Aztec Fluids & Machinery IPO vs TGIF Agribusiness IPO

Comparision between Aztec Fluids & Machinery IPO and TGIF Agribusiness IPO.

IPO Details

Aztec Fluids & Machinery IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while TGIF Agribusiness IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Aztec Fluids & Machinery IPO	TGIF Agribusiness IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	BSE SME	BSE SME
Lead Managers	Hem Securities Limited	Hem Securities Limited
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Hem Finlease Private Limited	Hem Finlease 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 Aztec Fluids & Machinery IPO is up to ₹24.12 Cr whereas the issue size of the TGIF Agribusiness IPO is up to ₹6.39 Cr. The final issue price of Aztec Fluids & Machinery IPO is ₹67.00 per share and of TGIF Agribusiness IPO is ₹93.00 per share.

	Aztec Fluids & Machinery IPO	TGIF Agribusiness IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹63.00 per share
Issue Price (Upper)	₹67.00 per share
Issue Price (Final)	₹67.00 per share	₹93.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	1200 shares
Fresh Issue Size	36,00,000 shares	6,87,600 shares
Fresh Issue Size (Amount)	up to ₹24.12 Cr	up to ₹6.39 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	36,00,000 shares	6,87,600 shares
Issue Size Total (Amount)	up to ₹24.12 Cr	up to ₹6.39 Cr

IPO Timetable

Aztec Fluids & Machinery IPO opens on May 10, 2024, while TGIF Agribusiness IPO opens on May 08, 2024. The closing date of Aztec Fluids & Machinery IPO and TGIF Agribusiness IPO is May 14, 2024, and May 10, 2024, respectively.

	Aztec Fluids & Machinery IPO	TGIF Agribusiness IPO
Anchor Bid Date	May 09, 2024
Issue Open	May 10, 2024	May 08, 2024
Issue Close	May 14, 2024	May 10, 2024
Basis Of Allotment (Tentative)	May 15, 2024	May 13, 2024
Initiation of Refunds (Tentative)	May 16, 2024	May 14, 2024
Credit of Share (Tentative)	May 16, 2024	May 14, 2024
Listing date (Tentative)	May 17, 2024	May 15, 2024
Anchor Lockin End date 1	Jun 14, 2024
Anchor Lockin End date 2	Aug 13, 2024

Financials

Aztec Fluids & Machinery IPO P/E ratio is 20.47, as compared to TGIF Agribusiness IPO P/E ratio of 13.58.

Aztec Fluids & Machinery IPO

TGIF Agribusiness IPO

Financial

Aztec Fluids & Machinery Limited Financial Information (Restated)

Aztec Fluids & Machinery Limited's revenue increased by 17.46% and profit after tax (PAT) rose by 5.18% 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	4,287.00	3,090.06	2,707.75	2,112.81
Revenue	5,182.38	5,452.97	4,642.56	3,467.75
Profit After Tax	450.74	327.38	311.25	246.28
Net Worth	1,986.34	1,535.60	1,238.56	958.92
Reserves and Surplus	986.34	1,335.60	1,237.56	957.92
Total Borrowing	565.95	562.31	552.40	514.34
Amount in ₹ Lakhs

TGIF Agribusiness Limited Financial Information (Restated)

TGIF Agribusiness Limited's revenue increased by 12.14% and profit after tax (PAT) rose by 12.63% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Nov 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	282.32	187.52	65.33	291.62
Revenue	171.79	232.28	207.14	181.59
Profit After Tax	81.41	130.07	115.48	38.18
Net Worth	190.00	175.89	45.82	257.91
Total Borrowing	67.30
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

99.80%

Promoter Shareholding (Post-Issue)

73.28%

P/E Ratio

20.47

13.58

Market Cap

₹91.12 Cr.

₹24.06 Cr.

ROE

25.60%%

ROCE

25.38%%

Debt/Equity

0.28

EPS

₹3.27

₹6.85

RoNW

22.69%%

42.85%

Shares Offered

In the Aztec Fluids & Machinery IPO retail investors (RII) are offered 11,98,000 shares while in TGIF Agribusiness IPO retail investors are offered 11,98,000 shares. Qualified institutional buyers (QIB) are offered 6,84,000 shares in Aztec Fluids & Machinery IPO and 0 shares in TGIF Agribusiness IPO.

	Aztec Fluids & Machinery IPO	TGIF Agribusiness IPO
Anchor Investor Reserveration	10,22,000 shares
Market Maker Reserveration	1,82,000 shares	34,800 shares
QIB	6,84,000 shares	0 shares
NII	5,14,000 shares	3,26,400 shares
RII	11,98,000 shares	3,26,400 shares
Employee	0 shares	0 shares
Others
Total	23,96,000 shares	6,52,800 shares

Bids Received (Subscription)

Aztec Fluids & Machinery IPO subscribed 218.38x in total, whereas TGIF Agribusiness IPO subscribed 37.13x.

	Aztec Fluids & Machinery IPO	TGIF Agribusiness IPO
QIB (times)	107.93x
NII (times)	341.94x	35.35x
Big NII (times)
Small NII (times)
RII (times)	228.43x	32.92x
Employee (times)
Other (times)
Total (times)	218.38x	37.13x

Compare with others

Aztec Fluids & Machinery IPO	TGIF Agribusiness IPO
Rulka Electricals IPO	Indian Emulsifier IPO
Quest Laboratories IPO	Aztec Fluids & Machinery IPO
Piotex Industries IPO	Premier Roadlines IPO
Veritaas Advertising IPO	Silkflex Polymers IPO
Indian Emulsifier IPO	Energy Mission Machineries IPO
Premier Roadlines IPO	Refractory Shapes IPO
Silkflex Polymers IPO	Winsol Engineers IPO
Energy Mission Machineries IPO	Slone Infosystems IPO
TGIF Agribusiness IPO	Sai Swami Metals and Alloys IPO
Refractory Shapes IPO	Amkay Products IPO

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