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
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 Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	17,457.31	17,588.33	13,631.33	11,926.82
Revenue	16,237.63	37,071.27	25,526.51	11,293.73
Profit After Tax	523.75	1,012.81	486.59	337.53
Net Worth	6,122.31	5,603.93	4,622.73	4,136.14
Reserves and Surplus	4,702.31	4,893.93	3,912.73	3,426.14
Total Borrowing	3,474.45	4,177.66	4,868.64	4,278.83
Amount in ₹ Lakhs

Swashthik Plascon Limited Financial Information (Restated Consolidated)

Period Ended	30 Sep 2023	31 Mar 2023
Assets	11,416.09	11,076.25
Revenue	6,973.65	4,589.10
Profit After Tax	528.48	302.19
Net Worth	2,564.07	2,037.09
Reserves and Surplus	1,281.59	754.61
Total Borrowing	6,231.66	5,879.54
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

Compare with others

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Swashthik Plascon IPO	Sunrest Lifescience IPO

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