Positron Energy IPO vs Solve Plastic Products IPO

Comparision between Positron Energy IPO and Solve Plastic Products IPO.

IPO Details

Positron Energy IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Solve Plastic Products IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Positron Energy IPO	Solve Plastic Products IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	Beeline Capital Advisors Pvt Ltd	Finshore Management Services Limited
Registrar	Link Intime India Private Ltd	Integrated Registry Management Services Private Limited
Market Maker	Spread X Securities Private Limited	Black Fox Financial 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 Positron Energy IPO is up to ₹51.21 Cr whereas the issue size of the Solve Plastic Products IPO is up to ₹11.85 Cr. The final issue price of Positron Energy IPO is ₹250.00 per share and of Solve Plastic Products IPO is ₹91.00 per share.

	Positron Energy IPO	Solve Plastic Products IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹238.00 per share
Issue Price (Upper)	₹250.00 per share
Issue Price (Final)	₹250.00 per share	₹91.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	600 shares	1200 shares
Fresh Issue Size	20,48,400 shares	13,02,000 shares
Fresh Issue Size (Amount)	up to ₹51.21 Cr	up to ₹11.85 Cr
OFS Issue Size
OFS Issue Size (Amount)	up to ₹0.00 Cr
Issue Size Total	20,48,400 shares	13,02,000 shares
Issue Size Total (Amount)	up to ₹51.21 Cr	up to ₹11.85 Cr

IPO Timetable

Positron Energy IPO opens on Aug 12, 2024, while Solve Plastic Products IPO opens on Aug 13, 2024. The closing date of Positron Energy IPO and Solve Plastic Products IPO is Aug 14, 2024, and Aug 16, 2024, respectively.

	Positron Energy IPO	Solve Plastic Products IPO
Anchor Bid Date	Aug 09, 2024
Issue Open	Aug 12, 2024	Aug 13, 2024
Issue Close	Aug 14, 2024	Aug 16, 2024
Basis Of Allotment (Tentative)	Aug 16, 2024	Aug 19, 2024
Initiation of Refunds (Tentative)	Aug 19, 2024	Aug 20, 2024
Credit of Share (Tentative)	Aug 19, 2024	Aug 20, 2024
Listing date (Tentative)	Aug 20, 2024	Aug 21, 2024
Anchor Lockin End date 1	Sep 15, 2024
Anchor Lockin End date 2	Nov 14, 2024

Financials

Positron Energy IPO P/E ratio is 15.79, as compared to Solve Plastic Products IPO P/E ratio of 23.2.

Positron Energy IPO

Solve Plastic Products IPO

Financial

Positron Energy Limited Financial Information (Restated Consolidated)

Positron Energy Limited's revenue increased by 160.29% and profit after tax (PAT) rose by 312.96% 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	3,789.02	2,476.25	938.90
Revenue	13,541.76	5,202.61	896.85
Profit After Tax	878.78	212.80	57.98
Net Worth	1,489.26	566.87	354.45
Reserves and Surplus	934.06	532.17	319.75
Total Borrowing	1,027.90	741.81	368.33
Amount in ₹ Lakhs

Solve Plastic Products Limited Financial Information (Restated)

Solve Plastic Products Limited's revenue decreased by -24% and profit after tax (PAT) rose by 18% 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	2,211.53	1,874.27	1,822.99
Revenue	4,715.73	6,225.43	5,577.89
Profit After Tax	142.48	120.27	-40.71
Net Worth	438.79	192.56	72.29
Reserves and Surplus	132.16	-110.94	-231.21
Total Borrowing	1,136.42	1,053.42	1,030.43
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

98.56%

90.22%

Promoter Shareholding (Post-Issue)

72.00%

63.33%

P/E Ratio

15.79

23.2

Market Cap

₹190.01 Cr.

₹39.75 Cr.

ROE

0.85%%

ROCE

0.62%%

Debt/Equity

0.69

2.83

EPS

₹15.83

₹3.92

RoNW

59.01%%

32.47%%

Shares Offered

In the Positron Energy IPO retail investors (RII) are offered 6,81,600 shares while in Solve Plastic Products IPO retail investors are offered 6,81,600 shares. Qualified institutional buyers (QIB) are offered 3,88,800 shares in Positron Energy IPO and 0 shares in Solve Plastic Products IPO.

	Positron Energy IPO	Solve Plastic Products IPO
Anchor Investor Reserveration	5,83,200 shares
Market Maker Reserveration	1,02,600 shares	66,000 shares
QIB	3,88,800 shares	0 shares
NII	2,92,200 shares	6,18,000 shares
RII	6,81,600 shares	6,18,000 shares
Employee	0 shares	0 shares
Others
Total	13,62,600 shares	12,36,000 shares

Bids Received (Subscription)

Positron Energy IPO subscribed 414.86x in total, whereas Solve Plastic Products IPO subscribed 34.23x.

	Positron Energy IPO	Solve Plastic Products IPO
QIB (times)	231.41x
NII (times)	805.84x	19.47x
Big NII (times)
Small NII (times)
RII (times)	351.90x	46.76x
Employee (times)
Other (times)
Total (times)	414.86x	34.23x

Compare with others

Positron Energy IPO	Solve Plastic Products IPO
Forcas Studio IPO	Indian Phosphate IPO
Solve Plastic Products IPO	Resourceful Automobile IPO
Broach Lifecare Hospital IPO	Ideal Technoplast Industries IPO
Brace Port Logistics IPO	QVC Exports IPO
Sunlite Recycling Industries IPO	Forcas Studio IPO
Aesthetik Engineers IPO	Broach Lifecare Hospital IPO
Picture Post Studios IPO	Brace Port Logistics IPO
Afcom Holdings IPO	Sunlite Recycling Industries IPO
Dhariwalcorp IPO	Positron Energy IPO
Utssav Cz Gold Jewels IPO	Aesthetik Engineers IPO

Comments

Add a public comment...