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Organic Recycling Systems IPO vs Techknowgreen Solutions IPO

Comparison between Organic Recycling Systems IPO and Techknowgreen Solutions IPO.

IPO Details

Organic Recycling Systems IPO is a SME Fixed Price IPO proposed to list at BSE SME while Techknowgreen Solutions IPO is a SME Fixed Price proposed to list at BSE SME.

 Organic Recycling Systems IPOTechknowgreen Solutions IPO
LogoOrganic Recycling Systems IPO LogoTechknowgreen Solutions IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMEBSE SME
Lead ManagersArihant Capital Markets Ltd.Indorient Financial Services Ltd.
RegistrarMaashitla Securities Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerArihant Capital Markets Ltd.Alacrity Securities Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Organic Recycling Systems IPO is up to ₹47.40 Cr whereas the issue size of the Techknowgreen Solutions IPO is up to ₹15.88 Cr. The final issue price of Organic Recycling Systems IPO is ₹200.00 per share and of Techknowgreen Solutions IPO is ₹86.00 per share.

 Organic Recycling Systems IPOTechknowgreen Solutions IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹200.00 per share₹86.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size600 shares1600 shares
Fresh Issue Size23,70,000 shares18,46,400 shares
Fresh Issue Size (Amount)up to ₹47.40 Crup to ₹15.88 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total23,70,000 shares18,46,400 shares
Issue Size Total (Amount)up to ₹47.40 Crup to ₹15.88 Cr

IPO Timetable

Organic Recycling Systems IPO opens on Sep 21, 2023, while Techknowgreen Solutions IPO opens on Sep 18, 2023. The closing date of Organic Recycling Systems IPO and Techknowgreen Solutions IPO is Sep 26, 2023, and Sep 21, 2023, respectively.

 Organic Recycling Systems IPOTechknowgreen Solutions IPO
Issue OpenSep 21, 2023Sep 18, 2023
Issue CloseSep 26, 2023Sep 21, 2023
Basis Of Allotment (Tentative)Sep 29, 2023Sep 26, 2023
Initiation of Refunds (Tentative)Oct 03, 2023Sep 27, 2023
Credit of Share (Tentative)Oct 04, 2023Sep 28, 2023
Listing date (Tentative)Oct 06, 2023Sep 27, 2023

Financials & KPIs

Organic Recycling Systems IPO P/E ratio is 25.54, as compared to Techknowgreen Solutions IPO P/E ratio of 9.71.

 Organic Recycling Systems IPOTechknowgreen Solutions IPO
Financials

Company Financials (Restated Consolidated)

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets119.31106.69102.73
Total Income25.3417.5715.78
Profit After Tax3.65-5.35-4.49
NET Worth25.508.0913.44
Reserves and Surplus20.147.6312.98
Total Borrowing69.8154.1854.50
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets12.379.5411.82
Total Income14.869.997.85
Profit After Tax4.511.080.37
NET Worth6.343.562.96
Reserves and Surplus1.24-1.54-2.13
Total Borrowing2.872.864.51
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)30.14%89.02%
Promoter Shareholding (Post-Issue)20.35%65.58%
P/E Ratio25.549.71
Market Cap₹153.99 Cr.₹63.49 Cr.
ROE21.7688.57
ROCE13.0698.74
Debt/Equity2.700.45
EPS₹7.83₹8.86
RoNW14.3371.24

Shares Offered

In the Organic Recycling Systems IPO Retail Individual Investors (RII) are offered 11,85,000 shares while in Techknowgreen Solutions IPO retail investors are offered 11,85,000 shares. Qualified Institutional Buyers (QIB) are offered in Organic Recycling Systems IPO and in Techknowgreen Solutions IPO.

 Organic Recycling Systems IPOTechknowgreen Solutions IPO
Market Maker Reservation1,30,200 shares97,600 shares
NII11,85,000 shares9,23,200 shares
RII11,85,000 shares9,23,200 shares
Total23,70,000 shares18,46,400 shares

Bids Received (Subscription)

Organic Recycling Systems IPO subscribed 3.24x in total, whereas Techknowgreen Solutions IPO subscribed 12.45x.

 Organic Recycling Systems IPOTechknowgreen Solutions IPO
NII (times)4.28x9.08x
RII (times)2.21x15.82x
Total (times)3.24x12.45x

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Compare:

Organic Recycling Systems IPO Vs Techknowgreen Solutions IPO