Dhariwalcorp IPO vs Positron Energy IPO

Comparision between Dhariwalcorp IPO and Positron Energy IPO.

IPO Details

Dhariwalcorp IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Positron Energy IPO is a SME Book Built Issue proposed to list at NSE SME.

	Dhariwalcorp IPO	Positron Energy IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Shreni Shares Limited	Beeline Capital Advisors Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Link Intime India Private Ltd
Market Maker	Shreni Shares Limited	Spread X Securities Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Dhariwalcorp IPO is up to ₹25.15 Cr whereas the issue size of the Positron Energy IPO is up to ₹51.21 Cr. The final issue price of Dhariwalcorp IPO is ₹106.00 per share and of Positron Energy IPO is ₹250.00 per share.

	Dhariwalcorp IPO	Positron Energy IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹102.00 per share	₹238.00 per share
Issue Price (Upper)	₹106.00 per share	₹250.00 per share
Issue Price (Final)	₹106.00 per share	₹250.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	600 shares
Fresh Issue Size	23,72,400 shares	20,48,400 shares
Fresh Issue Size (Amount)	up to ₹25.15 Cr	up to ₹51.21 Cr
OFS Issue Size
OFS Issue Size (Amount)		up to ₹0.00 Cr
Issue Size Total	23,72,400 shares	20,48,400 shares
Issue Size Total (Amount)	up to ₹25.15 Cr	up to ₹51.21 Cr

IPO Timetable

Dhariwalcorp IPO opens on Aug 01, 2024, while Positron Energy IPO opens on Aug 12, 2024. The closing date of Dhariwalcorp IPO and Positron Energy IPO is Aug 05, 2024, and Aug 14, 2024, respectively.

	Dhariwalcorp IPO	Positron Energy IPO
Anchor Bid Date	Jul 31, 2024	Aug 09, 2024
Issue Open	Aug 01, 2024	Aug 12, 2024
Issue Close	Aug 05, 2024	Aug 14, 2024
Basis Of Allotment (Tentative)	Aug 06, 2024	Aug 16, 2024
Initiation of Refunds (Tentative)	Aug 07, 2024	Aug 19, 2024
Credit of Share (Tentative)	Aug 07, 2024	Aug 19, 2024
Listing date (Tentative)	Aug 08, 2024	Aug 20, 2024
Anchor Lockin End date 1	Sep 05, 2024	Sep 15, 2024
Anchor Lockin End date 2	Nov 04, 2024	Nov 14, 2024

Financials

Dhariwalcorp IPO P/E ratio is 15.48, as compared to Positron Energy IPO P/E ratio of 15.79.

Dhariwalcorp IPO

Positron Energy IPO

Financial

Dhariwalcorp Limited Financial Information (Restated)

Dhariwalcorp Limited's revenue increased by 18.4% and profit after tax (PAT) rose by 653.06% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	2,131.30	1,961.06	1,351.04
Revenue	23,111.35	19,519.43	15,920.11
Profit After Tax	450.63	59.84	142.41
Net Worth	875.00	251.42	191.58
Reserves and Surplus	217.10	241.42	181.58
Total Borrowing	878.76	618.13	571.43
Amount in ₹ Lakhs

Positron Energy Limited Financial Information (Restated Consolidated)

Positron Energy Limited's revenue increased by 160.29% and profit after tax (PAT) rose by 312.96% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	3,789.02	2,476.25	938.90
Revenue	13,541.76	5,202.61	896.85
Profit After Tax	878.78	212.80	57.98
Net Worth	1,489.26	566.87	354.45
Reserves and Surplus	934.06	532.17	319.75
Total Borrowing	1,027.90	741.81	368.33
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.99%

98.56%

Promoter Shareholding (Post-Issue)

73.50%

72.00%

P/E Ratio

15.48

15.79

Market Cap

₹94.88 Cr.

₹190.01 Cr.

ROE

51.50%%

0.85%%

ROCE

59.80%%

0.62%%

Debt/Equity

0.69

EPS

₹6.85

₹15.83

RoNW

51.50%%

59.01%%

Shares Offered

In the Dhariwalcorp IPO retail investors (RII) are offered 7,98,000 shares while in Positron Energy IPO retail investors are offered 7,98,000 shares. Qualified institutional buyers (QIB) are offered 4,42,800 shares in Dhariwalcorp IPO and 3,88,800 shares in Positron Energy IPO.

	Dhariwalcorp IPO	Positron Energy IPO
Anchor Investor Reserveration	6,60,000 shares	5,83,200 shares
Market Maker Reserveration	1,23,600 shares	1,02,600 shares
QIB	4,42,800 shares	3,88,800 shares
NII	3,48,000 shares	2,92,200 shares
RII	7,98,000 shares	6,81,600 shares
Employee	0 shares	0 shares
Others
Total	15,88,800 shares	13,62,600 shares

Bids Received (Subscription)

Dhariwalcorp IPO subscribed 174.95x in total, whereas Positron Energy IPO subscribed 414.86x.

	Dhariwalcorp IPO	Positron Energy IPO
QIB (times)	76.93x	231.41x
NII (times)	279.17x	805.84x
Big NII (times)
Small NII (times)
RII (times)	183.89x	351.90x
Employee (times)
Other (times)
Total (times)	174.95x	414.86x

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