TBI Corn IPO vs United Cotfab IPO

Comparision between TBI Corn IPO and United Cotfab IPO.

IPO Details

TBI Corn IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while United Cotfab IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	TBI Corn IPO	United Cotfab IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Swastika Investmart Ltd Ekadrisht Capital Private Limited	Beeline Capital Advisors Pvt Ltd
Registrar	Kfin Technologies Limited	Purva Sharegistry India Pvt Ltd
Market Maker	Ss Corporate Securities 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 TBI Corn IPO is up to ₹44.94 Cr whereas the issue size of the United Cotfab IPO is up to ₹36.29 Cr. The final issue price of TBI Corn IPO is ₹94.00 per share and of United Cotfab IPO is ₹70.00 per share.

	TBI Corn IPO	United Cotfab IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹90.00 per share
Issue Price (Upper)	₹94.00 per share
Issue Price (Final)	₹94.00 per share	₹70.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	2000 shares
Fresh Issue Size	47,80,800 shares	51,84,000 shares
Fresh Issue Size (Amount)	up to ₹44.94 Cr	up to ₹36.29 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	47,80,800 shares	51,84,000 shares
Issue Size Total (Amount)	up to ₹44.94 Cr	up to ₹36.29 Cr

IPO Timetable

TBI Corn IPO opens on May 31, 2024, while United Cotfab IPO opens on Jun 13, 2024. The closing date of TBI Corn IPO and United Cotfab IPO is Jun 04, 2024, and Jun 19, 2024, respectively.

	TBI Corn IPO	United Cotfab IPO
Anchor Bid Date	May 30, 2024
Issue Open	May 31, 2024	Jun 13, 2024
Issue Close	Jun 04, 2024	Jun 19, 2024
Basis Of Allotment (Tentative)	Jun 05, 2024	Jun 20, 2024
Initiation of Refunds (Tentative)	Jun 06, 2024	Jun 21, 2024
Credit of Share (Tentative)	Jun 06, 2024	Jun 21, 2024
Listing date (Tentative)	Jun 07, 2024	Jun 24, 2024
Anchor Lockin End date 1	Jul 05, 2024
Anchor Lockin End date 2	Sep 03, 2024

Financials

TBI Corn IPO P/E ratio is 18.33, as compared to United Cotfab IPO P/E ratio of 9.7.

TBI Corn IPO

United Cotfab IPO

Financial

TBI Corn Limited Financial Information (Restated)

TBI Corn Limited's revenue increased by 39.07% and profit after tax (PAT) rose by 1419.24% 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	9,511.50	12,162.04	4,317.63	4,254.86
Revenue	10,196.53	14,042.63	10,097.26	6,776.38
Profit After Tax	766.45	686.09	45.16	23.93
Net Worth	4,067.70	2,677.81	683.24	512.42
Reserves and Surplus	2,729.94	1,677.49
Total Borrowing	5,137.13	6,352.82	2,549.48	2,300.94
Amount in ₹ Lakhs

United Cotfab Limited Financial Information (Restated)

United Cotfab Limited's revenue increased by 17945.52% and profit after tax (PAT) rose by 6121.46% 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	8,168.46	5,367.71	1,559.95	107.10
Revenue	11,552.74	64.02	1.88
Profit After Tax	866.65	13.93	1.60	-0.11
Net Worth	1,356.42	993.56	681.97	0.22
Reserves and Surplus	188.10
Total Borrowing	4,750.93	3,821.18	773.47	106.50
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

76.65%

100.00%

Promoter Shareholding (Post-Issue)

57.71%

69.84%

P/E Ratio

18.33

9.7

Market Cap

₹170.69 Cr.

₹120.33 Cr.

ROE

18.84%%

72.76%%

ROCE

18.65%%

26.95%%

Debt/Equity

0.43

3.42

EPS

₹5.13

₹7.22

RoNW

18.84%%

63.89%%

Shares Offered

In the TBI Corn IPO retail investors (RII) are offered 5,92,000 shares while in United Cotfab IPO retail investors are offered 5,92,000 shares. Qualified institutional buyers (QIB) are offered 9,08,800 shares in TBI Corn IPO and 0 shares in United Cotfab IPO.

	TBI Corn IPO	United Cotfab IPO
Anchor Investor Reserveration	13,58,400 shares
Market Maker Reserveration	2,40,000 shares	2,60,000 shares
QIB	9,08,800 shares	0 shares
NII	6,81,600 shares	24,62,000 shares
RII	5,92,000 shares	24,62,000 shares
Employee	0 shares	0 shares
Others
Total	31,82,400 shares	49,24,000 shares

Bids Received (Subscription)

TBI Corn IPO subscribed 231.21x in total, whereas United Cotfab IPO subscribed 107.16x.

	TBI Corn IPO	United Cotfab IPO
QIB (times)	81.41x
NII (times)	516.50x	114.71x
Big NII (times)
Small NII (times)
RII (times)	523.29x	77.22x
Employee (times)
Other (times)
Total (times)	231.21x	107.16x

Compare with others

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United Cotfab IPO	EnNutrica IPO
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Ztech India IPO	3C IT IPO
Aimtron Electronics IPO	Magenta Lifecare IPO
Beacon Trusteeship IPO	Sattrix IPO
GSM Foils IPO	Associated Coaters IPO
Vilas Transcore IPO	TBI Corn IPO

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