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Piotex Industries IPO vs Premier Roadlines IPO

Comparision between Piotex Industries IPO and Premier Roadlines IPO.

IPO Details

Piotex Industries IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Premier Roadlines IPO is a SME Book Built Issue proposed to list at NSE SME.

  Piotex Industries IPO Premier Roadlines IPO
Logo Piotex Industries IPO Logo Premier Roadlines IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Book Built Issue
Listing At BSE SME NSE SME
Lead Managers Beeline Capital Advisors Pvt Ltd Hem Securities Limited
Registrar Cameo Corporate Services Limited Maashitla Securities Private Limited
Market Maker Spread X Securities Private Limited Hem Finlease 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 Piotex Industries IPO is up to ₹14.47 Cr whereas the issue size of the Premier Roadlines IPO is up to ₹40.36 Cr. The final issue price of Piotex Industries IPO is ₹94.00 per share and of Premier Roadlines IPO is ₹67.00 per share.

  Piotex Industries IPO Premier Roadlines IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹63.00 per share
Issue Price (Upper) ₹67.00 per share
Issue Price (Final) ₹94.00 per share ₹67.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 1200 shares 2000 shares
Fresh Issue Size 15,39,600 shares 60,24,000 shares
Fresh Issue Size (Amount) up to ₹14.47 Cr up to ₹40.36 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 15,39,600 shares 60,24,000 shares
Issue Size Total (Amount) up to ₹14.47 Cr up to ₹40.36 Cr

IPO Timetable

Piotex Industries IPO opens on May 10, 2024, while Premier Roadlines IPO opens on May 10, 2024. The closing date of Piotex Industries IPO and Premier Roadlines IPO is May 14, 2024, and May 14, 2024, respectively.

  Piotex Industries IPO Premier Roadlines IPO
Anchor Bid Date May 09, 2024
Issue Open May 10, 2024 May 10, 2024
Issue Close May 14, 2024 May 14, 2024
Basis Of Allotment (Tentative) May 15, 2024 May 15, 2024
Initiation of Refunds (Tentative) May 16, 2024 May 16, 2024
Credit of Share (Tentative) May 16, 2024 May 16, 2024
Listing date (Tentative) May 17, 2024 May 17, 2024
Anchor Lockin End date 1 Jun 14, 2024
Anchor Lockin End date 2 Aug 13, 2024

Financials

Piotex Industries IPO P/E ratio is 11.14, as compared to Premier Roadlines IPO P/E ratio of 15.7.

  Piotex Industries IPO Premier Roadlines IPO
Financial

Piotex Industries Limited Financial Information (Restated)

Piotex Industries Limited's revenue increased by 37.23% and profit after tax (PAT) rose by 4.17% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets3,610.591,757.681,385.47
Revenue11,893.888,667.218,046.39
Profit After Tax300.80288.7574.29
Net Worth897.18440.07151.32
Reserves and Surplus582.47425.07136.32
Total Borrowing445.94372.30528.58
Amount in ₹ Lakhs

Premier Roadlines Limited Financial Information (Restated Standalone)

Period Ended31 Jan 202431 Mar 202331 Mar 202231 Mar 2021
Assets8,699.127,410.765,144.624,578.82
Revenue17,420.7119,205.6013,868.819,415.78
Profit After Tax874.67718.50388.60155.39
Net Worth3,577.832,703.171,984.671,596.07
Reserves and Surplus1,893.982,550.091,831.591,442.99
Total Borrowing3,707.933,677.262,354.822,379.01
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 100.00% 100.00%
Promoter Shareholding (Post-Issue) 69.83% 73.65%
P/E Ratio 11.14 15.7
Market Cap ₹47.97 Cr. ₹153.18 Cr.
ROE 44.99%% 27.85%%
ROCE 33.20%% 20.05%%
Debt/Equity 0.5 1.04
EPS ₹8.44 ₹4.27
RoNW 33.53%% 24.45%%

Shares Offered

In the Piotex Industries IPO retail investors (RII) are offered 7,30,800 shares while in Premier Roadlines IPO retail investors are offered 7,30,800 shares. Qualified institutional buyers (QIB) are offered 0 shares in Piotex Industries IPO and 11,44,000 shares in Premier Roadlines IPO.

  Piotex Industries IPO Premier Roadlines IPO
Anchor Investor Reserveration 17,14,000 shares
Market Maker Reserveration 78,000 shares 3,04,000 shares
QIB 0 shares 11,44,000 shares
NII 7,30,800 shares 8,58,000 shares
RII 7,30,800 shares 20,04,000 shares
Employee 0 shares 0 shares
Others
Total 14,61,600 shares 40,06,000 shares

Bids Received (Subscription)

Piotex Industries IPO subscribed 107.44x in total, whereas Premier Roadlines IPO subscribed 117.57x.

  Piotex Industries IPO Premier Roadlines IPO
QIB (times) 89.95x
NII (times) 115.21x 180.25x
Big NII (times)
Small NII (times)
RII (times) 93.33x 106.50x
Employee (times)
Other (times)
Total (times) 107.44x 117.57x

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