Platinum Industries IPO vs Vibhor Steel Tubes IPO

Comparision between Platinum Industries IPO and Vibhor Steel Tubes IPO.

IPO Details

Platinum Industries IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Vibhor Steel Tubes IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Platinum Industries IPO	Vibhor Steel Tubes 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	Khambatta Securities Limited
Registrar	Bigshare Services Pvt Ltd	Kfin Technologies Limited
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 Vibhor Steel Tubes IPO is up to ₹72.17 Cr. The final issue price of Platinum Industries IPO is ₹171.00 per share and of Vibhor Steel Tubes IPO is ₹151.00 per share.

	Platinum Industries IPO	Vibhor Steel Tubes IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹162.00 per share	₹141.00 per share
Issue Price (Upper)	₹171.00 per share	₹151.00 per share
Issue Price (Final)	₹171.00 per share	₹151.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	87 shares	99 shares
Fresh Issue Size	1,37,61,225 shares	47,79,444 shares
Fresh Issue Size (Amount)	up to ₹235.32 Cr	up to ₹72.17 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	1,37,61,225 shares	47,79,444 shares
Issue Size Total (Amount)	up to ₹235.32 Cr	up to ₹72.17 Cr

IPO Timetable

Platinum Industries IPO opens on Feb 27, 2024, while Vibhor Steel Tubes IPO opens on Feb 13, 2024. The closing date of Platinum Industries IPO and Vibhor Steel Tubes IPO is Feb 29, 2024, and Feb 15, 2024, respectively.

	Platinum Industries IPO	Vibhor Steel Tubes IPO
Anchor Bid Date	Feb 26, 2024	Feb 12, 2024
Issue Open	Feb 27, 2024	Feb 13, 2024
Issue Close	Feb 29, 2024	Feb 15, 2024
Basis Of Allotment (Tentative)	Mar 01, 2024	Feb 16, 2024
Initiation of Refunds (Tentative)	Mar 04, 2024	Feb 19, 2024
Credit of Share (Tentative)	Mar 04, 2024	Feb 19, 2024
Listing date (Tentative)	Mar 05, 2024	Feb 20, 2024
Anchor Lockin End date 1	Mar 31, 2024	Mar 17, 2024
Anchor Lockin End date 2	May 30, 2024	May 16, 2024

Financials

Platinum Industries IPO P/E ratio is 18.73, as compared to Vibhor Steel Tubes IPO P/E ratio of 10.17.

Platinum Industries IPO

Vibhor Steel Tubes 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

Vibhor Steel Tubes Limited Financial Information (Restated Consolidated)

Vibhor Steel Tubes Limited's revenue increased by 36.15% and profit after tax (PAT) rose by 85.91% 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	376.48	293.63	248.54	172.93
Revenue	531.24	1,114.38	818.48	511.51
Profit After Tax	8.52	21.07	11.33	0.69
Net Worth	101.76	93.20	71.97	60.49
Total Borrowing	160.27	126.83	106.07	58.74
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

94.74%

98.24%

Promoter Shareholding (Post-Issue)

P/E Ratio

18.73

10.17

Market Cap

₹939.22 Cr.

₹286.33 Cr.

ROE

90.02%%

25.51%%

ROCE

56.85%%

16.48%%

Debt/Equity

0.28

1.63

EPS

₹9.13

₹14.85

RoNW

61.26%%

22.60%%

Shares Offered

In the Platinum Industries IPO retail investors (RII) are offered 48,16,429 shares while in Vibhor Steel Tubes IPO retail investors are offered 48,16,429 shares. Qualified institutional buyers (QIB) are offered 27,52,375 shares in Platinum Industries IPO and 9,50,064 shares in Vibhor Steel Tubes IPO.

	Platinum Industries IPO	Vibhor Steel Tubes IPO
Anchor Investor Reserveration	41,28,237 shares	14,24,907 shares
Market Maker Reserveration
QIB	27,52,375 shares	9,50,064 shares
NII	20,64,184 shares	7,12,491 shares
RII	48,16,429 shares	16,62,479 shares
Employee	0 shares	29,502 shares
Others
Total	96,32,988 shares	33,54,537 shares

Bids Received (Subscription)

Platinum Industries IPO subscribed 98.99x in total, whereas Vibhor Steel Tubes IPO subscribed 320.05x.

	Platinum Industries IPO	Vibhor Steel Tubes IPO
QIB (times)	151.00x	191.41x
NII (times)	141.79x	772.49x
Big NII (times)	138.46x	754.37x
Small NII (times)	148.46x	808.72x
RII (times)	50.92x	201.52x
Employee (times)		215.79x
Other (times)
Total (times)	98.99x	320.05x

Compare with others

Platinum Industries IPO	Vibhor Steel Tubes IPO
Vibhor Steel Tubes IPO	Krystal Integrated Services IPO
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Exicom Tele-Systems IPO	Bharat Highways InvIT
Capital SFB IPO	GPT Healthcare IPO
Jana SFB IPO	Juniper Hotels IPO
Apeejay Surrendra Park IPO	Entero Healthcare Solutions IPO
Rashi Peripherals IPO	Exicom Tele-Systems IPO
BLS E-Services IPO	Capital SFB IPO
R K SWAMY IPO	Jana SFB IPO
EPACK Durable IPO	Platinum Industries IPO

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