Divyadhan Recycling Industries IPO vs Phoenix Overseas IPO

Comparision between Divyadhan Recycling Industries IPO and Phoenix Overseas IPO.

IPO Details

Divyadhan Recycling Industries IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Phoenix Overseas IPO is a SME Book Built Issue proposed to list at NSE SME.

	Divyadhan Recycling Industries IPO	Phoenix Overseas 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	Narnolia Financial Services Ltd	Khandwala Securities Limited
Registrar	Skyline Financial Services Private Ltd	Cameo Corporate Services Limited
Market Maker	Kantilal Chhaganlal Securities Private Limited	Nikunj Stock Brokers Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL		IPO Allotment URL

Issue Size and Price

The total issue size of Divyadhan Recycling Industries IPO is up to ₹24.17 Cr whereas the issue size of the Phoenix Overseas IPO is up to ₹36.03 Cr. The final issue price of Divyadhan Recycling Industries IPO is ₹64.00 per share and of Phoenix Overseas IPO is ₹64.00 per share.

	Divyadhan Recycling Industries IPO	Phoenix Overseas IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹60.00 per share	₹61.00 per share
Issue Price (Upper)	₹64.00 per share	₹64.00 per share
Issue Price (Final)	₹64.00 per share	₹64.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	2000 shares
Fresh Issue Size	37,76,000 shares	45,80,000 shares
Fresh Issue Size (Amount)	up to ₹24.17 Cr	up to ₹29.31 Cr
OFS Issue Size		10,50,000 shares
OFS Issue Size (Amount)		up to ₹6.72 Cr
Issue Size Total	37,76,000 shares	56,30,000 shares
Issue Size Total (Amount)	up to ₹24.17 Cr	up to ₹36.03 Cr

IPO Timetable

Divyadhan Recycling Industries IPO opens on Sep 26, 2024, while Phoenix Overseas IPO opens on Sep 20, 2024. The closing date of Divyadhan Recycling Industries IPO and Phoenix Overseas IPO is Sep 30, 2024, and Sep 24, 2024, respectively.

	Divyadhan Recycling Industries IPO	Phoenix Overseas IPO
Anchor Bid Date	Sep 25, 2024
Issue Open	Sep 26, 2024	Sep 20, 2024
Issue Close	Sep 30, 2024	Sep 24, 2024
Basis Of Allotment (Tentative)	Oct 01, 2024	Sep 25, 2024
Initiation of Refunds (Tentative)	Oct 03, 2024	Sep 26, 2024
Credit of Share (Tentative)	Oct 03, 2024	Sep 26, 2024
Listing date (Tentative)	Oct 04, 2024	Sep 27, 2024
Anchor Lockin End date 1	Oct 31, 2024
Anchor Lockin End date 2	Dec 30, 2024

Financials

Divyadhan Recycling Industries IPO P/E ratio is 28.34, as compared to Phoenix Overseas IPO P/E ratio of 17.18.

Divyadhan Recycling Industries IPO

Phoenix Overseas IPO

Financial

Divyadhan Recycling Industries Limited Financial Information (Restated)

Divyadhan Recycling Industries Limited's revenue increased by 2% and profit after tax (PAT) rose by 10% 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	2,412.11	1,938.64	1,767.74
Revenue	5,912.88	5,815.51	5,981.52
Profit After Tax	237.8	216.18	52.91
Net Worth	1,291.03	853.23	637.05
Reserves and Surplus	764.49	353.23	137.05
Total Borrowing	606.64	545.55	799.76
Amount in ₹ Lakhs

Phoenix Overseas Limited Financial Information (Restated Standalone)

Phoenix Overseas Limited's revenue increased by 22% and profit after tax (PAT) rose by 46% 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	13,162.58	14,686.47	9,480.59
Revenue	54,915.1	45,131.61	37,828.19
Profit After Tax	549.93	375.48	391.36
Net Worth	5,012.26	4,570.52	4,246.59
Reserves and Surplus	4,520.06	4,078.32	3,754.39
Total Borrowing	2,937.11	3,447.24	2,981.26
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

94.06%

99.16%

Promoter Shareholding (Post-Issue)

69.24%

P/E Ratio

28.34

17.18

Market Cap

₹91.56 Cr.

₹123.81 Cr.

ROE

18.42%%

10.74%%

ROCE

20.76%%

15.28%%

Debt/Equity

0.47

0.59

EPS

₹2.26

₹3.72

RoNW

18.42%%

10.74%%

Shares Offered

In the Divyadhan Recycling Industries IPO retail investors (RII) are offered 12,52,000 shares while in Phoenix Overseas IPO retail investors are offered 12,52,000 shares. Qualified institutional buyers (QIB) are offered 7,16,000 shares in Divyadhan Recycling Industries IPO and 8,02,000 shares in Phoenix Overseas IPO.

	Divyadhan Recycling Industries IPO	Phoenix Overseas IPO
Anchor Investor Reserveration	10,70,000 shares
Market Maker Reserveration	2,00,000 shares	1,96,000 shares
QIB	7,16,000 shares	8,02,000 shares
NII	5,38,000 shares	23,86,000 shares
RII	12,52,000 shares	22,46,000 shares
Employee	0 shares	0 shares
Others
Total	25,06,000 shares	54,34,000 shares

Bids Received (Subscription)

Divyadhan Recycling Industries IPO subscribed 2.38x in total, whereas Phoenix Overseas IPO subscribed 119.22x.

	Divyadhan Recycling Industries IPO	Phoenix Overseas IPO
QIB (times)	1.86x	65.74x
NII (times)	0.64x	109.71x
Big NII (times)
Small NII (times)
RII (times)	3.42x	148.43x
Employee (times)
Other (times)
Total (times)	2.38x	119.22x

Compare with others

Divyadhan Recycling Industries IPO	Phoenix Overseas IPO
Sahasra Electronics Solutions IPO	TechEra Engineering IPO
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Avi Ansh Textile IPO	SD Retail IPO
Rappid Valves (India) IPO	BikeWo GreenTech IPO
Phoenix Overseas IPO	Pelatro IPO
WOL 3D IPO	Osel Devices IPO

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