SPP Polymer IPO vs Trafiksol ITS Technologies IPO

Comparision between SPP Polymer IPO and Trafiksol ITS Technologies IPO.

IPO Details

SPP Polymer IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Trafiksol ITS Technologies IPO is a SME Book Built Issue proposed to list at BSE SME.

	SPP Polymer IPO	Trafiksol ITS Technologies IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	NSE SME	BSE SME
Lead Managers	Interactive Financial Services Ltd	Ekadrisht Capital Private Limited
Registrar	Kfin Technologies Limited	Maashitla Securities Private Limited
Market Maker	B.N. Rathi Securities Limited	Ss Corporate Securities 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 SPP Polymer IPO is up to ₹24.49 Cr whereas the issue size of the Trafiksol ITS Technologies IPO is up to ₹44.87 Cr. The final issue price of SPP Polymer IPO is ₹59.00 per share and of Trafiksol ITS Technologies IPO is ₹70.00 per share.

	SPP Polymer IPO	Trafiksol ITS Technologies IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹66.00 per share
Issue Price (Upper)		₹70.00 per share
Issue Price (Final)	₹59.00 per share	₹70.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	2000 shares
Fresh Issue Size	41,50,000 shares	64,10,000 shares
Fresh Issue Size (Amount)	up to ₹24.49 Cr	up to ₹44.87 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	41,50,000 shares	64,10,000 shares
Issue Size Total (Amount)	up to ₹24.49 Cr	up to ₹44.87 Cr

IPO Timetable

SPP Polymer IPO opens on Sep 10, 2024, while Trafiksol ITS Technologies IPO opens on Sep 10, 2024. The closing date of SPP Polymer IPO and Trafiksol ITS Technologies IPO is Sep 12, 2024, and Sep 12, 2024, respectively.

	SPP Polymer IPO	Trafiksol ITS Technologies IPO
Anchor Bid Date		Sep 09, 2024
Issue Open	Sep 10, 2024	Sep 10, 2024
Issue Close	Sep 12, 2024	Sep 12, 2024
Basis Of Allotment (Tentative)	Sep 13, 2024	Sep 13, 2024
Initiation of Refunds (Tentative)	Sep 16, 2024	Sep 16, 2024
Credit of Share (Tentative)	Sep 16, 2024	Sep 16, 2024
Listing date (Tentative)	Sep 17, 2024
Anchor Lockin End date 1		Oct 13, 2024
Anchor Lockin End date 2		Dec 12, 2024

Financials

SPP Polymer IPO P/E ratio is 66.72, as compared to Trafiksol ITS Technologies IPO P/E ratio of 10.38.

SPP Polymer IPO

Trafiksol ITS Technologies IPO

Financial

SPP Polimers Limited Financial Information (Restated Consolidated)

SPP Polimers Limited's revenue increased by 40% and profit after tax (PAT) rose by 83% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	30 Jun 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	7,619.39	7,091.89	5,417.98	3,821.87
Revenue	2,895.85	9,381.29	6,677.47	8,077.96
Profit After Tax	91.33	99.4	54.42	28.01
Net Worth	2,591.64	2,500.3	2,433.64	1,971.82
Reserves and Surplus	1,500.27	1,408.93	2,152.61	1,697.22
Total Borrowing	1,871.94	1,897.82	2,215.18	1,262.21
Amount in ₹ Lakhs

Trafiksol ITS Technologies Limited Financial Information (Restated Consolidated)

Trafiksol ITS Technologies Limited's revenue increased by 80% and profit after tax (PAT) rose by 153% 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	6,215.52	3,363.17	2,284.01
Revenue	6,608.5	3,675	2,801.92
Profit After Tax	1,209.3	477.85	205.19
Net Worth	3,412.62	1,208.79	730.94
Reserves and Surplus	1,620.12	1,198.79	720.94
Total Borrowing	1,050.24	798.7	506.42
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

94.99%

60.71%

Promoter Shareholding (Post-Issue)

69.37%

44.72%

P/E Ratio

66.72

10.38

Market Cap

₹90.81 Cr.

₹170.34 Cr.

ROE

8.01%%

52.12%%

ROCE

4.27%%

42.47%%

Debt/Equity

0.71

0.31

EPS

₹0.88

₹6.75

RoNW

3.98%%

35.44%%

Shares Offered

In the SPP Polymer IPO retail investors (RII) are offered 19,70,000 shares while in Trafiksol ITS Technologies IPO retail investors are offered 19,70,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in SPP Polymer IPO and 12,18,000 shares in Trafiksol ITS Technologies IPO.

	SPP Polymer IPO	Trafiksol ITS Technologies IPO
Anchor Investor Reserveration		18,22,000 shares
Market Maker Reserveration	2,10,000 shares	3,22,000 shares
QIB	0 shares	12,18,000 shares
NII	19,70,000 shares	9,14,000 shares
RII	19,70,000 shares	21,34,000 shares
Employee	0 shares	0 shares
Others
Total	39,40,000 shares	42,66,000 shares

Bids Received (Subscription)

SPP Polymer IPO subscribed 43.29x in total, whereas Trafiksol ITS Technologies IPO subscribed 345.65x.

	SPP Polymer IPO	Trafiksol ITS Technologies IPO
QIB (times)		129.22x
NII (times)	22.35x	699.40x
Big NII (times)
Small NII (times)
RII (times)	59.87x	317.66x
Employee (times)
Other (times)
Total (times)	43.29x	345.65x

Compare with others

SPP Polymer IPO	Trafiksol ITS Technologies IPO
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Trafiksol ITS Technologies IPO	Sodhani Academy of Fintech Enablers IPO
Gajanand International IPO	Deccan Transcon Leasing IPO
Innomet Advanced Materials IPO	Envirotech Systems IPO
Share Samadhan IPO	Gajanand International IPO
Shubhshree Biofuels Energy IPO	Innomet Advanced Materials IPO
Aditya Ultra Steel IPO	SPP Polymer IPO
Vision Infra Equipment Solutions IPO	Share Samadhan IPO
Naturewings Holidays IPO	Shubhshree Biofuels Energy IPO

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