Siyaram Recycling IPO vs Supreme Power Equipment IPO

Comparision between Siyaram Recycling IPO and Supreme Power Equipment IPO.

IPO Details

Siyaram Recycling IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Supreme Power Equipment IPO is a SME Book Built Issue proposed to list at NSE SME.

	Siyaram Recycling IPO	Supreme Power Equipment IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE SME	NSE SME
Lead Managers	Hem Securities Limited	Narnolia Financial Services Ltd
Registrar	Cameo Corporate Services Limited	Purva Sharegistry India Pvt Ltd
Market Maker	Hem Finlease Private Limited	Share India Securities Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Siyaram Recycling IPO is up to ₹22.96 Cr whereas the issue size of the Supreme Power Equipment IPO is up to ₹46.67 Cr. The final issue price of Siyaram Recycling IPO is ₹46.00 per share and of Supreme Power Equipment IPO is ₹65.00 per share.

	Siyaram Recycling IPO	Supreme Power Equipment IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹43.00 per share	₹61.00 per share
Issue Price (Upper)	₹46.00 per share	₹65.00 per share
Issue Price (Final)	₹46.00 per share	₹65.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	2000 shares
Fresh Issue Size	49,92,000 shares	71,80,000 shares
Fresh Issue Size (Amount)	up to ₹22.96 Cr	up to ₹46.67 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	49,92,000 shares	71,80,000 shares
Issue Size Total (Amount)	up to ₹22.96 Cr	up to ₹46.67 Cr

IPO Timetable

Siyaram Recycling IPO opens on Dec 14, 2023, while Supreme Power Equipment IPO opens on Dec 21, 2023. The closing date of Siyaram Recycling IPO and Supreme Power Equipment IPO is Dec 18, 2023, and Dec 26, 2023, respectively.

	Siyaram Recycling IPO	Supreme Power Equipment IPO
Anchor Bid Date		Dec 20, 2023
Issue Open	Dec 14, 2023	Dec 21, 2023
Issue Close	Dec 18, 2023	Dec 26, 2023
Basis Of Allotment (Tentative)	Dec 19, 2023	Dec 27, 2023
Initiation of Refunds (Tentative)	Dec 20, 2023	Dec 28, 2023
Credit of Share (Tentative)	Dec 20, 2023	Dec 28, 2023
Listing date (Tentative)	Dec 21, 2023	Dec 29, 2023
Anchor Lockin End date 1	Jan 18, 2024	Jan 26, 2024
Anchor Lockin End date 2	Mar 18, 2024	Mar 26, 2024

Financials

Siyaram Recycling IPO P/E ratio is 8.3, as compared to Supreme Power Equipment IPO P/E ratio of 10.69.

Siyaram Recycling IPO

Supreme Power Equipment IPO

Financial

Siyaram Recycling Industries Limited Financial Information (Restated)

Siyaram Recycling Industries Limited's revenue increased by 16.75% and profit after tax (PAT) rose by 137.36% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	15,136.31	9,851.35	9,823.59
Revenue	49,786.27	42,644.34	13,972.93
Profit After Tax	765.42	322.47	142.28
Net Worth	4,642.12	3,876.71	3,554.23
Reserves and Surplus	3,261.57	2,496.16	2,173.68
Total Borrowing	6,706.95	2,821.02	2,931.72
Amount in ₹ Lakhs

Supreme Power Equipment Limited Financial Information (Restated Consolidated)

Period Ended	31 Jul 2023	31 Mar 2023
Assets	9,187.16	6,901.04
Revenue	3,927.61	9,990.85
Profit After Tax	503.16	1,107.88
Net Worth	2,298.26	1,805.69
Reserves and Surplus	1,902.46	1,409.89
Total Borrowing	2,153.82	1,999.74
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100%

79.37%

Promoter Shareholding (Post-Issue)

57.54%

P/E Ratio

8.3

10.69

Market Cap

₹86.47 Cr.

₹162.44 Cr.

ROE

17.97%%

59.88%%

ROCE

13.42%%

83.01%%

Debt/Equity

1.44

0.45

EPS

₹5.54

₹6.08

RoNW

16.49%%

59.88%%

Shares Offered

In the Siyaram Recycling IPO retail investors (RII) are offered 16,59,000 shares while in Supreme Power Equipment IPO retail investors are offered 16,59,000 shares. Qualified institutional buyers (QIB) are offered 9,48,000 shares in Siyaram Recycling IPO and 12,50,000 shares in Supreme Power Equipment IPO.

	Siyaram Recycling IPO	Supreme Power Equipment IPO
Anchor Investor Reserveration	14,22,000 shares	18,70,000 shares
Market Maker Reserveration	2,52,000 shares	9,32,000 shares
QIB	9,48,000 shares	12,50,000 shares
NII	7,11,000 shares	9,40,000 shares
RII	16,59,000 shares	21,88,000 shares
Employee	0 shares	0 shares
Others
Total	33,18,000 shares	43,78,000 shares

Bids Received (Subscription)

Siyaram Recycling IPO subscribed 385.19x in total, whereas Supreme Power Equipment IPO subscribed 262.60x.

	Siyaram Recycling IPO	Supreme Power Equipment IPO
QIB (times)	96.43x	88.98x
NII (times)	597.72x	489.10x
Big NII (times)
Small NII (times)
RII (times)	459.11x	264.48x
Employee (times)
Other (times)
Total (times)	385.19x	262.60x

Compare with others

Siyaram Recycling IPO	Supreme Power Equipment IPO
Supreme Power Equipment IPO	Kay Cee Energy & Infra IPO
Sahara Maritime IPO	Balaji Valve Components IPO
Electro Force India IPO	AIK Pipes And Polymers IPO
Trident Techlabs IPO	Indifra IPO
Shree OSFM E-Mobility IPO	Sameera Agro IPO
Presstonic Engineering IPO	Sahara Maritime IPO
S J Logistics IPO	Electro Force India IPO
Accent Microcell IPO	Trident Techlabs IPO
Marinetrans India IPO	Shree OSFM E-Mobility IPO
Shanti Spintex IPO	Siyaram Recycling IPO

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