Indian Emulsifier IPO vs TGIF Agribusiness IPO

Comparision between Indian Emulsifier IPO and TGIF Agribusiness IPO.

IPO Details

Indian Emulsifier IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while TGIF Agribusiness IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Indian Emulsifier IPO	TGIF Agribusiness 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	Ekadrisht Capital Private Limited	Hem Securities Limited
Registrar	Maashitla Securities Private Limited	Bigshare Services Pvt Ltd
Market Maker	Ss Corporate Securities Limited	Hem Finlease Private 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 Indian Emulsifier IPO is up to ₹42.39 Cr whereas the issue size of the TGIF Agribusiness IPO is up to ₹6.39 Cr. The final issue price of Indian Emulsifier IPO is ₹132.00 per share and of TGIF Agribusiness IPO is ₹93.00 per share.

	Indian Emulsifier IPO	TGIF Agribusiness IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹125.00 per share
Issue Price (Upper)	₹132.00 per share
Issue Price (Final)	₹132.00 per share	₹93.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1000 shares	1200 shares
Fresh Issue Size	32,11,000 shares	6,87,600 shares
Fresh Issue Size (Amount)	up to ₹42.39 Cr	up to ₹6.39 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	32,11,000 shares	6,87,600 shares
Issue Size Total (Amount)	up to ₹42.39 Cr	up to ₹6.39 Cr

IPO Timetable

Indian Emulsifier IPO opens on May 13, 2024, while TGIF Agribusiness IPO opens on May 08, 2024. The closing date of Indian Emulsifier IPO and TGIF Agribusiness IPO is May 16, 2024, and May 10, 2024, respectively.

	Indian Emulsifier IPO	TGIF Agribusiness IPO
Anchor Bid Date	May 10, 2024
Issue Open	May 13, 2024	May 08, 2024
Issue Close	May 16, 2024	May 10, 2024
Basis Of Allotment (Tentative)	May 17, 2024	May 13, 2024
Initiation of Refunds (Tentative)	May 21, 2024	May 14, 2024
Credit of Share (Tentative)	May 21, 2024	May 14, 2024
Listing date (Tentative)	May 22, 2024	May 15, 2024
Anchor Lockin End date 1	Jun 16, 2024
Anchor Lockin End date 2	Aug 15, 2024

Financials

Indian Emulsifier IPO P/E ratio is 30.54, as compared to TGIF Agribusiness IPO P/E ratio of 13.58.

Indian Emulsifier IPO

TGIF Agribusiness IPO

Financial

Indian Emulsifier Limited Financial Information (Restated Standalone)

Indian Emulsifier Limited's revenue increased by 132.9% and profit after tax (PAT) rose by 8935.73% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	6,176.63	3,432.26	1,910.22	59.72
Revenue	4,870.16	4,118.35	1,768.31
Profit After Tax	675.01	389.44	4.31	-0.37
Net Worth	2,636.35	1,204.35	814.94	0.63
Reserves and Surplus	1,735.22	393.34	3.93	-0.37
Total Borrowing	2,244.45	2,030.44	1,068.54	58.91
Amount in ₹ Lakhs

TGIF Agribusiness Limited Financial Information (Restated)

TGIF Agribusiness Limited's revenue increased by 12.14% and profit after tax (PAT) rose by 12.63% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Nov 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	282.32	187.52	65.33	291.62
Revenue	171.79	232.28	207.14	181.59
Profit After Tax	81.41	130.07	115.48	38.18
Net Worth	190.00	175.89	45.82	257.91
Total Borrowing	67.30
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

65.25%

99.80%

Promoter Shareholding (Post-Issue)

48.11%

73.28%

P/E Ratio

30.54

13.58

Market Cap

₹161.33 Cr.

₹24.06 Cr.

ROE

25.61%%

ROCE

38.03%%

Debt/Equity

0.51

EPS

₹4.32

₹6.85

RoNW

25.60%%

42.85%

Shares Offered

In the Indian Emulsifier IPO retail investors (RII) are offered 10,70,000 shares while in TGIF Agribusiness IPO retail investors are offered 10,70,000 shares. Qualified institutional buyers (QIB) are offered 6,10,000 shares in Indian Emulsifier IPO and 0 shares in TGIF Agribusiness IPO.

	Indian Emulsifier IPO	TGIF Agribusiness IPO
Anchor Investor Reserveration	9,10,000 shares
Market Maker Reserveration	1,61,000 shares	34,800 shares
QIB	6,10,000 shares	0 shares
NII	4,60,000 shares	3,26,400 shares
RII	10,70,000 shares	3,26,400 shares
Employee	0 shares	0 shares
Others
Total	21,40,000 shares	6,52,800 shares

Bids Received (Subscription)

Indian Emulsifier IPO subscribed 460.07x in total, whereas TGIF Agribusiness IPO subscribed 37.13x.

	Indian Emulsifier IPO	TGIF Agribusiness IPO
QIB (times)	175.95x
NII (times)	779.63x	35.35x
Big NII (times)
Small NII (times)
RII (times)	484.66x	32.92x
Employee (times)
Other (times)
Total (times)	460.07x	37.13x

Compare with others

Indian Emulsifier IPO	TGIF Agribusiness IPO
Hariom Atta & Spices IPO	Indian Emulsifier IPO
Rulka Electricals IPO	Aztec Fluids & Machinery IPO
Quest Laboratories IPO	Premier Roadlines IPO
Piotex Industries IPO	Silkflex Polymers IPO
Veritaas Advertising IPO	Energy Mission Machineries IPO
Aztec Fluids & Machinery IPO	Refractory Shapes IPO
Premier Roadlines IPO	Winsol Engineers IPO
Silkflex Polymers IPO	Slone Infosystems IPO
Energy Mission Machineries IPO	Sai Swami Metals and Alloys IPO
TGIF Agribusiness IPO	Amkay Products IPO

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