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Organic Recycling Systems IPO vs Sunita Tools IPO

Comparision between Organic Recycling Systems IPO and Sunita Tools IPO.

IPO Details

Organic Recycling Systems IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Sunita Tools IPO is a SME Fixed Price Issue proposed to list at BSE SME.

  Organic Recycling Systems IPO Sunita Tools IPO
Logo Organic Recycling Systems IPO Logo Sunita Tools IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Fixed Price Issue
Listing At BSE SME BSE SME
Lead Managers Arihant Capital Markets Ltd Aryaman Financial Services Limited
Registrar Maashitla Securities Private Limited Kfin Technologies Limited
Market Maker Arihant Capital Markets Limited Ss Corporate Securities Limited
DRHP DRHP DRHP
RHP RHP RHP
Anchor Investor
IPO Allotment URL IPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Organic Recycling Systems IPO is up to ₹50.00 Cr whereas the issue size of the Sunita Tools IPO is up to ₹22.04 Cr. The final issue price of Organic Recycling Systems IPO is ₹200.00 per share and of Sunita Tools IPO is ₹145.00 per share.

  Organic Recycling Systems IPO Sunita Tools IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final) ₹200.00 per share ₹145.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 600 shares 1000 shares
Fresh Issue Size 25,00,200 shares 13,20,000 shares
Fresh Issue Size (Amount) up to ₹50.00 Cr up to ₹19.14 Cr
OFS Issue Size 2,00,000 shares
OFS Issue Size (Amount) up to ₹2.90 Cr
Issue Size Total 25,00,200 shares 15,20,000 shares
Issue Size Total (Amount) up to ₹50.00 Cr up to ₹22.04 Cr

IPO Timetable

Organic Recycling Systems IPO opens on Sep 21, 2023, while Sunita Tools IPO opens on Sep 26, 2023. The closing date of Organic Recycling Systems IPO and Sunita Tools IPO is Sep 26, 2023, and Oct 03, 2023, respectively.

  Organic Recycling Systems IPO Sunita Tools IPO
Anchor Bid Date
Issue Open Sep 21, 2023 Sep 26, 2023
Issue Close Sep 26, 2023 Oct 03, 2023
Basis Of Allotment (Tentative) Sep 29, 2023 Oct 04, 2023
Initiation of Refunds (Tentative) Oct 03, 2023 Oct 05, 2023
Credit of Share (Tentative) Oct 04, 2023 Oct 06, 2023
Listing date (Tentative) Oct 06, 2023 Oct 11, 2023
Anchor Lockin End date 1 Oct 29, 2023 Nov 03, 2023
Anchor Lockin End date 2 Dec 28, 2023 Jan 02, 2024

Financials

Organic Recycling Systems IPO P/E ratio is 25.54, as compared to Sunita Tools IPO P/E ratio of 16.88.

  Organic Recycling Systems IPO Sunita Tools IPO
Financial
Organic Recycling Systems IPO Financial Information (Restated Consolidated)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets10,272.6910,669.3511,931.10
Revenue1,578.181,756.672,534.10
Profit After Tax-449.37-535.03365.38
Net Worth1,343.88808.862,550.07
Reserves and Surplus1,298.11763.082,014.40
Total Borrowing5,449.895,418.386,981.41
Amount in ₹ Lakhs
Sunita Tools IPO Financial Information (Restated)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets1,351.821,422.662,537.71
Revenue691.50888.881,417.33
Profit After Tax26.6680.99337.71
Net Worth-348.02-267.02320.69
Reserves and Surplus-528.52-447.52-109.81
Total Borrowing1,334.631,249.161,659.96
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 30.14% 100.00%
Promoter Shareholding (Post-Issue) 20.35% 72.97%
P/E Ratio 25.54 16.88
Market Cap ₹153.99 Cr. ₹81.56 Cr.
ROE 21.76%% 12.59%
ROCE 13.06%% 0.38%
Debt/Equity 2.7 5.17
EPS ₹7.83 ₹13.96
RoNW 14.33%% 105.31%%

Shares Offered

In the Organic Recycling Systems IPO retail investors (RII) are offered 11,85,000 shares while in Sunita Tools IPO retail investors are offered 11,85,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Organic Recycling Systems IPO and 0 shares in Sunita Tools IPO.

  Organic Recycling Systems IPO Sunita Tools IPO
Anchor Investor Reserveration
Market Maker Reserveration 1,30,200 shares 78,000 shares
QIB 0 shares 0 shares
NII 11,85,000 shares 7,21,000 shares
RII 11,85,000 shares 7,21,000 shares
Employee 0 shares 0 shares
Others
Total 23,70,000 shares 14,42,000 shares

Bids Received (Subscription)

Organic Recycling Systems IPO subscribed 3.24x in total, whereas Sunita Tools IPO subscribed 13.24x.

  Organic Recycling Systems IPO Sunita Tools IPO
QIB (times)
NII (times) 4.28x 5.27x
Big NII (times)
Small NII (times)
RII (times) 2.21x 21.10x
Employee (times)
Other (times)
Total (times) 3.24x 13.24x

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