GSM Foils IPO vs TBI Corn IPO

Comparision between GSM Foils IPO and TBI Corn IPO.

IPO Details

GSM Foils IPO is a SME Book Built Issue IPO proposed to list at NSE SME while TBI Corn IPO is a SME Book Built Issue proposed to list at NSE SME.

	GSM Foils IPO	TBI Corn IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Shreni Shares Limited	Swastika Investmart Ltd Ekadrisht Capital Private Limited
Registrar	Bigshare Services Pvt Ltd	Kfin Technologies Limited
Market Maker	Shreni Shares Limited	Ss Corporate Securities 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 GSM Foils IPO is up to ₹11.01 Cr whereas the issue size of the TBI Corn IPO is up to ₹44.94 Cr. The final issue price of GSM Foils IPO is ₹32.00 per share and of TBI Corn IPO is ₹94.00 per share.

	GSM Foils IPO	TBI Corn IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹90.00 per share
Issue Price (Upper)		₹94.00 per share
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	47,80,800 shares
Fresh Issue Size (Amount)	up to ₹11.01 Cr	up to ₹44.94 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	34,40,000 shares	47,80,800 shares
Issue Size Total (Amount)	up to ₹11.01 Cr	up to ₹44.94 Cr

IPO Timetable

GSM Foils IPO opens on May 24, 2024, while TBI Corn IPO opens on May 31, 2024. The closing date of GSM Foils IPO and TBI Corn IPO is May 28, 2024, and Jun 04, 2024, respectively.

	GSM Foils IPO	TBI Corn IPO
Anchor Bid Date		May 30, 2024
Issue Open	May 24, 2024	May 31, 2024
Issue Close	May 28, 2024	Jun 04, 2024
Basis Of Allotment (Tentative)	May 29, 2024	Jun 05, 2024
Initiation of Refunds (Tentative)	May 30, 2024	Jun 06, 2024
Credit of Share (Tentative)	May 30, 2024	Jun 06, 2024
Listing date (Tentative)	May 31, 2024	Jun 07, 2024
Anchor Lockin End date 1		Jul 05, 2024
Anchor Lockin End date 2		Sep 03, 2024

Financials

GSM Foils IPO P/E ratio is 20.98, as compared to TBI Corn IPO P/E ratio of 18.33.

GSM Foils IPO

TBI Corn 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

TBI Corn Limited Financial Information (Restated)

TBI Corn Limited's revenue increased by 39.07% and profit after tax (PAT) rose by 1419.24% 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	9,511.50	12,162.04	4,317.63	4,254.86
Revenue	10,196.53	14,042.63	10,097.26	6,776.38
Profit After Tax	766.45	686.09	45.16	23.93
Net Worth	4,067.70	2,677.81	683.24	512.42
Reserves and Surplus	2,729.94	1,677.49
Total Borrowing	5,137.13	6,352.82	2,549.48	2,300.94
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.99%

76.65%

Promoter Shareholding (Post-Issue)

73.14%

57.71%

P/E Ratio

20.98

18.33

Market Cap

₹41.00 Cr.

₹170.69 Cr.

ROE

23.62%%

18.84%%

ROCE

1.60%%

18.65%%

Debt/Equity

11.13

0.43

EPS

₹1.53

₹5.13

RoNW

98.27%%

18.84%%

Shares Offered

In the GSM Foils IPO retail investors (RII) are offered 16,32,000 shares while in TBI Corn IPO retail investors are offered 16,32,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in GSM Foils IPO and 9,08,800 shares in TBI Corn IPO.

	GSM Foils IPO	TBI Corn IPO
Anchor Investor Reserveration		13,58,400 shares
Market Maker Reserveration	1,76,000 shares	2,40,000 shares
QIB	0 shares	9,08,800 shares
NII	16,32,000 shares	6,81,600 shares
RII	16,32,000 shares	5,92,000 shares
Employee	0 shares	0 shares
Others
Total	32,64,000 shares	31,82,400 shares

Bids Received (Subscription)

GSM Foils IPO subscribed 257.30x in total, whereas TBI Corn IPO subscribed 231.21x.

	GSM Foils IPO	TBI Corn IPO
QIB (times)		81.41x
NII (times)	259.51x	516.50x
Big NII (times)
Small NII (times)
RII (times)	247.10x	523.29x
Employee (times)
Other (times)
Total (times)	257.30x	231.21x

Compare with others

GSM Foils IPO	TBI Corn IPO
Associated Coaters IPO	United Cotfab IPO
TBI Corn IPO	3C IT IPO
Ztech India IPO	Magenta Lifecare IPO
Aimtron Electronics IPO	Sattrix IPO
Beacon Trusteeship IPO	Associated Coaters IPO
Vilas Transcore IPO	Ztech India IPO
Hariom Atta & Spices IPO	Aimtron Electronics IPO
Rulka Electricals IPO	Beacon Trusteeship IPO
Quest Laboratories IPO	GSM Foils IPO
Piotex Industries IPO	Vilas Transcore IPO

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