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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 Indian Emulsifier IPO Logo 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 Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets6,176.633,432.261,910.2259.72
Revenue4,870.164,118.351,768.31
Profit After Tax675.01389.444.31-0.37
Net Worth2,636.351,204.35814.940.63
Reserves and Surplus1,735.22393.343.93-0.37
Total Borrowing2,244.452,030.441,068.5458.91
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 Ended30 Nov 202331 Mar 202331 Mar 202231 Mar 2021
Assets282.32187.5265.33291.62
Revenue171.79232.28207.14181.59
Profit After Tax81.41130.07115.4838.18
Net Worth190.00175.8945.82257.91
Total Borrowing67.30
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

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