Polysil Irrigation Systems IPO vs WTI Cabs IPO

Comparision between Polysil Irrigation Systems IPO and WTI Cabs IPO.

IPO Details

Polysil Irrigation Systems IPO is a SME Book Built Issue IPO proposed to list at NSE SME while WTI Cabs IPO is a SME Book Built Issue proposed to list at NSE SME.

	Polysil Irrigation Systems IPO	WTI Cabs IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Fedex Securities�Pvt Ltd	Share India Capital Services Private Limited
Registrar	Bigshare Services Pvt Ltd	Beetal Financial & Computer Services (P) Limited
Market Maker	Market-Hub Stock Broking Private Limited	Share India Securities 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 Polysil Irrigation Systems IPO is up to ₹17.44 Cr whereas the issue size of the WTI Cabs IPO is up to ₹94.68 Cr. The final issue price of Polysil Irrigation Systems IPO is ₹54.00 per share and of WTI Cabs IPO is ₹147.00 per share.

	Polysil Irrigation Systems IPO	WTI Cabs IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹140.00 per share
Issue Price (Upper)		₹147.00 per share
Issue Price (Final)	₹54.00 per share	₹147.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	1000 shares
Fresh Issue Size	14,44,000 shares	64,41,000 shares
Fresh Issue Size (Amount)	up to ₹7.80 Cr	up to ₹94.68 Cr
OFS Issue Size	17,85,000 shares
OFS Issue Size (Amount)	up to ₹9.64 Cr
Issue Size Total	32,29,000 shares	64,41,000 shares
Issue Size Total (Amount)	up to ₹17.44 Cr	up to ₹94.68 Cr

IPO Timetable

Polysil Irrigation Systems IPO opens on Feb 08, 2024, while WTI Cabs IPO opens on Feb 12, 2024. The closing date of Polysil Irrigation Systems IPO and WTI Cabs IPO is Feb 13, 2024, and Feb 14, 2024, respectively.

	Polysil Irrigation Systems IPO	WTI Cabs IPO
Anchor Bid Date		Feb 09, 2024
Issue Open	Feb 08, 2024	Feb 12, 2024
Issue Close	Feb 13, 2024	Feb 14, 2024
Basis Of Allotment (Tentative)	Feb 14, 2024	Feb 15, 2024
Initiation of Refunds (Tentative)	Feb 15, 2024	Feb 16, 2024
Credit of Share (Tentative)	Feb 15, 2024	Feb 16, 2024
Listing date (Tentative)	Feb 16, 2024	Feb 19, 2024
Anchor Lockin End date 1		Mar 16, 2024
Anchor Lockin End date 2		May 15, 2024

Financials

Polysil Irrigation Systems IPO P/E ratio is 47.08, as compared to WTI Cabs IPO P/E ratio of 24.81.

Polysil Irrigation Systems IPO

WTI Cabs IPO

Financial

Polysil Irrigation Systems Limited Financial Information (Restated)

Polysil Irrigation Systems Limited's revenue increased by 16.6% and profit after tax (PAT) rose by 236.39% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Aug 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	5,671.49	5,531.46	4,616.80	4,178.47
Revenue	1,019.74	4,392.49	3,767.21	5,471.58
Profit After Tax	110.31	113.53	33.75	64.81
Net Worth	1,646.02	1,535.71	1,372.06	1,338.31
Reserves and Surplus	656.31	546.00	1,326.56	1,292.82
Total Borrowing	1,566.17	1,547.25	1,494.96	1,104.83
Amount in ₹ Lakhs

Wise Travel India Limited Financial Information (Restated)

Wise Travel India Limited's revenue increased by 178.67% and profit after tax (PAT) rose by 172.5% 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	13,427.82	12,161.21	6,002.64	5,271.17
Revenue	19,016.53	24,997.04	8,970.00	4,405.51
Profit After Tax	1,132.91	1,029.36	377.74	172.85
Net Worth	5,194.36	4,061.45	2,832.10	2,454.36
Reserves and Surplus	3,457.28	3,745.62	2,537.10	2,159.36
Total Borrowing	1,627.55	1,674.50	216.32	56.59
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

33.79%

95.63%

Promoter Shareholding (Post-Issue)

29.49%

69.76%

P/E Ratio

47.08

24.81

Market Cap

₹61.24 Cr.

₹350.03 Cr.

ROE

7.39%%

29.79%%

ROCE

12.81%%

22.90%%

Debt/Equity

1.01

0.65

EPS

₹1.15

₹5.91

RoNW

7.39%%

25.28%%

Shares Offered

In the Polysil Irrigation Systems IPO retail investors (RII) are offered 15,32,000 shares while in WTI Cabs IPO retail investors are offered 15,32,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Polysil Irrigation Systems IPO and 11,91,000 shares in WTI Cabs IPO.

	Polysil Irrigation Systems IPO	WTI Cabs IPO
Anchor Investor Reserveration		17,85,000 shares
Market Maker Reserveration	1,64,000 shares	4,38,000 shares
QIB	0 shares	11,91,000 shares
NII	15,32,000 shares	8,94,000 shares
RII	15,32,000 shares	20,84,000 shares
Employee	0 shares	0 shares
Others
Total	30,64,000 shares	42,18,000 shares

Bids Received (Subscription)

Polysil Irrigation Systems IPO subscribed 6.88x in total, whereas WTI Cabs IPO subscribed 163.46x.

	Polysil Irrigation Systems IPO	WTI Cabs IPO
QIB (times)		106.69x
NII (times)	2.12x	375.56x
Big NII (times)
Small NII (times)
RII (times)	11.62x	108.76x
Employee (times)
Other (times)
Total (times)	6.88x	163.46x

Compare with others

Polysil Irrigation Systems IPO	WTI Cabs IPO
Trust Fintech IPO	Atmastco IPO
Interiors and More IPO	Thaai Casting IPO
Atmastco IPO	Kalahridhaan Trendz IPO
Thaai Casting IPO	Polysil Irrigation Systems IPO
Kalahridhaan Trendz IPO	Rudra Gas Enterprise IPO
Rudra Gas Enterprise IPO	Alpex Solar IPO
WTI Cabs IPO	Italian Edibles IPO
Alpex Solar IPO	Gabriel Pet Straps IPO
Italian Edibles IPO	Mayank Cattle Food IPO
Gabriel Pet Straps IPO	Docmode Health Technologies IPO

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