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Refractory Shapes IPO vs TGIF Agribusiness IPO

Comparision between Refractory Shapes IPO and TGIF Agribusiness IPO.

IPO Details

Refractory Shapes 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.

  Refractory Shapes IPO TGIF Agribusiness IPO
Logo Refractory Shapes 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 Shreni Shares Limited Hem Securities Limited
Registrar Bigshare Services Pvt Ltd Bigshare Services Pvt Ltd
Market Maker Shreni Shares 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 Refractory Shapes IPO is up to ₹18.60 Cr whereas the issue size of the TGIF Agribusiness IPO is up to ₹6.39 Cr. The final issue price of Refractory Shapes IPO is ₹31.00 per share and of TGIF Agribusiness IPO is ₹93.00 per share.

  Refractory Shapes IPO TGIF Agribusiness IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹27.00 per share
Issue Price (Upper) ₹31.00 per share
Issue Price (Final) ₹31.00 per share ₹93.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 4000 shares 1200 shares
Fresh Issue Size 60,00,000 shares 6,87,600 shares
Fresh Issue Size (Amount) up to ₹18.60 Cr up to ₹6.39 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 60,00,000 shares 6,87,600 shares
Issue Size Total (Amount) up to ₹18.60 Cr up to ₹6.39 Cr

IPO Timetable

Refractory Shapes IPO opens on May 06, 2024, while TGIF Agribusiness IPO opens on May 08, 2024. The closing date of Refractory Shapes IPO and TGIF Agribusiness IPO is May 09, 2024, and May 10, 2024, respectively.

  Refractory Shapes IPO TGIF Agribusiness IPO
Anchor Bid Date May 03, 2024
Issue Open May 06, 2024 May 08, 2024
Issue Close May 09, 2024 May 10, 2024
Basis Of Allotment (Tentative) May 10, 2024 May 13, 2024
Initiation of Refunds (Tentative) May 13, 2024 May 14, 2024
Credit of Share (Tentative) May 13, 2024 May 14, 2024
Listing date (Tentative) May 14, 2024 May 15, 2024
Anchor Lockin End date 1 Jun 09, 2024
Anchor Lockin End date 2 Aug 08, 2024

Financials

Refractory Shapes IPO P/E ratio is 25.55, as compared to TGIF Agribusiness IPO P/E ratio of 13.58.

  Refractory Shapes IPO TGIF Agribusiness IPO
Financial

Refractory Shapes Limited Financial Information (Restated)

Refractory Shapes Limited's revenue increased by 47.7% and profit after tax (PAT) dropped by -33.2% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets5,289.905,003.813,684.822,723.72
Revenue2,999.043,872.232,621.672,179.67
Profit After Tax307.94191.74287.04156.39
Net Worth396.581,668.641,476.901,189.86
Reserves and Surplus396.581,658.641,466.901,179.86
Total Borrowing2,341.802,048.631,570.121,234.18
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) 100.00% 99.80%
Promoter Shareholding (Post-Issue) 72.48% 73.28%
P/E Ratio 25.55 13.58
Market Cap ₹67.58 Cr. ₹24.06 Cr.
ROE 15.58%%
ROCE 9.79%%
Debt/Equity 1.18
EPS ₹1.21 ₹6.85
RoNW 15.58%% 42.85%

Shares Offered

In the Refractory Shapes IPO retail investors (RII) are offered 19,96,000 shares while in TGIF Agribusiness IPO retail investors are offered 19,96,000 shares. Qualified institutional buyers (QIB) are offered 11,44,000 shares in Refractory Shapes IPO and 0 shares in TGIF Agribusiness IPO.

  Refractory Shapes IPO TGIF Agribusiness IPO
Anchor Investor Reserveration 17,00,000 shares
Market Maker Reserveration 3,04,000 shares 34,800 shares
QIB 11,44,000 shares 0 shares
NII 8,56,000 shares 3,26,400 shares
RII 19,96,000 shares 3,26,400 shares
Employee 0 shares 0 shares
Others
Total 39,96,000 shares 6,52,800 shares

Bids Received (Subscription)

Refractory Shapes IPO subscribed 255.08x in total, whereas TGIF Agribusiness IPO subscribed 37.13x.

  Refractory Shapes IPO TGIF Agribusiness IPO
QIB (times) 90.59x
NII (times) 464.43x 35.35x
Big NII (times)
Small NII (times)
RII (times) 259.56x 32.92x
Employee (times)
Other (times)
Total (times) 255.08x 37.13x

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