Premier Roadlines IPO vs Silkflex Polymers IPO

Comparision between Premier Roadlines IPO and Silkflex Polymers IPO.

IPO Details

Premier Roadlines IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Silkflex Polymers IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Premier Roadlines IPO	Silkflex Polymers 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	Hem Securities Limited	Shreni Shares Limited
Registrar	Maashitla Securities Private Limited	Bigshare Services Pvt Ltd
Market Maker	Hem Finlease Private Limited	Shreni Shares 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 Premier Roadlines IPO is up to ₹40.36 Cr whereas the issue size of the Silkflex Polymers IPO is up to ₹18.11 Cr. The final issue price of Premier Roadlines IPO is ₹67.00 per share and of Silkflex Polymers IPO is ₹52.00 per share.

	Premier Roadlines IPO	Silkflex Polymers 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)	₹67.00 per share	₹52.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	2000 shares
Fresh Issue Size	60,24,000 shares	34,82,000 shares
Fresh Issue Size (Amount)	up to ₹40.36 Cr	up to ₹18.11 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	60,24,000 shares	34,82,000 shares
Issue Size Total (Amount)	up to ₹40.36 Cr	up to ₹18.11 Cr

IPO Timetable

Premier Roadlines IPO opens on May 10, 2024, while Silkflex Polymers IPO opens on May 07, 2024. The closing date of Premier Roadlines IPO and Silkflex Polymers IPO is May 14, 2024, and May 10, 2024, respectively.

	Premier Roadlines IPO	Silkflex Polymers IPO
Anchor Bid Date	May 09, 2024
Issue Open	May 10, 2024	May 07, 2024
Issue Close	May 14, 2024	May 10, 2024
Basis Of Allotment (Tentative)	May 15, 2024	May 13, 2024
Initiation of Refunds (Tentative)	May 16, 2024	May 14, 2024
Credit of Share (Tentative)	May 16, 2024	May 14, 2024
Listing date (Tentative)	May 17, 2024	May 15, 2024
Anchor Lockin End date 1	Jun 14, 2024
Anchor Lockin End date 2	Aug 13, 2024

Financials

Premier Roadlines IPO P/E ratio is 15.7, as compared to Silkflex Polymers IPO P/E ratio of 53.76.

Premier Roadlines IPO

Silkflex Polymers IPO

Financial

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

Silkflex Polymers (India) Limited Financial Information (Restated)

Silkflex Polymers (India) Limited's revenue increased by 22.74% and profit after tax (PAT) rose by 14.58% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	3,446.35	2,374.73	1,968.81	1,314.06
Revenue	3,381.55	3,442.25	2,804.52	2,096.07
Profit After Tax	256.66	78.59	68.59	45.35
Net Worth	1,073.28	816.62	738.03	513.51
Reserves and Surplus	260.78	566.62	488.03	308.06
Total Borrowing	1,716.18	1,208.31	994.50	612.81
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

99.84%

Promoter Shareholding (Post-Issue)

73.65%

69.89%

P/E Ratio

15.7

53.76

Market Cap

₹153.18 Cr.

₹60.36 Cr.

ROE

27.85%%

23.91%%

ROCE

20.05%%

41.04%%

Debt/Equity

1.04

1.6

EPS

₹4.27

₹0.97

RoNW

24.45%%

23.91%%

Shares Offered

In the Premier Roadlines IPO retail investors (RII) are offered 20,04,000 shares while in Silkflex Polymers IPO retail investors are offered 20,04,000 shares. Qualified institutional buyers (QIB) are offered 11,44,000 shares in Premier Roadlines IPO and 0 shares in Silkflex Polymers IPO.

	Premier Roadlines IPO	Silkflex Polymers IPO
Anchor Investor Reserveration	17,14,000 shares
Market Maker Reserveration	3,04,000 shares	1,78,000 shares
QIB	11,44,000 shares	0 shares
NII	8,58,000 shares	16,52,000 shares
RII	20,04,000 shares	16,52,000 shares
Employee	0 shares	0 shares
Others
Total	40,06,000 shares	33,04,000 shares

Bids Received (Subscription)

Premier Roadlines IPO subscribed 117.57x in total, whereas Silkflex Polymers IPO subscribed 39.30x.

	Premier Roadlines IPO	Silkflex Polymers IPO
QIB (times)	89.95x
NII (times)	180.25x	36.59x
Big NII (times)
Small NII (times)
RII (times)	106.50x	35.97x
Employee (times)
Other (times)
Total (times)	117.57x	39.30x

Compare with others

Premier Roadlines IPO	Silkflex Polymers IPO
Quest Laboratories IPO	Piotex Industries IPO
Piotex Industries IPO	Veritaas Advertising IPO
Veritaas Advertising IPO	Indian Emulsifier IPO
Indian Emulsifier IPO	Aztec Fluids & Machinery IPO
Aztec Fluids & Machinery IPO	Premier Roadlines IPO
Silkflex Polymers IPO	Energy Mission Machineries IPO
Energy Mission Machineries IPO	TGIF Agribusiness IPO
TGIF Agribusiness IPO	Refractory Shapes IPO
Refractory Shapes IPO	Winsol Engineers IPO
Winsol Engineers IPO	Slone Infosystems IPO

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