Organic Recycling Systems IPO vs Sunita Tools IPO

Comparision between Organic Recycling Systems IPO and Sunita Tools IPO.

IPO Details

Organic Recycling Systems IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Sunita Tools IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Organic Recycling Systems IPO	Sunita Tools IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	BSE SME
Lead Managers	Arihant Capital Markets Ltd	Aryaman Financial Services Limited
Registrar	Maashitla Securities Private Limited	Kfin Technologies Limited
Market Maker	Arihant Capital Markets Limited	Ss Corporate Securities Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Organic Recycling Systems IPO is up to ₹50.00 Cr whereas the issue size of the Sunita Tools IPO is up to ₹22.04 Cr. The final issue price of Organic Recycling Systems IPO is ₹200.00 per share and of Sunita Tools IPO is ₹145.00 per share.

	Organic Recycling Systems IPO	Sunita Tools IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹200.00 per share	₹145.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	600 shares	1000 shares
Fresh Issue Size	25,00,200 shares	13,20,000 shares
Fresh Issue Size (Amount)	up to ₹50.00 Cr	up to ₹19.14 Cr
OFS Issue Size		2,00,000 shares
OFS Issue Size (Amount)		up to ₹2.90 Cr
Issue Size Total	25,00,200 shares	15,20,000 shares
Issue Size Total (Amount)	up to ₹50.00 Cr	up to ₹22.04 Cr

IPO Timetable

Organic Recycling Systems IPO opens on Sep 21, 2023, while Sunita Tools IPO opens on Sep 26, 2023. The closing date of Organic Recycling Systems IPO and Sunita Tools IPO is Sep 26, 2023, and Oct 03, 2023, respectively.

	Organic Recycling Systems IPO	Sunita Tools IPO
Anchor Bid Date
Issue Open	Sep 21, 2023	Sep 26, 2023
Issue Close	Sep 26, 2023	Oct 03, 2023
Basis Of Allotment (Tentative)	Sep 29, 2023	Oct 04, 2023
Initiation of Refunds (Tentative)	Oct 03, 2023	Oct 05, 2023
Credit of Share (Tentative)	Oct 04, 2023	Oct 06, 2023
Listing date (Tentative)	Oct 06, 2023	Oct 11, 2023
Anchor Lockin End date 1	Oct 29, 2023	Nov 03, 2023
Anchor Lockin End date 2	Dec 28, 2023	Jan 02, 2024

Financials

Organic Recycling Systems IPO P/E ratio is 25.54, as compared to Sunita Tools IPO P/E ratio of 16.88.

Organic Recycling Systems IPO

Sunita Tools IPO

Financial

Organic Recycling Systems IPO Financial Information (Restated Consolidated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	10,272.69	10,669.35	11,931.10
Revenue	1,578.18	1,756.67	2,534.10
Profit After Tax	-449.37	-535.03	365.38
Net Worth	1,343.88	808.86	2,550.07
Reserves and Surplus	1,298.11	763.08	2,014.40
Total Borrowing	5,449.89	5,418.38	6,981.41

Amount in ₹ Lakhs

Sunita Tools IPO Financial Information (Restated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	1,351.82	1,422.66	2,537.71
Revenue	691.50	888.88	1,417.33
Profit After Tax	26.66	80.99	337.71
Net Worth	-348.02	-267.02	320.69
Reserves and Surplus	-528.52	-447.52	-109.81
Total Borrowing	1,334.63	1,249.16	1,659.96

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

30.14%

100.00%

Promoter Shareholding (Post-Issue)

20.35%

72.97%

P/E Ratio

25.54

16.88

Market Cap

₹153.99 Cr.

₹81.56 Cr.

ROE

21.76%%

12.59%

ROCE

13.06%%

0.38%

Debt/Equity

2.7

5.17

EPS

₹7.83

₹13.96

RoNW

14.33%%

105.31%%

Shares Offered

In the Organic Recycling Systems IPO retail investors (RII) are offered 11,85,000 shares while in Sunita Tools IPO retail investors are offered 11,85,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Organic Recycling Systems IPO and 0 shares in Sunita Tools IPO.

	Organic Recycling Systems IPO	Sunita Tools IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,30,200 shares	78,000 shares
QIB	0 shares	0 shares
NII	11,85,000 shares	7,21,000 shares
RII	11,85,000 shares	7,21,000 shares
Employee	0 shares	0 shares
Others
Total	23,70,000 shares	14,42,000 shares

Bids Received (Subscription)

Organic Recycling Systems IPO subscribed 3.24x in total, whereas Sunita Tools IPO subscribed 13.24x.

	Organic Recycling Systems IPO	Sunita Tools IPO
QIB (times)
NII (times)	4.28x	5.27x
Big NII (times)
Small NII (times)
RII (times)	2.21x	21.10x
Employee (times)
Other (times)
Total (times)	3.24x	13.24x

Compare with others

Organic Recycling Systems IPO	Sunita Tools IPO
Arabian Petroleum IPO	Newjaisa Technologies IPO
Newjaisa Technologies IPO	Inspire Films IPO
Inspire Films IPO	Goyal Salt IPO
Goyal Salt IPO	Saakshi Medtech and Panels IPO
Saakshi Medtech and Panels IPO	Organic Recycling Systems IPO
Sunita Tools IPO	Marco Cables & Conductors IPO
Marco Cables & Conductors IPO	Mangalam Alloys IPO
Mangalam Alloys IPO	Master Components IPO
Master Components IPO	Techknowgreen Solutions IPO
Techknowgreen Solutions IPO	Hi-Green Carbon IPO

Comments

Add a public comment...