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Piotex Industries IPO vs Rulka Electricals IPO

Comparision between Piotex Industries IPO and Rulka Electricals IPO.

IPO Details

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

  Piotex Industries IPO Rulka Electricals IPO
Logo Piotex Industries IPO Logo Rulka Electricals 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 Beeline Capital Advisors Pvt Ltd
Registrar Cameo Corporate Services Limited Bigshare Services Pvt Ltd
Market Maker Spread X Securities Private Limited Sunflower 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 Piotex Industries IPO is up to ₹14.47 Cr whereas the issue size of the Rulka Electricals IPO is up to ₹26.40 Cr. The final issue price of Piotex Industries IPO is ₹94.00 per share and of Rulka Electricals IPO is ₹235.00 per share.

  Piotex Industries IPO Rulka Electricals IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹223.00 per share
Issue Price (Upper) ₹235.00 per share
Issue Price (Final) ₹94.00 per share ₹235.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 1200 shares 600 shares
Fresh Issue Size 15,39,600 shares 8,42,400 shares
Fresh Issue Size (Amount) up to ₹14.47 Cr up to ₹19.80 Cr
OFS Issue Size 2,80,800 shares
OFS Issue Size (Amount) up to ₹6.60 Cr
Issue Size Total 15,39,600 shares 11,23,200 shares
Issue Size Total (Amount) up to ₹14.47 Cr up to ₹26.40 Cr

IPO Timetable

Piotex Industries IPO opens on May 10, 2024, while Rulka Electricals IPO opens on May 16, 2024. The closing date of Piotex Industries IPO and Rulka Electricals IPO is May 14, 2024, and May 21, 2024, respectively.

  Piotex Industries IPO Rulka Electricals IPO
Anchor Bid Date May 15, 2024
Issue Open May 10, 2024 May 16, 2024
Issue Close May 14, 2024 May 21, 2024
Basis Of Allotment (Tentative) May 15, 2024 May 22, 2024
Initiation of Refunds (Tentative) May 16, 2024 May 23, 2024
Credit of Share (Tentative) May 16, 2024 May 23, 2024
Listing date (Tentative) May 17, 2024 May 24, 2024
Anchor Lockin End date 1 Jun 21, 2024
Anchor Lockin End date 2 Aug 20, 2024

Financials

Piotex Industries IPO P/E ratio is 11.14, as compared to Rulka Electricals IPO P/E ratio of 28.62.

  Piotex Industries IPO Rulka Electricals 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

Rulka Electricals Limited Financial Information (Restated Standalone)

Period Ended29 Feb 202431 Mar 202331 Mar 202231 Mar 2021
Assets4,082.092,826.951,919.04982.41
Revenue6,527.774,689.783,627.411,960.11
Profit After Tax565.77280.52112.0853.72
Net Worth1,290.15557.33276.82164.74
Reserves and Surplus948.55546.33265.82153.74
Total Borrowing1,104.89527.07281.46230.99
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 100.00% 86.28%
Promoter Shareholding (Post-Issue) 69.83% 69.22%
P/E Ratio 11.14 28.62
Market Cap ₹47.97 Cr. ₹100.07 Cr.
ROE 44.99%% 61.25%%
ROCE 33.20%% 33.67%%
Debt/Equity 0.5 2.16
EPS ₹8.44 ₹8.21
RoNW 33.53%% 43.85%%

Shares Offered

In the Piotex Industries IPO retail investors (RII) are offered 7,30,800 shares while in Rulka Electricals IPO retail investors are offered 7,30,800 shares. Qualified institutional buyers (QIB) are offered 0 shares in Piotex Industries IPO and 2,13,600 shares in Rulka Electricals IPO.

  Piotex Industries IPO Rulka Electricals IPO
Anchor Investor Reserveration 3,19,200 shares
Market Maker Reserveration 78,000 shares 56,400 shares
QIB 0 shares 2,13,600 shares
NII 7,30,800 shares 1,60,200 shares
RII 7,30,800 shares 3,73,800 shares
Employee 0 shares 0 shares
Others
Total 14,61,600 shares 7,47,600 shares

Bids Received (Subscription)

Piotex Industries IPO subscribed 107.44x in total, whereas Rulka Electricals IPO subscribed 676.83x.

  Piotex Industries IPO Rulka Electricals IPO
QIB (times) 204.22x
NII (times) 115.21x 1,350.15x
Big NII (times)
Small NII (times)
RII (times) 93.33x 658.32x
Employee (times)
Other (times)
Total (times) 107.44x 676.83x

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