Silkflex Polymers IPO vs TGIF Agribusiness IPO

Comparision between Silkflex Polymers IPO and TGIF Agribusiness IPO.

IPO Details

Silkflex Polymers IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while TGIF Agribusiness IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Silkflex Polymers IPO	TGIF Agribusiness IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Shreni Shares Limited	Hem Securities Limited
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Shreni Shares Limited	Hem Finlease Private Limited
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 Silkflex Polymers IPO is up to ₹18.11 Cr whereas the issue size of the TGIF Agribusiness IPO is up to ₹6.39 Cr. The final issue price of Silkflex Polymers IPO is ₹52.00 per share and of TGIF Agribusiness IPO is ₹93.00 per share.

	Silkflex Polymers IPO	TGIF Agribusiness IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹52.00 per share	₹93.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	1200 shares
Fresh Issue Size	34,82,000 shares	6,87,600 shares
Fresh Issue Size (Amount)	up to ₹18.11 Cr	up to ₹6.39 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	34,82,000 shares	6,87,600 shares
Issue Size Total (Amount)	up to ₹18.11 Cr	up to ₹6.39 Cr

IPO Timetable

Silkflex Polymers IPO opens on May 07, 2024, while TGIF Agribusiness IPO opens on May 08, 2024. The closing date of Silkflex Polymers IPO and TGIF Agribusiness IPO is May 10, 2024, and May 10, 2024, respectively.

	Silkflex Polymers IPO	TGIF Agribusiness IPO
Anchor Bid Date
Issue Open	May 07, 2024	May 08, 2024
Issue Close	May 10, 2024	May 10, 2024
Basis Of Allotment (Tentative)	May 13, 2024	May 13, 2024
Initiation of Refunds (Tentative)	May 14, 2024	May 14, 2024
Credit of Share (Tentative)	May 14, 2024	May 14, 2024
Listing date (Tentative)	May 15, 2024	May 15, 2024
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials

Silkflex Polymers IPO P/E ratio is 53.76, as compared to TGIF Agribusiness IPO P/E ratio of 13.58.

Silkflex Polymers IPO

TGIF Agribusiness IPO

Financial

Silkflex Polymers (India) Limited Financial Information (Restated)

Silkflex Polymers (India) Limited's revenue increased by 22.74% and profit after tax (PAT) rose by 14.58% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	3,446.35	2,374.73	1,968.81	1,314.06
Revenue	3,381.55	3,442.25	2,804.52	2,096.07
Profit After Tax	256.66	78.59	68.59	45.35
Net Worth	1,073.28	816.62	738.03	513.51
Reserves and Surplus	260.78	566.62	488.03	308.06
Total Borrowing	1,716.18	1,208.31	994.50	612.81
Amount in ₹ Lakhs

TGIF Agribusiness Limited Financial Information (Restated)

TGIF Agribusiness Limited's revenue increased by 12.14% and profit after tax (PAT) rose by 12.63% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Nov 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	282.32	187.52	65.33	291.62
Revenue	171.79	232.28	207.14	181.59
Profit After Tax	81.41	130.07	115.48	38.18
Net Worth	190.00	175.89	45.82	257.91
Total Borrowing	67.30
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.84%

99.80%

Promoter Shareholding (Post-Issue)

69.89%

73.28%

P/E Ratio

53.76

13.58

Market Cap

₹60.36 Cr.

₹24.06 Cr.

ROE

23.91%%

ROCE

41.04%%

Debt/Equity

1.6

EPS

₹0.97

₹6.85

RoNW

23.91%%

42.85%

Shares Offered

In the Silkflex Polymers IPO retail investors (RII) are offered 16,52,000 shares while in TGIF Agribusiness IPO retail investors are offered 16,52,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Silkflex Polymers IPO and 0 shares in TGIF Agribusiness IPO.

	Silkflex Polymers IPO	TGIF Agribusiness IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,78,000 shares	34,800 shares
QIB	0 shares	0 shares
NII	16,52,000 shares	3,26,400 shares
RII	16,52,000 shares	3,26,400 shares
Employee	0 shares	0 shares
Others
Total	33,04,000 shares	6,52,800 shares

Bids Received (Subscription)

Silkflex Polymers IPO subscribed 39.30x in total, whereas TGIF Agribusiness IPO subscribed 37.13x.

	Silkflex Polymers IPO	TGIF Agribusiness IPO
QIB (times)
NII (times)	36.59x	35.35x
Big NII (times)
Small NII (times)
RII (times)	35.97x	32.92x
Employee (times)
Other (times)
Total (times)	39.30x	37.13x

Compare with others

Silkflex Polymers IPO	TGIF Agribusiness IPO
Piotex Industries IPO	Indian Emulsifier IPO
Veritaas Advertising IPO	Aztec Fluids & Machinery IPO
Indian Emulsifier IPO	Premier Roadlines IPO
Aztec Fluids & Machinery IPO	Silkflex Polymers IPO
Premier Roadlines IPO	Energy Mission Machineries IPO
Energy Mission Machineries IPO	Refractory Shapes IPO
TGIF Agribusiness IPO	Winsol Engineers IPO
Refractory Shapes IPO	Slone Infosystems IPO
Winsol Engineers IPO	Sai Swami Metals and Alloys IPO
Slone Infosystems IPO	Amkay Products IPO

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