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Shanti Spintex IPO vs Swashthik Plascon IPO

Comparision between Shanti Spintex IPO and Swashthik Plascon IPO.

IPO Details

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

  Shanti Spintex IPO Swashthik Plascon IPO
Logo Shanti Spintex IPO Logo Swashthik Plascon 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 Shreni Shares Limited
Registrar Kfin Technologies Limited Bigshare Services Pvt Ltd
Market Maker Hem Finlease Private Limited Nikunj Stock Brokers 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 Swashthik Plascon IPO is up to ₹40.76 Cr. The final issue price of Shanti Spintex IPO is ₹70.00 per share and of Swashthik Plascon IPO is ₹86.00 per share.

  Shanti Spintex IPO Swashthik Plascon IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹66.00 per share ₹80.00 per share
Issue Price (Upper) ₹70.00 per share ₹86.00 per share
Issue Price (Final) ₹70.00 per share ₹86.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 2000 shares 1600 shares
Fresh Issue Size 26,88,000 shares 47,39,200 shares
Fresh Issue Size (Amount) up to ₹18.82 Cr up to ₹40.76 Cr
OFS Issue Size 17,76,000 shares
OFS Issue Size (Amount) up to ₹12.43 Cr
Issue Size Total 44,64,000 shares 47,39,200 shares
Issue Size Total (Amount) up to ₹31.25 Cr up to ₹40.76 Cr

IPO Timetable

Shanti Spintex IPO opens on Dec 19, 2023, while Swashthik Plascon IPO opens on Nov 24, 2023. The closing date of Shanti Spintex IPO and Swashthik Plascon IPO is Dec 21, 2023, and Nov 29, 2023, respectively.

  Shanti Spintex IPO Swashthik Plascon IPO
Anchor Bid Date Nov 23, 2023
Issue Open Dec 19, 2023 Nov 24, 2023
Issue Close Dec 21, 2023 Nov 29, 2023
Basis Of Allotment (Tentative) Dec 22, 2023 Dec 04, 2023
Initiation of Refunds (Tentative) Dec 26, 2023 Dec 05, 2023
Credit of Share (Tentative) Dec 26, 2023 Dec 05, 2023
Listing date (Tentative) Dec 27, 2023 Dec 05, 2023
Anchor Lockin End date 1 Jan 21, 2024 Jan 03, 2024
Anchor Lockin End date 2 Mar 21, 2024 Mar 03, 2024

Financials

Shanti Spintex IPO P/E ratio is 9.82, as compared to Swashthik Plascon IPO P/E ratio of 17.23.

  Shanti Spintex IPO Swashthik Plascon 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

Swashthik Plascon Limited Financial Information (Restated Consolidated)

Period Ended30 Sep 202331 Mar 2023
Assets11,416.0911,076.25
Revenue6,973.654,589.10
Profit After Tax528.48302.19
Net Worth2,564.072,037.09
Reserves and Surplus1,281.59754.61
Total Borrowing6,231.665,879.54
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 87.49% 60.00%
Promoter Shareholding (Post-Issue) 73.57% 43.81%
P/E Ratio 9.82 17.23
Market Cap ₹118.22 Cr. ₹151.05 Cr.
ROE 19.81%% 22.78%%
ROCE 10.12%% 17.30%%
Debt/Equity 0.75 2.89
EPS ₹7.13 ₹4.99
RoNW 18.07%% 14.95%%

Shares Offered

In the Shanti Spintex IPO retail investors (RII) are offered 14,84,000 shares while in Swashthik Plascon IPO retail investors are offered 14,84,000 shares. Qualified institutional buyers (QIB) are offered 8,48,000 shares in Shanti Spintex IPO and 9,00,800 shares in Swashthik Plascon IPO.

  Shanti Spintex IPO Swashthik Plascon IPO
Anchor Investor Reserveration 12,72,000 shares 13,48,800 shares
Market Maker Reserveration 2,24,000 shares 2,38,400 shares
QIB 8,48,000 shares 9,00,800 shares
NII 6,36,000 shares 6,75,200 shares
RII 14,84,000 shares 15,76,000 shares
Employee 0 shares 0 shares
Others
Total 29,68,000 shares 31,52,000 shares

Bids Received (Subscription)

Shanti Spintex IPO subscribed 27.38x in total, whereas Swashthik Plascon IPO subscribed 15.43x.

  Shanti Spintex IPO Swashthik Plascon IPO
QIB (times) 14.34x 3.42x
NII (times) 57.28x 35.76x
Big NII (times)
Small NII (times)
RII (times) 22.01x 13.58x
Employee (times)
Other (times)
Total (times) 27.38x 15.43x

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