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
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 Ended	31 Aug 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	5,671.49	5,531.46	4,616.80	4,178.47
Revenue	1,019.74	4,392.49	3,767.21	5,471.58
Profit After Tax	110.31	113.53	33.75	64.81
Net Worth	1,646.02	1,535.71	1,372.06	1,338.31
Reserves and Surplus	656.31	546.00	1,326.56	1,292.82
Total Borrowing	1,566.17	1,547.25	1,494.96	1,104.83
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 Ended	31 Oct 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	4,345.39	3,380.56	2,804.92	1,960.50
Revenue	3,446.81	4,957.02	4,395.95	2,816.96
Profit After Tax	247.41	352.02	179.41	127.05
Net Worth	1,149.10	798.50	446.48	267.07
Reserves and Surplus	540.10	773.50	421.48	242.07
Total Borrowing	1,990.15	1,738.34	1,379.98	1,008.22
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

Compare with others

Polysil Irrigation Systems IPO	Rudra Gas Enterprise IPO
Trust Fintech IPO	Interiors and More IPO
Interiors and More IPO	Atmastco IPO
Atmastco IPO	Thaai Casting IPO
Thaai Casting IPO	Kalahridhaan Trendz IPO
Kalahridhaan Trendz IPO	Polysil Irrigation Systems IPO
Rudra Gas Enterprise IPO	WTI Cabs IPO
WTI Cabs IPO	Alpex Solar IPO
Alpex Solar IPO	Italian Edibles IPO
Italian Edibles IPO	Gabriel Pet Straps IPO
Gabriel Pet Straps IPO	Mayank Cattle Food IPO

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