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GSM Foils IPO vs TBI Corn IPO

Comparision between GSM Foils IPO and TBI Corn IPO.

IPO Details

GSM Foils IPO is a SME Book Built Issue IPO proposed to list at NSE SME while TBI Corn IPO is a SME Book Built Issue proposed to list at NSE SME.

  GSM Foils IPO TBI Corn IPO
Logo GSM Foils IPO Logo TBI Corn IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Book Built Issue
Listing At NSE SME NSE SME
Lead Managers Shreni Shares Limited Swastika Investmart Ltd

Ekadrisht Capital Private Limited
Registrar Bigshare Services Pvt Ltd Kfin Technologies Limited
Market Maker Shreni Shares Limited Ss Corporate Securities 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 GSM Foils IPO is up to ₹11.01 Cr whereas the issue size of the TBI Corn IPO is up to ₹44.94 Cr. The final issue price of GSM Foils IPO is ₹32.00 per share and of TBI Corn IPO is ₹94.00 per share.

  GSM Foils IPO TBI Corn IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹90.00 per share
Issue Price (Upper) ₹94.00 per share
Issue Price (Final) ₹32.00 per share ₹94.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 4000 shares 1200 shares
Fresh Issue Size 34,40,000 shares 47,80,800 shares
Fresh Issue Size (Amount) up to ₹11.01 Cr up to ₹44.94 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 34,40,000 shares 47,80,800 shares
Issue Size Total (Amount) up to ₹11.01 Cr up to ₹44.94 Cr

IPO Timetable

GSM Foils IPO opens on May 24, 2024, while TBI Corn IPO opens on May 31, 2024. The closing date of GSM Foils IPO and TBI Corn IPO is May 28, 2024, and Jun 04, 2024, respectively.

  GSM Foils IPO TBI Corn IPO
Anchor Bid Date May 30, 2024
Issue Open May 24, 2024 May 31, 2024
Issue Close May 28, 2024 Jun 04, 2024
Basis Of Allotment (Tentative) May 29, 2024 Jun 05, 2024
Initiation of Refunds (Tentative) May 30, 2024 Jun 06, 2024
Credit of Share (Tentative) May 30, 2024 Jun 06, 2024
Listing date (Tentative) May 31, 2024 Jun 07, 2024
Anchor Lockin End date 1 Jul 05, 2024
Anchor Lockin End date 2 Sep 03, 2024

Financials

GSM Foils IPO P/E ratio is 20.98, as compared to TBI Corn IPO P/E ratio of 18.33.

  GSM Foils IPO TBI Corn IPO
Financial

GSM Foils Limited Financial Information (Restated)

GSM Foils Limited's revenue decreased by -8.3% and profit after tax (PAT) rose by 124.62% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets2,208.181,438.181,050.65720.57
Revenue2,717.876,588.697,185.043,646.23
Profit After Tax124.79142.9763.6533.93
Net Worth126.99835.73659.06657.82
Reserves and Surplus124.79
Total Borrowing1,412.95242.43219.20
Amount in ₹ Lakhs

TBI Corn Limited Financial Information (Restated)

TBI Corn Limited's revenue increased by 39.07% and profit after tax (PAT) rose by 1419.24% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets9,511.5012,162.044,317.634,254.86
Revenue10,196.5314,042.6310,097.266,776.38
Profit After Tax766.45686.0945.1623.93
Net Worth4,067.702,677.81683.24512.42
Reserves and Surplus2,729.941,677.49
Total Borrowing5,137.136,352.822,549.482,300.94
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 99.99% 76.65%
Promoter Shareholding (Post-Issue) 73.14% 57.71%
P/E Ratio 20.98 18.33
Market Cap ₹41.00 Cr. ₹170.69 Cr.
ROE 23.62%% 18.84%%
ROCE 1.60%% 18.65%%
Debt/Equity 11.13 0.43
EPS ₹1.53 ₹5.13
RoNW 98.27%% 18.84%%

Shares Offered

In the GSM Foils IPO retail investors (RII) are offered 16,32,000 shares while in TBI Corn IPO retail investors are offered 16,32,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in GSM Foils IPO and 9,08,800 shares in TBI Corn IPO.

  GSM Foils IPO TBI Corn IPO
Anchor Investor Reserveration 13,58,400 shares
Market Maker Reserveration 1,76,000 shares 2,40,000 shares
QIB 0 shares 9,08,800 shares
NII 16,32,000 shares 6,81,600 shares
RII 16,32,000 shares 5,92,000 shares
Employee 0 shares 0 shares
Others
Total 32,64,000 shares 31,82,400 shares

Bids Received (Subscription)

GSM Foils IPO subscribed 257.30x in total, whereas TBI Corn IPO subscribed 231.21x.

  GSM Foils IPO TBI Corn IPO
QIB (times) 81.41x
NII (times) 259.51x 516.50x
Big NII (times)
Small NII (times)
RII (times) 247.10x 523.29x
Employee (times)
Other (times)
Total (times) 257.30x 231.21x

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