FREE Account Opening + No Clearing Fees
Loading...

Electro Force India IPO vs Siyaram Recycling IPO

Comparision between Electro Force India IPO and Siyaram Recycling IPO.

IPO Details

Electro Force India IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Siyaram Recycling IPO is a SME Book Built Issue proposed to list at BSE SME.

  Electro Force India IPO Siyaram Recycling IPO
Logo Electro Force India IPO Logo Siyaram Recycling IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Book Built Issue
Listing At NSE SME BSE SME
Lead Managers First Overseas Capital Limited Hem Securities Limited
Registrar Skyline Financial Services Private Ltd Cameo Corporate Services Limited
Market Maker Arham Shares Private Limited Hem Finlease 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 Electro Force India IPO is up to ₹80.68 Cr whereas the issue size of the Siyaram Recycling IPO is up to ₹22.96 Cr. The final issue price of Electro Force India IPO is ₹93.00 per share and of Siyaram Recycling IPO is ₹46.00 per share.

  Electro Force India IPO Siyaram Recycling IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹43.00 per share
Issue Price (Upper) ₹46.00 per share
Issue Price (Final) ₹93.00 per share ₹46.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 1200 shares 3000 shares
Fresh Issue Size 60,00,000 shares 49,92,000 shares
Fresh Issue Size (Amount) up to ₹55.80 Cr up to ₹22.96 Cr
OFS Issue Size 26,74,800 shares
OFS Issue Size (Amount) up to ₹24.88 Cr
Issue Size Total 86,74,800 shares 49,92,000 shares
Issue Size Total (Amount) up to ₹80.68 Cr up to ₹22.96 Cr

IPO Timetable

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

  Electro Force India 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

Electro Force India IPO P/E ratio is 20.22, as compared to Siyaram Recycling IPO P/E ratio of 8.3.

  Electro Force India IPO Siyaram Recycling IPO
Financial

Electro Force (India) Limited Financial Information (Restated)

Electro Force (India) Limited's revenue decreased by -12.04% and profit after tax (PAT) dropped by -7.48% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets7,827.007,231.514,783.371,719.96
Revenue2,314.193,028.813,443.551,587.13
Profit After Tax711.08799.60864.26-223.69
Net Worth2,546.411,835.331,035.73171.47
Reserves and Surplus806.4195.33535.73-328.53
Total Borrowing
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) 100.00% 100%
Promoter Shareholding (Post-Issue) 62.93%
P/E Ratio 20.22 8.3
Market Cap ₹217.62 Cr. ₹86.47 Cr.
ROE 43.57%% 17.97%%
ROCE 58.23%% 13.42%%
Debt/Equity 1.44
EPS ₹4.60 ₹5.54
RoNW 43.57%% 16.49%%

Shares Offered

In the Electro Force India IPO retail investors (RII) are offered 41,19,600 shares while in Siyaram Recycling IPO retail investors are offered 41,19,600 shares. Qualified institutional buyers (QIB) are offered 0 shares in Electro Force India IPO and 9,48,000 shares in Siyaram Recycling IPO.

  Electro Force India IPO Siyaram Recycling IPO
Anchor Investor Reserveration 14,22,000 shares
Market Maker Reserveration 4,35,600 shares 2,52,000 shares
QIB 0 shares 9,48,000 shares
NII 41,19,600 shares 7,11,000 shares
RII 41,19,600 shares 16,59,000 shares
Employee 0 shares 0 shares
Others
Total 82,39,200 shares 33,18,000 shares

Bids Received (Subscription)

Electro Force India IPO subscribed 4.28x in total, whereas Siyaram Recycling IPO subscribed 385.19x.

  Electro Force India IPO Siyaram Recycling IPO
QIB (times) 96.43x
NII (times) 2.12x 597.72x
Big NII (times)
Small NII (times)
RII (times) 6.44x 459.11x
Employee (times)
Other (times)
Total (times) 4.28x 385.19x

Comments

Add a public comment...