Divyadhan Recycling Industries IPO vs TechEra Engineering IPO

Comparision between Divyadhan Recycling Industries IPO and TechEra Engineering IPO.

IPO Details

Divyadhan Recycling Industries IPO is a SME Book Built Issue IPO proposed to list at NSE SME while TechEra Engineering IPO is a SME Book Built Issue proposed to list at NSE SME.

	Divyadhan Recycling Industries IPO	TechEra Engineering IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Narnolia Financial Services Ltd	SKI Capital Services Limited
Registrar	Skyline Financial Services Private Ltd	Kfin Technologies Limited
Market Maker	Kantilal Chhaganlal Securities Private Limited	SKI Capital Services Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL

Issue Size and Price

The total issue size of Divyadhan Recycling Industries IPO is up to ₹24.17 Cr whereas the issue size of the TechEra Engineering IPO is up to ₹35.90 Cr. The final issue price of Divyadhan Recycling Industries IPO is ₹64.00 per share and of TechEra Engineering IPO is ₹82.00 per share.

	Divyadhan Recycling Industries IPO	TechEra Engineering IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹60.00 per share	₹75.00 per share
Issue Price (Upper)	₹64.00 per share	₹82.00 per share
Issue Price (Final)	₹64.00 per share	₹82.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	1600 shares
Fresh Issue Size	37,76,000 shares	43,77,600 shares
Fresh Issue Size (Amount)	up to ₹24.17 Cr	up to ₹35.90 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	37,76,000 shares	43,77,600 shares
Issue Size Total (Amount)	up to ₹24.17 Cr	up to ₹35.90 Cr

IPO Timetable

Divyadhan Recycling Industries IPO opens on Sep 26, 2024, while TechEra Engineering IPO opens on Sep 25, 2024. The closing date of Divyadhan Recycling Industries IPO and TechEra Engineering IPO is Sep 30, 2024, and Sep 27, 2024, respectively.

	Divyadhan Recycling Industries IPO	TechEra Engineering IPO
Anchor Bid Date	Sep 25, 2024	Sep 24, 2024
Issue Open	Sep 26, 2024	Sep 25, 2024
Issue Close	Sep 30, 2024	Sep 27, 2024
Basis Of Allotment (Tentative)	Oct 01, 2024	Sep 30, 2024
Initiation of Refunds (Tentative)	Oct 03, 2024	Oct 01, 2024
Credit of Share (Tentative)	Oct 03, 2024	Oct 01, 2024
Listing date (Tentative)	Oct 04, 2024	Oct 03, 2024
Anchor Lockin End date 1	Oct 31, 2024	Oct 30, 2024
Anchor Lockin End date 2	Dec 30, 2024	Dec 29, 2024

Financials

Divyadhan Recycling Industries IPO P/E ratio is 28.34, as compared to TechEra Engineering IPO P/E ratio of 20.65.

Divyadhan Recycling Industries IPO

TechEra Engineering IPO

Financial

Divyadhan Recycling Industries Limited Financial Information (Restated)

Divyadhan Recycling Industries Limited's revenue increased by 2% and profit after tax (PAT) rose by 10% 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	2,412.11	1,938.64	1,767.74
Revenue	5,912.88	5,815.51	5,981.52
Profit After Tax	237.8	216.18	52.91
Net Worth	1,291.03	853.23	637.05
Reserves and Surplus	764.49	353.23	137.05
Total Borrowing	606.64	545.55	799.76
Amount in ₹ Lakhs

TechEra Engineering LImited Financial Information (Restated)

TechEra Engineering LImited's revenue increased by 47% and profit after tax (PAT) rose by 270% 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	37.24	39.21	21.36
Revenue	39.08	26.59	7.37
Profit After Tax	4.82	1.31	-6.29
Net Worth	15.9	11.08	9.78
Reserves and Surplus	3.76	-2.72	-4.02
Total Borrowing	14.3	13.77	8.87
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

94.06%

57.48%

Promoter Shareholding (Post-Issue)

69.24%

P/E Ratio

28.34

20.65

Market Cap

₹91.56 Cr.

₹135.47 Cr.

ROE

18.42%%

30.33%%

ROCE

20.76%%

23..47%%

Debt/Equity

0.47

0.9

EPS

₹2.26

₹3.97

RoNW

18.42%%

30.33%%

Shares Offered

In the Divyadhan Recycling Industries IPO retail investors (RII) are offered 12,52,000 shares while in TechEra Engineering IPO retail investors are offered 12,52,000 shares. Qualified institutional buyers (QIB) are offered 7,16,000 shares in Divyadhan Recycling Industries IPO and 8,32,000 shares in TechEra Engineering IPO.

	Divyadhan Recycling Industries IPO	TechEra Engineering IPO
Anchor Investor Reserveration	10,70,000 shares	12,46,400 shares
Market Maker Reserveration	2,00,000 shares	2,19,200 shares
QIB	7,16,000 shares	8,32,000 shares
NII	5,38,000 shares	6,24,000 shares
RII	12,52,000 shares	14,56,000 shares
Employee	0 shares	0 shares
Others
Total	25,06,000 shares	29,12,000 shares

Bids Received (Subscription)

Divyadhan Recycling Industries IPO subscribed 2.38x in total, whereas TechEra Engineering IPO subscribed 8.34x.

	Divyadhan Recycling Industries IPO	TechEra Engineering IPO
QIB (times)	1.86x	0.27x
NII (times)	0.64x	6.92x
Big NII (times)
Small NII (times)
RII (times)	3.42x	13.56x
Employee (times)
Other (times)
Total (times)	2.38x	8.34x

Compare with others

Divyadhan Recycling Industries IPO	TechEra Engineering IPO
Sahasra Electronics Solutions IPO	Forge Auto International IPO
Saj Hotels IPO	Sahasra Electronics Solutions IPO
Thinking Hats Entertainment Solutions IPO	Saj Hotels IPO
Unilex Colours and Chemicals IPO	Thinking Hats Entertainment Solutions IPO
TechEra Engineering IPO	Unilex Colours and Chemicals IPO
Kalana Ispat IPO	Divyadhan Recycling Industries IPO
Avi Ansh Textile IPO	Kalana Ispat IPO
Rappid Valves (India) IPO	Avi Ansh Textile IPO
Phoenix Overseas IPO	Rappid Valves (India) IPO
WOL 3D IPO	Phoenix Overseas IPO

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