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Thaai Casting IPO vs Zenith Drugs IPO

Comparision between Thaai Casting IPO and Zenith Drugs IPO.

IPO Details

Thaai Casting 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.

  Thaai Casting IPO Zenith Drugs IPO
Logo Thaai Casting 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 GYR Capital Advisors Private Limited Gretex Corporate Services Limited
Registrar Purva Sharegistry India Pvt Ltd Bigshare Services Pvt Ltd
Market Maker Giriraj Stock Broking 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 Thaai Casting IPO is up to ₹47.20 Cr whereas the issue size of the Zenith Drugs IPO is up to ₹40.68 Cr. The final issue price of Thaai Casting IPO is ₹77.00 per share and of Zenith Drugs IPO is ₹79.00 per share.

  Thaai Casting IPO Zenith Drugs IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹73.00 per share ₹75.00 per share
Issue Price (Upper) ₹77.00 per share ₹79.00 per share
Issue Price (Final) ₹77.00 per share ₹79.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 1600 shares 1600 shares
Fresh Issue Size 61,29,600 shares 51,48,800 shares
Fresh Issue Size (Amount) up to ₹47.20 Cr up to ₹40.68 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 61,29,600 shares 51,48,800 shares
Issue Size Total (Amount) up to ₹47.20 Cr up to ₹40.68 Cr

IPO Timetable

Thaai Casting IPO opens on Feb 15, 2024, while Zenith Drugs IPO opens on Feb 19, 2024. The closing date of Thaai Casting IPO and Zenith Drugs IPO is Feb 20, 2024, and Feb 22, 2024, respectively.

  Thaai Casting IPO Zenith Drugs IPO
Anchor Bid Date Feb 14, 2024 Feb 16, 2024
Issue Open Feb 15, 2024 Feb 19, 2024
Issue Close Feb 20, 2024 Feb 22, 2024
Basis Of Allotment (Tentative) Feb 21, 2024 Feb 23, 2024
Initiation of Refunds (Tentative) Feb 21, 2024 Feb 26, 2024
Credit of Share (Tentative) Feb 22, 2024 Feb 26, 2024
Listing date (Tentative) Feb 23, 2024 Feb 27, 2024
Anchor Lockin End date 1 Mar 21, 2024 Mar 24, 2024
Anchor Lockin End date 2 May 20, 2024 May 23, 2024

Financials

Thaai Casting IPO P/E ratio is 25.99, as compared to Zenith Drugs IPO P/E ratio of 18.4.

  Thaai Casting IPO Zenith Drugs IPO
Financial

Thaai Casting Ltd Financial Information (Restated Standalone)

Thaai Casting Ltd's revenue increased by 27.84% and profit after tax (PAT) rose by 336.49% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Oct 202331 Mar 202331 Mar 202231 Mar 2021
Assets14,638.255,498.523,752.292,379.19
Revenue4,848.914,911.643,841.942,048.70
Profit After Tax860.93503.71115.4040.33
Net Worth4,116.941,617.31894.84473.46
Reserves and Surplus620.78
Total Borrowing7,830.032,985.102,351.151,313.51
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) 86.50% 100.00%
Promoter Shareholding (Post-Issue) 69.98%
P/E Ratio 25.99 18.4
Market Cap ₹178.10 Cr. ₹135.48 Cr.
ROE 35.13%%
ROCE 13%% 37.29%%
Debt/Equity 1.85 1.51
EPS ₹2.96 ₹4.29
RoNW 40.10%% 29.88%%

Shares Offered

In the Thaai Casting IPO retail investors (RII) are offered 20,24,000 shares while in Zenith Drugs IPO retail investors are offered 20,24,000 shares. Qualified institutional buyers (QIB) are offered 11,56,800 shares in Thaai Casting IPO and 8,59,200 shares in Zenith Drugs IPO.

  Thaai Casting IPO Zenith Drugs IPO
Anchor Investor Reserveration 17,34,400 shares 12,88,000 shares
Market Maker Reserveration 3,47,200 shares 8,52,800 shares
QIB 11,56,800 shares 8,59,200 shares
NII 8,67,200 shares 6,44,800 shares
RII 20,24,000 shares 15,04,000 shares
Employee 0 shares 0 shares
Others
Total 40,48,000 shares 30,08,000 shares

Bids Received (Subscription)

Thaai Casting IPO subscribed 375.43x in total, whereas Zenith Drugs IPO subscribed 179.18x.

  Thaai Casting IPO Zenith Drugs IPO
QIB (times) 144.43x 106.72x
NII (times) 729.72x 368.77x
Big NII (times)
Small NII (times)
RII (times) 355.66x 139.28x
Employee (times)
Other (times)
Total (times) 375.43x 179.18x

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