TechEra Engineering IPO vs Unilex Colours and Chemicals IPO

Comparision between TechEra Engineering IPO and Unilex Colours and Chemicals IPO.

IPO Details

TechEra Engineering IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Unilex Colours and Chemicals IPO is a SME Book Built Issue proposed to list at NSE SME.

	TechEra Engineering IPO	Unilex Colours and Chemicals 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	SKI Capital Services Limited	Hem Securities Limited
Registrar	Kfin Technologies Limited	Link Intime India Private Ltd
Market Maker	SKI Capital Services Limited	Hem Finlease Private 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 TechEra Engineering IPO is up to ₹35.90 Cr whereas the issue size of the Unilex Colours and Chemicals IPO is up to ₹31.32 Cr. The final issue price of TechEra Engineering IPO is ₹82.00 per share and of Unilex Colours and Chemicals IPO is ₹87.00 per share.

	TechEra Engineering IPO	Unilex Colours and Chemicals IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹75.00 per share	₹82.00 per share
Issue Price (Upper)	₹82.00 per share	₹87.00 per share
Issue Price (Final)	₹82.00 per share	₹87.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	1600 shares
Fresh Issue Size	43,77,600 shares	36,00,000 shares
Fresh Issue Size (Amount)	up to ₹35.90 Cr	up to ₹31.32 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	43,77,600 shares	36,00,000 shares
Issue Size Total (Amount)	up to ₹35.90 Cr	up to ₹31.32 Cr

IPO Timetable

TechEra Engineering IPO opens on Sep 25, 2024, while Unilex Colours and Chemicals IPO opens on Sep 25, 2024. The closing date of TechEra Engineering IPO and Unilex Colours and Chemicals IPO is Sep 27, 2024, and Sep 27, 2024, respectively.

	TechEra Engineering IPO	Unilex Colours and Chemicals IPO
Anchor Bid Date	Sep 24, 2024	Sep 24, 2024
Issue Open	Sep 25, 2024	Sep 25, 2024
Issue Close	Sep 27, 2024	Sep 27, 2024
Basis Of Allotment (Tentative)	Sep 30, 2024	Sep 30, 2024
Initiation of Refunds (Tentative)	Oct 01, 2024	Oct 01, 2024
Credit of Share (Tentative)	Oct 01, 2024	Oct 01, 2024
Listing date (Tentative)	Oct 03, 2024	Oct 03, 2024
Anchor Lockin End date 1	Oct 30, 2024	Oct 30, 2024
Anchor Lockin End date 2	Dec 29, 2024	Dec 29, 2024

Financials

TechEra Engineering IPO P/E ratio is 20.65, as compared to Unilex Colours and Chemicals IPO P/E ratio of 14.13.

TechEra Engineering IPO

Unilex Colours and Chemicals IPO

Financial

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

Unilex Colours and Chemicals Limited Financial Information (Restated Consolidated)

Unilex Colours and Chemicals Limited's revenue increased by 3% and profit after tax (PAT) rose by 24% 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	9,068.35	7,072.31	7,669.84
Revenue	14,932.88	14,441.84	15,156.73
Profit After Tax	616.67	497.07	471.17
Net Worth	3,686	3,202.89	2,805.98
Reserves and Surplus	2,684.3	2,868.99	2,472.08
Total Borrowing	2,161.4	1,166.83	1,135.09
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

57.48%

100.00%

Promoter Shareholding (Post-Issue)

73.56%

P/E Ratio

20.65

14.13

Market Cap

₹135.47 Cr.

₹118.47 Cr.

ROE

30.33%%

17.93%%

ROCE

23..47%%

6.32%%

Debt/Equity

0.9

0.59

EPS

₹3.97

₹6.16

RoNW

30.33%%

16.73%%

Shares Offered

In the TechEra Engineering IPO retail investors (RII) are offered 14,56,000 shares while in Unilex Colours and Chemicals IPO retail investors are offered 14,56,000 shares. Qualified institutional buyers (QIB) are offered 8,32,000 shares in TechEra Engineering IPO and 6,81,600 shares in Unilex Colours and Chemicals IPO.

	TechEra Engineering IPO	Unilex Colours and Chemicals IPO
Anchor Investor Reserveration	12,46,400 shares	10,20,800 shares
Market Maker Reserveration	2,19,200 shares	1,92,000 shares
QIB	8,32,000 shares	6,81,600 shares
NII	6,24,000 shares	5,12,000 shares
RII	14,56,000 shares	11,93,600 shares
Employee	0 shares	0 shares
Others
Total	29,12,000 shares	23,87,200 shares

Bids Received (Subscription)

TechEra Engineering IPO subscribed 69.80x in total, whereas Unilex Colours and Chemicals IPO subscribed 35.03x.

	TechEra Engineering IPO	Unilex Colours and Chemicals IPO
QIB (times)	31.22x	15.58x
NII (times)	128.88x	60.74x
Big NII (times)
Small NII (times)
RII (times)	66.52x	35.11x
Employee (times)
Other (times)
Total (times)	69.80x	35.03x

Compare with others

TechEra Engineering IPO	Unilex Colours and Chemicals IPO
Forge Auto International IPO	Nexxus Petro Industries 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
Divyadhan Recycling Industries IPO	TechEra Engineering 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

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