Solve Plastic Products IPO vs Sunlite Recycling Industries IPO

Comparision between Solve Plastic Products IPO and Sunlite Recycling Industries IPO.

IPO Details

Solve Plastic Products IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Sunlite Recycling Industries IPO is a SME Book Built Issue proposed to list at NSE SME.

	Solve Plastic Products IPO	Sunlite Recycling Industries 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	Finshore Management Services Limited	Hem Securities Limited
Registrar	Integrated Registry Management Services Private Limited	Cameo Corporate Services Limited
Market Maker	Black Fox Financial Private Limited	Hem Finlease 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 Solve Plastic Products IPO is up to ₹11.85 Cr whereas the issue size of the Sunlite Recycling Industries IPO is up to ₹30.24 Cr. The final issue price of Solve Plastic Products IPO is ₹91.00 per share and of Sunlite Recycling Industries IPO is ₹105.00 per share.

	Solve Plastic Products IPO	Sunlite Recycling Industries IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹100.00 per share
Issue Price (Upper)		₹105.00 per share
Issue Price (Final)	₹91.00 per share	₹105.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	1200 shares
Fresh Issue Size	13,02,000 shares	28,80,000 shares
Fresh Issue Size (Amount)	up to ₹11.85 Cr	up to ₹30.24 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	13,02,000 shares	28,80,000 shares
Issue Size Total (Amount)	up to ₹11.85 Cr	up to ₹30.24 Cr

IPO Timetable

Solve Plastic Products IPO opens on Aug 13, 2024, while Sunlite Recycling Industries IPO opens on Aug 12, 2024. The closing date of Solve Plastic Products IPO and Sunlite Recycling Industries IPO is Aug 16, 2024, and Aug 14, 2024, respectively.

	Solve Plastic Products IPO	Sunlite Recycling Industries IPO
Anchor Bid Date		Aug 09, 2024
Issue Open	Aug 13, 2024	Aug 12, 2024
Issue Close	Aug 16, 2024	Aug 14, 2024
Basis Of Allotment (Tentative)	Aug 19, 2024	Aug 16, 2024
Initiation of Refunds (Tentative)	Aug 20, 2024	Aug 19, 2024
Credit of Share (Tentative)	Aug 20, 2024	Aug 19, 2024
Listing date (Tentative)	Aug 21, 2024	Aug 20, 2024
Anchor Lockin End date 1		Sep 15, 2024
Anchor Lockin End date 2		Nov 14, 2024

Financials

Solve Plastic Products IPO P/E ratio is 23.2, as compared to Sunlite Recycling Industries IPO P/E ratio of 9.43.

Solve Plastic Products IPO

Sunlite Recycling Industries IPO

Financial

Solve Plastic Products Limited Financial Information (Restated)

Solve Plastic Products Limited's revenue decreased by -24% and profit after tax (PAT) rose by 18% 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	2,211.53	1,874.27	1,822.99
Revenue	4,715.73	6,225.43	5,577.89
Profit After Tax	142.48	120.27	-40.71
Net Worth	438.79	192.56	72.29
Reserves and Surplus	132.16	-110.94	-231.21
Total Borrowing	1,136.42	1,053.42	1,030.43
Amount in ₹ Lakhs

Sunlite Recycling Industries Limited Financial Information (Restated)

Sunlite Recycling Industries Limited's revenue increased by 1.4% and profit after tax (PAT) rose by 58.92% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	6,321.24	7,162.56	4,802.05	3,743.20
Revenue	116,655.09	115,039.91	93,791.80	39,400.84
Profit After Tax	890.36	560.27	426.03	252.55
Net Worth	2,003.90	362.08	1,158.58	622.18
Reserves and Surplus	1,203.90	312.08
Total Borrowing	3,491.74	4,646.82	2,532.38	1,711.39
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

90.22%

100.00%

Promoter Shareholding (Post-Issue)

63.33%

73.53%

P/E Ratio

23.2

9.43

Market Cap

₹39.75 Cr.

₹114.24 Cr.

ROE

75.26%%

ROCE

29.49%%

Debt/Equity

2.83

1.74

EPS

₹3.92

₹11.13

RoNW

32.47%%

44.43%%

Shares Offered

In the Solve Plastic Products IPO retail investors (RII) are offered 6,18,000 shares while in Sunlite Recycling Industries IPO retail investors are offered 6,18,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Solve Plastic Products IPO and 5,46,000 shares in Sunlite Recycling Industries IPO.

	Solve Plastic Products IPO	Sunlite Recycling Industries IPO
Anchor Investor Reserveration		8,18,400 shares
Market Maker Reserveration	66,000 shares	1,48,800 shares
QIB	0 shares	5,46,000 shares
NII	6,18,000 shares	4,10,400 shares
RII	6,18,000 shares	9,56,400 shares
Employee	0 shares	0 shares
Others
Total	12,36,000 shares	19,12,800 shares

Bids Received (Subscription)

Solve Plastic Products IPO subscribed 34.23x in total, whereas Sunlite Recycling Industries IPO subscribed 282.45x.

	Solve Plastic Products IPO	Sunlite Recycling Industries IPO
QIB (times)		109.05x
NII (times)	19.47x	584.10x
Big NII (times)
Small NII (times)
RII (times)	46.76x	252.00x
Employee (times)
Other (times)
Total (times)	34.23x	282.45x

Compare with others

Solve Plastic Products IPO	Sunlite Recycling Industries IPO
Indian Phosphate IPO	QVC Exports IPO
Resourceful Automobile IPO	Forcas Studio IPO
Ideal Technoplast Industries IPO	Solve Plastic Products IPO
QVC Exports IPO	Broach Lifecare Hospital IPO
Forcas Studio IPO	Brace Port Logistics IPO
Broach Lifecare Hospital IPO	Positron Energy IPO
Brace Port Logistics IPO	Aesthetik Engineers IPO
Sunlite Recycling Industries IPO	Picture Post Studios IPO
Positron Energy IPO	Afcom Holdings IPO
Aesthetik Engineers IPO	Dhariwalcorp IPO

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