Silkflex Polymers IPO vs Winsol Engineers IPO

Comparision between Silkflex Polymers IPO and Winsol Engineers IPO.

IPO Details

Silkflex Polymers IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Winsol Engineers IPO is a SME Book Built Issue proposed to list at NSE SME.

	Silkflex Polymers IPO	Winsol Engineers IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Shreni Shares Limited	Beeline Capital Advisors Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Kfin Technologies Limited
Market Maker	Shreni Shares Limited	Spread X Securities 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 Silkflex Polymers IPO is up to ₹18.11 Cr whereas the issue size of the Winsol Engineers IPO is up to ₹23.36 Cr. The final issue price of Silkflex Polymers IPO is ₹52.00 per share and of Winsol Engineers IPO is ₹75.00 per share.

	Silkflex Polymers IPO	Winsol Engineers IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹71.00 per share
Issue Price (Upper)		₹75.00 per share
Issue Price (Final)	₹52.00 per share	₹75.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	1600 shares
Fresh Issue Size	34,82,000 shares	31,15,200 shares
Fresh Issue Size (Amount)	up to ₹18.11 Cr	up to ₹23.36 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	34,82,000 shares	31,15,200 shares
Issue Size Total (Amount)	up to ₹18.11 Cr	up to ₹23.36 Cr

IPO Timetable

Silkflex Polymers IPO opens on May 07, 2024, while Winsol Engineers IPO opens on May 06, 2024. The closing date of Silkflex Polymers IPO and Winsol Engineers IPO is May 10, 2024, and May 09, 2024, respectively.

	Silkflex Polymers IPO	Winsol Engineers IPO
Anchor Bid Date		May 03, 2024
Issue Open	May 07, 2024	May 06, 2024
Issue Close	May 10, 2024	May 09, 2024
Basis Of Allotment (Tentative)	May 13, 2024	May 10, 2024
Initiation of Refunds (Tentative)	May 14, 2024	May 13, 2024
Credit of Share (Tentative)	May 14, 2024	May 13, 2024
Listing date (Tentative)	May 15, 2024	May 14, 2024
Anchor Lockin End date 1		Jun 09, 2024
Anchor Lockin End date 2		Aug 08, 2024

Financials

Silkflex Polymers IPO P/E ratio is 53.76, as compared to Winsol Engineers IPO P/E ratio of 12.19.

Silkflex Polymers IPO

Winsol Engineers IPO

Financial

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

Winsol Engineers Limited Financial Information (Restated)

Winsol Engineers Limited's revenue increased by 7.64% and profit after tax (PAT) rose by 377.66% 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	3,565.34	2,856.01	2,764.80	1,816.83
Revenue	5,202.28	6,544.53	6,080.00	2,224.58
Profit After Tax	677.26	518.07	108.46	49.44
Net Worth	1,527.15	873.89	343.93	238.55
Reserves and Surplus	685.15	871.89	341.93	236.55
Total Borrowing	846.76	1,058.84	928.90	814.49
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.84%

100.00%

Promoter Shareholding (Post-Issue)

69.89%

72.99%

P/E Ratio

53.76

12.19

Market Cap

₹60.36 Cr.

₹86.51 Cr.

ROE

23.91%%

22.33%%

ROCE

41.04%%

11.71%%

Debt/Equity

1.6

0.55

EPS

₹0.97

₹6.15

RoNW

23.91%%

44.35%%

Shares Offered

In the Silkflex Polymers IPO retail investors (RII) are offered 16,52,000 shares while in Winsol Engineers IPO retail investors are offered 16,52,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Silkflex Polymers IPO and 5,93,600 shares in Winsol Engineers IPO.

	Silkflex Polymers IPO	Winsol Engineers IPO
Anchor Investor Reserveration		8,83,200 shares
Market Maker Reserveration	1,78,000 shares	1,58,400 shares
QIB	0 shares	5,93,600 shares
NII	16,52,000 shares	4,44,800 shares
RII	16,52,000 shares	10,35,200 shares
Employee	0 shares	0 shares
Others
Total	33,04,000 shares	20,73,600 shares

Bids Received (Subscription)

Silkflex Polymers IPO subscribed 39.30x in total, whereas Winsol Engineers IPO subscribed 682.14x.

	Silkflex Polymers IPO	Winsol Engineers IPO
QIB (times)		207.23x
NII (times)	36.59x	1,087.81x
Big NII (times)
Small NII (times)
RII (times)	35.97x	780.15x
Employee (times)
Other (times)
Total (times)	39.30x	682.14x

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Veritaas Advertising IPO	Silkflex Polymers IPO
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Refractory Shapes IPO	Amkay Products IPO
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Slone Infosystems IPO	Mandeep Auto Industries IPO

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