Refractory Shapes IPO vs Winsol Engineers IPO

Comparision between Refractory Shapes IPO and Winsol Engineers IPO.

IPO Details

Refractory Shapes IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Winsol Engineers IPO is a SME Book Built Issue proposed to list at NSE SME.

	Refractory Shapes IPO	Winsol Engineers IPO
Logo	$Refractory Shapes IPO Logo$
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Shreni Shares Limited	Beeline Capital Advisors Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Kfin Technologies Limited
Market Maker	Shreni Shares Limited	Spread X Securities Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Refractory Shapes IPO is up to ₹18.60 Cr whereas the issue size of the Winsol Engineers IPO is up to ₹23.36 Cr. The final issue price of Refractory Shapes IPO is ₹31.00 per share and of Winsol Engineers IPO is ₹75.00 per share.

	Refractory Shapes IPO	Winsol Engineers IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹27.00 per share	₹71.00 per share
Issue Price (Upper)	₹31.00 per share	₹75.00 per share
Issue Price (Final)	₹31.00 per share	₹75.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	4000 shares	1600 shares
Fresh Issue Size	60,00,000 shares	31,15,200 shares
Fresh Issue Size (Amount)	up to ₹18.60 Cr	up to ₹23.36 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	60,00,000 shares	31,15,200 shares
Issue Size Total (Amount)	up to ₹18.60 Cr	up to ₹23.36 Cr

IPO Timetable

Refractory Shapes IPO opens on May 06, 2024, while Winsol Engineers IPO opens on May 06, 2024. The closing date of Refractory Shapes IPO and Winsol Engineers IPO is May 09, 2024, and May 09, 2024, respectively.

	Refractory Shapes IPO	Winsol Engineers IPO
Anchor Bid Date	May 03, 2024	May 03, 2024
Issue Open	May 06, 2024	May 06, 2024
Issue Close	May 09, 2024	May 09, 2024
Basis Of Allotment (Tentative)	May 10, 2024	May 10, 2024
Initiation of Refunds (Tentative)	May 13, 2024	May 13, 2024
Credit of Share (Tentative)	May 13, 2024	May 13, 2024
Listing date (Tentative)	May 14, 2024	May 14, 2024
Anchor Lockin End date 1	Jun 09, 2024	Jun 09, 2024
Anchor Lockin End date 2	Aug 08, 2024	Aug 08, 2024

Financials

Refractory Shapes IPO P/E ratio is 25.55, as compared to Winsol Engineers IPO P/E ratio of 12.19.

Refractory Shapes IPO

Winsol Engineers IPO

Financial

Refractory Shapes Limited Financial Information (Restated)

Refractory Shapes Limited's revenue increased by 47.7% and profit after tax (PAT) dropped by -33.2% 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	5,289.90	5,003.81	3,684.82	2,723.72
Revenue	2,999.04	3,872.23	2,621.67	2,179.67
Profit After Tax	307.94	191.74	287.04	156.39
Net Worth	396.58	1,668.64	1,476.90	1,189.86
Reserves and Surplus	396.58	1,658.64	1,466.90	1,179.86
Total Borrowing	2,341.80	2,048.63	1,570.12	1,234.18
Amount in ₹ Lakhs

Winsol Engineers Limited Financial Information (Restated)

Winsol Engineers Limited's revenue increased by 7.64% and profit after tax (PAT) rose by 377.66% 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	3,565.34	2,856.01	2,764.80	1,816.83
Revenue	5,202.28	6,544.53	6,080.00	2,224.58
Profit After Tax	677.26	518.07	108.46	49.44
Net Worth	1,527.15	873.89	343.93	238.55
Reserves and Surplus	685.15	871.89	341.93	236.55
Total Borrowing	846.76	1,058.84	928.90	814.49
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

Promoter Shareholding (Post-Issue)

72.48%

72.99%

P/E Ratio

25.55

12.19

Market Cap

₹67.58 Cr.

₹86.51 Cr.

ROE

15.58%%

22.33%%

ROCE

9.79%%

11.71%%

Debt/Equity

1.18

0.55

EPS

₹1.21

₹6.15

RoNW

15.58%%

44.35%%

Shares Offered

In the Refractory Shapes IPO retail investors (RII) are offered 19,96,000 shares while in Winsol Engineers IPO retail investors are offered 19,96,000 shares. Qualified institutional buyers (QIB) are offered 11,44,000 shares in Refractory Shapes IPO and 5,93,600 shares in Winsol Engineers IPO.

	Refractory Shapes IPO	Winsol Engineers IPO
Anchor Investor Reserveration	17,00,000 shares	8,83,200 shares
Market Maker Reserveration	3,04,000 shares	1,58,400 shares
QIB	11,44,000 shares	5,93,600 shares
NII	8,56,000 shares	4,44,800 shares
RII	19,96,000 shares	10,35,200 shares
Employee	0 shares	0 shares
Others
Total	39,96,000 shares	20,73,600 shares

Bids Received (Subscription)

Refractory Shapes IPO subscribed 255.08x in total, whereas Winsol Engineers IPO subscribed 682.14x.

	Refractory Shapes IPO	Winsol Engineers IPO
QIB (times)	90.59x	207.23x
NII (times)	464.43x	1,087.81x
Big NII (times)
Small NII (times)
RII (times)	259.56x	780.15x
Employee (times)
Other (times)
Total (times)	255.08x	682.14x

Compare with others

Refractory Shapes IPO	Winsol Engineers IPO
Aztec Fluids & Machinery IPO	Premier Roadlines IPO
Premier Roadlines IPO	Silkflex Polymers IPO
Silkflex Polymers IPO	Energy Mission Machineries IPO
Energy Mission Machineries IPO	TGIF Agribusiness IPO
TGIF Agribusiness IPO	Refractory Shapes IPO
Winsol Engineers IPO	Slone Infosystems IPO
Slone Infosystems IPO	Sai Swami Metals and Alloys IPO
Sai Swami Metals and Alloys IPO	Amkay Products IPO
Amkay Products IPO	Storage Technologies Racks and Rollers IPO
Storage Technologies Racks and Rollers IPO	Mandeep Auto Industries IPO

Comments

Add a public comment...