Refractory Shapes IPO vs Sai Swami Metals and Alloys IPO

Comparision between Refractory Shapes IPO and Sai Swami Metals and Alloys IPO.

IPO Details

Refractory Shapes IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Sai Swami Metals and Alloys IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Refractory Shapes IPO	Sai Swami Metals and Alloys IPO
Logo	$Refractory Shapes IPO Logo$
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Shreni Shares Limited	Swastika Investmart Ltd
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Shreni Shares 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 Refractory Shapes IPO is up to ₹18.60 Cr whereas the issue size of the Sai Swami Metals and Alloys IPO is up to ₹15.00 Cr. The final issue price of Refractory Shapes IPO is ₹31.00 per share and of Sai Swami Metals and Alloys IPO is ₹60.00 per share.

	Refractory Shapes IPO	Sai Swami Metals and Alloys IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹27.00 per share
Issue Price (Upper)	₹31.00 per share
Issue Price (Final)	₹31.00 per share	₹60.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	4000 shares	2000 shares
Fresh Issue Size	60,00,000 shares	25,00,000 shares
Fresh Issue Size (Amount)	up to ₹18.60 Cr	up to ₹15.00 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	60,00,000 shares	25,00,000 shares
Issue Size Total (Amount)	up to ₹18.60 Cr	up to ₹15.00 Cr

IPO Timetable

Refractory Shapes IPO opens on May 06, 2024, while Sai Swami Metals and Alloys IPO opens on Apr 30, 2024. The closing date of Refractory Shapes IPO and Sai Swami Metals and Alloys IPO is May 09, 2024, and May 03, 2024, respectively.

	Refractory Shapes IPO	Sai Swami Metals and Alloys IPO
Anchor Bid Date	May 03, 2024
Issue Open	May 06, 2024	Apr 30, 2024
Issue Close	May 09, 2024	May 03, 2024
Basis Of Allotment (Tentative)	May 10, 2024	May 06, 2024
Initiation of Refunds (Tentative)	May 13, 2024	May 07, 2024
Credit of Share (Tentative)	May 13, 2024	May 07, 2024
Listing date (Tentative)	May 14, 2024	May 08, 2024
Anchor Lockin End date 1	Jun 09, 2024
Anchor Lockin End date 2	Aug 08, 2024

Financials

Refractory Shapes IPO P/E ratio is 25.55, as compared to Sai Swami Metals and Alloys IPO P/E ratio of 11.34.

Refractory Shapes IPO

Sai Swami Metals and Alloys 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

Sai Swami Metals & Alloys Limited Financial Information (Restated Consolidated)

Period Ended	31 Dec 2023	31 Mar 2023
Assets	2,617.31	2,583.16
Revenue	3,333.86	626.76
Profit After Tax	179.52	3.83
Net Worth	664.47	35.32
Reserves and Surplus	252.70	34.32
Total Borrowing	743.16	610.23
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

99.88%

Promoter Shareholding (Post-Issue)

72.48%

62.15%

P/E Ratio

25.55

11.34

Market Cap

₹67.58 Cr.

₹39.71 Cr.

ROE

15.58%%

ROCE

9.79%%

Debt/Equity

1.18

EPS

₹1.21

₹5.29

RoNW

15.58%%

27.02%%

Shares Offered

In the Refractory Shapes IPO retail investors (RII) are offered 19,96,000 shares while in Sai Swami Metals and Alloys IPO retail investors are offered 19,96,000 shares. Qualified institutional buyers (QIB) are offered 11,44,000 shares in Refractory Shapes IPO and 0 shares in Sai Swami Metals and Alloys IPO.

	Refractory Shapes IPO	Sai Swami Metals and Alloys IPO
Anchor Investor Reserveration	17,00,000 shares
Market Maker Reserveration	3,04,000 shares	1,28,000 shares
QIB	11,44,000 shares	0 shares
NII	8,56,000 shares	11,86,000 shares
RII	19,96,000 shares	11,86,000 shares
Employee	0 shares	0 shares
Others
Total	39,96,000 shares	23,72,000 shares

Bids Received (Subscription)

Refractory Shapes IPO subscribed 255.08x in total, whereas Sai Swami Metals and Alloys IPO subscribed 543.72x.

	Refractory Shapes IPO	Sai Swami Metals and Alloys IPO
QIB (times)	90.59x
NII (times)	464.43x	533.83x
Big NII (times)
Small NII (times)
RII (times)	259.56x	529.01x
Employee (times)
Other (times)
Total (times)	255.08x	543.72x

Compare with others

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

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