Organic Recycling Systems IPO vs Techknowgreen Solutions IPO

Comparision between Organic Recycling Systems IPO and Techknowgreen Solutions IPO.

IPO Details

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

	Organic Recycling Systems IPO	Techknowgreen Solutions 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	Indorient Financial Services Ltd
Registrar	Maashitla Securities Private Limited	Bigshare Services Pvt Ltd
Market Maker	Arihant Capital Markets Limited	Alacrity Securities Ltd.
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 Techknowgreen Solutions IPO is up to ₹16.72 Cr. The final issue price of Organic Recycling Systems IPO is ₹200.00 per share and of Techknowgreen Solutions IPO is ₹86.00 per share.

	Organic Recycling Systems IPO	Techknowgreen Solutions IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹200.00 per share	₹86.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	600 shares	1600 shares
Fresh Issue Size	25,00,200 shares	19,44,000 shares
Fresh Issue Size (Amount)	up to ₹50.00 Cr	up to ₹16.72 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	25,00,200 shares	19,44,000 shares
Issue Size Total (Amount)	up to ₹50.00 Cr	up to ₹16.72 Cr

IPO Timetable

Organic Recycling Systems IPO opens on Sep 21, 2023, while Techknowgreen Solutions IPO opens on Sep 18, 2023. The closing date of Organic Recycling Systems IPO and Techknowgreen Solutions IPO is Sep 26, 2023, and Sep 21, 2023, respectively.

	Organic Recycling Systems IPO	Techknowgreen Solutions IPO
Anchor Bid Date
Issue Open	Sep 21, 2023	Sep 18, 2023
Issue Close	Sep 26, 2023	Sep 21, 2023
Basis Of Allotment (Tentative)	Sep 29, 2023	Sep 26, 2023
Initiation of Refunds (Tentative)	Oct 03, 2023	Sep 27, 2023
Credit of Share (Tentative)	Oct 04, 2023	Sep 28, 2023
Listing date (Tentative)	Oct 06, 2023	Sep 27, 2023
Anchor Lockin End date 1	Oct 29, 2023	Oct 26, 2023
Anchor Lockin End date 2	Dec 28, 2023	Dec 25, 2023

Financials

Organic Recycling Systems IPO P/E ratio is 25.54, as compared to Techknowgreen Solutions IPO P/E ratio of 9.71.

Organic Recycling Systems IPO

Techknowgreen Solutions 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

Techknowgreen Solutions IPO Financial Information (Restated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	1,181.75	953.94	1,237.25
Revenue	785.27	999.09	1,486.28
Profit After Tax	37.17	108.18	451.38
Net Worth	296.43	355.86	633.63
Reserves and Surplus	-213.20	-153.76	124.00
Total Borrowing	450.71	285.86	287.40

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

30.14%

89.02%

Promoter Shareholding (Post-Issue)

20.35%

65.58%

P/E Ratio

25.54

9.71

Market Cap

₹153.99 Cr.

₹63.49 Cr.

ROE

21.76%%

88.57%%

ROCE

13.06%%

98.74%%

Debt/Equity

2.7

0.45

EPS

₹7.83

₹8.86

RoNW

14.33%%

71.24%%

Shares Offered

In the Organic Recycling Systems IPO retail investors (RII) are offered 11,85,000 shares while in Techknowgreen Solutions 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 Techknowgreen Solutions IPO.

	Organic Recycling Systems IPO	Techknowgreen Solutions IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,30,200 shares	97,600 shares
QIB	0 shares	0 shares
NII	11,85,000 shares	9,23,200 shares
RII	11,85,000 shares	9,23,200 shares
Employee	0 shares	0 shares
Others
Total	23,70,000 shares	18,46,400 shares

Bids Received (Subscription)

Organic Recycling Systems IPO subscribed 3.24x in total, whereas Techknowgreen Solutions IPO subscribed 12.98x.

	Organic Recycling Systems IPO	Techknowgreen Solutions IPO
QIB (times)
NII (times)	4.28x	9.08x
Big NII (times)
Small NII (times)
RII (times)	2.21x	15.82x
Employee (times)
Other (times)
Total (times)	3.24x	12.98x

Compare with others

Organic Recycling Systems IPO	Techknowgreen Solutions IPO
Arabian Petroleum IPO	Organic Recycling Systems IPO
Newjaisa Technologies IPO	Sunita Tools IPO
Inspire Films IPO	Marco Cables & Conductors IPO
Goyal Salt IPO	Mangalam Alloys IPO
Saakshi Medtech and Panels IPO	Master Components IPO
Sunita Tools IPO	Hi-Green Carbon IPO
Marco Cables & Conductors IPO	Kody Technolab IPO
Mangalam Alloys IPO	Holmarc Opto-Mechatronics IPO
Master Components IPO	Digikore Studios IPO
Techknowgreen Solutions IPO	Madhusudan Masala IPO

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