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Polysil Irrigation Systems IPO vs Trust Fintech IPO

Comparision between Polysil Irrigation Systems IPO and Trust Fintech IPO.

IPO Details

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

  Polysil Irrigation Systems IPO Trust Fintech IPO
Logo Polysil Irrigation Systems IPO Logo Trust Fintech 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 Corporate Capitalventures Pvt Ltd
Registrar Bigshare Services Pvt Ltd Bigshare Services Pvt Ltd
Market Maker Market-Hub Stock Broking Private Limited Ss Corporate Securities 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 Trust Fintech IPO is up to ₹63.45 Cr. The final issue price of Polysil Irrigation Systems IPO is ₹54.00 per share and of Trust Fintech IPO is ₹101.00 per share.

  Polysil Irrigation Systems IPO Trust Fintech IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹95.00 per share
Issue Price (Upper) ₹101.00 per share
Issue Price (Final) ₹54.00 per share ₹101.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 2000 shares 1200 shares
Fresh Issue Size 14,44,000 shares 62,82,000 shares
Fresh Issue Size (Amount) up to ₹7.80 Cr up to ₹63.45 Cr
OFS Issue Size 17,85,000 shares
OFS Issue Size (Amount) up to ₹9.64 Cr
Issue Size Total 32,29,000 shares 62,82,000 shares
Issue Size Total (Amount) up to ₹17.44 Cr up to ₹63.45 Cr

IPO Timetable

Polysil Irrigation Systems IPO opens on Feb 08, 2024, while Trust Fintech IPO opens on Mar 26, 2024. The closing date of Polysil Irrigation Systems IPO and Trust Fintech IPO is Feb 13, 2024, and Mar 28, 2024, respectively.

  Polysil Irrigation Systems IPO Trust Fintech IPO
Anchor Bid Date Mar 22, 2024
Issue Open Feb 08, 2024 Mar 26, 2024
Issue Close Feb 13, 2024 Mar 28, 2024
Basis Of Allotment (Tentative) Feb 14, 2024 Apr 02, 2024
Initiation of Refunds (Tentative) Feb 15, 2024 Apr 03, 2024
Credit of Share (Tentative) Feb 15, 2024 Apr 03, 2024
Listing date (Tentative) Feb 16, 2024 Apr 04, 2024
Anchor Lockin End date 1 May 02, 2024
Anchor Lockin End date 2 Jul 01, 2024

Financials

Polysil Irrigation Systems IPO P/E ratio is 47.08, as compared to Trust Fintech IPO P/E ratio of 44.05.

  Polysil Irrigation Systems IPO Trust Fintech 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

Trust Fintech Limited Financial Information (Restated Standalone)

Trust Fintech Limited's revenue increased by 26.12% and profit after tax (PAT) rose by 200.92% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets3,989.433,118.891,958.721,590.01
Revenue1,883.132,270.191,800.002,417.94
Profit After Tax727.95402.21133.66219.66
Net Worth3,446.552,718.601,516.391,382.73
Reserves and Surplus2,928.062,200.11997.90864.25
Total Borrowing-34.32-3.80118.69-44.34
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 33.79% 93.51%
Promoter Shareholding (Post-Issue) 29.49% 68.85%
P/E Ratio 47.08 44.05
Market Cap ₹61.24 Cr. ₹240.63 Cr.
ROE 7.39%% 23.61%%
ROCE 12.81%% 28.54%%
Debt/Equity 1.01
EPS ₹1.15 ₹2.29
RoNW 7.39%% 27.51%%

Shares Offered

In the Polysil Irrigation Systems IPO retail investors (RII) are offered 15,32,000 shares while in Trust Fintech IPO retail investors are offered 15,32,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Polysil Irrigation Systems IPO and 11,92,800 shares in Trust Fintech IPO.

  Polysil Irrigation Systems IPO Trust Fintech IPO
Anchor Investor Reserveration 17,88,000 shares
Market Maker Reserveration 1,64,000 shares 3,18,000 shares
QIB 0 shares 11,92,800 shares
NII 15,32,000 shares 8,95,200 shares
RII 15,32,000 shares 20,88,000 shares
Employee 0 shares 0 shares
Others
Total 30,64,000 shares 41,76,000 shares

Bids Received (Subscription)

Polysil Irrigation Systems IPO subscribed 6.88x in total, whereas Trust Fintech IPO subscribed 108.63x.

  Polysil Irrigation Systems IPO Trust Fintech IPO
QIB (times) 65.38x
NII (times) 2.12x 244.48x
Big NII (times)
Small NII (times)
RII (times) 11.62x 75.10x
Employee (times)
Other (times)
Total (times) 6.88x 108.63x

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