Piotex Industries IPO vs Rulka Electricals IPO

Comparision between Piotex Industries IPO and Rulka Electricals IPO.

IPO Details

Piotex Industries IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Rulka Electricals IPO is a SME Book Built Issue proposed to list at NSE SME.

	Piotex Industries IPO	Rulka Electricals IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	BSE SME	NSE SME
Lead Managers	Beeline Capital Advisors Pvt Ltd	Beeline Capital Advisors Pvt Ltd
Registrar	Cameo Corporate Services Limited	Bigshare Services Pvt Ltd
Market Maker	Spread X Securities Private Limited	Sunflower Broking 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 Piotex Industries IPO is up to ₹14.47 Cr whereas the issue size of the Rulka Electricals IPO is up to ₹26.40 Cr. The final issue price of Piotex Industries IPO is ₹94.00 per share and of Rulka Electricals IPO is ₹235.00 per share.

	Piotex Industries IPO	Rulka Electricals IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹223.00 per share
Issue Price (Upper)		₹235.00 per share
Issue Price (Final)	₹94.00 per share	₹235.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	600 shares
Fresh Issue Size	15,39,600 shares	8,42,400 shares
Fresh Issue Size (Amount)	up to ₹14.47 Cr	up to ₹19.80 Cr
OFS Issue Size		2,80,800 shares
OFS Issue Size (Amount)		up to ₹6.60 Cr
Issue Size Total	15,39,600 shares	11,23,200 shares
Issue Size Total (Amount)	up to ₹14.47 Cr	up to ₹26.40 Cr

IPO Timetable

Piotex Industries IPO opens on May 10, 2024, while Rulka Electricals IPO opens on May 16, 2024. The closing date of Piotex Industries IPO and Rulka Electricals IPO is May 14, 2024, and May 21, 2024, respectively.

	Piotex Industries IPO	Rulka Electricals IPO
Anchor Bid Date		May 15, 2024
Issue Open	May 10, 2024	May 16, 2024
Issue Close	May 14, 2024	May 21, 2024
Basis Of Allotment (Tentative)	May 15, 2024	May 22, 2024
Initiation of Refunds (Tentative)	May 16, 2024	May 23, 2024
Credit of Share (Tentative)	May 16, 2024	May 23, 2024
Listing date (Tentative)	May 17, 2024	May 24, 2024
Anchor Lockin End date 1		Jun 21, 2024
Anchor Lockin End date 2		Aug 20, 2024

Financials

Piotex Industries IPO P/E ratio is 11.14, as compared to Rulka Electricals IPO P/E ratio of 28.62.

Piotex Industries IPO

Rulka Electricals IPO

Financial

Piotex Industries Limited Financial Information (Restated)

Piotex Industries Limited's revenue increased by 37.23% and profit after tax (PAT) rose by 4.17% 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	3,610.59	1,757.68	1,385.47
Revenue	11,893.88	8,667.21	8,046.39
Profit After Tax	300.80	288.75	74.29
Net Worth	897.18	440.07	151.32
Reserves and Surplus	582.47	425.07	136.32
Total Borrowing	445.94	372.30	528.58
Amount in ₹ Lakhs

Rulka Electricals Limited Financial Information (Restated Standalone)

Period Ended	29 Feb 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	4,082.09	2,826.95	1,919.04	982.41
Revenue	6,527.77	4,689.78	3,627.41	1,960.11
Profit After Tax	565.77	280.52	112.08	53.72
Net Worth	1,290.15	557.33	276.82	164.74
Reserves and Surplus	948.55	546.33	265.82	153.74
Total Borrowing	1,104.89	527.07	281.46	230.99
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

86.28%

Promoter Shareholding (Post-Issue)

69.83%

69.22%

P/E Ratio

11.14

28.62

Market Cap

₹47.97 Cr.

₹100.07 Cr.

ROE

44.99%%

61.25%%

ROCE

33.20%%

33.67%%

Debt/Equity

0.5

2.16

EPS

₹8.44

₹8.21

RoNW

33.53%%

43.85%%

Shares Offered

In the Piotex Industries IPO retail investors (RII) are offered 7,30,800 shares while in Rulka Electricals IPO retail investors are offered 7,30,800 shares. Qualified institutional buyers (QIB) are offered 0 shares in Piotex Industries IPO and 2,13,600 shares in Rulka Electricals IPO.

	Piotex Industries IPO	Rulka Electricals IPO
Anchor Investor Reserveration		3,19,200 shares
Market Maker Reserveration	78,000 shares	56,400 shares
QIB	0 shares	2,13,600 shares
NII	7,30,800 shares	1,60,200 shares
RII	7,30,800 shares	3,73,800 shares
Employee	0 shares	0 shares
Others
Total	14,61,600 shares	7,47,600 shares

Bids Received (Subscription)

Piotex Industries IPO subscribed 107.44x in total, whereas Rulka Electricals IPO subscribed 676.83x.

	Piotex Industries IPO	Rulka Electricals IPO
QIB (times)		204.22x
NII (times)	115.21x	1,350.15x
Big NII (times)
Small NII (times)
RII (times)	93.33x	658.32x
Employee (times)
Other (times)
Total (times)	107.44x	676.83x

Compare with others

Piotex Industries IPO	Rulka Electricals IPO
GSM Foils IPO	Aimtron Electronics IPO
Vilas Transcore IPO	Beacon Trusteeship IPO
Hariom Atta & Spices IPO	GSM Foils IPO
Rulka Electricals IPO	Vilas Transcore IPO
Quest Laboratories IPO	Hariom Atta & Spices IPO
Veritaas Advertising IPO	Quest Laboratories IPO
Indian Emulsifier IPO	Piotex Industries IPO
Aztec Fluids & Machinery IPO	Veritaas Advertising IPO
Premier Roadlines IPO	Indian Emulsifier IPO
Silkflex Polymers IPO	Aztec Fluids & Machinery IPO

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