Associated Coaters IPO vs TBI Corn IPO

Comparision between Associated Coaters IPO and TBI Corn IPO.

IPO Details

Associated Coaters IPO is a SME Book Built Issue IPO proposed to list at BSE SME while TBI Corn IPO is a SME Book Built Issue proposed to list at NSE SME.

	Associated Coaters IPO	TBI Corn IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	BSE SME	NSE SME
Lead Managers	Gretex Corporate Services Limited	Swastika Investmart Ltd Ekadrisht Capital Private Limited
Registrar	Bigshare Services Pvt Ltd	Kfin Technologies Limited
Market Maker	Gretex Share 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 Associated Coaters IPO is up to ₹5.11 Cr whereas the issue size of the TBI Corn IPO is up to ₹44.94 Cr. The final issue price of Associated Coaters IPO is ₹121.00 per share and of TBI Corn IPO is ₹94.00 per share.

	Associated Coaters IPO	TBI Corn 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)	₹121.00 per share	₹94.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1000 shares	1200 shares
Fresh Issue Size	4,22,000 shares	47,80,800 shares
Fresh Issue Size (Amount)	up to ₹5.11 Cr	up to ₹44.94 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	4,22,000 shares	47,80,800 shares
Issue Size Total (Amount)	up to ₹5.11 Cr	up to ₹44.94 Cr

IPO Timetable

Associated Coaters IPO opens on May 30, 2024, while TBI Corn IPO opens on May 31, 2024. The closing date of Associated Coaters IPO and TBI Corn IPO is Jun 03, 2024, and Jun 04, 2024, respectively.

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

Financials

Associated Coaters IPO P/E ratio is 20.72, as compared to TBI Corn IPO P/E ratio of 18.33.

Associated Coaters IPO

TBI Corn IPO

Financial

Associated Coaters Limited Financial Information (Restated)

Associated Coaters Limited's revenue increased by 157.47% and profit after tax (PAT) rose by 297.22% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	364.74	296.12	201.81	2.72
Revenue	397.00	358.94	139.41
Profit After Tax	75.77	54.30	13.67	-0.14
Net Worth	141.11	70.34	16.05	2.38
Reserves and Surplus	48.11	67.34	13.05	-0.62
Total Borrowing	9.90	9.90	10.10	0.20
Amount in ₹ Lakhs

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 Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	9,511.50	12,162.04	4,317.63	4,254.86
Revenue	10,196.53	14,042.63	10,097.26	6,776.38
Profit After Tax	766.45	686.09	45.16	23.93
Net Worth	4,067.70	2,677.81	683.24	512.42
Reserves and Surplus	2,729.94	1,677.49
Total Borrowing	5,137.13	6,352.82	2,549.48	2,300.94
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

76.65%

Promoter Shareholding (Post-Issue)

68.79%

57.71%

P/E Ratio

20.72

18.33

Market Cap

₹16.36 Cr.

₹170.69 Cr.

ROE

71.66%%

18.84%%

ROCE

68.30%%

18.65%%

Debt/Equity

0.07

0.43

EPS

₹5.84

₹5.13

RoNW

53.69%%

18.84%%

Shares Offered

In the Associated Coaters IPO retail investors (RII) are offered 1,78,000 shares while in TBI Corn IPO retail investors are offered 1,78,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Associated Coaters IPO and 9,08,800 shares in TBI Corn IPO.

	Associated Coaters IPO	TBI Corn IPO
Anchor Investor Reserveration		13,58,400 shares
Market Maker Reserveration	66,000 shares	2,40,000 shares
QIB	0 shares	9,08,800 shares
NII	1,78,000 shares	6,81,600 shares
RII	1,78,000 shares	5,92,000 shares
Employee	0 shares	0 shares
Others
Total	3,56,000 shares	31,82,400 shares

Bids Received (Subscription)

Associated Coaters IPO subscribed 371.14x in total, whereas TBI Corn IPO subscribed 231.21x.

	Associated Coaters IPO	TBI Corn IPO
QIB (times)		81.41x
NII (times)	239.63x	516.50x
Big NII (times)
Small NII (times)
RII (times)	494.99x	523.29x
Employee (times)
Other (times)
Total (times)	371.14x	231.21x

Compare with others

Associated Coaters IPO	TBI Corn IPO
GPES Solar IPO	United Cotfab IPO
United Cotfab IPO	3C IT IPO
3C IT IPO	Magenta Lifecare IPO
Magenta Lifecare IPO	Sattrix IPO
Sattrix IPO	Associated Coaters IPO
TBI Corn IPO	Ztech India IPO
Ztech India IPO	Aimtron Electronics IPO
Aimtron Electronics IPO	Beacon Trusteeship IPO
Beacon Trusteeship IPO	GSM Foils IPO
GSM Foils IPO	Vilas Transcore IPO

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