Indian Phosphate IPO vs Resourceful Automobile IPO

Comparision between Indian Phosphate IPO and Resourceful Automobile IPO.

IPO Details

Indian Phosphate IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Resourceful Automobile IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Indian Phosphate IPO	Resourceful Automobile IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Beeline Capital Advisors Pvt Ltd	Swastika Investmart Ltd
Registrar	Bigshare Services Pvt Ltd	Cameo Corporate Services Limited
Market Maker	Spread X Securities Private Limited	Nikunj Stock Brokers Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL

Issue Size and Price

The total issue size of Indian Phosphate IPO is up to ₹67.36 Cr whereas the issue size of the Resourceful Automobile IPO is up to ₹11.99 Cr. The final issue price of Indian Phosphate IPO is and of Resourceful Automobile IPO is ₹117.00 per share.

	Indian Phosphate IPO	Resourceful Automobile IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹94.00 per share
Issue Price (Upper)	₹99.00 per share
Issue Price (Final)		₹117.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	1200 shares
Fresh Issue Size	68,04,000 shares	10,24,800 shares
Fresh Issue Size (Amount)	up to ₹67.36 Cr	up to ₹11.99 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	68,04,000 shares	10,24,800 shares
Issue Size Total (Amount)	up to ₹67.36 Cr	up to ₹11.99 Cr

IPO Timetable

Indian Phosphate IPO opens on Aug 26, 2024, while Resourceful Automobile IPO opens on Aug 22, 2024. The closing date of Indian Phosphate IPO and Resourceful Automobile IPO is Aug 29, 2024, and Aug 26, 2024, respectively.

	Indian Phosphate IPO	Resourceful Automobile IPO
Anchor Bid Date	Aug 23, 2024
Issue Open	Aug 26, 2024	Aug 22, 2024
Issue Close	Aug 29, 2024	Aug 26, 2024
Basis Of Allotment (Tentative)	Aug 30, 2024	Aug 27, 2024
Initiation of Refunds (Tentative)	Sep 02, 2024	Aug 28, 2024
Credit of Share (Tentative)	Sep 02, 2024	Aug 28, 2024
Listing date (Tentative)	Sep 03, 2024	Aug 29, 2024
Anchor Lockin End date 1	Sep 29, 2024
Anchor Lockin End date 2	Nov 28, 2024

Financials

Indian Phosphate IPO P/E ratio is 14.88, as compared to Resourceful Automobile IPO P/E ratio of 45.99.

Indian Phosphate IPO

Resourceful Automobile IPO

Financial

Indian Phosphate Limited Financial Information (Restated Consolidated)

Indian Phosphate Limited's revenue decreased by -7% and profit after tax (PAT) dropped by -27% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	25,518.6	17,407.45	10,789.93	6,313.71
Revenue	71,757.81	77,093.2	55,838.56	41,501.81
Profit After Tax	1,210.21	1,659.53	1,616.61	509.44
Net Worth	8,099.06	6,751.8	5,092.27	3,475.66
Reserves and Surplus	6,280.56	6,480.37	4,820.84	3,204.23
Total Borrowing	4,023.17	1,535.48	1,830.58	434.04
Amount in ₹ Lakhs

Resourceful Automobile Limited Financial Information (Restated)

Period Ended	29 Feb 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,451.41	1,000.49	1,008.58	429.46
Revenue	1,723.64	1,938.26	1,250.1	1,127.26
Profit After Tax	152.24	41.5	28.73	0.16
Net Worth	315.78	163.56	74.78	46.05
Reserves and Surplus	152.67	66.27	24.78	-3.95
Total Borrowing	992.34	747.77	673.73	269.81
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

Promoter Shareholding (Post-Issue)

61.41%

P/E Ratio

14.88

45.99

Market Cap

₹247.40 Cr.

₹31.07 Cr.

ROE

18.14%%

0.48%

ROCE

20.93%%

31.22%

Debt/Equity

EPS

₹6.65

₹2.54

RoNW

16.63%%

0.48%

Shares Offered

In the Indian Phosphate IPO retail investors (RII) are offered while in Resourceful Automobile IPO retail investors are offered . Qualified institutional buyers (QIB) are offered in Indian Phosphate IPO and 0 shares in Resourceful Automobile IPO.

	Indian Phosphate IPO	Resourceful Automobile IPO
Anchor Investor Reserveration	1,91,28,400 shares
Market Maker Reserveration	3,73,200 shares	51,600 shares
QIB		0 shares
NII		4,86,600 shares
RII		4,86,600 shares
Employee		0 shares
Others
Total		9,73,200 shares

Bids Received (Subscription)

Indian Phosphate IPO subscribed in total, whereas Resourceful Automobile IPO subscribed 74.13x.

	Indian Phosphate IPO	Resourceful Automobile IPO
QIB (times)
NII (times)		42.32x
Big NII (times)
Small NII (times)
RII (times)		105.93x
Employee (times)
Other (times)
Total (times)		74.13x

Compare with others

Indian Phosphate IPO	Resourceful Automobile IPO
Archit Nuwood Industries IPO	Aeron Composite IPO
Aeron Composite IPO	Paramatrix Technologies IPO
Paramatrix Technologies IPO	Jay Bee Laminations IPO
Jay Bee Laminations IPO	Rapid Multimodal Logistics IPO
Rapid Multimodal Logistics IPO	Indian Phosphate IPO
Resourceful Automobile IPO	Ideal Technoplast Industries IPO
Ideal Technoplast Industries IPO	QVC Exports IPO
QVC Exports IPO	Forcas Studio IPO
Forcas Studio IPO	Solve Plastic Products IPO
Solve Plastic Products IPO	Broach Lifecare Hospital IPO

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