Plada Infotech Services IPO vs Rajgor Castor Derivatives IPO

Comparision between Plada Infotech Services IPO and Rajgor Castor Derivatives IPO.

IPO Details

Plada Infotech Services IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Rajgor Castor Derivatives IPO is a SME Book Built Issue proposed to list at NSE SME.

	Plada Infotech Services IPO	Rajgor Castor Derivatives 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	Indorient Financial Services Ltd	Beeline Capital Advisors Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Link Intime India Private Ltd
Market Maker	Nikunj Stock Brokers Limited	Spread X Securities 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 Plada Infotech Services IPO is up to ₹12.36 Cr whereas the issue size of the Rajgor Castor Derivatives IPO is up to ₹47.81 Cr. The final issue price of Plada Infotech Services IPO is ₹48.00 per share and of Rajgor Castor Derivatives IPO is ₹50.00 per share.

	Plada Infotech Services IPO	Rajgor Castor Derivatives IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹47.00 per share
Issue Price (Upper)		₹50.00 per share
Issue Price (Final)	₹48.00 per share	₹50.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	3000 shares
Fresh Issue Size	25,74,000 shares	88,95,000 shares
Fresh Issue Size (Amount)	up to ₹12.36 Cr	up to ₹44.48 Cr
OFS Issue Size		6,66,000 shares
OFS Issue Size (Amount)		up to ₹3.33 Cr
Issue Size Total	25,74,000 shares	95,61,000 shares
Issue Size Total (Amount)	up to ₹12.36 Cr	up to ₹47.81 Cr

IPO Timetable

Plada Infotech Services IPO opens on Sep 29, 2023, while Rajgor Castor Derivatives IPO opens on Oct 17, 2023. The closing date of Plada Infotech Services IPO and Rajgor Castor Derivatives IPO is Oct 05, 2023, and Oct 20, 2023, respectively.

	Plada Infotech Services IPO	Rajgor Castor Derivatives IPO
Anchor Bid Date		Oct 16, 2023
Issue Open	Sep 29, 2023	Oct 17, 2023
Issue Close	Oct 05, 2023	Oct 20, 2023
Basis Of Allotment (Tentative)	Oct 09, 2023	Oct 26, 2023
Initiation of Refunds (Tentative)	Oct 10, 2023	Oct 27, 2023
Credit of Share (Tentative)	Oct 11, 2023	Oct 30, 2023
Listing date (Tentative)	Oct 13, 2023	Oct 31, 2023
Anchor Lockin End date 1	Nov 08, 2023	Nov 25, 2023
Anchor Lockin End date 2	Jan 07, 2024	Jan 24, 2024

Financials

Plada Infotech Services IPO P/E ratio is 12.31, as compared to Rajgor Castor Derivatives IPO P/E ratio of 1.66.

Plada Infotech Services IPO

Rajgor Castor Derivatives IPO

Financial

Plada Infotech Services IPO Financial Information (Restated Consolidated)
Period Ended	31 Mar 2020	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	2,711.29	2,760.03	2,720.30	2,811.09
Revenue	5,068.20	4,460.86	4,887.39	6,275.12
Profit After Tax	119.93	66.71	109.87	233.82
Net Worth	342.60	408.44	518.10	752.70
Reserves and Surplus	341.60	407.44	498.10	552.70
Total Borrowing	1,989.85	1,952.59	1,771.67	1,654.13

Amount in ₹ Lakhs

Rajgor Castor Derivatives Limited Financial Information (Restated)

Rajgor Castor Derivatives Limited's revenue increased by 948.26% and profit after tax (PAT) rose by 962.41% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021	31 Mar 2020
Assets	9,847.95	7,782.64	3,753.42	2,578.48	2,645.34
Revenue	11,276.10	42,887.35	4,091.30	1,100.69	1,497.33
Profit After Tax	192.57	554.47	52.19	-180.18	-97.02
Net Worth	2,558.24	2,365.55	201.90	149.71
Reserves and Surplus	2,343.54	2,150.97	190.12	137.93	318.12
Total Borrowing	5,178.96	4,450.93	1,809.51	2,286.28
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

89.50%

100%

Promoter Shareholding (Post-Issue)

62.64%

P/E Ratio

12.31

1.66

Market Cap

₹41.16 Cr.

₹119.58 Cr.

ROE

37%%

43.19%%

ROCE

21%%

22.97%%

Debt/Equity

2.2

1.88

EPS

₹3.90

₹30.06

RoNW

31.07%%

23.44%%

Shares Offered

In the Plada Infotech Services IPO retail investors (RII) are offered 12,22,500 shares while in Rajgor Castor Derivatives IPO retail investors are offered 12,22,500 shares. Qualified institutional buyers (QIB) are offered 0 shares in Plada Infotech Services IPO and 17,22,000 shares in Rajgor Castor Derivatives IPO.

	Plada Infotech Services IPO	Rajgor Castor Derivatives IPO
Anchor Investor Reserveration		27,12,000 shares
Market Maker Reserveration	1,29,000 shares	5,01,000 shares
QIB	0 shares	17,22,000 shares
NII	12,22,500 shares	13,62,000 shares
RII	12,22,500 shares	31,42,000 shares
Employee	0 shares	0 shares
Others
Total	24,45,000 shares	62,26,000 shares

Bids Received (Subscription)

Plada Infotech Services IPO subscribed 57.85x in total, whereas Rajgor Castor Derivatives IPO subscribed 107.43x.

	Plada Infotech Services IPO	Rajgor Castor Derivatives IPO
QIB (times)		35.52x
NII (times)	39.81x	260.01x
Big NII (times)
Small NII (times)
RII (times)	73.78x	80.70x
Employee (times)
Other (times)
Total (times)	57.85x	107.43x

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