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Premier Roadlines IPO vs Refractory Shapes IPO

Comparision between Premier Roadlines IPO and Refractory Shapes IPO.

IPO Details

Premier Roadlines IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Refractory Shapes IPO is a SME Book Built Issue proposed to list at NSE SME.

  Premier Roadlines IPO Refractory Shapes IPO
Logo Premier Roadlines IPO Logo Refractory Shapes IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Book Built Issue Book Built Issue
Listing At NSE SME NSE SME
Lead Managers Hem Securities Limited Shreni Shares Limited
Registrar Maashitla Securities Private Limited Bigshare Services Pvt Ltd
Market Maker Hem Finlease Private Limited Shreni Shares Limited
DRHP DRHP DRHP
RHP RHP RHP
Anchor Investor Anchor Investor Anchor Investor
IPO Allotment URL IPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Premier Roadlines IPO is up to ₹40.36 Cr whereas the issue size of the Refractory Shapes IPO is up to ₹18.60 Cr. The final issue price of Premier Roadlines IPO is ₹67.00 per share and of Refractory Shapes IPO is ₹31.00 per share.

  Premier Roadlines IPO Refractory Shapes IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹63.00 per share ₹27.00 per share
Issue Price (Upper) ₹67.00 per share ₹31.00 per share
Issue Price (Final) ₹67.00 per share ₹31.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 2000 shares 4000 shares
Fresh Issue Size 60,24,000 shares 60,00,000 shares
Fresh Issue Size (Amount) up to ₹40.36 Cr up to ₹18.60 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 60,24,000 shares 60,00,000 shares
Issue Size Total (Amount) up to ₹40.36 Cr up to ₹18.60 Cr

IPO Timetable

Premier Roadlines IPO opens on May 10, 2024, while Refractory Shapes IPO opens on May 06, 2024. The closing date of Premier Roadlines IPO and Refractory Shapes IPO is May 14, 2024, and May 09, 2024, respectively.

  Premier Roadlines IPO Refractory Shapes IPO
Anchor Bid Date May 09, 2024 May 03, 2024
Issue Open May 10, 2024 May 06, 2024
Issue Close May 14, 2024 May 09, 2024
Basis Of Allotment (Tentative) May 15, 2024 May 10, 2024
Initiation of Refunds (Tentative) May 16, 2024 May 13, 2024
Credit of Share (Tentative) May 16, 2024 May 13, 2024
Listing date (Tentative) May 17, 2024 May 14, 2024
Anchor Lockin End date 1 Jun 14, 2024 Jun 09, 2024
Anchor Lockin End date 2 Aug 13, 2024 Aug 08, 2024

Financials

Premier Roadlines IPO P/E ratio is 15.7, as compared to Refractory Shapes IPO P/E ratio of 25.55.

  Premier Roadlines IPO Refractory Shapes IPO
Financial

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

Refractory Shapes Limited Financial Information (Restated)

Refractory Shapes Limited's revenue increased by 47.7% and profit after tax (PAT) dropped by -33.2% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets5,289.905,003.813,684.822,723.72
Revenue2,999.043,872.232,621.672,179.67
Profit After Tax307.94191.74287.04156.39
Net Worth396.581,668.641,476.901,189.86
Reserves and Surplus396.581,658.641,466.901,179.86
Total Borrowing2,341.802,048.631,570.121,234.18
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 100.00% 100.00%
Promoter Shareholding (Post-Issue) 73.65% 72.48%
P/E Ratio 15.7 25.55
Market Cap ₹153.18 Cr. ₹67.58 Cr.
ROE 27.85%% 15.58%%
ROCE 20.05%% 9.79%%
Debt/Equity 1.04 1.18
EPS ₹4.27 ₹1.21
RoNW 24.45%% 15.58%%

Shares Offered

In the Premier Roadlines IPO retail investors (RII) are offered 20,04,000 shares while in Refractory Shapes IPO retail investors are offered 20,04,000 shares. Qualified institutional buyers (QIB) are offered 11,44,000 shares in Premier Roadlines IPO and 11,44,000 shares in Refractory Shapes IPO.

  Premier Roadlines IPO Refractory Shapes IPO
Anchor Investor Reserveration 17,14,000 shares 17,00,000 shares
Market Maker Reserveration 3,04,000 shares 3,04,000 shares
QIB 11,44,000 shares 11,44,000 shares
NII 8,58,000 shares 8,56,000 shares
RII 20,04,000 shares 19,96,000 shares
Employee 0 shares 0 shares
Others
Total 40,06,000 shares 39,96,000 shares

Bids Received (Subscription)

Premier Roadlines IPO subscribed 117.57x in total, whereas Refractory Shapes IPO subscribed 255.08x.

  Premier Roadlines IPO Refractory Shapes IPO
QIB (times) 89.95x 90.59x
NII (times) 180.25x 464.43x
Big NII (times)
Small NII (times)
RII (times) 106.50x 259.56x
Employee (times)
Other (times)
Total (times) 117.57x 255.08x

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