Swastik Pipe IPO vs Technopack Polymers IPO

Comparision between Swastik Pipe IPO and Technopack Polymers IPO.

IPO Details

Swastik Pipe IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Technopack Polymers IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Swastik Pipe IPO	Technopack Polymers IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Corporate Capitalventures Pvt Ltd	Isk Advisors Pvt Ltd
Registrar	Skyline Financial Services Private Ltd	Bigshare Services Pvt Ltd
Market Maker
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 Swastik Pipe IPO is up to ₹62.52 Cr whereas the issue size of the Technopack Polymers IPO is up to ₹7.87 Cr. The final issue price of Swastik Pipe IPO is ₹100.00 per share and of Technopack Polymers IPO is ₹55.00 per share.

	Swastik Pipe IPO	Technopack Polymers IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹97.00 per share
Issue Price (Upper)	₹100.00 per share
Issue Price (Final)	₹100.00 per share	₹55.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	2000 shares
Fresh Issue Size	62,52,000 shares	14,30,000 shares
Fresh Issue Size (Amount)	up to ₹62.52 Cr	up to ₹7.87 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	62,52,000 shares	14,30,000 shares
Issue Size Total (Amount)	up to ₹62.52 Cr	up to ₹7.87 Cr

IPO Timetable

Swastik Pipe IPO opens on Sep 29, 2022, while Technopack Polymers IPO opens on Nov 02, 2022. The closing date of Swastik Pipe IPO and Technopack Polymers IPO is Oct 03, 2022, and Nov 07, 2022, respectively.

	Swastik Pipe IPO	Technopack Polymers IPO
Anchor Bid Date
Issue Open	Sep 29, 2022	Nov 02, 2022
Issue Close	Oct 03, 2022	Nov 07, 2022
Basis Of Allotment (Tentative)	Oct 07, 2022	Nov 11, 2022
Initiation of Refunds (Tentative)	Oct 10, 2022	Nov 14, 2022
Credit of Share (Tentative)	Oct 11, 2022	Nov 15, 2022
Listing date (Tentative)	Oct 12, 2022	Nov 16, 2022
Anchor Lockin End date 1	Nov 06, 2022	Dec 11, 2022
Anchor Lockin End date 2	Jan 05, 2023	Feb 09, 2023

Financials

Swastik Pipe IPO P/E ratio is 11.38, as compared to Technopack Polymers IPO P/E ratio of 10.54.

Swastik Pipe IPO

Technopack Polymers IPO

Financial

Swastik Pipe Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-19	35607.65	72756.38	467.97	9370.13	8450.03
31-Mar-20	33650.76	65807.21	-1389.25	7980.91	7060.78
31-Mar-21	33625.88	52383.88	148.64	8129.51	7209.42
31-Mar-22	34127.21	61219.77	2041.11	14169.42	12471.47
Amount in ₹ Lakhs

Technopack Polymers Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	357.87	355.27	3.8	97.63	-2.37	257.36
31-Mar-21	585.73	615.74	1.91	99.54	-0.46	328.98
31-Mar-22	926.29	1002.87	210.83	300.37	200.37	270.78
31-Jul-22	1183.82	482.1	93.94	779.31	382.31	160.56
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

88.27%

100%

Promoter Shareholding (Post-Issue)

64.51%

73.51%

P/E Ratio

11.38

10.54

Market Cap

₹232.32 Cr.

₹29.70 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Swastik Pipe IPO retail investors (RII) are offered 29,68,800 shares while in Technopack Polymers IPO retail investors are offered 29,68,800 shares. Qualified institutional buyers (QIB) are offered in Swastik Pipe IPO and in Technopack Polymers IPO.

	Swastik Pipe IPO	Technopack Polymers IPO
Anchor Investor Reserveration
Market Maker Reserveration	3,14,400 shares	71,500 shares
QIB
NII	29,68,800 shares	6,79,250 shares
RII	29,68,800 shares	6,79,250 shares
Employee
Others
Total	59,37,600 shares	13,58,500 shares

Bids Received (Subscription)

Swastik Pipe IPO subscribed 1.35x in total, whereas Technopack Polymers IPO subscribed 19.81x.

	Swastik Pipe IPO	Technopack Polymers IPO
QIB (times)
NII (times)	1.37x	19.82x
Big NII (times)
Small NII (times)
RII (times)	1.33x	19.81x
Employee (times)
Other (times)
Total (times)	1.35x	19.81x

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