Deepak Chemtex IPO vs Swashthik Plascon IPO

Comparision between Deepak Chemtex IPO and Swashthik Plascon IPO.

IPO Details

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

	Deepak Chemtex IPO	Swashthik Plascon 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	Shreni Shares Limited
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Hem Finlease Private Limited	Nikunj Stock Brokers 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 Swashthik Plascon IPO is up to ₹40.76 Cr. The final issue price of Deepak Chemtex IPO is ₹80.00 per share and of Swashthik Plascon IPO is ₹86.00 per share.

	Deepak Chemtex IPO	Swashthik Plascon IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹76.00 per share	₹80.00 per share
Issue Price (Upper)	₹80.00 per share	₹86.00 per share
Issue Price (Final)	₹80.00 per share	₹86.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	1600 shares
Fresh Issue Size	28,80,000 shares	47,39,200 shares
Fresh Issue Size (Amount)	up to ₹23.04 Cr	up to ₹40.76 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	28,80,000 shares	47,39,200 shares
Issue Size Total (Amount)	up to ₹23.04 Cr	up to ₹40.76 Cr

IPO Timetable

Deepak Chemtex IPO opens on Nov 29, 2023, while Swashthik Plascon IPO opens on Nov 24, 2023. The closing date of Deepak Chemtex IPO and Swashthik Plascon IPO is Dec 01, 2023, and Nov 29, 2023, respectively.

	Deepak Chemtex IPO	Swashthik Plascon IPO
Anchor Bid Date	Nov 28, 2023	Nov 23, 2023
Issue Open	Nov 29, 2023	Nov 24, 2023
Issue Close	Dec 01, 2023	Nov 29, 2023
Basis Of Allotment (Tentative)	Dec 06, 2023	Dec 04, 2023
Initiation of Refunds (Tentative)	Dec 07, 2023	Dec 05, 2023
Credit of Share (Tentative)	Dec 08, 2023	Dec 05, 2023
Listing date (Tentative)	Dec 06, 2023	Dec 05, 2023
Anchor Lockin End date 1	Jan 05, 2024	Jan 03, 2024
Anchor Lockin End date 2	Mar 05, 2024	Mar 03, 2024

Financials

Deepak Chemtex IPO P/E ratio is 10.14, as compared to Swashthik Plascon IPO P/E ratio of 17.23.

Deepak Chemtex IPO

Swashthik Plascon 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

Swashthik Plascon Limited Financial Information (Restated Consolidated)

Period Ended	30 Sep 2023	31 Mar 2023
Assets	11,416.09	11,076.25
Revenue	6,973.65	4,589.10
Profit After Tax	528.48	302.19
Net Worth	2,564.07	2,037.09
Reserves and Surplus	1,281.59	754.61
Total Borrowing	6,231.66	5,879.54
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.40%

60.00%

Promoter Shareholding (Post-Issue)

73.05%

43.81%

P/E Ratio

10.14

17.23

Market Cap

₹86.91 Cr.

₹151.05 Cr.

ROE

50.27%%

22.78%%

ROCE

49.65%%

17.30%%

Debt/Equity

0.09

2.89

EPS

₹7.89

₹4.99

RoNW

40.17%%

14.95%%

Shares Offered

In the Deepak Chemtex IPO retail investors (RII) are offered 9,56,800 shares while in Swashthik Plascon IPO retail investors are offered 9,56,800 shares. Qualified institutional buyers (QIB) are offered 5,47,200 shares in Deepak Chemtex IPO and 9,00,800 shares in Swashthik Plascon IPO.

	Deepak Chemtex IPO	Swashthik Plascon IPO
Anchor Investor Reserveration	8,17,600 shares	13,48,800 shares
Market Maker Reserveration	1,47,200 shares	2,38,400 shares
QIB	5,47,200 shares	9,00,800 shares
NII	4,11,200 shares	6,75,200 shares
RII	9,56,800 shares	15,76,000 shares
Employee	0 shares	0 shares
Others
Total	19,15,200 shares	31,52,000 shares

Bids Received (Subscription)

Deepak Chemtex IPO subscribed 403.03x in total, whereas Swashthik Plascon IPO subscribed 15.43x.

	Deepak Chemtex IPO	Swashthik Plascon IPO
QIB (times)	96.80x	3.42x
NII (times)	642.25x	35.76x
Big NII (times)
Small NII (times)
RII (times)	475.36x	13.58x
Employee (times)
Other (times)
Total (times)	403.03x	15.43x

Compare with others

Deepak Chemtex IPO	Swashthik Plascon IPO
Marinetrans India IPO	Shanti Spintex IPO
Shanti Spintex IPO	Graphisads IPO
Graphisads IPO	AMIC Forging IPO
AMIC Forging IPO	Net Avenue Technologies IPO
Net Avenue Technologies IPO	Deepak Chemtex IPO
Swashthik Plascon IPO	Rockingdeals Circular Economy IPO
Rockingdeals Circular Economy IPO	Arrowhead Seperation Engineering IPO
Arrowhead Seperation Engineering IPO	Kalyani Cast Tech IPO
Kalyani Cast Tech IPO	ROX Hi-Tech IPO
ROX Hi-Tech IPO	Sunrest Lifescience IPO

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