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TBI Corn IPO vs United Cotfab IPO

Comparision between TBI Corn IPO and United Cotfab IPO.

IPO Details

TBI Corn IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while United Cotfab IPO is a SME Fixed Price Issue proposed to list at BSE SME.

  TBI Corn IPO United Cotfab IPO
Logo TBI Corn IPO Logo United Cotfab 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 Swastika Investmart Ltd

Ekadrisht Capital Private Limited
Beeline Capital Advisors Pvt Ltd
Registrar Kfin Technologies Limited Purva Sharegistry India Pvt Ltd
Market Maker Ss Corporate Securities Limited Spread X Securities 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 TBI Corn IPO is up to ₹44.94 Cr whereas the issue size of the United Cotfab IPO is up to ₹36.29 Cr. The final issue price of TBI Corn IPO is ₹94.00 per share and of United Cotfab IPO is ₹70.00 per share.

  TBI Corn IPO United Cotfab IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹90.00 per share
Issue Price (Upper) ₹94.00 per share
Issue Price (Final) ₹94.00 per share ₹70.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 1200 shares 2000 shares
Fresh Issue Size 47,80,800 shares 51,84,000 shares
Fresh Issue Size (Amount) up to ₹44.94 Cr up to ₹36.29 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 47,80,800 shares 51,84,000 shares
Issue Size Total (Amount) up to ₹44.94 Cr up to ₹36.29 Cr

IPO Timetable

TBI Corn IPO opens on May 31, 2024, while United Cotfab IPO opens on Jun 13, 2024. The closing date of TBI Corn IPO and United Cotfab IPO is Jun 04, 2024, and Jun 19, 2024, respectively.

  TBI Corn IPO United Cotfab IPO
Anchor Bid Date May 30, 2024
Issue Open May 31, 2024 Jun 13, 2024
Issue Close Jun 04, 2024 Jun 19, 2024
Basis Of Allotment (Tentative) Jun 05, 2024 Jun 20, 2024
Initiation of Refunds (Tentative) Jun 06, 2024 Jun 21, 2024
Credit of Share (Tentative) Jun 06, 2024 Jun 21, 2024
Listing date (Tentative) Jun 07, 2024 Jun 24, 2024
Anchor Lockin End date 1 Jul 05, 2024
Anchor Lockin End date 2 Sep 03, 2024

Financials

TBI Corn IPO P/E ratio is 18.33, as compared to United Cotfab IPO P/E ratio of 9.7.

  TBI Corn IPO United Cotfab IPO
Financial

TBI Corn Limited Financial Information (Restated)

TBI Corn Limited's revenue increased by 39.07% and profit after tax (PAT) rose by 1419.24% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets9,511.5012,162.044,317.634,254.86
Revenue10,196.5314,042.6310,097.266,776.38
Profit After Tax766.45686.0945.1623.93
Net Worth4,067.702,677.81683.24512.42
Reserves and Surplus2,729.941,677.49
Total Borrowing5,137.136,352.822,549.482,300.94
Amount in ₹ Lakhs

United Cotfab Limited Financial Information (Restated)

United Cotfab Limited's revenue increased by 17945.52% and profit after tax (PAT) rose by 6121.46% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 202231 Mar 2021
Assets8,168.465,367.711,559.95107.10
Revenue11,552.7464.021.88
Profit After Tax866.6513.931.60-0.11
Net Worth1,356.42993.56681.970.22
Reserves and Surplus188.10
Total Borrowing4,750.933,821.18773.47106.50
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 76.65% 100.00%
Promoter Shareholding (Post-Issue) 57.71% 69.84%
P/E Ratio 18.33 9.7
Market Cap ₹170.69 Cr. ₹120.33 Cr.
ROE 18.84%% 72.76%%
ROCE 18.65%% 26.95%%
Debt/Equity 0.43 3.42
EPS ₹5.13 ₹7.22
RoNW 18.84%% 63.89%%

Shares Offered

In the TBI Corn IPO retail investors (RII) are offered 5,92,000 shares while in United Cotfab IPO retail investors are offered 5,92,000 shares. Qualified institutional buyers (QIB) are offered 9,08,800 shares in TBI Corn IPO and 0 shares in United Cotfab IPO.

  TBI Corn IPO United Cotfab IPO
Anchor Investor Reserveration 13,58,400 shares
Market Maker Reserveration 2,40,000 shares 2,60,000 shares
QIB 9,08,800 shares 0 shares
NII 6,81,600 shares 24,62,000 shares
RII 5,92,000 shares 24,62,000 shares
Employee 0 shares 0 shares
Others
Total 31,82,400 shares 49,24,000 shares

Bids Received (Subscription)

TBI Corn IPO subscribed 231.21x in total, whereas United Cotfab IPO subscribed 107.16x.

  TBI Corn IPO United Cotfab IPO
QIB (times) 81.41x
NII (times) 516.50x 114.71x
Big NII (times)
Small NII (times)
RII (times) 523.29x 77.22x
Employee (times)
Other (times)
Total (times) 231.21x 107.16x

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