TGIF Agribusiness IPO vs Winsol Engineers IPO

Comparision between TGIF Agribusiness IPO and Winsol Engineers IPO.

IPO Details

TGIF Agribusiness IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Winsol Engineers IPO is a SME Book Built Issue proposed to list at NSE SME.

	TGIF Agribusiness IPO	Winsol Engineers IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	BSE SME	NSE SME
Lead Managers	Hem Securities Limited	Beeline Capital Advisors Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Kfin Technologies Limited
Market Maker	Hem Finlease Private Limited	Spread X Securities 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 TGIF Agribusiness IPO is up to ₹6.39 Cr whereas the issue size of the Winsol Engineers IPO is up to ₹23.36 Cr. The final issue price of TGIF Agribusiness IPO is ₹93.00 per share and of Winsol Engineers IPO is ₹75.00 per share.

	TGIF Agribusiness IPO	Winsol Engineers IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹71.00 per share
Issue Price (Upper)		₹75.00 per share
Issue Price (Final)	₹93.00 per share	₹75.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	1600 shares
Fresh Issue Size	6,87,600 shares	31,15,200 shares
Fresh Issue Size (Amount)	up to ₹6.39 Cr	up to ₹23.36 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	6,87,600 shares	31,15,200 shares
Issue Size Total (Amount)	up to ₹6.39 Cr	up to ₹23.36 Cr

IPO Timetable

TGIF Agribusiness IPO opens on May 08, 2024, while Winsol Engineers IPO opens on May 06, 2024. The closing date of TGIF Agribusiness IPO and Winsol Engineers IPO is May 10, 2024, and May 09, 2024, respectively.

	TGIF Agribusiness IPO	Winsol Engineers IPO
Anchor Bid Date		May 03, 2024
Issue Open	May 08, 2024	May 06, 2024
Issue Close	May 10, 2024	May 09, 2024
Basis Of Allotment (Tentative)	May 13, 2024	May 10, 2024
Initiation of Refunds (Tentative)	May 14, 2024	May 13, 2024
Credit of Share (Tentative)	May 14, 2024	May 13, 2024
Listing date (Tentative)	May 15, 2024	May 14, 2024
Anchor Lockin End date 1		Jun 09, 2024
Anchor Lockin End date 2		Aug 08, 2024

Financials

TGIF Agribusiness IPO P/E ratio is 13.58, as compared to Winsol Engineers IPO P/E ratio of 12.19.

TGIF Agribusiness IPO

Winsol Engineers IPO

Financial

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

Winsol Engineers Limited Financial Information (Restated)

Winsol Engineers Limited's revenue increased by 7.64% and profit after tax (PAT) rose by 377.66% 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	3,565.34	2,856.01	2,764.80	1,816.83
Revenue	5,202.28	6,544.53	6,080.00	2,224.58
Profit After Tax	677.26	518.07	108.46	49.44
Net Worth	1,527.15	873.89	343.93	238.55
Reserves and Surplus	685.15	871.89	341.93	236.55
Total Borrowing	846.76	1,058.84	928.90	814.49
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.80%

100.00%

Promoter Shareholding (Post-Issue)

73.28%

72.99%

P/E Ratio

13.58

12.19

Market Cap

₹24.06 Cr.

₹86.51 Cr.

ROE

22.33%%

ROCE

11.71%%

Debt/Equity

0.55

EPS

₹6.85

₹6.15

RoNW

42.85%

44.35%%

Shares Offered

In the TGIF Agribusiness IPO retail investors (RII) are offered 3,26,400 shares while in Winsol Engineers IPO retail investors are offered 3,26,400 shares. Qualified institutional buyers (QIB) are offered 0 shares in TGIF Agribusiness IPO and 5,93,600 shares in Winsol Engineers IPO.

	TGIF Agribusiness IPO	Winsol Engineers IPO
Anchor Investor Reserveration		8,83,200 shares
Market Maker Reserveration	34,800 shares	1,58,400 shares
QIB	0 shares	5,93,600 shares
NII	3,26,400 shares	4,44,800 shares
RII	3,26,400 shares	10,35,200 shares
Employee	0 shares	0 shares
Others
Total	6,52,800 shares	20,73,600 shares

Bids Received (Subscription)

TGIF Agribusiness IPO subscribed 37.13x in total, whereas Winsol Engineers IPO subscribed 682.14x.

	TGIF Agribusiness IPO	Winsol Engineers IPO
QIB (times)		207.23x
NII (times)	35.35x	1,087.81x
Big NII (times)
Small NII (times)
RII (times)	32.92x	780.15x
Employee (times)
Other (times)
Total (times)	37.13x	682.14x

Compare with others

TGIF Agribusiness IPO	Winsol Engineers IPO
Indian Emulsifier IPO	Premier Roadlines IPO
Aztec Fluids & Machinery IPO	Silkflex Polymers IPO
Premier Roadlines IPO	Energy Mission Machineries IPO
Silkflex Polymers IPO	TGIF Agribusiness IPO
Energy Mission Machineries IPO	Refractory Shapes IPO
Refractory Shapes IPO	Slone Infosystems IPO
Winsol Engineers IPO	Sai Swami Metals and Alloys IPO
Slone Infosystems IPO	Amkay Products IPO
Sai Swami Metals and Alloys IPO	Storage Technologies Racks and Rollers IPO
Amkay Products IPO	Mandeep Auto Industries IPO

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