Piotex Industries IPO vs Silkflex Polymers IPO

Comparision between Piotex Industries IPO and Silkflex Polymers IPO.

IPO Details

Piotex Industries IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Silkflex Polymers IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Piotex Industries IPO	Silkflex Polymers 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	Beeline Capital Advisors Pvt Ltd	Shreni Shares Limited
Registrar	Cameo Corporate Services Limited	Bigshare Services Pvt Ltd
Market Maker	Spread X Securities Private Limited	Shreni Shares 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 Piotex Industries IPO is up to ₹14.47 Cr whereas the issue size of the Silkflex Polymers IPO is up to ₹18.11 Cr. The final issue price of Piotex Industries IPO is ₹94.00 per share and of Silkflex Polymers IPO is ₹52.00 per share.

	Piotex Industries IPO	Silkflex Polymers IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹94.00 per share	₹52.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	2000 shares
Fresh Issue Size	15,39,600 shares	34,82,000 shares
Fresh Issue Size (Amount)	up to ₹14.47 Cr	up to ₹18.11 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	15,39,600 shares	34,82,000 shares
Issue Size Total (Amount)	up to ₹14.47 Cr	up to ₹18.11 Cr

IPO Timetable

Piotex Industries IPO opens on May 10, 2024, while Silkflex Polymers IPO opens on May 07, 2024. The closing date of Piotex Industries IPO and Silkflex Polymers IPO is May 14, 2024, and May 10, 2024, respectively.

	Piotex Industries IPO	Silkflex Polymers IPO
Anchor Bid Date
Issue Open	May 10, 2024	May 07, 2024
Issue Close	May 14, 2024	May 10, 2024
Basis Of Allotment (Tentative)	May 15, 2024	May 13, 2024
Initiation of Refunds (Tentative)	May 16, 2024	May 14, 2024
Credit of Share (Tentative)	May 16, 2024	May 14, 2024
Listing date (Tentative)	May 17, 2024	May 15, 2024
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials

Piotex Industries IPO P/E ratio is 11.14, as compared to Silkflex Polymers IPO P/E ratio of 53.76.

Piotex Industries IPO

Silkflex Polymers 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

Silkflex Polymers (India) Limited Financial Information (Restated)

Silkflex Polymers (India) Limited's revenue increased by 22.74% and profit after tax (PAT) rose by 14.58% 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	3,446.35	2,374.73	1,968.81	1,314.06
Revenue	3,381.55	3,442.25	2,804.52	2,096.07
Profit After Tax	256.66	78.59	68.59	45.35
Net Worth	1,073.28	816.62	738.03	513.51
Reserves and Surplus	260.78	566.62	488.03	308.06
Total Borrowing	1,716.18	1,208.31	994.50	612.81
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

99.84%

Promoter Shareholding (Post-Issue)

69.83%

69.89%

P/E Ratio

11.14

53.76

Market Cap

₹47.97 Cr.

₹60.36 Cr.

ROE

44.99%%

23.91%%

ROCE

33.20%%

41.04%%

Debt/Equity

0.5

1.6

EPS

₹8.44

₹0.97

RoNW

33.53%%

23.91%%

Shares Offered

In the Piotex Industries IPO retail investors (RII) are offered 7,30,800 shares while in Silkflex Polymers IPO retail investors are offered 7,30,800 shares. Qualified institutional buyers (QIB) are offered 0 shares in Piotex Industries IPO and 0 shares in Silkflex Polymers IPO.

	Piotex Industries IPO	Silkflex Polymers IPO
Anchor Investor Reserveration
Market Maker Reserveration	78,000 shares	1,78,000 shares
QIB	0 shares	0 shares
NII	7,30,800 shares	16,52,000 shares
RII	7,30,800 shares	16,52,000 shares
Employee	0 shares	0 shares
Others
Total	14,61,600 shares	33,04,000 shares

Bids Received (Subscription)

Piotex Industries IPO subscribed 107.44x in total, whereas Silkflex Polymers IPO subscribed 39.30x.

	Piotex Industries IPO	Silkflex Polymers IPO
QIB (times)
NII (times)	115.21x	36.59x
Big NII (times)
Small NII (times)
RII (times)	93.33x	35.97x
Employee (times)
Other (times)
Total (times)	107.44x	39.30x

Compare with others

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

Comments

Add a public comment...