Electro Force India IPO vs Siyaram Recycling IPO

Comparision between Electro Force India IPO and Siyaram Recycling IPO.

IPO Details

Electro Force India IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Siyaram Recycling IPO is a SME Book Built Issue proposed to list at BSE SME.

	Electro Force India IPO	Siyaram Recycling IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	NSE SME	BSE SME
Lead Managers	First Overseas Capital Limited	Hem Securities Limited
Registrar	Skyline Financial Services Private Ltd	Cameo Corporate Services Limited
Market Maker	Arham Shares Private Limited	Hem Finlease 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 Electro Force India IPO is up to ₹80.68 Cr whereas the issue size of the Siyaram Recycling IPO is up to ₹22.96 Cr. The final issue price of Electro Force India IPO is ₹93.00 per share and of Siyaram Recycling IPO is ₹46.00 per share.

	Electro Force India IPO	Siyaram Recycling IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹43.00 per share
Issue Price (Upper)		₹46.00 per share
Issue Price (Final)	₹93.00 per share	₹46.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	3000 shares
Fresh Issue Size	60,00,000 shares	49,92,000 shares
Fresh Issue Size (Amount)	up to ₹55.80 Cr	up to ₹22.96 Cr
OFS Issue Size	26,74,800 shares
OFS Issue Size (Amount)	up to ₹24.88 Cr
Issue Size Total	86,74,800 shares	49,92,000 shares
Issue Size Total (Amount)	up to ₹80.68 Cr	up to ₹22.96 Cr

IPO Timetable

Electro Force India IPO opens on Dec 19, 2023, while Siyaram Recycling IPO opens on Dec 14, 2023. The closing date of Electro Force India IPO and Siyaram Recycling IPO is Dec 21, 2023, and Dec 18, 2023, respectively.

	Electro Force India IPO	Siyaram Recycling IPO
Anchor Bid Date
Issue Open	Dec 19, 2023	Dec 14, 2023
Issue Close	Dec 21, 2023	Dec 18, 2023
Basis Of Allotment (Tentative)	Dec 22, 2023	Dec 19, 2023
Initiation of Refunds (Tentative)	Dec 26, 2023	Dec 20, 2023
Credit of Share (Tentative)	Dec 26, 2023	Dec 20, 2023
Listing date (Tentative)	Dec 27, 2023	Dec 21, 2023
Anchor Lockin End date 1	Jan 21, 2024	Jan 18, 2024
Anchor Lockin End date 2	Mar 21, 2024	Mar 18, 2024

Financials

Electro Force India IPO P/E ratio is 20.22, as compared to Siyaram Recycling IPO P/E ratio of 8.3.

Electro Force India IPO

Siyaram Recycling IPO

Financial

Electro Force (India) Limited Financial Information (Restated)

Electro Force (India) Limited's revenue decreased by -12.04% and profit after tax (PAT) dropped by -7.48% 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	7,827.00	7,231.51	4,783.37	1,719.96
Revenue	2,314.19	3,028.81	3,443.55	1,587.13
Profit After Tax	711.08	799.60	864.26	-223.69
Net Worth	2,546.41	1,835.33	1,035.73	171.47
Reserves and Surplus	806.41	95.33	535.73	-328.53
Total Borrowing
Amount in ₹ Lakhs

Siyaram Recycling Industries Limited Financial Information (Restated)

Siyaram Recycling Industries Limited's revenue increased by 16.75% and profit after tax (PAT) rose by 137.36% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	15,136.31	9,851.35	9,823.59
Revenue	49,786.27	42,644.34	13,972.93
Profit After Tax	765.42	322.47	142.28
Net Worth	4,642.12	3,876.71	3,554.23
Reserves and Surplus	3,261.57	2,496.16	2,173.68
Total Borrowing	6,706.95	2,821.02	2,931.72
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

100%

Promoter Shareholding (Post-Issue)

62.93%

P/E Ratio

20.22

8.3

Market Cap

₹217.62 Cr.

₹86.47 Cr.

ROE

43.57%%

17.97%%

ROCE

58.23%%

13.42%%

Debt/Equity

1.44

EPS

₹4.60

₹5.54

RoNW

43.57%%

16.49%%

Shares Offered

In the Electro Force India IPO retail investors (RII) are offered 41,19,600 shares while in Siyaram Recycling IPO retail investors are offered 41,19,600 shares. Qualified institutional buyers (QIB) are offered 0 shares in Electro Force India IPO and 9,48,000 shares in Siyaram Recycling IPO.

	Electro Force India IPO	Siyaram Recycling IPO
Anchor Investor Reserveration		14,22,000 shares
Market Maker Reserveration	4,35,600 shares	2,52,000 shares
QIB	0 shares	9,48,000 shares
NII	41,19,600 shares	7,11,000 shares
RII	41,19,600 shares	16,59,000 shares
Employee	0 shares	0 shares
Others
Total	82,39,200 shares	33,18,000 shares

Bids Received (Subscription)

Electro Force India IPO subscribed 4.28x in total, whereas Siyaram Recycling IPO subscribed 385.19x.

	Electro Force India IPO	Siyaram Recycling IPO
QIB (times)		96.43x
NII (times)	2.12x	597.72x
Big NII (times)
Small NII (times)
RII (times)	6.44x	459.11x
Employee (times)
Other (times)
Total (times)	4.28x	385.19x

Compare with others

Electro Force India IPO	Siyaram Recycling IPO
AIK Pipes And Polymers IPO	Supreme Power Equipment IPO
Indifra IPO	Sahara Maritime IPO
Sameera Agro IPO	Electro Force India IPO
Supreme Power Equipment IPO	Trident Techlabs IPO
Sahara Maritime IPO	Shree OSFM E-Mobility IPO
Trident Techlabs IPO	Presstonic Engineering IPO
Shree OSFM E-Mobility IPO	S J Logistics IPO
Siyaram Recycling IPO	Accent Microcell IPO
Presstonic Engineering IPO	Marinetrans India IPO
S J Logistics IPO	Shanti Spintex IPO

Comments

Add a public comment...