Premium Plast IPO vs United Heat Transfer IPO

Comparision between Premium Plast IPO and United Heat Transfer IPO.

IPO Details

Premium Plast IPO is a SME Book Built Issue IPO proposed to list at NSE SME while United Heat Transfer IPO is a SME Book Built Issue proposed to list at NSE SME.

	Premium Plast IPO	United Heat Transfer IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Khandwala Securities Limited	Swastika Investmart Ltd
Registrar	Bigshare Services Pvt Ltd	Link Intime India Private Ltd
Market Maker	Asnani Stock Broker Private Limited	Swastika Investmart 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 Premium Plast IPO is up to ₹26.20 Cr whereas the issue size of the United Heat Transfer IPO is up to ₹30.00 Cr. The final issue price of Premium Plast IPO is ₹49.00 per share and of United Heat Transfer IPO is ₹59.00 per share.

	Premium Plast IPO	United Heat Transfer IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹46.00 per share	₹56.00 per share
Issue Price (Upper)	₹49.00 per share	₹59.00 per share
Issue Price (Final)	₹49.00 per share	₹59.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	2000 shares
Fresh Issue Size	53,46,000 shares	50,84,000 shares
Fresh Issue Size (Amount)	up to ₹26.20 Cr	up to ₹30.00 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	53,46,000 shares	50,84,000 shares
Issue Size Total (Amount)	up to ₹26.20 Cr	up to ₹30.00 Cr

IPO Timetable

Premium Plast IPO opens on Oct 21, 2024, while United Heat Transfer IPO opens on Oct 22, 2024. The closing date of Premium Plast IPO and United Heat Transfer IPO is Oct 23, 2024, and Oct 24, 2024, respectively.

	Premium Plast IPO	United Heat Transfer IPO
Anchor Bid Date		Oct 21, 2024
Issue Open	Oct 21, 2024	Oct 22, 2024
Issue Close	Oct 23, 2024	Oct 24, 2024
Basis Of Allotment (Tentative)	Oct 24, 2024	Oct 25, 2024
Initiation of Refunds (Tentative)	Oct 25, 2024	Oct 28, 2024
Credit of Share (Tentative)	Oct 25, 2024	Oct 28, 2024
Listing date (Tentative)	Oct 28, 2024	Oct 29, 2024
Anchor Lockin End date 1		Nov 23, 2024
Anchor Lockin End date 2		Jan 22, 2025

Financials

Premium Plast IPO P/E ratio is 14.11, as compared to United Heat Transfer IPO P/E ratio of 13.16.

Premium Plast IPO

United Heat Transfer IPO

Financial

Premium Plast Limited Financial Information (Restated Consolidated)

Premium Plast Limited's revenue increased by 6% and profit after tax (PAT) rose by 200% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	30 Jun 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	4,006.31	3,809.23	2,905.45	2,516.95
Revenue	1,212.81	4,670.59	4,404.83	3,104.78
Profit After Tax	141.16	477.55	159.32	77.7
Net Worth	2,216.67	1,652.51	1,174.96	1,015.64
Reserves and Surplus	841.56	1,176.45	698.91	539.59
Total Borrowing	506.84	830.98	505.35	512.28
Amount in ₹ Lakhs

United Heat Transfer Limited Financial Information (Restated)

United Heat Transfer Limited's revenue decreased by -9% and profit after tax (PAT) rose by 195% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Jul 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	7,230.03	7,046.67	6,481.52	6,262.36
Revenue	2,120.01	6,409.55	7,040.15	4,796.11
Profit After Tax	242.53	623.85	211.54	152.67
Net Worth	2,865.24	2,037.71	1,413.86	1,202.32
Reserves and Surplus	1,473.24	762.71	988.86	777.32
Total Borrowing	3,202.13	3,692.18	3,295.18	3,761.47
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

95.45%

91.59%

Promoter Shareholding (Post-Issue)

68.73%

67.09%

P/E Ratio

14.11

13.16

Market Cap

₹93.58 Cr.

₹112.12 Cr.

ROE

6.37%%

8.46%%

ROCE

7.88%%

10.79%%

Debt/Equity

1.12

EPS

₹3.47

₹4.48

RoNW

6.37%%

8.46%%

Shares Offered

In the Premium Plast IPO retail investors (RII) are offered 22,83,000 shares while in United Heat Transfer IPO retail investors are offered 22,83,000 shares. Qualified institutional buyers (QIB) are offered 5,10,000 shares in Premium Plast IPO and 9,74,000 shares in United Heat Transfer IPO.

	Premium Plast IPO	United Heat Transfer IPO
Anchor Investor Reserveration		14,34,000 shares
Market Maker Reserveration	2,70,000 shares	2,56,000 shares
QIB	5,10,000 shares	9,74,000 shares
NII	22,83,000 shares	7,28,000 shares
RII	22,83,000 shares	16,92,000 shares
Employee	0 shares	0 shares
Others
Total	50,76,000 shares	33,94,000 shares

Bids Received (Subscription)

Premium Plast IPO subscribed 38.87x in total, whereas United Heat Transfer IPO subscribed 83.70x.

	Premium Plast IPO	United Heat Transfer IPO
QIB (times)	6.74x	26.56x
NII (times)	19.56x	124.72x
Big NII (times)
Small NII (times)
RII (times)	65.37x	98.93x
Employee (times)
Other (times)
Total (times)	38.87x	83.70x

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