GSM Foils IPO vs Piotex Industries IPO

Comparision between GSM Foils IPO and Piotex Industries IPO.

IPO Details

GSM Foils IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Piotex Industries IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	GSM Foils IPO	Piotex Industries IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Shreni Shares Limited	Beeline Capital Advisors Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Cameo Corporate Services Limited
Market Maker	Shreni Shares Limited	Spread X Securities Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of GSM Foils IPO is up to ₹11.01 Cr whereas the issue size of the Piotex Industries IPO is up to ₹14.47 Cr. The final issue price of GSM Foils IPO is ₹32.00 per share and of Piotex Industries IPO is ₹94.00 per share.

	GSM Foils IPO	Piotex Industries IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹32.00 per share	₹94.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	4000 shares	1200 shares
Fresh Issue Size	34,40,000 shares	15,39,600 shares
Fresh Issue Size (Amount)	up to ₹11.01 Cr	up to ₹14.47 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	34,40,000 shares	15,39,600 shares
Issue Size Total (Amount)	up to ₹11.01 Cr	up to ₹14.47 Cr

IPO Timetable

GSM Foils IPO opens on May 24, 2024, while Piotex Industries IPO opens on May 10, 2024. The closing date of GSM Foils IPO and Piotex Industries IPO is May 28, 2024, and May 14, 2024, respectively.

	GSM Foils IPO	Piotex Industries IPO
Anchor Bid Date
Issue Open	May 24, 2024	May 10, 2024
Issue Close	May 28, 2024	May 14, 2024
Basis Of Allotment (Tentative)	May 29, 2024	May 15, 2024
Initiation of Refunds (Tentative)	May 30, 2024	May 16, 2024
Credit of Share (Tentative)	May 30, 2024	May 16, 2024
Listing date (Tentative)	May 31, 2024	May 17, 2024
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials

GSM Foils IPO P/E ratio is 20.98, as compared to Piotex Industries IPO P/E ratio of 11.14.

GSM Foils IPO

Piotex Industries IPO

Financial

GSM Foils Limited Financial Information (Restated)

GSM Foils Limited's revenue decreased by -8.3% and profit after tax (PAT) rose by 124.62% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	2,208.18	1,438.18	1,050.65	720.57
Revenue	2,717.87	6,588.69	7,185.04	3,646.23
Profit After Tax	124.79	142.97	63.65	33.93
Net Worth	126.99	835.73	659.06	657.82
Reserves and Surplus	124.79
Total Borrowing	1,412.95	242.43	219.20
Amount in ₹ Lakhs

Piotex Industries Limited Financial Information (Restated)

Piotex Industries Limited's revenue increased by 37.23% and profit after tax (PAT) rose by 4.17% 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	3,610.59	1,757.68	1,385.47
Revenue	11,893.88	8,667.21	8,046.39
Profit After Tax	300.80	288.75	74.29
Net Worth	897.18	440.07	151.32
Reserves and Surplus	582.47	425.07	136.32
Total Borrowing	445.94	372.30	528.58
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.99%

100.00%

Promoter Shareholding (Post-Issue)

73.14%

69.83%

P/E Ratio

20.98

11.14

Market Cap

₹41.00 Cr.

₹47.97 Cr.

ROE

23.62%%

44.99%%

ROCE

1.60%%

33.20%%

Debt/Equity

11.13

0.5

EPS

₹1.53

₹8.44

RoNW

98.27%%

33.53%%

Shares Offered

In the GSM Foils IPO retail investors (RII) are offered 16,32,000 shares while in Piotex Industries IPO retail investors are offered 16,32,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in GSM Foils IPO and 0 shares in Piotex Industries IPO.

	GSM Foils IPO	Piotex Industries IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,76,000 shares	78,000 shares
QIB	0 shares	0 shares
NII	16,32,000 shares	7,30,800 shares
RII	16,32,000 shares	7,30,800 shares
Employee	0 shares	0 shares
Others
Total	32,64,000 shares	14,61,600 shares

Bids Received (Subscription)

GSM Foils IPO subscribed 257.30x in total, whereas Piotex Industries IPO subscribed 107.44x.

	GSM Foils IPO	Piotex Industries IPO
QIB (times)
NII (times)	259.51x	115.21x
Big NII (times)
Small NII (times)
RII (times)	247.10x	93.33x
Employee (times)
Other (times)
Total (times)	257.30x	107.44x

Compare with others

GSM Foils IPO	Piotex Industries IPO
Associated Coaters IPO	GSM Foils IPO
TBI Corn IPO	Vilas Transcore IPO
Ztech India IPO	Hariom Atta & Spices IPO
Aimtron Electronics IPO	Rulka Electricals IPO
Beacon Trusteeship IPO	Quest Laboratories IPO
Vilas Transcore IPO	Veritaas Advertising IPO
Hariom Atta & Spices IPO	Indian Emulsifier IPO
Rulka Electricals IPO	Aztec Fluids & Machinery IPO
Quest Laboratories IPO	Premier Roadlines IPO
Piotex Industries IPO	Silkflex Polymers IPO

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