231 Mar 2021
Assets14,638.255,498.523,752.292,379.19
Revenue4,848.914,911.643,841.942,048.70
Profit After Tax860.93503.71115.4040.33
Net Worth4,116.941,617.31894.84473.46
Reserves and Surplus620.78
Total Borrowing7,830.032,985.102,351.151,313.51
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 33.79% 86.50%
Promoter Shareholding (Post-Issue) 29.49%
P/E Ratio 47.08 25.99
Market Cap ₹61.24 Cr. ₹178.10 Cr.
ROE 7.39%%
ROCE 12.81%% 13%%
Debt/Equity 1.01 1.85
EPS ₹1.15 ₹2.96
RoNW 7.39%% 40.10%%

Shares Offered

In the Polysil Irrigation Systems IPO retail investors (RII) are offered 15,32,000 shares while in Thaai Casting IPO retail investors are offered 15,32,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Polysil Irrigation Systems IPO and 11,56,800 shares in Thaai Casting IPO.

  Polysil Irrigation Systems IPO Thaai Casting IPO
Anchor Investor Reserveration 17,34,400 shares
Market Maker Reserveration 1,64,000 shares 3,47,200 shares
QIB 0 shares 11,56,800 shares
NII 15,32,000 shares 8,67,200 shares
RII 15,32,000 shares 20,24,000 shares
Employee 0 shares 0 shares
Others
Total 30,64,000 shares 40,48,000 shares

Bids Received (Subscription)

Polysil Irrigation Systems IPO subscribed 6.88x in total, whereas Thaai Casting IPO subscribed 375.43x.

  Polysil Irrigation Systems IPO Thaai Casting IPO
QIB (times) 144.43x
NII (times) 2.12x 729.72x
Big NII (times)
Small NII (times)
RII (times) 11.62x 355.66x
Employee (times)
Other (times)
Total (times) 6.88x 375.43x

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