Purv Flexipack IPO vs Zenith Drugs IPO

Comparision between Purv Flexipack IPO and Zenith Drugs IPO.

IPO Details

Purv Flexipack IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Zenith Drugs IPO is a SME Book Built Issue proposed to list at NSE SME.

	Purv Flexipack IPO	Zenith Drugs IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Holani Consultants Private Limited	Gretex Corporate Services Limited
Registrar	Link Intime India Private Ltd	Bigshare Services Pvt Ltd
Market Maker	Holani Consultants Private Limited	Gretex Share Broking Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Purv Flexipack IPO is up to ₹40.21 Cr whereas the issue size of the Zenith Drugs IPO is up to ₹40.68 Cr. The final issue price of Purv Flexipack IPO is ₹71.00 per share and of Zenith Drugs IPO is ₹79.00 per share.

	Purv Flexipack IPO	Zenith Drugs IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹70.00 per share	₹75.00 per share
Issue Price (Upper)	₹71.00 per share	₹79.00 per share
Issue Price (Final)	₹71.00 per share	₹79.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	1600 shares
Fresh Issue Size	56,64,000 shares	51,48,800 shares
Fresh Issue Size (Amount)	up to ₹40.21 Cr	up to ₹40.68 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	56,64,000 shares	51,48,800 shares
Issue Size Total (Amount)	up to ₹40.21 Cr	up to ₹40.68 Cr

IPO Timetable

Purv Flexipack IPO opens on Feb 27, 2024, while Zenith Drugs IPO opens on Feb 19, 2024. The closing date of Purv Flexipack IPO and Zenith Drugs IPO is Feb 29, 2024, and Feb 22, 2024, respectively.

	Purv Flexipack IPO	Zenith Drugs IPO
Anchor Bid Date	Feb 26, 2024	Feb 16, 2024
Issue Open	Feb 27, 2024	Feb 19, 2024
Issue Close	Feb 29, 2024	Feb 22, 2024
Basis Of Allotment (Tentative)	Mar 01, 2024	Feb 23, 2024
Initiation of Refunds (Tentative)	Mar 04, 2024	Feb 26, 2024
Credit of Share (Tentative)	Mar 04, 2024	Feb 26, 2024
Listing date (Tentative)	Mar 05, 2024	Feb 27, 2024
Anchor Lockin End date 1	Mar 31, 2024	Mar 24, 2024
Anchor Lockin End date 2	May 30, 2024	May 23, 2024

Financials

Purv Flexipack IPO P/E ratio is 13.17, as compared to Zenith Drugs IPO P/E ratio of 18.4.

Purv Flexipack IPO

Zenith Drugs IPO

Financial

Purv Flexipack Limited Financial Information (Restated)

Purv Flexipack Limited's revenue increased by 48.66% and profit after tax (PAT) rose by 31.82% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	28,315.64	25,852.83	18,146.73	15,417.62
Revenue	13,935.79	34,107.83	22,943.81	13,780.26
Profit After Tax	430.13	826.13	626.73	567.50
Net Worth	8,152.42	7,619.22	6,793.09	5,898.36
Reserves and Surplus	6,740.54	6,207.34	5,381.21	4,486.48
Total Borrowing	15,013.96	12,350.98	8,340.10	7,077.77
Amount in ₹ Lakhs

Zenith Drugs Limited Financial Information (Restated Consolidated)

Zenith Drugs Limited's revenue increased by 24.85% and profit after tax (PAT) rose by 64.7% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022
Assets	11,249.04	9,793.83	6,858.47
Revenue	6,948.43	11,569.65	9,266.63
Profit After Tax	539.38	515.29	312.86
Net Worth	2,264.96	1,724.42	1,209.09
Reserves and Surplus	1,064.96	1,684.42	1,169.09
Total Borrowing	2,902.81	2,605.03	1,880.86
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

92.17%

100.00%

Promoter Shareholding (Post-Issue)

69.98%

P/E Ratio

13.17

18.4

Market Cap

₹148.98 Cr.

₹135.48 Cr.

ROE

11.46%%

35.13%%

ROCE

18.50%%

37.29%%

Debt/Equity

1.62

1.51

EPS

₹5.39

₹4.29

RoNW

10.84%%

29.88%%

Shares Offered

In the Purv Flexipack IPO retail investors (RII) are offered 19,00,800 shares while in Zenith Drugs IPO retail investors are offered 19,00,800 shares. Qualified institutional buyers (QIB) are offered 10,52,800 shares in Purv Flexipack IPO and 8,59,200 shares in Zenith Drugs IPO.

	Purv Flexipack IPO	Zenith Drugs IPO
Anchor Investor Reserveration	15,16,800 shares	12,88,000 shares
Market Maker Reserveration	3,48,800 shares	8,52,800 shares
QIB	10,52,800 shares	8,59,200 shares
NII	8,44,800 shares	6,44,800 shares
RII	19,00,800 shares	15,04,000 shares
Employee	0 shares	0 shares
Others
Total	37,98,400 shares	30,08,000 shares

Bids Received (Subscription)

Purv Flexipack IPO subscribed 421.78x in total, whereas Zenith Drugs IPO subscribed 179.18x.

	Purv Flexipack IPO	Zenith Drugs IPO
QIB (times)	157.32x	106.72x
NII (times)	690.72x	368.77x
Big NII (times)
Small NII (times)
RII (times)	448.73x	139.28x
Employee (times)
Other (times)
Total (times)	421.78x	179.18x

Compare with others

Purv Flexipack IPO	Zenith Drugs IPO
V R Infraspace IPO	M.V.K. Agro Food IPO
Sona Machinery IPO	Owais Metal and Mineral Processing IPO
Pune E-Stock Broking IPO	Purv Flexipack IPO
M.V.K. Agro Food IPO	Sadhav Shipping IPO
Owais Metal and Mineral Processing IPO	Deem Roll Tech IPO
Sadhav Shipping IPO	Esconet Technologies IPO
Deem Roll Tech IPO	Trust Fintech IPO
Zenith Drugs IPO	Interiors and More IPO
Esconet Technologies IPO	Atmastco IPO
Trust Fintech IPO	Thaai Casting IPO

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