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Silkflex Polymers IPO vs TGIF Agribusiness IPO

Comparision between Silkflex Polymers IPO and TGIF Agribusiness IPO.

IPO Details

Silkflex Polymers 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.

  Silkflex Polymers IPO TGIF Agribusiness IPO
Logo Silkflex Polymers IPO Logo TGIF Agribusiness IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price 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
IPO Allotment URL IPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Silkflex Polymers IPO is up to ₹18.11 Cr whereas the issue size of the TGIF Agribusiness IPO is up to ₹6.39 Cr. The final issue price of Silkflex Polymers IPO is ₹52.00 per share and of TGIF Agribusiness IPO is ₹93.00 per share.

  Silkflex Polymers IPO TGIF Agribusiness IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final) ₹52.00 per share ₹93.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 2000 shares 1200 shares
Fresh Issue Size 34,82,000 shares 6,87,600 shares
Fresh Issue Size (Amount) up to ₹18.11 Cr up to ₹6.39 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 34,82,000 shares 6,87,600 shares
Issue Size Total (Amount) up to ₹18.11 Cr up to ₹6.39 Cr

IPO Timetable

Silkflex Polymers IPO opens on May 07, 2024, while TGIF Agribusiness IPO opens on May 08, 2024. The closing date of Silkflex Polymers IPO and TGIF Agribusiness IPO is May 10, 2024, and May 10, 2024, respectively.

  Silkflex Polymers IPO TGIF Agribusiness IPO
Anchor Bid Date
Issue Open May 07, 2024 May 08, 2024
Issue Close May 10, 2024 May 10, 2024
Basis Of Allotment (Tentative) May 13, 2024 May 13, 2024
Initiation of Refunds (Tentative) May 14, 2024 May 14, 2024
Credit of Share (Tentative) May 14, 2024 May 14, 2024
Listing date (Tentative) May 15, 2024 May 15, 2024
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials

Silkflex Polymers IPO P/E ratio is 53.76, as compared to TGIF Agribusiness IPO P/E ratio of 13.58.

  Silkflex Polymers IPO TGIF Agribusiness IPO
Financial

Silkflex Polymers (India) Limited Financial Information (Restated)

Silkflex Polymers (India) Limited's revenue increased by 22.74% and profit after tax (PAT) rose by 14.58% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets3,446.352,374.731,968.811,314.06
Revenue3,381.553,442.252,804.522,096.07
Profit After Tax256.6678.5968.5945.35
Net Worth1,073.28816.62738.03513.51
Reserves and Surplus260.78566.62488.03308.06
Total Borrowing1,716.181,208.31994.50612.81
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) 99.84% 99.80%
Promoter Shareholding (Post-Issue) 69.89% 73.28%
P/E Ratio 53.76 13.58
Market Cap ₹60.36 Cr. ₹24.06 Cr.
ROE 23.91%%
ROCE 41.04%%
Debt/Equity 1.6
EPS ₹0.97 ₹6.85
RoNW 23.91%% 42.85%

Shares Offered

In the Silkflex Polymers IPO retail investors (RII) are offered 16,52,000 shares while in TGIF Agribusiness IPO retail investors are offered 16,52,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Silkflex Polymers IPO and 0 shares in TGIF Agribusiness IPO.

  Silkflex Polymers IPO TGIF Agribusiness IPO
Anchor Investor Reserveration
Market Maker Reserveration 1,78,000 shares 34,800 shares
QIB 0 shares 0 shares
NII 16,52,000 shares 3,26,400 shares
RII 16,52,000 shares 3,26,400 shares
Employee 0 shares 0 shares
Others
Total 33,04,000 shares 6,52,800 shares

Bids Received (Subscription)

Silkflex Polymers IPO subscribed 39.30x in total, whereas TGIF Agribusiness IPO subscribed 37.13x.

  Silkflex Polymers IPO TGIF Agribusiness IPO
QIB (times)
NII (times) 36.59x 35.35x
Big NII (times)
Small NII (times)
RII (times) 35.97x 32.92x
Employee (times)
Other (times)
Total (times) 39.30x 37.13x

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