Resourceful Automobile IPO vs Solve Plastic Products IPO

Comparision between Resourceful Automobile IPO and Solve Plastic Products IPO.

IPO Details

Resourceful Automobile IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Solve Plastic Products IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Resourceful Automobile IPO	Solve Plastic Products IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	NSE SME
Lead Managers	Swastika Investmart Ltd	Finshore Management Services Limited
Registrar	Cameo Corporate Services Limited	Integrated Registry Management Services Private Limited
Market Maker	Nikunj Stock Brokers Limited	Black Fox Financial Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL		IPO Allotment URL

Issue Size and Price

The total issue size of Resourceful Automobile IPO is up to ₹11.99 Cr whereas the issue size of the Solve Plastic Products IPO is up to ₹11.85 Cr. The final issue price of Resourceful Automobile IPO is ₹117.00 per share and of Solve Plastic Products IPO is ₹91.00 per share.

	Resourceful Automobile IPO	Solve Plastic Products IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹117.00 per share	₹91.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	1200 shares
Fresh Issue Size	10,24,800 shares	13,02,000 shares
Fresh Issue Size (Amount)	up to ₹11.99 Cr	up to ₹11.85 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	10,24,800 shares	13,02,000 shares
Issue Size Total (Amount)	up to ₹11.99 Cr	up to ₹11.85 Cr

IPO Timetable

Resourceful Automobile IPO opens on Aug 22, 2024, while Solve Plastic Products IPO opens on Aug 13, 2024. The closing date of Resourceful Automobile IPO and Solve Plastic Products IPO is Aug 26, 2024, and Aug 16, 2024, respectively.

	Resourceful Automobile IPO	Solve Plastic Products IPO
Anchor Bid Date
Issue Open	Aug 22, 2024	Aug 13, 2024
Issue Close	Aug 26, 2024	Aug 16, 2024
Basis Of Allotment (Tentative)	Aug 27, 2024	Aug 19, 2024
Initiation of Refunds (Tentative)	Aug 28, 2024	Aug 20, 2024
Credit of Share (Tentative)	Aug 28, 2024	Aug 20, 2024
Listing date (Tentative)	Aug 29, 2024	Aug 21, 2024
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials

Resourceful Automobile IPO P/E ratio is 45.99, as compared to Solve Plastic Products IPO P/E ratio of 23.2.

Resourceful Automobile IPO

Solve Plastic Products IPO

Financial

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

Solve Plastic Products Limited Financial Information (Restated)

Solve Plastic Products Limited's revenue decreased by -24% and profit after tax (PAT) rose by 18% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	2,211.53	1,874.27	1,822.99
Revenue	4,715.73	6,225.43	5,577.89
Profit After Tax	142.48	120.27	-40.71
Net Worth	438.79	192.56	72.29
Reserves and Surplus	132.16	-110.94	-231.21
Total Borrowing	1,136.42	1,053.42	1,030.43
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

90.22%

Promoter Shareholding (Post-Issue)

61.41%

63.33%

P/E Ratio

45.99

23.2

Market Cap

₹31.07 Cr.

₹39.75 Cr.

ROE

0.48%

ROCE

31.22%

Debt/Equity

2.83

EPS

₹2.54

₹3.92

RoNW

0.48%

32.47%%

Shares Offered

In the Resourceful Automobile IPO retail investors (RII) are offered 4,86,600 shares while in Solve Plastic Products IPO retail investors are offered 4,86,600 shares. Qualified institutional buyers (QIB) are offered 0 shares in Resourceful Automobile IPO and 0 shares in Solve Plastic Products IPO.

	Resourceful Automobile IPO	Solve Plastic Products IPO
Anchor Investor Reserveration
Market Maker Reserveration	51,600 shares	66,000 shares
QIB	0 shares	0 shares
NII	4,86,600 shares	6,18,000 shares
RII	4,86,600 shares	6,18,000 shares
Employee	0 shares	0 shares
Others
Total	9,73,200 shares	12,36,000 shares

Bids Received (Subscription)

Resourceful Automobile IPO subscribed 74.13x in total, whereas Solve Plastic Products IPO subscribed 34.23x.

	Resourceful Automobile IPO	Solve Plastic Products IPO
QIB (times)
NII (times)	42.32x	19.47x
Big NII (times)
Small NII (times)
RII (times)	105.93x	46.76x
Employee (times)
Other (times)
Total (times)	74.13x	34.23x

Compare with others

Resourceful Automobile IPO	Solve Plastic Products IPO
Aeron Composite IPO	Indian Phosphate IPO
Paramatrix Technologies IPO	Resourceful Automobile IPO
Jay Bee Laminations IPO	Ideal Technoplast Industries IPO
Rapid Multimodal Logistics IPO	QVC Exports IPO
Indian Phosphate IPO	Forcas Studio IPO
Ideal Technoplast Industries IPO	Broach Lifecare Hospital IPO
QVC Exports IPO	Brace Port Logistics IPO
Forcas Studio IPO	Sunlite Recycling Industries IPO
Solve Plastic Products IPO	Positron Energy IPO
Broach Lifecare Hospital IPO	Aesthetik Engineers IPO

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