SP Refractories IPO vs Swaraj Suiting IPO

Comparision between SP Refractories IPO and Swaraj Suiting IPO.

IPO Details

SP Refractories IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Swaraj Suiting IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	SP Refractories IPO	Swaraj Suiting IPO
Logo	$SP Refractories IPO Logo$
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	Aryaman Financial Services Limited	Finshore Management Services Limited
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker
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 SP Refractories IPO is up to ₹4.92 Cr whereas the issue size of the Swaraj Suiting IPO is up to ₹10.68 Cr. The final issue price of SP Refractories IPO is ₹90.00 per share and of Swaraj Suiting IPO is ₹56.00 per share.

	SP Refractories IPO	Swaraj Suiting IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹90.00 per share	₹56.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	2000 shares
Fresh Issue Size	2,97,600 shares	19,08,000 shares
Fresh Issue Size (Amount)	up to ₹2.68 Cr	up to ₹10.68 Cr
OFS Issue Size	2,49,600 shares
OFS Issue Size (Amount)	up to ₹2.25 Cr
Issue Size Total	5,47,200 shares	19,08,000 shares
Issue Size Total (Amount)	up to ₹4.92 Cr	up to ₹10.68 Cr

IPO Timetable

SP Refractories IPO opens on Mar 09, 2022, while Swaraj Suiting IPO opens on Mar 15, 2022. The closing date of SP Refractories IPO and Swaraj Suiting IPO is Mar 11, 2022, and Mar 17, 2022, respectively.

	SP Refractories IPO	Swaraj Suiting IPO
Anchor Bid Date
Issue Open	Mar 09, 2022	Mar 15, 2022
Issue Close	Mar 11, 2022	Mar 17, 2022
Basis Of Allotment (Tentative)	Mar 16, 2022	Mar 23, 2022
Initiation of Refunds (Tentative)	Mar 17, 2022	Mar 24, 2022
Credit of Share (Tentative)	Mar 21, 2022	Mar 25, 2022
Listing date (Tentative)	Mar 22, 2022	Mar 28, 2022
Anchor Lockin End date 1	Apr 15, 2022	Apr 22, 2022
Anchor Lockin End date 2	Jun 14, 2022	Jun 21, 2022

Financials

SP Refractories IPO P/E ratio is 9.94, as compared to Swaraj Suiting IPO P/E ratio of 10.55.

SP Refractories IPO

Swaraj Suiting IPO

Financial

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in Lakh)
	30-Sep-21	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	1,232.20	1,057.17	898.33	792.01
Total Revenue	1,447.64	2,572.48	2,099.59	1,855.95
Profit After Tax	80.74	75.35	39.93	20.59

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (Rs in million)
	30-Sep-21	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	916.23	917.17	970.45	937.34
Total Revenue	817.19	602.16	806.53	764.17
Profit After Tax	19.10	26.75	35.43	21.86

Promoter Shareholding (Pre-Issue)

100%

99.74%

Promoter Shareholding (Post-Issue)

69.42%

73.31%

P/E Ratio

9.94

10.55

Market Cap

₹16.11 Cr.

₹40.32 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the SP Refractories IPO retail investors (RII) are offered 2,59,200 shares while in Swaraj Suiting IPO retail investors are offered 2,59,200 shares. Qualified institutional buyers (QIB) are offered in SP Refractories IPO and in Swaraj Suiting IPO.

	SP Refractories IPO	Swaraj Suiting IPO
Anchor Investor Reserveration
Market Maker Reserveration	28,800 shares	96,000 shares
QIB
NII	2,59,200 shares	9,04,000 shares
RII	2,59,200 shares	9,08,000 shares
Employee
Others
Total	5,18,400 shares	18,12,000 shares

Bids Received (Subscription)

SP Refractories IPO subscribed 7.24x in total, whereas Swaraj Suiting IPO subscribed 12.13x.

	SP Refractories IPO	Swaraj Suiting IPO
QIB (times)
NII (times)	5.64x	13.81x
Big NII (times)
Small NII (times)
RII (times)	8.85x	10.46x
Employee (times)
Other (times)
Total (times)	7.24x	12.13x

Compare with others

SP Refractories IPO	Swaraj Suiting IPO
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Evoq Remedies IPO	achyut-healthcare-ipo
Swaraj Suiting IPO	Bhatia Colour Chem IPO
KN Agri IPO	Evoq Remedies IPO
Cool Caps IPO	KN Agri IPO
Shigan Quantum Technologies IPO	SP Refractories IPO
Ekennis Software IPO	Cool Caps IPO
Richa Info Systems IPO	Shigan Quantum Technologies IPO
Madhavbaug IPO	Ekennis Software IPO

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