Polysil Irrigation Systems IPO vs Trust Fintech IPO

Comparision between Polysil Irrigation Systems IPO and Trust Fintech IPO.

IPO Details

Polysil Irrigation Systems IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Trust Fintech IPO is a SME Book Built Issue proposed to list at NSE SME.

	Polysil Irrigation Systems IPO	Trust Fintech IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Fedex Securities Pvt Ltd	Corporate Capitalventures Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Market-Hub Stock Broking Private Limited	Ss Corporate Securities 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 Polysil Irrigation Systems IPO is up to ₹17.44 Cr whereas the issue size of the Trust Fintech IPO is up to ₹63.45 Cr. The final issue price of Polysil Irrigation Systems IPO is ₹54.00 per share and of Trust Fintech IPO is ₹101.00 per share.

	Polysil Irrigation Systems IPO	Trust Fintech IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹95.00 per share
Issue Price (Upper)		₹101.00 per share
Issue Price (Final)	₹54.00 per share	₹101.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	1200 shares
Fresh Issue Size	14,44,000 shares	62,82,000 shares
Fresh Issue Size (Amount)	up to ₹7.80 Cr	up to ₹63.45 Cr
OFS Issue Size	17,85,000 shares
OFS Issue Size (Amount)	up to ₹9.64 Cr
Issue Size Total	32,29,000 shares	62,82,000 shares
Issue Size Total (Amount)	up to ₹17.44 Cr	up to ₹63.45 Cr

IPO Timetable

Polysil Irrigation Systems IPO opens on Feb 08, 2024, while Trust Fintech IPO opens on Mar 26, 2024. The closing date of Polysil Irrigation Systems IPO and Trust Fintech IPO is Feb 13, 2024, and Mar 28, 2024, respectively.

	Polysil Irrigation Systems IPO	Trust Fintech IPO
Anchor Bid Date		Mar 22, 2024
Issue Open	Feb 08, 2024	Mar 26, 2024
Issue Close	Feb 13, 2024	Mar 28, 2024
Basis Of Allotment (Tentative)	Feb 14, 2024	Apr 02, 2024
Initiation of Refunds (Tentative)	Feb 15, 2024	Apr 03, 2024
Credit of Share (Tentative)	Feb 15, 2024	Apr 03, 2024
Listing date (Tentative)	Feb 16, 2024	Apr 04, 2024
Anchor Lockin End date 1		May 02, 2024
Anchor Lockin End date 2		Jul 01, 2024

Financials

Polysil Irrigation Systems IPO P/E ratio is 47.08, as compared to Trust Fintech IPO P/E ratio of 44.05.

Polysil Irrigation Systems IPO

Trust Fintech IPO

Financial

Polysil Irrigation Systems Limited Financial Information (Restated)

Polysil Irrigation Systems Limited's revenue increased by 16.6% and profit after tax (PAT) rose by 236.39% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Aug 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	5,671.49	5,531.46	4,616.80	4,178.47
Revenue	1,019.74	4,392.49	3,767.21	5,471.58
Profit After Tax	110.31	113.53	33.75	64.81
Net Worth	1,646.02	1,535.71	1,372.06	1,338.31
Reserves and Surplus	656.31	546.00	1,326.56	1,292.82
Total Borrowing	1,566.17	1,547.25	1,494.96	1,104.83
Amount in ₹ Lakhs

Trust Fintech Limited Financial Information (Restated Standalone)

Trust Fintech Limited's revenue increased by 26.12% and profit after tax (PAT) rose by 200.92% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	3,989.43	3,118.89	1,958.72	1,590.01
Revenue	1,883.13	2,270.19	1,800.00	2,417.94
Profit After Tax	727.95	402.21	133.66	219.66
Net Worth	3,446.55	2,718.60	1,516.39	1,382.73
Reserves and Surplus	2,928.06	2,200.11	997.90	864.25
Total Borrowing	-34.32	-3.80	118.69	-44.34
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

33.79%

93.51%

Promoter Shareholding (Post-Issue)

29.49%

68.85%

P/E Ratio

47.08

44.05

Market Cap

₹61.24 Cr.

₹240.63 Cr.

ROE

7.39%%

23.61%%

ROCE

12.81%%

28.54%%

Debt/Equity

1.01

EPS

₹1.15

₹2.29

RoNW

7.39%%

27.51%%

Shares Offered

In the Polysil Irrigation Systems IPO retail investors (RII) are offered 15,32,000 shares while in Trust Fintech IPO retail investors are offered 15,32,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Polysil Irrigation Systems IPO and 11,92,800 shares in Trust Fintech IPO.

	Polysil Irrigation Systems IPO	Trust Fintech IPO
Anchor Investor Reserveration		17,88,000 shares
Market Maker Reserveration	1,64,000 shares	3,18,000 shares
QIB	0 shares	11,92,800 shares
NII	15,32,000 shares	8,95,200 shares
RII	15,32,000 shares	20,88,000 shares
Employee	0 shares	0 shares
Others
Total	30,64,000 shares	41,76,000 shares

Bids Received (Subscription)

Polysil Irrigation Systems IPO subscribed 6.88x in total, whereas Trust Fintech IPO subscribed 108.63x.

	Polysil Irrigation Systems IPO	Trust Fintech IPO
QIB (times)		65.38x
NII (times)	2.12x	244.48x
Big NII (times)
Small NII (times)
RII (times)	11.62x	75.10x
Employee (times)
Other (times)
Total (times)	6.88x	108.63x

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Italian Edibles IPO	Kalahridhaan Trendz IPO
Gabriel Pet Straps IPO	Polysil Irrigation Systems IPO

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