Interiors and More IPO vs Thaai Casting IPO

Comparision between Interiors and More IPO and Thaai Casting IPO.

IPO Details

Interiors and More IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Thaai Casting IPO is a SME Book Built Issue proposed to list at NSE SME.

	Interiors and More IPO	Thaai Casting IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Gretex Corporate Services Limited	GYR Capital Advisors Private Limited
Registrar	Bigshare Services Pvt Ltd	Purva Sharegistry India Pvt Ltd
Market Maker	Gretex Share Broking Private Limited	Giriraj Stock Broking Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Interiors and More IPO is up to ₹42.00 Cr whereas the issue size of the Thaai Casting IPO is up to ₹47.20 Cr. The final issue price of Interiors and More IPO is ₹227.00 per share and of Thaai Casting IPO is ₹77.00 per share.

	Interiors and More IPO	Thaai Casting IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹216.00 per share	₹73.00 per share
Issue Price (Upper)	₹227.00 per share	₹77.00 per share
Issue Price (Final)	₹227.00 per share	₹77.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	600 shares	1600 shares
Fresh Issue Size	18,50,400 shares	61,29,600 shares
Fresh Issue Size (Amount)	up to ₹42.00 Cr	up to ₹47.20 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	18,50,400 shares	61,29,600 shares
Issue Size Total (Amount)	up to ₹42.00 Cr	up to ₹47.20 Cr

IPO Timetable

Interiors and More IPO opens on Feb 15, 2024, while Thaai Casting IPO opens on Feb 15, 2024. The closing date of Interiors and More IPO and Thaai Casting IPO is Feb 20, 2024, and Feb 20, 2024, respectively.

	Interiors and More IPO	Thaai Casting IPO
Anchor Bid Date	Feb 14, 2024	Feb 14, 2024
Issue Open	Feb 15, 2024	Feb 15, 2024
Issue Close	Feb 20, 2024	Feb 20, 2024
Basis Of Allotment (Tentative)	Feb 21, 2024	Feb 21, 2024
Initiation of Refunds (Tentative)	Feb 22, 2024	Feb 21, 2024
Credit of Share (Tentative)	Feb 22, 2024	Feb 22, 2024
Listing date (Tentative)	Feb 23, 2024	Feb 23, 2024
Anchor Lockin End date 1	Mar 22, 2024	Mar 21, 2024
Anchor Lockin End date 2	May 21, 2024	May 20, 2024

Financials

Interiors and More IPO P/E ratio is 19.7, as compared to Thaai Casting IPO P/E ratio of 25.99.

Interiors and More IPO

Thaai Casting IPO

Financial

Interiors and More Limited Financial Information (Restated)

Interiors and More Limited's revenue increased by 153.09% and profit after tax (PAT) rose by 467.64% 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	3,722.59	3,094.63	1,952.13	1,478.30
Revenue	1,853.78	2,527.17	998.53	663.10
Profit After Tax	354.57	592.84	104.44	43.33
Net Worth	1,349.78	995.21	405.07	300.63
Reserves and Surplus	835.28	823.71	233.57	129.13
Total Borrowing	1,645.86	1,439.77	1,297.33	904.02
Amount in ₹ Lakhs

Thaai Casting Ltd Financial Information (Restated Standalone)

Thaai Casting Ltd's revenue increased by 27.84% and profit after tax (PAT) rose by 336.49% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Oct 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	14,638.25	5,498.52	3,752.29	2,379.19
Revenue	4,848.91	4,911.64	3,841.94	2,048.70
Profit After Tax	860.93	503.71	115.40	40.33
Net Worth	4,116.94	1,617.31	894.84	473.46
Reserves and Surplus	620.78
Total Borrowing	7,830.03	2,985.10	2,351.15	1,313.51
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

95.08%

86.50%

Promoter Shareholding (Post-Issue)

69.93%

P/E Ratio

19.7

25.99

Market Cap

₹158.80 Cr.

₹178.10 Cr.

ROE

84.68%%

ROCE

75.58%%

13%%

Debt/Equity

1.45

1.85

EPS

₹11.52

₹2.96

RoNW

59.57%%

40.10%%

Shares Offered

In the Interiors and More IPO retail investors (RII) are offered 6,15,600 shares while in Thaai Casting IPO retail investors are offered 6,15,600 shares. Qualified institutional buyers (QIB) are offered 3,51,600 shares in Interiors and More IPO and 11,56,800 shares in Thaai Casting IPO.

	Interiors and More IPO	Thaai Casting IPO
Anchor Investor Reserveration	5,26,200 shares	17,34,400 shares
Market Maker Reserveration	93,000 shares	3,47,200 shares
QIB	3,51,600 shares	11,56,800 shares
NII	2,64,000 shares	8,67,200 shares
RII	6,15,600 shares	20,24,000 shares
Employee	0 shares	0 shares
Others
Total	12,31,200 shares	40,48,000 shares

Bids Received (Subscription)

Interiors and More IPO subscribed 11.22x in total, whereas Thaai Casting IPO subscribed 375.43x.

	Interiors and More IPO	Thaai Casting IPO
QIB (times)	3.54x	144.43x
NII (times)	30.32x	729.72x
Big NII (times)
Small NII (times)
RII (times)	7.41x	355.66x
Employee (times)
Other (times)
Total (times)	11.22x	375.43x

Compare with others

Interiors and More IPO	Thaai Casting IPO
Sadhav Shipping IPO	Zenith Drugs IPO
Deem Roll Tech IPO	Esconet Technologies IPO
Zenith Drugs IPO	Trust Fintech IPO
Esconet Technologies IPO	Interiors and More IPO
Trust Fintech IPO	Atmastco IPO
Atmastco IPO	Kalahridhaan Trendz IPO
Thaai Casting IPO	Polysil Irrigation Systems IPO
Kalahridhaan Trendz IPO	Rudra Gas Enterprise IPO
Polysil Irrigation Systems IPO	WTI Cabs IPO
Rudra Gas Enterprise IPO	Alpex Solar IPO

Comments

Add a public comment...