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GSM Foils IPO vs Ztech India IPO

Comparision between GSM Foils IPO and Ztech India IPO.

IPO Details

GSM Foils IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Ztech India IPO is a SME Book Built Issue proposed to list at NSE SME.

  GSM Foils IPO Ztech India IPO
Logo GSM Foils IPO Logo Ztech India 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 Shreni Shares Limited Narnolia Financial Services Ltd
Registrar Bigshare Services Pvt Ltd Maashitla Securities Private Limited
Market Maker Shreni Shares Limited Nvs Brokerage 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 GSM Foils IPO is up to ₹11.01 Cr whereas the issue size of the Ztech India IPO is up to ₹37.30 Cr. The final issue price of GSM Foils IPO is ₹32.00 per share and of Ztech India IPO is ₹110.00 per share.

  GSM Foils IPO Ztech India IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹104.00 per share
Issue Price (Upper) ₹110.00 per share
Issue Price (Final) ₹32.00 per share ₹110.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 4000 shares 1200 shares
Fresh Issue Size 34,40,000 shares 33,91,200 shares
Fresh Issue Size (Amount) up to ₹11.01 Cr up to ₹37.30 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 34,40,000 shares 33,91,200 shares
Issue Size Total (Amount) up to ₹11.01 Cr up to ₹37.30 Cr

IPO Timetable

GSM Foils IPO opens on May 24, 2024, while Ztech India IPO opens on May 29, 2024. The closing date of GSM Foils IPO and Ztech India IPO is May 28, 2024, and May 31, 2024, respectively.

  GSM Foils IPO Ztech India IPO
Anchor Bid Date May 28, 2024
Issue Open May 24, 2024 May 29, 2024
Issue Close May 28, 2024 May 31, 2024
Basis Of Allotment (Tentative) May 29, 2024 Jun 03, 2024
Initiation of Refunds (Tentative) May 30, 2024 Jun 05, 2024
Credit of Share (Tentative) May 30, 2024 Jun 05, 2024
Listing date (Tentative) May 31, 2024 Jun 05, 2024
Anchor Lockin End date 1 Jul 03, 2024
Anchor Lockin End date 2 Sep 01, 2024

Financials

GSM Foils IPO P/E ratio is 20.98, as compared to Ztech India IPO P/E ratio of 13.27.

  GSM Foils IPO Ztech India IPO
Financial

GSM Foils Limited Financial Information (Restated)

GSM Foils Limited's revenue decreased by -8.3% and profit after tax (PAT) rose by 124.62% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets2,208.181,438.181,050.65720.57
Revenue2,717.876,588.697,185.043,646.23
Profit After Tax124.79142.9763.6533.93
Net Worth126.99835.73659.06657.82
Reserves and Surplus124.79
Total Borrowing1,412.95242.43219.20
Amount in ₹ Lakhs

Ztech India Limited Financial Information (Restated Consolidated)

Ztech India Limited's revenue increased by 160.28% and profit after tax (PAT) rose by 296.44% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 202231 Mar 2021
Assets4,192.242,339.621,925.111,973.14
Revenue6,737.022,588.403,083.892,395.67
Profit After Tax779.83196.718.4264.62
Net Worth2,191.00998.95802.24793.82
Reserves and Surplus1,250.39888.95692.25683.82
Total Borrowing130.8471.0371.7493.75
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 99.99% 82.65%
Promoter Shareholding (Post-Issue) 73.14% 60.75%
P/E Ratio 20.98 13.27
Market Cap ₹41.00 Cr. ₹140.77 Cr.
ROE 23.62%% 34%%
ROCE 1.60%% 44.02%%
Debt/Equity 11.13 0.06
EPS ₹1.53 ₹8.29
RoNW 98.27%% 34%%

Shares Offered

In the GSM Foils IPO retail investors (RII) are offered 16,32,000 shares while in Ztech India IPO retail investors are offered 16,32,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in GSM Foils IPO and 6,44,400 shares in Ztech India IPO.

  GSM Foils IPO Ztech India IPO
Anchor Investor Reserveration 9,64,800 shares
Market Maker Reserveration 1,76,000 shares 1,70,400 shares
QIB 0 shares 6,44,400 shares
NII 16,32,000 shares 4,83,600 shares
RII 16,32,000 shares 11,28,000 shares
Employee 0 shares 0 shares
Others
Total 32,64,000 shares 22,56,000 shares

Bids Received (Subscription)

GSM Foils IPO subscribed 257.30x in total, whereas Ztech India IPO subscribed 371.39x.

  GSM Foils IPO Ztech India IPO
QIB (times) 123.10x
NII (times) 259.51x 832.37x
Big NII (times)
Small NII (times)
RII (times) 247.10x 315.59x
Employee (times)
Other (times)
Total (times) 257.30x 371.39x

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