Comparison between ABS Marine IPO and Grill Splendour IPO.
ABS Marine IPO is a SME Fixed Price IPO proposed to list at NSE SME while Grill Splendour IPO is a SME Fixed Price proposed to list at NSE SME.
| ABS Marine IPO | Grill Splendour IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Fixed Price |
| Listing At | NSE SME | NSE SME |
| Lead Managers | GYR Capital Advisors Pvt.Ltd. | Inventure Merchant Banker Services Pvt.Ltd. |
| Registrar | Purva Sharegistry (India) Pvt.Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Giriraj Stock Broking Pvt.Ltd. | Rikhav Securities Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of ABS Marine IPO is up to ₹90.26 Cr whereas the issue size of the Grill Splendour IPO is up to ₹15.64 Cr. The final issue price of ABS Marine IPO is ₹147.00 per share and of Grill Splendour IPO is ₹120.00 per share.
| ABS Marine IPO | Grill Splendour IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹140.00 per share | |
| Issue Price (Upper) | ₹147.00 per share | |
| Issue Price (Final) | ₹147.00 per share | ₹120.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 1000 shares | 1200 shares |
| Fresh Issue Size | 61,40,000 shares | 13,03,200 shares |
| Fresh Issue Size (Amount) | up to ₹90.26 Cr | up to ₹15.64 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 61,40,000 shares | 13,03,200 shares |
| Issue Size Total (Amount) | up to ₹90.26 Cr | up to ₹15.64 Cr |
ABS Marine IPO opens on May 10, 2024, while Grill Splendour IPO opens on Apr 15, 2024. The closing date of ABS Marine IPO and Grill Splendour IPO is May 15, 2024, and Apr 18, 2024, respectively.
| ABS Marine IPO | Grill Splendour IPO | |
|---|---|---|
| Anchor Bid Date | May 09, 2024 | |
| Issue Open | May 10, 2024 | Apr 15, 2024 |
| Issue Close | May 15, 2024 | Apr 18, 2024 |
| Basis Of Allotment (Tentative) | May 16, 2024 | Apr 19, 2024 |
| Initiation of Refunds (Tentative) | May 17, 2024 | Apr 22, 2024 |
| Credit of Share (Tentative) | May 17, 2024 | Apr 22, 2024 |
| Listing date (Tentative) | May 21, 2024 | Apr 23, 2024 |
| Anchor Lockin End date 1 | Jun 15, 2024 | |
| Anchor Lockin End date 2 | Aug 14, 2024 |
ABS Marine IPO P/E ratio is 11.23, as compared to Grill Splendour IPO P/E ratio of 23.12.
| ABS Marine IPO | Grill Splendour IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | ABS Marine Services Limited Financial Information (Restated Consolidated)ABS Marine Services Limited's revenue increased by 21.27% and profit after tax (PAT) rose by 147.22% between the financial year ending with March 31, 2024 and March 31, 2023.
| Grill Splendour Services Limited Financial Information (Restated)Grill Splendour Services Limited's revenue increased by 32.92% and profit after tax (PAT) rose by 5654.34% between the financial year ending with March 31, 2023 and March 31, 2022.
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 86.50 | 49.75 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 63.42 | 36.64 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 11.23 | 23.12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹360.88 Cr. | ₹62.50 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 18.67% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.39 | 1.50 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹13.09 | ₹5.19 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 20.10% | 12.46% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the ABS Marine IPO Retail Individual Investors (RII) are offered 21,49,000 shares while in Grill Splendour IPO retail investors are offered 21,49,000 shares. Qualified Institutional Buyers (QIB) are offered 12,28,000 shares in ABS Marine IPO and in Grill Splendour IPO.
| ABS Marine IPO | Grill Splendour IPO | |
|---|---|---|
| Anchor Investor Reserveration | 18,41,000 shares | |
| Market Maker Reserveration | 4,10,000 shares | 69,600 shares |
| QIB | 12,28,000 shares | |
| NII | 9,22,000 shares | 6,51,600 shares |
| RII | 21,49,000 shares | 6,51,600 shares |
| Employee | ||
| Others | ||
| Total | 61,40,000 shares | 13,03,200 shares |
ABS Marine IPO subscribed 144.44x in total, whereas Grill Splendour IPO subscribed 8.68x.
| ABS Marine IPO | Grill Splendour IPO | |
|---|---|---|
| QIB (times) | 109.30x | |
| NII (times) | 270.94x | 4.59x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 110.24x | 12.78x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 144.44x | 8.68x |
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