Sai Swami Metals and Alloys IPO vs TGIF Agribusiness IPO

Comparision between Sai Swami Metals and Alloys IPO and TGIF Agribusiness IPO.

IPO Details

Sai Swami Metals and Alloys IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while TGIF Agribusiness IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Sai Swami Metals and Alloys IPO	TGIF Agribusiness IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	BSE SME
Lead Managers	Swastika Investmart Ltd	Hem Securities Limited
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Sunflower Broking Private Limited	Hem Finlease Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Sai Swami Metals and Alloys IPO is up to ₹15.00 Cr whereas the issue size of the TGIF Agribusiness IPO is up to ₹6.39 Cr. The final issue price of Sai Swami Metals and Alloys IPO is ₹60.00 per share and of TGIF Agribusiness IPO is ₹93.00 per share.

	Sai Swami Metals and Alloys IPO	TGIF Agribusiness IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹60.00 per share	₹93.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	1200 shares
Fresh Issue Size	25,00,000 shares	6,87,600 shares
Fresh Issue Size (Amount)	up to ₹15.00 Cr	up to ₹6.39 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	25,00,000 shares	6,87,600 shares
Issue Size Total (Amount)	up to ₹15.00 Cr	up to ₹6.39 Cr

IPO Timetable

Sai Swami Metals and Alloys IPO opens on Apr 30, 2024, while TGIF Agribusiness IPO opens on May 08, 2024. The closing date of Sai Swami Metals and Alloys IPO and TGIF Agribusiness IPO is May 03, 2024, and May 10, 2024, respectively.

	Sai Swami Metals and Alloys IPO	TGIF Agribusiness IPO
Anchor Bid Date
Issue Open	Apr 30, 2024	May 08, 2024
Issue Close	May 03, 2024	May 10, 2024
Basis Of Allotment (Tentative)	May 06, 2024	May 13, 2024
Initiation of Refunds (Tentative)	May 07, 2024	May 14, 2024
Credit of Share (Tentative)	May 07, 2024	May 14, 2024
Listing date (Tentative)	May 08, 2024	May 15, 2024
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials

Sai Swami Metals and Alloys IPO P/E ratio is 11.34, as compared to TGIF Agribusiness IPO P/E ratio of 13.58.

Sai Swami Metals and Alloys IPO

TGIF Agribusiness IPO

Financial

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

TGIF Agribusiness Limited Financial Information (Restated)

TGIF Agribusiness Limited's revenue increased by 12.14% and profit after tax (PAT) rose by 12.63% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Nov 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	282.32	187.52	65.33	291.62
Revenue	171.79	232.28	207.14	181.59
Profit After Tax	81.41	130.07	115.48	38.18
Net Worth	190.00	175.89	45.82	257.91
Total Borrowing	67.30
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.88%

99.80%

Promoter Shareholding (Post-Issue)

62.15%

73.28%

P/E Ratio

11.34

13.58

Market Cap

₹39.71 Cr.

₹24.06 Cr.

ROE

ROCE

Debt/Equity

EPS

₹5.29

₹6.85

RoNW

27.02%%

42.85%

Shares Offered

In the Sai Swami Metals and Alloys IPO retail investors (RII) are offered 11,86,000 shares while in TGIF Agribusiness IPO retail investors are offered 11,86,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Sai Swami Metals and Alloys IPO and 0 shares in TGIF Agribusiness IPO.

	Sai Swami Metals and Alloys IPO	TGIF Agribusiness IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,28,000 shares	34,800 shares
QIB	0 shares	0 shares
NII	11,86,000 shares	3,26,400 shares
RII	11,86,000 shares	3,26,400 shares
Employee	0 shares	0 shares
Others
Total	23,72,000 shares	6,52,800 shares

Bids Received (Subscription)

Sai Swami Metals and Alloys IPO subscribed 543.72x in total, whereas TGIF Agribusiness IPO subscribed 37.13x.

	Sai Swami Metals and Alloys IPO	TGIF Agribusiness IPO
QIB (times)
NII (times)	533.83x	35.35x
Big NII (times)
Small NII (times)
RII (times)	529.01x	32.92x
Employee (times)
Other (times)
Total (times)	543.72x	37.13x

Compare with others

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

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