Pelatro IPO vs Popular Foundations IPO

Comparision between Pelatro IPO and Popular Foundations IPO.

IPO Details

Pelatro IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Popular Foundations IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Pelatro IPO	Popular Foundations IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Cumulative Capital Private Limited	Srujan Alpha Capital Advisors Llp
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Shree Bahubali Stock Broking Limited	Spread X Securities 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 Pelatro IPO is up to ₹55.98 Cr whereas the issue size of the Popular Foundations IPO is up to ₹19.87 Cr. The final issue price of Pelatro IPO is ₹200.00 per share and of Popular Foundations IPO is ₹37.00 per share.

	Pelatro IPO	Popular Foundations IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹190.00 per share
Issue Price (Upper)	₹200.00 per share
Issue Price (Final)	₹200.00 per share	₹37.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	600 shares	3000 shares
Fresh Issue Size	27,99,000 shares	53,70,000 shares
Fresh Issue Size (Amount)	up to ₹55.98 Cr	up to ₹19.87 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	27,99,000 shares	53,70,000 shares
Issue Size Total (Amount)	up to ₹55.98 Cr	up to ₹19.87 Cr

IPO Timetable

Pelatro IPO opens on Sep 16, 2024, while Popular Foundations IPO opens on Sep 13, 2024. The closing date of Pelatro IPO and Popular Foundations IPO is Sep 19, 2024, and Sep 19, 2024, respectively.

	Pelatro IPO	Popular Foundations IPO
Anchor Bid Date	Sep 13, 2024
Issue Open	Sep 16, 2024	Sep 13, 2024
Issue Close	Sep 19, 2024	Sep 19, 2024
Basis Of Allotment (Tentative)	Sep 20, 2024	Sep 20, 2024
Initiation of Refunds (Tentative)	Sep 20, 2024	Sep 23, 2024
Credit of Share (Tentative)	Sep 23, 2024	Sep 23, 2024
Listing date (Tentative)	Sep 24, 2024	Sep 24, 2024
Anchor Lockin End date 1	Oct 20, 2024
Anchor Lockin End date 2	Dec 19, 2024

Financials

Pelatro IPO P/E ratio is -77.78, as compared to Popular Foundations IPO P/E ratio of 15.97.

Pelatro IPO

Popular Foundations IPO

Financial

Pelatro Limited Financial Information (Restated Consolidated)

Period Ended	31 Mar 2024
Assets	5,780.92
Revenue	5,536.54
Profit After Tax	-195.62
Net Worth	1,202.89
Reserves and Surplus	502.89
Total Borrowing	1,867.58
Amount in ₹ Lakhs

Popular Foundations Limited Financial Information (Restated)

Popular Foundations Limited's revenue increased by 7% and profit after tax (PAT) rose by 191% 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	6,354.87	4,864.7	4,929.49
Revenue	5,191	4,866.89	2,630.17
Profit After Tax	347.76	119.61	48.08
Net Worth	2,313.11	1,483.69	1,384.08
Reserves and Surplus	812.31	1,383.69	1,284.08
Total Borrowing	1,578.4	1,753.99	1,835.37
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

73.31%

83.36%

Promoter Shareholding (Post-Issue)

53.59%

61.39%

P/E Ratio

-77.78

15.97

Market Cap

₹208.13 Cr.

₹75.40 Cr.

ROE

-15.48%%

23.17%%

ROCE

3.85%%

22.77%%

Debt/Equity

1.55

EPS

₹-2.57

₹2.32

RoNW

-15.48%%

15.03%%

Shares Offered

In the Pelatro IPO retail investors (RII) are offered 9,13,200 shares while in Popular Foundations IPO retail investors are offered 9,13,200 shares. Qualified institutional buyers (QIB) are offered 5,21,400 shares in Pelatro IPO and 0 shares in Popular Foundations IPO.

	Pelatro IPO	Popular Foundations IPO
Anchor Investor Reserveration	7,81,800 shares
Market Maker Reserveration	1,40,400 shares	2,70,000 shares
QIB	5,21,400 shares	0 shares
NII	3,92,400 shares	25,50,000 shares
RII	9,13,200 shares	25,50,000 shares
Employee	0 shares	0 shares
Others
Total	18,76,800 shares	51,00,001 shares

Bids Received (Subscription)

Pelatro IPO subscribed 21.94x in total, whereas Popular Foundations IPO subscribed 9.21x.

	Pelatro IPO	Popular Foundations IPO
QIB (times)	15.22x
NII (times)	55.31x	3.54x
Big NII (times)
Small NII (times)
RII (times)	12.58x	14.89x
Employee (times)
Other (times)
Total (times)	21.94x	9.21x

Compare with others

Pelatro IPO	Popular Foundations IPO
Rappid Valves (India) IPO	SD Retail IPO
Phoenix Overseas IPO	BikeWo GreenTech IPO
WOL 3D IPO	Pelatro IPO
SD Retail IPO	Osel Devices IPO
BikeWo GreenTech IPO	Paramount Speciality Forgings IPO
Osel Devices IPO	Sodhani Academy of Fintech Enablers IPO
Paramount Speciality Forgings IPO	Deccan Transcon Leasing IPO
Popular Foundations IPO	Envirotech Systems IPO
Sodhani Academy of Fintech Enablers IPO	Trafiksol ITS Technologies IPO
Deccan Transcon Leasing IPO	Gajanand International IPO

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