GSM Foils IPO vs Ztech India IPO

Comparision between GSM Foils IPO and Ztech India IPO.

IPO Details

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

	GSM Foils IPO	Ztech India 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	Narnolia Financial Services Ltd
Registrar	Bigshare Services Pvt Ltd	Maashitla Securities Private Limited
Market Maker	Shreni Shares Limited	Nvs Brokerage 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 GSM Foils IPO is up to ₹11.01 Cr whereas the issue size of the Ztech India IPO is up to ₹37.30 Cr. The final issue price of GSM Foils IPO is ₹32.00 per share and of Ztech India IPO is ₹110.00 per share.

	GSM Foils IPO	Ztech India IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹104.00 per share
Issue Price (Upper)		₹110.00 per share
Issue Price (Final)	₹32.00 per share	₹110.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	4000 shares	1200 shares
Fresh Issue Size	34,40,000 shares	33,91,200 shares
Fresh Issue Size (Amount)	up to ₹11.01 Cr	up to ₹37.30 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	34,40,000 shares	33,91,200 shares
Issue Size Total (Amount)	up to ₹11.01 Cr	up to ₹37.30 Cr

IPO Timetable

GSM Foils IPO opens on May 24, 2024, while Ztech India IPO opens on May 29, 2024. The closing date of GSM Foils IPO and Ztech India IPO is May 28, 2024, and May 31, 2024, respectively.

	GSM Foils IPO	Ztech India IPO
Anchor Bid Date		May 28, 2024
Issue Open	May 24, 2024	May 29, 2024
Issue Close	May 28, 2024	May 31, 2024
Basis Of Allotment (Tentative)	May 29, 2024	Jun 03, 2024
Initiation of Refunds (Tentative)	May 30, 2024	Jun 05, 2024
Credit of Share (Tentative)	May 30, 2024	Jun 05, 2024
Listing date (Tentative)	May 31, 2024	Jun 05, 2024
Anchor Lockin End date 1		Jul 03, 2024
Anchor Lockin End date 2		Sep 01, 2024

Financials

GSM Foils IPO P/E ratio is 20.98, as compared to Ztech India IPO P/E ratio of 13.27.

GSM Foils IPO

Ztech India 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

Ztech India Limited Financial Information (Restated Consolidated)

Ztech India Limited's revenue increased by 160.28% and profit after tax (PAT) rose by 296.44% 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	4,192.24	2,339.62	1,925.11	1,973.14
Revenue	6,737.02	2,588.40	3,083.89	2,395.67
Profit After Tax	779.83	196.71	8.42	64.62
Net Worth	2,191.00	998.95	802.24	793.82
Reserves and Surplus	1,250.39	888.95	692.25	683.82
Total Borrowing	130.84	71.03	71.74	93.75
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.99%

82.65%

Promoter Shareholding (Post-Issue)

73.14%

60.75%

P/E Ratio

20.98

13.27

Market Cap

₹41.00 Cr.

₹140.77 Cr.

ROE

23.62%%

34%%

ROCE

1.60%%

44.02%%

Debt/Equity

11.13

0.06

EPS

₹1.53

₹8.29

RoNW

98.27%%

34%%

Shares Offered

In the GSM Foils IPO retail investors (RII) are offered 16,32,000 shares while in Ztech India IPO retail investors are offered 16,32,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in GSM Foils IPO and 6,44,400 shares in Ztech India IPO.

	GSM Foils IPO	Ztech India IPO
Anchor Investor Reserveration		9,64,800 shares
Market Maker Reserveration	1,76,000 shares	1,70,400 shares
QIB	0 shares	6,44,400 shares
NII	16,32,000 shares	4,83,600 shares
RII	16,32,000 shares	11,28,000 shares
Employee	0 shares	0 shares
Others
Total	32,64,000 shares	22,56,000 shares

Bids Received (Subscription)

GSM Foils IPO subscribed 257.30x in total, whereas Ztech India IPO subscribed 371.39x.

	GSM Foils IPO	Ztech India IPO
QIB (times)		123.10x
NII (times)	259.51x	832.37x
Big NII (times)
Small NII (times)
RII (times)	247.10x	315.59x
Employee (times)
Other (times)
Total (times)	257.30x	371.39x

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Hariom Atta & Spices IPO	Beacon Trusteeship IPO
Rulka Electricals IPO	GSM Foils IPO
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Piotex Industries IPO	Hariom Atta & Spices IPO

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