Kalana Ispat IPO vs Thinking Hats Entertainment Solutions IPO

Comparision between Kalana Ispat IPO and Thinking Hats Entertainment Solutions IPO.

IPO Details

Kalana Ispat IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Thinking Hats Entertainment Solutions IPO is a SME Book Built Issue proposed to list at NSE SME.

	Kalana Ispat IPO	Thinking Hats Entertainment Solutions IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Jawa Capital Services Private Limited	Horizon Financial Pvt Ltd
Registrar	Skyline Financial Services Private Ltd	Mas Services Limited
Market Maker	Aftertrade Broking Pvt Ltd	Giriraj Stock Broking Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Kalana Ispat IPO is up to ₹32.59 Cr whereas the issue size of the Thinking Hats Entertainment Solutions IPO is up to ₹15.09 Cr. The final issue price of Kalana Ispat IPO is ₹66.00 per share and of Thinking Hats Entertainment Solutions IPO is ₹44.00 per share.

	Kalana Ispat IPO	Thinking Hats Entertainment Solutions IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹42.00 per share
Issue Price (Upper)		₹44.00 per share
Issue Price (Final)	₹66.00 per share	₹44.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	3000 shares
Fresh Issue Size	49,38,000 shares	34,29,000 shares
Fresh Issue Size (Amount)	up to ₹32.59 Cr	up to ₹15.09 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	49,38,000 shares	34,29,000 shares
Issue Size Total (Amount)	up to ₹32.59 Cr	up to ₹15.09 Cr

IPO Timetable

Kalana Ispat IPO opens on Sep 19, 2024, while Thinking Hats Entertainment Solutions IPO opens on Sep 25, 2024. The closing date of Kalana Ispat IPO and Thinking Hats Entertainment Solutions IPO is Sep 23, 2024, and Sep 27, 2024, respectively.

	Kalana Ispat IPO	Thinking Hats Entertainment Solutions IPO
Anchor Bid Date
Issue Open	Sep 19, 2024	Sep 25, 2024
Issue Close	Sep 23, 2024	Sep 27, 2024
Basis Of Allotment (Tentative)	Sep 24, 2024	Sep 30, 2024
Initiation of Refunds (Tentative)	Sep 25, 2024	Oct 01, 2024
Credit of Share (Tentative)	Sep 25, 2024	Oct 01, 2024
Listing date (Tentative)	Sep 26, 2024	Oct 03, 2024
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials

Kalana Ispat IPO P/E ratio is 22.59, as compared to Thinking Hats Entertainment Solutions IPO P/E ratio of 12.89.

Kalana Ispat IPO

Thinking Hats Entertainment Solutions IPO

Financial

Kalana Ispat Limited Financial Information (Restated Standalone)

Kalana Ispat Limited's revenue decreased by -11% and profit after tax (PAT) rose by 373% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,885.71	1,617.46	1,264.89	1,330.7
Revenue	7,394.46	8,335.87	5,793.32	4,298.06
Profit After Tax	236.7	50.09	13.66	13.62
Net Worth	1,081.58	441.94	391.65	376.19
Reserves and Surplus	271.46	339.7	289.61	275.95
Total Borrowing	461.38	861.79	260.57	262.93
Amount in ₹ Lakhs

Thinking Hats Entertainment Solutions Limited Financial Information (Restated)

Thinking Hats Entertainment Solutions Limited's revenue increased by 20% and profit after tax (PAT) rose by 54% 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	2,403.22	1,456.81	641.14
Revenue	2,670.1	2,227.8	1,245.2
Profit After Tax	309.16	200.79	37.21
Net Worth	1,099.86	573.26	372.47
Reserves and Surplus	1,012.28	497.01	296.22
Total Borrowing	543.46	413.65	29.22
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

82.72%

78.29%

Promoter Shareholding (Post-Issue)

51.38%

P/E Ratio

22.59

12.89

Market Cap

₹86.08 Cr.

₹54.94 Cr.

ROE

31.12%%

28.11%%

ROCE

21.20%%

29.37%%

Debt/Equity

0.43

0.49

EPS

₹2.92

₹3.41

RoNW

21.88%%

28.11%%

Shares Offered

In the Kalana Ispat IPO retail investors (RII) are offered 23,45,000 shares while in Thinking Hats Entertainment Solutions IPO retail investors are offered 23,45,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Kalana Ispat IPO and 3,24,000 shares in Thinking Hats Entertainment Solutions IPO.

	Kalana Ispat IPO	Thinking Hats Entertainment Solutions IPO
Anchor Investor Reserveration
Market Maker Reserveration	2,48,000 shares	1,80,000 shares
QIB	0 shares	3,24,000 shares
NII	23,45,000 shares	8,76,000 shares
RII	23,45,000 shares	20,49,000 shares
Employee	0 shares	0 shares
Others
Total	46,90,000 shares	32,49,000 shares

Bids Received (Subscription)

Kalana Ispat IPO subscribed 59.92x in total, whereas Thinking Hats Entertainment Solutions IPO subscribed 92.83x.

	Kalana Ispat IPO	Thinking Hats Entertainment Solutions IPO
QIB (times)		20.07x
NII (times)	40.69x	48.20x
Big NII (times)
Small NII (times)
RII (times)	74.54x	123.41x
Employee (times)
Other (times)
Total (times)	59.92x	92.83x

Compare with others

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

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