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Sattrix IPO vs TBI Corn IPO

Comparision between Sattrix IPO and TBI Corn IPO.

IPO Details

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

  Sattrix IPO TBI Corn IPO
Logo Sattrix IPO Logo TBI Corn IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Book Built Issue
Listing At BSE SME NSE SME
Lead Managers Isk Advisors Pvt Ltd Swastika Investmart Ltd

Ekadrisht Capital Private Limited
Registrar Bigshare Services Pvt Ltd Kfin Technologies Limited
Market Maker Sunflower Broking Private 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 Sattrix IPO is up to ₹21.78 Cr whereas the issue size of the TBI Corn IPO is up to ₹44.94 Cr. The final issue price of Sattrix IPO is ₹121.00 per share and of TBI Corn IPO is ₹94.00 per share.

  Sattrix 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) ₹121.00 per share ₹94.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 1000 shares 1200 shares
Fresh Issue Size 18,00,000 shares 47,80,800 shares
Fresh Issue Size (Amount) up to ₹21.78 Cr up to ₹44.94 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 18,00,000 shares 47,80,800 shares
Issue Size Total (Amount) up to ₹21.78 Cr up to ₹44.94 Cr

IPO Timetable

Sattrix IPO opens on Jun 05, 2024, while TBI Corn IPO opens on May 31, 2024. The closing date of Sattrix IPO and TBI Corn IPO is Jun 07, 2024, and Jun 04, 2024, respectively.

  Sattrix IPO TBI Corn IPO
Anchor Bid Date May 30, 2024
Issue Open Jun 05, 2024 May 31, 2024
Issue Close Jun 07, 2024 Jun 04, 2024
Basis Of Allotment (Tentative) Jun 10, 2024 Jun 05, 2024
Initiation of Refunds (Tentative) Jun 11, 2024 Jun 06, 2024
Credit of Share (Tentative) Jun 11, 2024 Jun 06, 2024
Listing date (Tentative) Jun 12, 2024 Jun 07, 2024
Anchor Lockin End date 1 Jul 05, 2024
Anchor Lockin End date 2 Sep 03, 2024

Financials

Sattrix IPO P/E ratio is 15.12, as compared to TBI Corn IPO P/E ratio of 18.33.

  Sattrix IPO TBI Corn IPO
Financial

Sattrix Information Security Limited Financial Information (Restated Consolidated)

Sattrix Information Security Limited's revenue increased by 60.76% and profit after tax (PAT) rose by 86.86% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets2,462.282,567.061,449.07950.32
Revenue3,061.613,775.652,348.692,120.23
Profit After Tax250.71400.12214.13193.83
Net Worth1,446.961,194.02776.51557.12
Reserves and Surplus946.961,193.02775.51556.12
Total Borrowing384.77194.55235.8844.54
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) 100.00% 76.65%
Promoter Shareholding (Post-Issue) 57.71%
P/E Ratio 15.12 18.33
Market Cap ₹82.28 Cr. ₹170.69 Cr.
ROE 18.99%% 18.84%%
ROCE 20.93%% 18.65%%
Debt/Equity 0.27 0.43
EPS ₹8.00 ₹5.13
RoNW 17.33%% 18.84%%

Shares Offered

In the Sattrix IPO retail investors (RII) are offered 8,54,000 shares while in TBI Corn IPO retail investors are offered 8,54,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Sattrix IPO and 9,08,800 shares in TBI Corn IPO.

  Sattrix IPO TBI Corn IPO
Anchor Investor Reserveration 13,58,400 shares
Market Maker Reserveration 92,000 shares 2,40,000 shares
QIB 0 shares 9,08,800 shares
NII 8,54,000 shares 6,81,600 shares
RII 8,54,000 shares 5,92,000 shares
Employee 0 shares 0 shares
Others
Total 17,08,000 shares 31,82,400 shares

Bids Received (Subscription)

Sattrix IPO subscribed 70.44x in total, whereas TBI Corn IPO subscribed 231.21x.

  Sattrix IPO TBI Corn IPO
QIB (times) 81.41x
NII (times) 87.88x 516.50x
Big NII (times)
Small NII (times)
RII (times) 37.76x 523.29x
Employee (times)
Other (times)
Total (times) 70.44x 231.21x

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