TBI Corn IPO vs Ztech India IPO

Comparision between TBI Corn IPO and Ztech India IPO.

IPO Details

TBI Corn IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Ztech India IPO is a SME Book Built Issue proposed to list at NSE SME.

	TBI Corn IPO	Ztech India 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	Swastika Investmart Ltd Ekadrisht Capital Private Limited	Narnolia Financial Services Ltd
Registrar	Kfin Technologies Limited	Maashitla Securities Private Limited
Market Maker	Ss Corporate Securities Limited	Nvs Brokerage 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 TBI Corn IPO is up to ₹44.94 Cr whereas the issue size of the Ztech India IPO is up to ₹37.30 Cr. The final issue price of TBI Corn IPO is ₹94.00 per share and of Ztech India IPO is ₹110.00 per share.

	TBI Corn IPO	Ztech India IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹90.00 per share	₹104.00 per share
Issue Price (Upper)	₹94.00 per share	₹110.00 per share
Issue Price (Final)	₹94.00 per share	₹110.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	1200 shares
Fresh Issue Size	47,80,800 shares	33,91,200 shares
Fresh Issue Size (Amount)	up to ₹44.94 Cr	up to ₹37.30 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	47,80,800 shares	33,91,200 shares
Issue Size Total (Amount)	up to ₹44.94 Cr	up to ₹37.30 Cr

IPO Timetable

TBI Corn IPO opens on May 31, 2024, while Ztech India IPO opens on May 29, 2024. The closing date of TBI Corn IPO and Ztech India IPO is Jun 04, 2024, and May 31, 2024, respectively.

	TBI Corn IPO	Ztech India IPO
Anchor Bid Date	May 30, 2024	May 28, 2024
Issue Open	May 31, 2024	May 29, 2024
Issue Close	Jun 04, 2024	May 31, 2024
Basis Of Allotment (Tentative)	Jun 05, 2024	Jun 03, 2024
Initiation of Refunds (Tentative)	Jun 06, 2024	Jun 05, 2024
Credit of Share (Tentative)	Jun 06, 2024	Jun 05, 2024
Listing date (Tentative)	Jun 07, 2024	Jun 05, 2024
Anchor Lockin End date 1	Jul 05, 2024	Jul 03, 2024
Anchor Lockin End date 2	Sep 03, 2024	Sep 01, 2024

Financials

TBI Corn IPO P/E ratio is 18.33, as compared to Ztech India IPO P/E ratio of 13.27.

TBI Corn IPO

Ztech India 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

Ztech India Limited Financial Information (Restated Consolidated)

Ztech India Limited's revenue increased by 160.28% and profit after tax (PAT) rose by 296.44% 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	4,192.24	2,339.62	1,925.11	1,973.14
Revenue	6,737.02	2,588.40	3,083.89	2,395.67
Profit After Tax	779.83	196.71	8.42	64.62
Net Worth	2,191.00	998.95	802.24	793.82
Reserves and Surplus	1,250.39	888.95	692.25	683.82
Total Borrowing	130.84	71.03	71.74	93.75
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

76.65%

82.65%

Promoter Shareholding (Post-Issue)

57.71%

60.75%

P/E Ratio

18.33

13.27

Market Cap

₹170.69 Cr.

₹140.77 Cr.

ROE

18.84%%

34%%

ROCE

18.65%%

44.02%%

Debt/Equity

0.43

0.06

EPS

₹5.13

₹8.29

RoNW

18.84%%

34%%

Shares Offered

In the TBI Corn IPO retail investors (RII) are offered 5,92,000 shares while in Ztech India IPO retail investors are offered 5,92,000 shares. Qualified institutional buyers (QIB) are offered 9,08,800 shares in TBI Corn IPO and 6,44,400 shares in Ztech India IPO.

	TBI Corn IPO	Ztech India IPO
Anchor Investor Reserveration	13,58,400 shares	9,64,800 shares
Market Maker Reserveration	2,40,000 shares	1,70,400 shares
QIB	9,08,800 shares	6,44,400 shares
NII	6,81,600 shares	4,83,600 shares
RII	5,92,000 shares	11,28,000 shares
Employee	0 shares	0 shares
Others
Total	31,82,400 shares	22,56,000 shares

Bids Received (Subscription)

TBI Corn IPO subscribed 231.21x in total, whereas Ztech India IPO subscribed 371.39x.

	TBI Corn IPO	Ztech India IPO
QIB (times)	81.41x	123.10x
NII (times)	516.50x	832.37x
Big NII (times)
Small NII (times)
RII (times)	523.29x	315.59x
Employee (times)
Other (times)
Total (times)	231.21x	371.39x

Compare with others

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

Comments

Add a public comment...