Rudra Gas Enterprise IPO vs Thaai Casting IPO

Comparision between Rudra Gas Enterprise IPO and Thaai Casting IPO.

IPO Details

Rudra Gas Enterprise IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Thaai Casting IPO is a SME Book Built Issue proposed to list at NSE SME.

	Rudra Gas Enterprise IPO	Thaai Casting 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	Beeline Capital Advisors Pvt Ltd	GYR Capital Advisors Private Limited
Registrar	Link Intime India Private Ltd	Purva Sharegistry India Pvt Ltd
Market Maker	Spread X Securities Private Limited	Giriraj Stock Broking 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 Rudra Gas Enterprise IPO is up to ₹14.16 Cr whereas the issue size of the Thaai Casting IPO is up to ₹47.20 Cr. The final issue price of Rudra Gas Enterprise IPO is ₹63.00 per share and of Thaai Casting IPO is ₹77.00 per share.

	Rudra Gas Enterprise IPO	Thaai Casting IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹73.00 per share
Issue Price (Upper)		₹77.00 per share
Issue Price (Final)	₹63.00 per share	₹77.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	1600 shares
Fresh Issue Size	22,48,000 shares	61,29,600 shares
Fresh Issue Size (Amount)	up to ₹14.16 Cr	up to ₹47.20 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	22,48,000 shares	61,29,600 shares
Issue Size Total (Amount)	up to ₹14.16 Cr	up to ₹47.20 Cr

IPO Timetable

Rudra Gas Enterprise IPO opens on Feb 08, 2024, while Thaai Casting IPO opens on Feb 15, 2024. The closing date of Rudra Gas Enterprise IPO and Thaai Casting IPO is Feb 12, 2024, and Feb 20, 2024, respectively.

	Rudra Gas Enterprise IPO	Thaai Casting IPO
Anchor Bid Date		Feb 14, 2024
Issue Open	Feb 08, 2024	Feb 15, 2024
Issue Close	Feb 12, 2024	Feb 20, 2024
Basis Of Allotment (Tentative)	Feb 13, 2024	Feb 21, 2024
Initiation of Refunds (Tentative)	Feb 14, 2024	Feb 21, 2024
Credit of Share (Tentative)	Feb 14, 2024	Feb 22, 2024
Listing date (Tentative)	Feb 15, 2024	Feb 23, 2024
Anchor Lockin End date 1		Mar 21, 2024
Anchor Lockin End date 2		May 20, 2024

Financials

Rudra Gas Enterprise IPO P/E ratio is 10.9, as compared to Thaai Casting IPO P/E ratio of 25.99.

Rudra Gas Enterprise IPO

Thaai Casting IPO

Financial

Rudra Gas Enterprise Limited Financial Information (Restated Standalone)

Rudra Gas Enterprise Limited's revenue increased by 12.76% and profit after tax (PAT) rose by 96.21% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Oct 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	4,345.39	3,380.56	2,804.92	1,960.50
Revenue	3,446.81	4,957.02	4,395.95	2,816.96
Profit After Tax	247.41	352.02	179.41	127.05
Net Worth	1,149.10	798.50	446.48	267.07
Reserves and Surplus	540.10	773.50	421.48	242.07
Total Borrowing	1,990.15	1,738.34	1,379.98	1,008.22
Amount in ₹ Lakhs

Thaai Casting Ltd Financial Information (Restated Standalone)

Thaai Casting Ltd's revenue increased by 27.84% and profit after tax (PAT) rose by 336.49% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Oct 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	14,638.25	5,498.52	3,752.29	2,379.19
Revenue	4,848.91	4,911.64	3,841.94	2,048.70
Profit After Tax	860.93	503.71	115.40	40.33
Net Worth	4,116.94	1,617.31	894.84	473.46
Reserves and Surplus	620.78
Total Borrowing	7,830.03	2,985.10	2,351.15	1,313.51
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.99%

86.50%

Promoter Shareholding (Post-Issue)

73.03%

P/E Ratio

10.9

25.99

Market Cap

₹52.53 Cr.

₹178.10 Cr.

ROE

57%%

ROCE

25%%

13%%

Debt/Equity

2.18

1.85

EPS

₹5.78

₹2.96

RoNW

44.09%%

40.10%%

Shares Offered

In the Rudra Gas Enterprise IPO retail investors (RII) are offered 10,66,000 shares while in Thaai Casting IPO retail investors are offered 10,66,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Rudra Gas Enterprise IPO and 11,56,800 shares in Thaai Casting IPO.

	Rudra Gas Enterprise IPO	Thaai Casting IPO
Anchor Investor Reserveration		17,34,400 shares
Market Maker Reserveration	1,16,000 shares	3,47,200 shares
QIB	0 shares	11,56,800 shares
NII	10,66,000 shares	8,67,200 shares
RII	10,66,000 shares	20,24,000 shares
Employee	0 shares	0 shares
Others
Total	21,32,000 shares	40,48,000 shares

Bids Received (Subscription)

Rudra Gas Enterprise IPO subscribed 350.75x in total, whereas Thaai Casting IPO subscribed 375.43x.

	Rudra Gas Enterprise IPO	Thaai Casting IPO
QIB (times)		144.43x
NII (times)	286.62x	729.72x
Big NII (times)
Small NII (times)
RII (times)	404.38x	355.66x
Employee (times)
Other (times)
Total (times)	350.75x	375.43x

Compare with others

Rudra Gas Enterprise IPO	Thaai Casting IPO
Interiors and More IPO	Zenith Drugs IPO
Atmastco IPO	Esconet Technologies IPO
Thaai Casting IPO	Trust Fintech IPO
Kalahridhaan Trendz IPO	Interiors and More IPO
Polysil Irrigation Systems IPO	Atmastco IPO
WTI Cabs IPO	Kalahridhaan Trendz IPO
Alpex Solar IPO	Polysil Irrigation Systems IPO
Italian Edibles IPO	Rudra Gas Enterprise IPO
Gabriel Pet Straps IPO	WTI Cabs IPO
Mayank Cattle Food IPO	Alpex Solar IPO

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