Indian Phosphate IPO vs Solve Plastic Products IPO

Comparision between Indian Phosphate IPO and Solve Plastic Products IPO.

IPO Details

Indian Phosphate IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Solve Plastic Products IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Indian Phosphate IPO	Solve Plastic Products IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	Beeline Capital Advisors Pvt Ltd	Finshore Management Services Limited
Registrar	Bigshare Services Pvt Ltd	Integrated Registry Management Services Private Limited
Market Maker	Spread X Securities Private Limited	Black Fox Financial Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL		IPO Allotment URL

Issue Size and Price

The total issue size of Indian Phosphate IPO is up to ₹67.36 Cr whereas the issue size of the Solve Plastic Products IPO is up to ₹11.85 Cr. The final issue price of Indian Phosphate IPO is and of Solve Plastic Products IPO is ₹91.00 per share.

	Indian Phosphate IPO	Solve Plastic Products IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹94.00 per share
Issue Price (Upper)	₹99.00 per share
Issue Price (Final)		₹91.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	1200 shares
Fresh Issue Size	68,04,000 shares	13,02,000 shares
Fresh Issue Size (Amount)	up to ₹67.36 Cr	up to ₹11.85 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	68,04,000 shares	13,02,000 shares
Issue Size Total (Amount)	up to ₹67.36 Cr	up to ₹11.85 Cr

IPO Timetable

Indian Phosphate IPO opens on Aug 26, 2024, while Solve Plastic Products IPO opens on Aug 13, 2024. The closing date of Indian Phosphate IPO and Solve Plastic Products IPO is Aug 29, 2024, and Aug 16, 2024, respectively.

	Indian Phosphate IPO	Solve Plastic Products IPO
Anchor Bid Date	Aug 23, 2024
Issue Open	Aug 26, 2024	Aug 13, 2024
Issue Close	Aug 29, 2024	Aug 16, 2024
Basis Of Allotment (Tentative)	Aug 30, 2024	Aug 19, 2024
Initiation of Refunds (Tentative)	Sep 02, 2024	Aug 20, 2024
Credit of Share (Tentative)	Sep 02, 2024	Aug 20, 2024
Listing date (Tentative)	Sep 03, 2024	Aug 21, 2024
Anchor Lockin End date 1	Sep 29, 2024
Anchor Lockin End date 2	Nov 28, 2024

Financials

Indian Phosphate IPO P/E ratio is 14.88, as compared to Solve Plastic Products IPO P/E ratio of 23.2.

Indian Phosphate IPO

Solve Plastic Products IPO

Financial

Indian Phosphate Limited Financial Information (Restated Consolidated)

Indian Phosphate Limited's revenue decreased by -7% and profit after tax (PAT) dropped by -27% 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	25,518.6	17,407.45	10,789.93	6,313.71
Revenue	71,757.81	77,093.2	55,838.56	41,501.81
Profit After Tax	1,210.21	1,659.53	1,616.61	509.44
Net Worth	8,099.06	6,751.8	5,092.27	3,475.66
Reserves and Surplus	6,280.56	6,480.37	4,820.84	3,204.23
Total Borrowing	4,023.17	1,535.48	1,830.58	434.04
Amount in ₹ Lakhs

Solve Plastic Products Limited Financial Information (Restated)

Solve Plastic Products Limited's revenue decreased by -24% and profit after tax (PAT) rose by 18% 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	2,211.53	1,874.27	1,822.99
Revenue	4,715.73	6,225.43	5,577.89
Profit After Tax	142.48	120.27	-40.71
Net Worth	438.79	192.56	72.29
Reserves and Surplus	132.16	-110.94	-231.21
Total Borrowing	1,136.42	1,053.42	1,030.43
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

90.22%

Promoter Shareholding (Post-Issue)

63.33%

P/E Ratio

14.88

23.2

Market Cap

₹247.40 Cr.

₹39.75 Cr.

ROE

18.14%%

ROCE

20.93%%

Debt/Equity

2.83

EPS

₹6.65

₹3.92

RoNW

16.63%%

32.47%%

Shares Offered

In the Indian Phosphate IPO retail investors (RII) are offered while in Solve Plastic Products IPO retail investors are offered . Qualified institutional buyers (QIB) are offered in Indian Phosphate IPO and 0 shares in Solve Plastic Products IPO.

	Indian Phosphate IPO	Solve Plastic Products IPO
Anchor Investor Reserveration	1,91,28,400 shares
Market Maker Reserveration	3,73,200 shares	66,000 shares
QIB		0 shares
NII		6,18,000 shares
RII		6,18,000 shares
Employee		0 shares
Others
Total		12,36,000 shares

Bids Received (Subscription)

Indian Phosphate IPO subscribed in total, whereas Solve Plastic Products IPO subscribed 34.23x.

	Indian Phosphate IPO	Solve Plastic Products IPO
QIB (times)
NII (times)		19.47x
Big NII (times)
Small NII (times)
RII (times)		46.76x
Employee (times)
Other (times)
Total (times)		34.23x

Compare with others

Indian Phosphate IPO	Solve Plastic Products IPO
Archit Nuwood Industries IPO	Indian Phosphate IPO
Aeron Composite IPO	Resourceful Automobile IPO
Paramatrix Technologies IPO	Ideal Technoplast Industries IPO
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Ideal Technoplast Industries IPO	Brace Port Logistics IPO
QVC Exports IPO	Sunlite Recycling Industries IPO
Forcas Studio IPO	Positron Energy IPO
Solve Plastic Products IPO	Aesthetik Engineers IPO

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