Divyadhan Recycling Industries IPO vs Thinking Hats Entertainment Solutions IPO

Comparision between Divyadhan Recycling Industries IPO and Thinking Hats Entertainment Solutions IPO.

IPO Details

Divyadhan Recycling Industries IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Thinking Hats Entertainment Solutions IPO is a SME Book Built Issue proposed to list at NSE SME.

	Divyadhan Recycling Industries IPO	Thinking Hats Entertainment Solutions 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	Narnolia Financial Services Ltd	Horizon Financial Pvt Ltd
Registrar	Skyline Financial Services Private Ltd	Mas Services Limited
Market Maker	Kantilal Chhaganlal Securities Private Limited	Giriraj Stock Broking 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 Divyadhan Recycling Industries IPO is up to ₹24.17 Cr whereas the issue size of the Thinking Hats Entertainment Solutions IPO is up to ₹15.09 Cr. The final issue price of Divyadhan Recycling Industries IPO is ₹64.00 per share and of Thinking Hats Entertainment Solutions IPO is ₹44.00 per share.

	Divyadhan Recycling Industries IPO	Thinking Hats Entertainment Solutions IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹60.00 per share	₹42.00 per share
Issue Price (Upper)	₹64.00 per share	₹44.00 per share
Issue Price (Final)	₹64.00 per share	₹44.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	3000 shares
Fresh Issue Size	37,76,000 shares	34,29,000 shares
Fresh Issue Size (Amount)	up to ₹24.17 Cr	up to ₹15.09 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	37,76,000 shares	34,29,000 shares
Issue Size Total (Amount)	up to ₹24.17 Cr	up to ₹15.09 Cr

IPO Timetable

Divyadhan Recycling Industries IPO opens on Sep 26, 2024, while Thinking Hats Entertainment Solutions IPO opens on Sep 25, 2024. The closing date of Divyadhan Recycling Industries IPO and Thinking Hats Entertainment Solutions IPO is Sep 30, 2024, and Sep 27, 2024, respectively.

	Divyadhan Recycling Industries IPO	Thinking Hats Entertainment Solutions IPO
Anchor Bid Date	Sep 25, 2024
Issue Open	Sep 26, 2024	Sep 25, 2024
Issue Close	Sep 30, 2024	Sep 27, 2024
Basis Of Allotment (Tentative)	Oct 01, 2024	Sep 30, 2024
Initiation of Refunds (Tentative)	Oct 03, 2024	Oct 01, 2024
Credit of Share (Tentative)	Oct 03, 2024	Oct 01, 2024
Listing date (Tentative)	Oct 04, 2024	Oct 03, 2024
Anchor Lockin End date 1	Nov 03, 2024
Anchor Lockin End date 2	Jan 03, 2025

Financials

Divyadhan Recycling Industries IPO P/E ratio is 28.34, as compared to Thinking Hats Entertainment Solutions IPO P/E ratio of 12.89.

Divyadhan Recycling Industries IPO

Thinking Hats Entertainment Solutions IPO

Financial

Divyadhan Recycling Industries Limited Financial Information (Restated)

Divyadhan Recycling Industries Limited's revenue increased by 2% and profit after tax (PAT) rose by 10% 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	2,412.11	1,938.64	1,767.74
Revenue	5,912.88	5,815.51	5,981.52
Profit After Tax	237.8	216.18	52.91
Net Worth	1,291.03	853.23	637.05
Reserves and Surplus	764.49	353.23	137.05
Total Borrowing	606.64	545.55	799.76
Amount in ₹ Lakhs

Thinking Hats Entertainment Solutions Limited Financial Information (Restated)

Thinking Hats Entertainment Solutions Limited's revenue increased by 20% and profit after tax (PAT) rose by 54% 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	2,403.22	1,456.81	641.14
Revenue	2,670.1	2,227.8	1,245.2
Profit After Tax	309.16	200.79	37.21
Net Worth	1,099.86	573.26	372.47
Reserves and Surplus	1,012.28	497.01	296.22
Total Borrowing	543.46	413.65	29.22
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

94.06%

78.29%

Promoter Shareholding (Post-Issue)

69.24%

P/E Ratio

28.34

12.89

Market Cap

₹91.56 Cr.

₹54.94 Cr.

ROE

18.42%%

28.11%%

ROCE

20.76%%

29.37%%

Debt/Equity

0.47

0.49

EPS

₹2.26

₹3.41

RoNW

18.42%%

28.11%%

Shares Offered

In the Divyadhan Recycling Industries IPO retail investors (RII) are offered 12,52,000 shares while in Thinking Hats Entertainment Solutions IPO retail investors are offered 12,52,000 shares. Qualified institutional buyers (QIB) are offered 7,16,000 shares in Divyadhan Recycling Industries IPO and 3,24,000 shares in Thinking Hats Entertainment Solutions IPO.

	Divyadhan Recycling Industries IPO	Thinking Hats Entertainment Solutions IPO
Anchor Investor Reserveration	10,70,000 shares
Market Maker Reserveration	2,00,000 shares	1,80,000 shares
QIB	7,16,000 shares	3,24,000 shares
NII	5,38,000 shares	8,76,000 shares
RII	12,52,000 shares	20,49,000 shares
Employee	0 shares	0 shares
Others
Total	25,06,000 shares	32,49,000 shares

Bids Received (Subscription)

Divyadhan Recycling Industries IPO subscribed 40.93x in total, whereas Thinking Hats Entertainment Solutions IPO subscribed 322.19x.

	Divyadhan Recycling Industries IPO	Thinking Hats Entertainment Solutions IPO
QIB (times)	29.39x	67.67x
NII (times)	76.03x	356.81x
Big NII (times)
Small NII (times)
RII (times)	32.43x	347.64x
Employee (times)
Other (times)
Total (times)	40.93x	322.19x

Compare with others

Divyadhan Recycling Industries IPO	Thinking Hats Entertainment Solutions IPO
Sahasra Electronics Solutions IPO	HVAX Technologies IPO
Saj Hotels IPO	Nexxus Petro Industries IPO
Thinking Hats Entertainment Solutions IPO	Forge Auto International IPO
Unilex Colours and Chemicals IPO	Sahasra Electronics Solutions IPO
TechEra Engineering IPO	Saj Hotels IPO
Kalana Ispat IPO	Unilex Colours and Chemicals IPO
Avi Ansh Textile IPO	TechEra Engineering IPO
Rappid Valves (India) IPO	Divyadhan Recycling Industries IPO
Phoenix Overseas IPO	Kalana Ispat IPO
WOL 3D IPO	Avi Ansh Textile IPO

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