Piotex Industries IPO vs Premier Roadlines IPO

Comparision between Piotex Industries IPO and Premier Roadlines IPO.

IPO Details

Piotex Industries IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Premier Roadlines IPO is a SME Book Built Issue proposed to list at NSE SME.

	Piotex Industries IPO	Premier Roadlines IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	BSE SME	NSE SME
Lead Managers	Beeline Capital Advisors Pvt Ltd	Hem Securities Limited
Registrar	Cameo Corporate Services Limited	Maashitla Securities Private Limited
Market Maker	Spread X Securities Private Limited	Hem Finlease 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 Piotex Industries IPO is up to ₹14.47 Cr whereas the issue size of the Premier Roadlines IPO is up to ₹40.36 Cr. The final issue price of Piotex Industries IPO is ₹94.00 per share and of Premier Roadlines IPO is ₹67.00 per share.

	Piotex Industries IPO	Premier Roadlines IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹63.00 per share
Issue Price (Upper)		₹67.00 per share
Issue Price (Final)	₹94.00 per share	₹67.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	2000 shares
Fresh Issue Size	15,39,600 shares	60,24,000 shares
Fresh Issue Size (Amount)	up to ₹14.47 Cr	up to ₹40.36 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	15,39,600 shares	60,24,000 shares
Issue Size Total (Amount)	up to ₹14.47 Cr	up to ₹40.36 Cr

IPO Timetable

Piotex Industries IPO opens on May 10, 2024, while Premier Roadlines IPO opens on May 10, 2024. The closing date of Piotex Industries IPO and Premier Roadlines IPO is May 14, 2024, and May 14, 2024, respectively.

	Piotex Industries IPO	Premier Roadlines IPO
Anchor Bid Date		May 09, 2024
Issue Open	May 10, 2024	May 10, 2024
Issue Close	May 14, 2024	May 14, 2024
Basis Of Allotment (Tentative)	May 15, 2024	May 15, 2024
Initiation of Refunds (Tentative)	May 16, 2024	May 16, 2024
Credit of Share (Tentative)	May 16, 2024	May 16, 2024
Listing date (Tentative)	May 17, 2024	May 17, 2024
Anchor Lockin End date 1		Jun 14, 2024
Anchor Lockin End date 2		Aug 13, 2024

Financials

Piotex Industries IPO P/E ratio is 11.14, as compared to Premier Roadlines IPO P/E ratio of 15.7.

Piotex Industries IPO

Premier Roadlines IPO

Financial

Piotex Industries Limited Financial Information (Restated)

Piotex Industries Limited's revenue increased by 37.23% and profit after tax (PAT) rose by 4.17% 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	3,610.59	1,757.68	1,385.47
Revenue	11,893.88	8,667.21	8,046.39
Profit After Tax	300.80	288.75	74.29
Net Worth	897.18	440.07	151.32
Reserves and Surplus	582.47	425.07	136.32
Total Borrowing	445.94	372.30	528.58
Amount in ₹ Lakhs

Premier Roadlines Limited Financial Information (Restated Standalone)

Period Ended	31 Jan 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	8,699.12	7,410.76	5,144.62	4,578.82
Revenue	17,420.71	19,205.60	13,868.81	9,415.78
Profit After Tax	874.67	718.50	388.60	155.39
Net Worth	3,577.83	2,703.17	1,984.67	1,596.07
Reserves and Surplus	1,893.98	2,550.09	1,831.59	1,442.99
Total Borrowing	3,707.93	3,677.26	2,354.82	2,379.01
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

Promoter Shareholding (Post-Issue)

69.83%

73.65%

P/E Ratio

11.14

15.7

Market Cap

₹47.97 Cr.

₹153.18 Cr.

ROE

44.99%%

27.85%%

ROCE

33.20%%

20.05%%

Debt/Equity

0.5

1.04

EPS

₹8.44

₹4.27

RoNW

33.53%%

24.45%%

Shares Offered

In the Piotex Industries IPO retail investors (RII) are offered 7,30,800 shares while in Premier Roadlines IPO retail investors are offered 7,30,800 shares. Qualified institutional buyers (QIB) are offered 0 shares in Piotex Industries IPO and 11,44,000 shares in Premier Roadlines IPO.

	Piotex Industries IPO	Premier Roadlines IPO
Anchor Investor Reserveration		17,14,000 shares
Market Maker Reserveration	78,000 shares	3,04,000 shares
QIB	0 shares	11,44,000 shares
NII	7,30,800 shares	8,58,000 shares
RII	7,30,800 shares	20,04,000 shares
Employee	0 shares	0 shares
Others
Total	14,61,600 shares	40,06,000 shares

Bids Received (Subscription)

Piotex Industries IPO subscribed 107.44x in total, whereas Premier Roadlines IPO subscribed 117.57x.

	Piotex Industries IPO	Premier Roadlines IPO
QIB (times)		89.95x
NII (times)	115.21x	180.25x
Big NII (times)
Small NII (times)
RII (times)	93.33x	106.50x
Employee (times)
Other (times)
Total (times)	107.44x	117.57x

Compare with others

Piotex Industries IPO	Premier Roadlines IPO
GSM Foils IPO	Quest Laboratories IPO
Vilas Transcore IPO	Piotex Industries IPO
Hariom Atta & Spices IPO	Veritaas Advertising IPO
Rulka Electricals IPO	Indian Emulsifier IPO
Quest Laboratories IPO	Aztec Fluids & Machinery IPO
Veritaas Advertising IPO	Silkflex Polymers IPO
Indian Emulsifier IPO	Energy Mission Machineries IPO
Aztec Fluids & Machinery IPO	TGIF Agribusiness IPO
Premier Roadlines IPO	Refractory Shapes IPO
Silkflex Polymers IPO	Winsol Engineers IPO

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