Deepak Chemtex IPO vs Shanti Spintex IPO

Comparision between Deepak Chemtex IPO and Shanti Spintex IPO.

IPO Details

Deepak Chemtex IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Shanti Spintex IPO is a SME Book Built Issue proposed to list at BSE SME.

	Deepak Chemtex IPO	Shanti Spintex IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE SME	BSE SME
Lead Managers	Hem Securities Limited	Hem Securities Limited
Registrar	Bigshare Services Pvt Ltd	Kfin Technologies Limited
Market Maker	Hem Finlease Private Limited	Hem Finlease 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 Deepak Chemtex IPO is up to ₹23.04 Cr whereas the issue size of the Shanti Spintex IPO is up to ₹31.25 Cr. The final issue price of Deepak Chemtex IPO is ₹80.00 per share and of Shanti Spintex IPO is ₹70.00 per share.

	Deepak Chemtex IPO	Shanti Spintex IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹76.00 per share	₹66.00 per share
Issue Price (Upper)	₹80.00 per share	₹70.00 per share
Issue Price (Final)	₹80.00 per share	₹70.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	2000 shares
Fresh Issue Size	28,80,000 shares	26,88,000 shares
Fresh Issue Size (Amount)	up to ₹23.04 Cr	up to ₹18.82 Cr
OFS Issue Size		17,76,000 shares
OFS Issue Size (Amount)		up to ₹12.43 Cr
Issue Size Total	28,80,000 shares	44,64,000 shares
Issue Size Total (Amount)	up to ₹23.04 Cr	up to ₹31.25 Cr

IPO Timetable

Deepak Chemtex IPO opens on Nov 29, 2023, while Shanti Spintex IPO opens on Dec 19, 2023. The closing date of Deepak Chemtex IPO and Shanti Spintex IPO is Dec 01, 2023, and Dec 21, 2023, respectively.

	Deepak Chemtex IPO	Shanti Spintex IPO
Anchor Bid Date	Nov 28, 2023
Issue Open	Nov 29, 2023	Dec 19, 2023
Issue Close	Dec 01, 2023	Dec 21, 2023
Basis Of Allotment (Tentative)	Dec 06, 2023	Dec 22, 2023
Initiation of Refunds (Tentative)	Dec 07, 2023	Dec 26, 2023
Credit of Share (Tentative)	Dec 08, 2023	Dec 26, 2023
Listing date (Tentative)	Dec 06, 2023	Dec 27, 2023
Anchor Lockin End date 1	Jan 05, 2024	Jan 21, 2024
Anchor Lockin End date 2	Mar 05, 2024	Mar 21, 2024

Financials

Deepak Chemtex IPO P/E ratio is 10.14, as compared to Shanti Spintex IPO P/E ratio of 9.82.

Deepak Chemtex IPO

Shanti Spintex IPO

Financial

Deepak Chemtex Limited Financial Information (Restated Consolidated)

Deepak Chemtex Limited's revenue decreased by -12.12% and profit after tax (PAT) rose by 49.14% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022
Assets	2,820.64	2,382.32	1,715.17
Revenue	2,212.95	4,783.72	5,443.68
Profit After Tax	311.18	631.02	423.10
Net Worth	1,879.90	1,568.88	938.43
Reserves and Surplus	1,081.50	1,518.98	888.53
Total Borrowing	120.78	136.80	199.49
Amount in ₹ Lakhs

Shanti Spintex Limited Financial Information (Restated)

Shanti Spintex Limited's revenue increased by 45.23% and profit after tax (PAT) rose by 108.14% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	17,457.31	17,588.33	13,631.33	11,926.82
Revenue	16,237.63	37,071.27	25,526.51	11,293.73
Profit After Tax	523.75	1,012.81	486.59	337.53
Net Worth	6,122.31	5,603.93	4,622.73	4,136.14
Reserves and Surplus	4,702.31	4,893.93	3,912.73	3,426.14
Total Borrowing	3,474.45	4,177.66	4,868.64	4,278.83
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.40%

87.49%

Promoter Shareholding (Post-Issue)

73.05%

73.57%

P/E Ratio

10.14

9.82

Market Cap

₹86.91 Cr.

₹118.22 Cr.

ROE

50.27%%

19.81%%

ROCE

49.65%%

10.12%%

Debt/Equity

0.09

0.75

EPS

₹7.89

₹7.13

RoNW

40.17%%

18.07%%

Shares Offered

In the Deepak Chemtex IPO retail investors (RII) are offered 9,56,800 shares while in Shanti Spintex IPO retail investors are offered 9,56,800 shares. Qualified institutional buyers (QIB) are offered 5,47,200 shares in Deepak Chemtex IPO and 8,48,000 shares in Shanti Spintex IPO.

	Deepak Chemtex IPO	Shanti Spintex IPO
Anchor Investor Reserveration	8,17,600 shares	12,72,000 shares
Market Maker Reserveration	1,47,200 shares	2,24,000 shares
QIB	5,47,200 shares	8,48,000 shares
NII	4,11,200 shares	6,36,000 shares
RII	9,56,800 shares	14,84,000 shares
Employee	0 shares	0 shares
Others
Total	19,15,200 shares	29,68,000 shares

Bids Received (Subscription)

Deepak Chemtex IPO subscribed 403.03x in total, whereas Shanti Spintex IPO subscribed 27.38x.

	Deepak Chemtex IPO	Shanti Spintex IPO
QIB (times)	96.80x	14.34x
NII (times)	642.25x	57.28x
Big NII (times)
Small NII (times)
RII (times)	475.36x	22.01x
Employee (times)
Other (times)
Total (times)	403.03x	27.38x

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