Dhariwalcorp IPO vs Sunlite Recycling Industries IPO

Comparision between Dhariwalcorp IPO and Sunlite Recycling Industries IPO.

IPO Details

Dhariwalcorp IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Sunlite Recycling Industries IPO is a SME Book Built Issue proposed to list at NSE SME.

	Dhariwalcorp IPO	Sunlite Recycling Industries 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	Hem Securities Limited
Registrar	Bigshare Services Pvt Ltd	Cameo Corporate Services Limited
Market Maker	Shreni Shares 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 Dhariwalcorp IPO is up to ₹25.15 Cr whereas the issue size of the Sunlite Recycling Industries IPO is up to ₹30.24 Cr. The final issue price of Dhariwalcorp IPO is ₹106.00 per share and of Sunlite Recycling Industries IPO is ₹105.00 per share.

	Dhariwalcorp IPO	Sunlite Recycling Industries IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹102.00 per share	₹100.00 per share
Issue Price (Upper)	₹106.00 per share	₹105.00 per share
Issue Price (Final)	₹106.00 per share	₹105.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	1200 shares
Fresh Issue Size	23,72,400 shares	28,80,000 shares
Fresh Issue Size (Amount)	up to ₹25.15 Cr	up to ₹30.24 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	23,72,400 shares	28,80,000 shares
Issue Size Total (Amount)	up to ₹25.15 Cr	up to ₹30.24 Cr

IPO Timetable

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

	Dhariwalcorp IPO	Sunlite Recycling Industries 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 Sunlite Recycling Industries IPO P/E ratio of 9.43.

Dhariwalcorp IPO

Sunlite Recycling Industries 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

Sunlite Recycling Industries Limited Financial Information (Restated)

Sunlite Recycling Industries Limited's revenue increased by 1.4% and profit after tax (PAT) rose by 58.92% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	6,321.24	7,162.56	4,802.05	3,743.20
Revenue	116,655.09	115,039.91	93,791.80	39,400.84
Profit After Tax	890.36	560.27	426.03	252.55
Net Worth	2,003.90	362.08	1,158.58	622.18
Reserves and Surplus	1,203.90	312.08
Total Borrowing	3,491.74	4,646.82	2,532.38	1,711.39
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.99%

100.00%

Promoter Shareholding (Post-Issue)

73.50%

73.53%

P/E Ratio

15.48

9.43

Market Cap

₹94.88 Cr.

₹114.24 Cr.

ROE

51.50%%

75.26%%

ROCE

59.80%%

29.49%%

Debt/Equity

1.74

EPS

₹6.85

₹11.13

RoNW

51.50%%

44.43%%

Shares Offered

In the Dhariwalcorp IPO retail investors (RII) are offered 7,98,000 shares while in Sunlite Recycling Industries IPO retail investors are offered 7,98,000 shares. Qualified institutional buyers (QIB) are offered 4,42,800 shares in Dhariwalcorp IPO and 5,46,000 shares in Sunlite Recycling Industries IPO.

	Dhariwalcorp IPO	Sunlite Recycling Industries IPO
Anchor Investor Reserveration	6,60,000 shares	8,18,400 shares
Market Maker Reserveration	1,23,600 shares	1,48,800 shares
QIB	4,42,800 shares	5,46,000 shares
NII	3,48,000 shares	4,10,400 shares
RII	7,98,000 shares	9,56,400 shares
Employee	0 shares	0 shares
Others
Total	15,88,800 shares	19,12,800 shares

Bids Received (Subscription)

Dhariwalcorp IPO subscribed 174.95x in total, whereas Sunlite Recycling Industries IPO subscribed 282.45x.

	Dhariwalcorp IPO	Sunlite Recycling Industries IPO
QIB (times)	76.93x	109.05x
NII (times)	279.17x	584.10x
Big NII (times)
Small NII (times)
RII (times)	183.89x	252.00x
Employee (times)
Other (times)
Total (times)	174.95x	282.45x

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