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Shanti Spintex IPO vs Siyaram Recycling IPO

Comparision between Shanti Spintex IPO and Siyaram Recycling IPO.

IPO Details

Shanti Spintex IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Siyaram Recycling IPO is a SME Book Built Issue proposed to list at BSE SME.

  Shanti Spintex IPO Siyaram Recycling IPO
Logo Shanti Spintex IPO Logo Siyaram Recycling IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Book Built Issue Book Built Issue
Listing At BSE SME BSE SME
Lead Managers Hem Securities Limited Hem Securities Limited
Registrar Kfin Technologies Limited Cameo Corporate Services Limited
Market Maker Hem Finlease Private Limited Hem Finlease Private 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 Shanti Spintex IPO is up to ₹31.25 Cr whereas the issue size of the Siyaram Recycling IPO is up to ₹22.96 Cr. The final issue price of Shanti Spintex IPO is ₹70.00 per share and of Siyaram Recycling IPO is ₹46.00 per share.

  Shanti Spintex IPO Siyaram Recycling IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹66.00 per share ₹43.00 per share
Issue Price (Upper) ₹70.00 per share ₹46.00 per share
Issue Price (Final) ₹70.00 per share ₹46.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 2000 shares 3000 shares
Fresh Issue Size 26,88,000 shares 49,92,000 shares
Fresh Issue Size (Amount) up to ₹18.82 Cr up to ₹22.96 Cr
OFS Issue Size 17,76,000 shares
OFS Issue Size (Amount) up to ₹12.43 Cr
Issue Size Total 44,64,000 shares 49,92,000 shares
Issue Size Total (Amount) up to ₹31.25 Cr up to ₹22.96 Cr

IPO Timetable

Shanti Spintex IPO opens on Dec 19, 2023, while Siyaram Recycling IPO opens on Dec 14, 2023. The closing date of Shanti Spintex IPO and Siyaram Recycling IPO is Dec 21, 2023, and Dec 18, 2023, respectively.

  Shanti Spintex IPO Siyaram Recycling IPO
Anchor Bid Date
Issue Open Dec 19, 2023 Dec 14, 2023
Issue Close Dec 21, 2023 Dec 18, 2023
Basis Of Allotment (Tentative) Dec 22, 2023 Dec 19, 2023
Initiation of Refunds (Tentative) Dec 26, 2023 Dec 20, 2023
Credit of Share (Tentative) Dec 26, 2023 Dec 20, 2023
Listing date (Tentative) Dec 27, 2023 Dec 21, 2023
Anchor Lockin End date 1 Jan 21, 2024 Jan 18, 2024
Anchor Lockin End date 2 Mar 21, 2024 Mar 18, 2024

Financials

Shanti Spintex IPO P/E ratio is 9.82, as compared to Siyaram Recycling IPO P/E ratio of 8.3.

  Shanti Spintex IPO Siyaram Recycling IPO
Financial

Shanti Spintex Limited Financial Information (Restated)

Shanti Spintex Limited's revenue increased by 45.23% and profit after tax (PAT) rose by 108.14% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets17,457.3117,588.3313,631.3311,926.82
Revenue16,237.6337,071.2725,526.5111,293.73
Profit After Tax523.751,012.81486.59337.53
Net Worth6,122.315,603.934,622.734,136.14
Reserves and Surplus4,702.314,893.933,912.733,426.14
Total Borrowing3,474.454,177.664,868.644,278.83
Amount in ₹ Lakhs

Siyaram Recycling Industries Limited Financial Information (Restated)

Siyaram Recycling Industries Limited's revenue increased by 16.75% and profit after tax (PAT) rose by 137.36% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets15,136.319,851.359,823.59
Revenue49,786.2742,644.3413,972.93
Profit After Tax765.42322.47142.28
Net Worth4,642.123,876.713,554.23
Reserves and Surplus3,261.572,496.162,173.68
Total Borrowing6,706.952,821.022,931.72
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 87.49% 100%
Promoter Shareholding (Post-Issue) 73.57%
P/E Ratio 9.82 8.3
Market Cap ₹118.22 Cr. ₹86.47 Cr.
ROE 19.81%% 17.97%%
ROCE 10.12%% 13.42%%
Debt/Equity 0.75 1.44
EPS ₹7.13 ₹5.54
RoNW 18.07%% 16.49%%

Shares Offered

In the Shanti Spintex IPO retail investors (RII) are offered 14,84,000 shares while in Siyaram Recycling IPO retail investors are offered 14,84,000 shares. Qualified institutional buyers (QIB) are offered 8,48,000 shares in Shanti Spintex IPO and 9,48,000 shares in Siyaram Recycling IPO.

  Shanti Spintex IPO Siyaram Recycling IPO
Anchor Investor Reserveration 12,72,000 shares 14,22,000 shares
Market Maker Reserveration 2,24,000 shares 2,52,000 shares
QIB 8,48,000 shares 9,48,000 shares
NII 6,36,000 shares 7,11,000 shares
RII 14,84,000 shares 16,59,000 shares
Employee 0 shares 0 shares
Others
Total 29,68,000 shares 33,18,000 shares

Bids Received (Subscription)

Shanti Spintex IPO subscribed 27.38x in total, whereas Siyaram Recycling IPO subscribed 385.19x.

  Shanti Spintex IPO Siyaram Recycling IPO
QIB (times) 14.34x 96.43x
NII (times) 57.28x 597.72x
Big NII (times)
Small NII (times)
RII (times) 22.01x 459.11x
Employee (times)
Other (times)
Total (times) 27.38x 385.19x

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