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Organic Recycling Systems IPO vs Techknowgreen Solutions IPO

Comparision between Organic Recycling Systems IPO and Techknowgreen Solutions IPO.

IPO Details

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

  Organic Recycling Systems IPO Techknowgreen Solutions IPO
Logo Organic Recycling Systems IPO Logo Techknowgreen Solutions 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 Indorient Financial Services Ltd
Registrar Maashitla Securities Private Limited Bigshare Services Pvt Ltd
Market Maker Arihant Capital Markets Limited Alacrity Securities Ltd.
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 Techknowgreen Solutions IPO is up to ₹16.72 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 IPO Techknowgreen Solutions IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final) ₹200.00 per share ₹86.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 600 shares 1600 shares
Fresh Issue Size 25,00,200 shares 19,44,000 shares
Fresh Issue Size (Amount) up to ₹50.00 Cr up to ₹16.72 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 25,00,200 shares 19,44,000 shares
Issue Size Total (Amount) up to ₹50.00 Cr up to ₹16.72 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 IPO Techknowgreen Solutions IPO
Anchor Bid Date
Issue Open Sep 21, 2023 Sep 18, 2023
Issue Close Sep 26, 2023 Sep 21, 2023
Basis Of Allotment (Tentative) Sep 29, 2023 Sep 26, 2023
Initiation of Refunds (Tentative) Oct 03, 2023 Sep 27, 2023
Credit of Share (Tentative) Oct 04, 2023 Sep 28, 2023
Listing date (Tentative) Oct 06, 2023 Sep 27, 2023
Anchor Lockin End date 1 Oct 29, 2023 Oct 26, 2023
Anchor Lockin End date 2 Dec 28, 2023 Dec 25, 2023

Financials

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 IPO Techknowgreen Solutions 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
Techknowgreen Solutions IPO Financial Information (Restated)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets1,181.75953.941,237.25
Revenue785.27999.091,486.28
Profit After Tax37.17108.18451.38
Net Worth296.43355.86633.63
Reserves and Surplus-213.20-153.76124.00
Total Borrowing450.71285.86287.40
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 30.14% 89.02%
Promoter Shareholding (Post-Issue) 20.35% 65.58%
P/E Ratio 25.54 9.71
Market Cap ₹153.99 Cr. ₹63.49 Cr.
ROE 21.76%% 88.57%%
ROCE 13.06%% 98.74%%
Debt/Equity 2.7 0.45
EPS ₹7.83 ₹8.86
RoNW 14.33%% 71.24%%

Shares Offered

In the Organic Recycling Systems IPO retail 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 0 shares in Organic Recycling Systems IPO and 0 shares in Techknowgreen Solutions IPO.

  Organic Recycling Systems IPO Techknowgreen Solutions IPO
Anchor Investor Reserveration
Market Maker Reserveration 1,30,200 shares 97,600 shares
QIB 0 shares 0 shares
NII 11,85,000 shares 9,23,200 shares
RII 11,85,000 shares 9,23,200 shares
Employee 0 shares 0 shares
Others
Total 23,70,000 shares 18,46,400 shares

Bids Received (Subscription)

Organic Recycling Systems IPO subscribed 3.24x in total, whereas Techknowgreen Solutions IPO subscribed 12.98x.

  Organic Recycling Systems IPO Techknowgreen Solutions IPO
QIB (times)
NII (times) 4.28x 9.08x
Big NII (times)
Small NII (times)
RII (times) 2.21x 15.82x
Employee (times)
Other (times)
Total (times) 3.24x 12.98x

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