Platinum Industries IPO vs Rashi Peripherals IPO

Comparision between Platinum Industries IPO and Rashi Peripherals IPO.

IPO Details

Platinum Industries IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Rashi Peripherals IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Platinum Industries IPO	Rashi Peripherals IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Unistone Capital Pvt Ltd	Jm Financial Limited ICICI Securities Limited
Registrar	Bigshare Services Pvt Ltd	Link Intime India Private Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Platinum Industries IPO is up to ₹235.32 Cr whereas the issue size of the Rashi Peripherals IPO is up to ₹600.00 Cr. The final issue price of Platinum Industries IPO is ₹171.00 per share and of Rashi Peripherals IPO is ₹311.00 per share.

	Platinum Industries IPO	Rashi Peripherals IPO
Face Value	₹10 per share	₹5 per share
Issue Price (Lower)	₹162.00 per share	₹295.00 per share
Issue Price (Upper)	₹171.00 per share	₹311.00 per share
Issue Price (Final)	₹171.00 per share	₹311.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	87 shares	48 shares
Fresh Issue Size	1,37,61,225 shares	1,92,92,604 shares
Fresh Issue Size (Amount)	up to ₹235.32 Cr	up to ₹600.00 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	1,37,61,225 shares	1,92,92,604 shares
Issue Size Total (Amount)	up to ₹235.32 Cr	up to ₹600.00 Cr

IPO Timetable

Platinum Industries IPO opens on Feb 27, 2024, while Rashi Peripherals IPO opens on Feb 07, 2024. The closing date of Platinum Industries IPO and Rashi Peripherals IPO is Feb 29, 2024, and Feb 09, 2024, respectively.

	Platinum Industries IPO	Rashi Peripherals IPO
Anchor Bid Date	Feb 26, 2024	Feb 06, 2024
Issue Open	Feb 27, 2024	Feb 07, 2024
Issue Close	Feb 29, 2024	Feb 09, 2024
Basis Of Allotment (Tentative)	Mar 01, 2024	Feb 12, 2024
Initiation of Refunds (Tentative)	Mar 04, 2024	Feb 13, 2024
Credit of Share (Tentative)	Mar 04, 2024	Feb 13, 2024
Listing date (Tentative)	Mar 05, 2024	Feb 14, 2024
Anchor Lockin End date 1	Mar 31, 2024	Mar 13, 2024
Anchor Lockin End date 2	May 30, 2024	May 12, 2024

Financials

Platinum Industries IPO P/E ratio is 18.73, as compared to Rashi Peripherals IPO P/E ratio of 11.75.

Platinum Industries IPO

Rashi Peripherals IPO

Financial

Platinum Industries Limited Financial Information (Restated Consolidated)

Platinum Industries Limited's revenue increased by 22.89% and profit after tax (PAT) rose by 111.76% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	137.72	121.17	84.48	32.26
Revenue	123.73	232.56	189.24	89.53
Profit After Tax	22.84	37.58	17.75	4.82
Net Worth	85.04	61.88	22.34	4.47
Reserves and Surplus	44.86	21.80	21.28	3.53
Total Borrowing	11.46	17.43	24.24	3.26
Amount in ₹ Crore

Rashi Peripherals Limited Financial Information (Restated Consolidated)

Rashi Peripherals Limited's revenue increased by 1.58% and profit after tax (PAT) dropped by -32.42% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	4,058.64	2,798.60	2,669.76	1,594.39
Revenue	5,473.27	9,468.95	9,321.92	5,930.24
Profit After Tax	72.02	123.34	182.51	136.35
Net Worth	772.74	700.12	575.07	394.19
Reserves and Surplus	686.24	760.36	557.84	395.99
Total Borrowing	1,395.20	1,065.76	881.74	488.99
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

94.74%

89.65%

Promoter Shareholding (Post-Issue)

63.41%

P/E Ratio

18.73

11.75

Market Cap

₹939.22 Cr.

₹2049.48 Cr.

ROE

90.02%%

19.33%%

ROCE

56.85%%

14.21%%

Debt/Equity

0.28

1.53

EPS

₹9.13

₹26.46

RoNW

61.26%%

17.60%%

Shares Offered

In the Platinum Industries IPO retail investors (RII) are offered 48,16,429 shares while in Rashi Peripherals IPO retail investors are offered 48,16,429 shares. Qualified institutional buyers (QIB) are offered 27,52,375 shares in Platinum Industries IPO and 38,58,521 shares in Rashi Peripherals IPO.

	Platinum Industries IPO	Rashi Peripherals IPO
Anchor Investor Reserveration	41,28,237 shares	57,87,780 shares
Market Maker Reserveration
QIB	27,52,375 shares	38,58,521 shares
NII	20,64,184 shares	28,93,891 shares
RII	48,16,429 shares	67,52,411 shares
Employee	0 shares	0 shares
Others
Total	96,32,988 shares	1,35,04,823 shares

Bids Received (Subscription)

Platinum Industries IPO subscribed 98.99x in total, whereas Rashi Peripherals IPO subscribed 62.95x.

	Platinum Industries IPO	Rashi Peripherals IPO
QIB (times)	151.00x	151.45x
NII (times)	141.79x	66.15x
Big NII (times)	138.46x	74.51x
Small NII (times)	148.46x	50.38x
RII (times)	50.92x	11.01x
Employee (times)
Other (times)
Total (times)	98.99x	62.95x

Compare with others

Platinum Industries IPO	Rashi Peripherals IPO
Vibhor Steel Tubes IPO	Exicom Tele-Systems IPO
Entero Healthcare Solutions IPO	Capital SFB IPO
Exicom Tele-Systems IPO	Jana SFB IPO
Capital SFB IPO	Platinum Industries IPO
Jana SFB IPO	Apeejay Surrendra Park IPO
Apeejay Surrendra Park IPO	BLS E-Services IPO
Rashi Peripherals IPO	R K SWAMY IPO
BLS E-Services IPO	EPACK Durable IPO
R K SWAMY IPO	Nova AgriTech IPO
EPACK Durable IPO	Medi Assist Healthcare IPO

Comments

Add a public comment...