SRM Contractors IPO vs TBO Tek IPO

Comparision between SRM Contractors IPO and TBO Tek IPO.

IPO Details

SRM Contractors IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while TBO Tek IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	SRM Contractors IPO	TBO Tek IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Interactive Financial Services Ltd	Axis Capital Limited Jefferies India Private Limited Goldman Sachs (India) Securities Private Limited Jm Financial Limited
Registrar	Bigshare Services Pvt Ltd	Kfin Technologies Limited
Market Maker
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 SRM Contractors IPO is up to ₹130.20 Cr whereas the issue size of the TBO Tek IPO is up to ₹1,550.81 Cr. The final issue price of SRM Contractors IPO is ₹210.00 per share and of TBO Tek IPO is ₹920.00 per share.

	SRM Contractors IPO	TBO Tek IPO
Face Value	₹10 per share	₹1 per share
Issue Price (Lower)	₹200.00 per share	₹875.00 per share
Issue Price (Upper)	₹210.00 per share	₹920.00 per share
Issue Price (Final)	₹210.00 per share	₹920.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	70 shares	16 shares
Fresh Issue Size	62,00,000 shares	43,47,826 shares
Fresh Issue Size (Amount)	up to ₹130.20 Cr	up to ₹400.00 Cr
OFS Issue Size		1,25,08,797 shares
OFS Issue Size (Amount)		up to ₹1,150.81 Cr
Issue Size Total	62,00,000 shares	1,68,56,623 shares
Issue Size Total (Amount)	up to ₹130.20 Cr	up to ₹1,550.81 Cr

IPO Timetable

SRM Contractors IPO opens on Mar 26, 2024, while TBO Tek IPO opens on May 08, 2024. The closing date of SRM Contractors IPO and TBO Tek IPO is Mar 28, 2024, and May 10, 2024, respectively.

	SRM Contractors IPO	TBO Tek IPO
Anchor Bid Date	Mar 22, 2024	May 07, 2024
Issue Open	Mar 26, 2024	May 08, 2024
Issue Close	Mar 28, 2024	May 10, 2024
Basis Of Allotment (Tentative)	Apr 01, 2024	May 13, 2024
Initiation of Refunds (Tentative)	Apr 02, 2024	May 14, 2024
Credit of Share (Tentative)	Apr 02, 2024	May 14, 2024
Listing date (Tentative)	Apr 03, 2024	May 15, 2024
Anchor Lockin End date 1	May 01, 2024	Jun 12, 2024
Anchor Lockin End date 2	Jun 30, 2024	Aug 11, 2024

Financials

SRM Contractors IPO P/E ratio is 18.76, as compared to TBO Tek IPO P/E ratio of 64.58.

SRM Contractors IPO

TBO Tek IPO

Financial

SRM Contractors Limited Financial Information (Restated Consolidated)

SRM Contractors Limited's revenue increased by 13.24% and profit after tax (PAT) rose by 6.71% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	168.87	137.36	120.22	112.47
Revenue	242.28	300.65	265.51	161.95
Profit After Tax	21.07	18.75	17.57	8.27
Net Worth	37.24	63.16	44.41	26.85
Reserves and Surplus	67.48	46.41	42.89	25.32
Total Borrowing	42.32	47.16	31.52	31.96
Amount in ₹ Crore

TBO Tek Limited Financial Information (Restated Consolidated)

TBO Tek Limited's revenue increased by 112.09% and profit after tax (PAT) rose by 340.4% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	3,754.05	2,557.93	1,271.43	576.16
Revenue	1,039.56	1,085.77	511.93	176.55
Profit After Tax	154.18	148.49	33.72	-34.14
Net Worth	501.21	337.19	231.90	204.07
Reserves and Surplus	478.43	317.57	214.08	197.58
Total Borrowing	2.93	6.36	2.69
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

99.92%

51.26%

Promoter Shareholding (Post-Issue)

72.92%

P/E Ratio

18.76

64.58

Market Cap

₹481.83 Cr.

₹9990.08 Cr.

ROE

ROCE

29.43%%

Debt/Equity

0.5

EPS

₹11.20

₹14.25

RoNW

25.02%%

30.76%

Shares Offered

In the SRM Contractors IPO retail investors (RII) are offered 21,70,000 shares while in TBO Tek IPO retail investors are offered 21,70,000 shares. Qualified institutional buyers (QIB) are offered 12,40,100 shares in SRM Contractors IPO and 50,47,204 shares in TBO Tek IPO.

	SRM Contractors IPO	TBO Tek IPO
Anchor Investor Reserveration	18,59,900 shares	75,70,807 shares
Market Maker Reserveration
QIB	12,40,100 shares	50,47,204 shares
NII	9,30,000 shares	25,23,602 shares
RII	21,70,000 shares	16,82,401 shares
Employee	0 shares	32,609 shares
Others
Total	43,40,100 shares	92,85,816 shares

Bids Received (Subscription)

SRM Contractors IPO subscribed 86.57x in total, whereas TBO Tek IPO subscribed 86.69x.

	SRM Contractors IPO	TBO Tek IPO
QIB (times)	59.59x	125.51x
NII (times)	214.94x	50.60x
Big NII (times)	220.57x	55.82x
Small NII (times)	203.67x	40.15x
RII (times)	46.97x	25.72x
Employee (times)		17.81x
Other (times)
Total (times)	86.57x	86.69x

Compare with others

SRM Contractors IPO	TBO Tek IPO
TBO Tek IPO	Awfis Space Solutions IPO
Indegene IPO	Go Digit IPO
JNK India IPO	Aadhar Housing Finance IPO
VI FPO	Indegene IPO
Bharti Hexacom IPO	JNK India IPO
Popular Vehicles & Services IPO	VI FPO
Gopal Namkeen IPO	Bharti Hexacom IPO
Krystal Integrated Services IPO	SRM Contractors IPO
JG Chemicals IPO
Bharat Highways InvIT

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