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Purv Flexipack IPO vs Zenith Drugs IPO

Comparision between Purv Flexipack IPO and Zenith Drugs IPO.

IPO Details

Purv Flexipack IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Zenith Drugs IPO is a SME Book Built Issue proposed to list at NSE SME.

  Purv Flexipack IPO Zenith Drugs IPO
Logo Purv Flexipack IPO Logo Zenith Drugs IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Book Built Issue Book Built Issue
Listing At NSE SME NSE SME
Lead Managers Holani Consultants Private Limited Gretex Corporate Services Limited
Registrar Link Intime India Private Ltd Bigshare Services Pvt Ltd
Market Maker Holani Consultants Private Limited Gretex Share Broking Private Limited
DRHP DRHP DRHP
RHP RHP RHP
Anchor Investor Anchor Investor Anchor Investor
IPO Allotment URL IPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Purv Flexipack IPO is up to ₹40.21 Cr whereas the issue size of the Zenith Drugs IPO is up to ₹40.68 Cr. The final issue price of Purv Flexipack IPO is ₹71.00 per share and of Zenith Drugs IPO is ₹79.00 per share.

  Purv Flexipack IPO Zenith Drugs IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹70.00 per share ₹75.00 per share
Issue Price (Upper) ₹71.00 per share ₹79.00 per share
Issue Price (Final) ₹71.00 per share ₹79.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 1600 shares 1600 shares
Fresh Issue Size 56,64,000 shares 51,48,800 shares
Fresh Issue Size (Amount) up to ₹40.21 Cr up to ₹40.68 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 56,64,000 shares 51,48,800 shares
Issue Size Total (Amount) up to ₹40.21 Cr up to ₹40.68 Cr

IPO Timetable

Purv Flexipack IPO opens on Feb 27, 2024, while Zenith Drugs IPO opens on Feb 19, 2024. The closing date of Purv Flexipack IPO and Zenith Drugs IPO is Feb 29, 2024, and Feb 22, 2024, respectively.

  Purv Flexipack IPO Zenith Drugs IPO
Anchor Bid Date Feb 26, 2024 Feb 16, 2024
Issue Open Feb 27, 2024 Feb 19, 2024
Issue Close Feb 29, 2024 Feb 22, 2024
Basis Of Allotment (Tentative) Mar 01, 2024 Feb 23, 2024
Initiation of Refunds (Tentative) Mar 04, 2024 Feb 26, 2024
Credit of Share (Tentative) Mar 04, 2024 Feb 26, 2024
Listing date (Tentative) Mar 05, 2024 Feb 27, 2024
Anchor Lockin End date 1 Mar 31, 2024 Mar 24, 2024
Anchor Lockin End date 2 May 30, 2024 May 23, 2024

Financials

Purv Flexipack IPO P/E ratio is 13.17, as compared to Zenith Drugs IPO P/E ratio of 18.4.

  Purv Flexipack IPO Zenith Drugs IPO
Financial

Purv Flexipack Limited Financial Information (Restated)

Purv Flexipack Limited's revenue increased by 48.66% and profit after tax (PAT) rose by 31.82% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets28,315.6425,852.8318,146.7315,417.62
Revenue13,935.7934,107.8322,943.8113,780.26
Profit After Tax430.13826.13626.73567.50
Net Worth8,152.427,619.226,793.095,898.36
Reserves and Surplus6,740.546,207.345,381.214,486.48
Total Borrowing15,013.9612,350.988,340.107,077.77
Amount in ₹ Lakhs

Zenith Drugs Limited Financial Information (Restated Consolidated)

Zenith Drugs Limited's revenue increased by 24.85% and profit after tax (PAT) rose by 64.7% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 2022
Assets11,249.049,793.836,858.47
Revenue6,948.4311,569.659,266.63
Profit After Tax539.38515.29312.86
Net Worth2,264.961,724.421,209.09
Reserves and Surplus1,064.961,684.421,169.09
Total Borrowing2,902.812,605.031,880.86
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 92.17% 100.00%
Promoter Shareholding (Post-Issue) 69.98%
P/E Ratio 13.17 18.4
Market Cap ₹148.98 Cr. ₹135.48 Cr.
ROE 11.46%% 35.13%%
ROCE 18.50%% 37.29%%
Debt/Equity 1.62 1.51
EPS ₹5.39 ₹4.29
RoNW 10.84%% 29.88%%

Shares Offered

In the Purv Flexipack IPO retail investors (RII) are offered 19,00,800 shares while in Zenith Drugs IPO retail investors are offered 19,00,800 shares. Qualified institutional buyers (QIB) are offered 10,52,800 shares in Purv Flexipack IPO and 8,59,200 shares in Zenith Drugs IPO.

  Purv Flexipack IPO Zenith Drugs IPO
Anchor Investor Reserveration 15,16,800 shares 12,88,000 shares
Market Maker Reserveration 3,48,800 shares 8,52,800 shares
QIB 10,52,800 shares 8,59,200 shares
NII 8,44,800 shares 6,44,800 shares
RII 19,00,800 shares 15,04,000 shares
Employee 0 shares 0 shares
Others
Total 37,98,400 shares 30,08,000 shares

Bids Received (Subscription)

Purv Flexipack IPO subscribed 421.78x in total, whereas Zenith Drugs IPO subscribed 179.18x.

  Purv Flexipack IPO Zenith Drugs IPO
QIB (times) 157.32x 106.72x
NII (times) 690.72x 368.77x
Big NII (times)
Small NII (times)
RII (times) 448.73x 139.28x
Employee (times)
Other (times)
Total (times) 421.78x 179.18x

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