OBSC Perfection IPO vs Premium Plast IPO

Comparision between OBSC Perfection IPO and Premium Plast IPO.

IPO Details

OBSC Perfection IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Premium Plast IPO is a SME Book Built Issue proposed to list at NSE SME.

	OBSC Perfection IPO	Premium Plast 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	Unistone Capital Pvt Ltd	Khandwala Securities Limited
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	R.K.Stock Holding Private Limited	Asnani Stock Broker 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 OBSC Perfection IPO is up to ₹66.02 Cr whereas the issue size of the Premium Plast IPO is up to ₹26.20 Cr. The final issue price of OBSC Perfection IPO is ₹100.00 per share and of Premium Plast IPO is ₹49.00 per share.

	OBSC Perfection IPO	Premium Plast IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹95.00 per share	₹46.00 per share
Issue Price (Upper)	₹100.00 per share	₹49.00 per share
Issue Price (Final)	₹100.00 per share	₹49.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	3000 shares
Fresh Issue Size	66,02,400 shares	53,46,000 shares
Fresh Issue Size (Amount)	up to ₹66.02 Cr	up to ₹26.20 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	66,02,400 shares	53,46,000 shares
Issue Size Total (Amount)	up to ₹66.02 Cr	up to ₹26.20 Cr

IPO Timetable

OBSC Perfection IPO opens on Oct 22, 2024, while Premium Plast IPO opens on Oct 21, 2024. The closing date of OBSC Perfection IPO and Premium Plast IPO is Oct 24, 2024, and Oct 23, 2024, respectively.

	OBSC Perfection IPO	Premium Plast IPO
Anchor Bid Date	Oct 21, 2024
Issue Open	Oct 22, 2024	Oct 21, 2024
Issue Close	Oct 24, 2024	Oct 23, 2024
Basis Of Allotment (Tentative)	Oct 25, 2024	Oct 24, 2024
Initiation of Refunds (Tentative)	Oct 28, 2024	Oct 25, 2024
Credit of Share (Tentative)	Oct 28, 2024	Oct 25, 2024
Listing date (Tentative)	Oct 29, 2024	Oct 28, 2024
Anchor Lockin End date 1	Nov 24, 2024
Anchor Lockin End date 2	Jan 23, 2025

Financials

OBSC Perfection IPO P/E ratio is 14.62, as compared to Premium Plast IPO P/E ratio of 14.11.

OBSC Perfection IPO

Premium Plast IPO

Financial

OBSC Perfection Limited Financial Information (Restated)

OBSC Perfection Limited's revenue increased by 20% and profit after tax (PAT) rose by 167% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Aug 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	11,066.37	8,650.59	6,916.01	4,847.48
Revenue	5,700.15	11,611.41	9,691.03	5,672.42
Profit After Tax	603.05	1,221.21	457.39	360.11
Net Worth	3,610.15	3,007.1	1,785.89	1,328.47
Reserves and Surplus	1,825.15	1,222.1	595.89	138.47
Total Borrowing	4,967.82	4,147.25	3,340.48	1,897.54
Amount in ₹ Lakhs

Premium Plast Limited Financial Information (Restated Consolidated)

Premium Plast Limited's revenue increased by 6% and profit after tax (PAT) rose by 200% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	30 Jun 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	4,006.31	3,809.23	2,905.45	2,516.95
Revenue	1,212.81	4,670.59	4,404.83	3,104.78
Profit After Tax	141.16	477.55	159.32	77.7
Net Worth	2,216.67	1,652.51	1,174.96	1,015.64
Reserves and Surplus	841.56	1,176.45	698.91	539.59
Total Borrowing	506.84	830.98	505.35	512.28
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100%

95.45%

Promoter Shareholding (Post-Issue)

68.73%

P/E Ratio

14.62

14.11

Market Cap

₹244.52 Cr.

₹93.58 Cr.

ROE

40.61%%

6.37%%

ROCE

31.49%%

7.88%%

Debt/Equity

1.38

EPS

₹6.84

₹3.47

RoNW

40.61%%

6.37%%

Shares Offered

In the OBSC Perfection IPO retail investors (RII) are offered 21,94,080 shares while in Premium Plast IPO retail investors are offered 21,94,080 shares. Qualified institutional buyers (QIB) are offered 12,55,200 shares in OBSC Perfection IPO and 5,10,000 shares in Premium Plast IPO.

	OBSC Perfection IPO	Premium Plast IPO
Anchor Investor Reserveration	18,79,200 shares
Market Maker Reserveration	3,33,600 shares	2,70,000 shares
QIB	12,55,200 shares	5,10,000 shares
NII	9,40,320 shares	22,83,000 shares
RII	21,94,080 shares	22,83,000 shares
Employee	0 shares	0 shares
Others
Total	43,89,600 shares	50,76,000 shares

Bids Received (Subscription)

OBSC Perfection IPO subscribed 16.56x in total, whereas Premium Plast IPO subscribed 38.87x.

	OBSC Perfection IPO	Premium Plast IPO
QIB (times)	10.20x	6.74x
NII (times)	25.87x	19.56x
Big NII (times)
Small NII (times)
RII (times)	16.20x	65.37x
Employee (times)
Other (times)
Total (times)	16.56x	38.87x

Compare with others

OBSC Perfection IPO	Premium Plast IPO
Nisus Finance Services IPO	Rosmerta Digital Services IPO
Onyx Biotec IPO	Neelam Linens and Garments IPO
Mangal Compusolution IPO	OBSC Perfection IPO
Rosmerta Digital Services IPO	United Heat Transfer IPO
Neelam Linens and Garments IPO	Danish Power IPO
United Heat Transfer IPO	Usha Financial Services IPO
Danish Power IPO	Freshara Agro Exports IPO
Premium Plast IPO	Lakshya Powertech IPO
Usha Financial Services IPO	Pranik Logistics IPO
Freshara Agro Exports IPO	Shiv Texchem IPO

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