Accord Synergy IPO vs G G Engineering IPO

Comparison between Accord Synergy IPO and G G Engineering IPO.

IPO Details

Accord Synergy IPO is a SME Fixed Price IPO proposed to list at NSE SME while G G Engineering IPO is a SME Fixed Price proposed to list at BSE SME.

Issue Size and Price

The total issue size of Accord Synergy IPO is up to ₹5.26 Cr whereas the issue size of the G G Engineering IPO is up to ₹2.11 Cr. The final issue price of Accord Synergy IPO is ₹60.00 per share and of G G Engineering IPO is ₹20.00 per share.

 Accord Synergy IPOG G Engineering IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹60.00 per share₹20.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size2000 shares6000 shares
Fresh Issue Size8,76,000 shares10,56,000 shares
Fresh Issue Size (Amount)up to ₹5.26 Crup to ₹2.11 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total8,76,000 shares10,56,000 shares
Issue Size Total (Amount)up to ₹5.26 Crup to ₹2.11 Cr

IPO Timetable

Accord Synergy IPO opens on Jun 22, 2017, while G G Engineering IPO opens on Jun 30, 2017. The closing date of Accord Synergy IPO and G G Engineering IPO is Jun 28, 2017, and Jul 07, 2017, respectively.

 Accord Synergy IPOG G Engineering IPO
Issue OpenJun 22, 2017Jun 30, 2017
Issue CloseJun 28, 2017Jul 07, 2017
Basis Of Allotment (Tentative)Jul 03, 2017Jul 13, 2017
Listing date (Tentative)Jul 06, 2017Jul 17, 2017

Financials & KPIs

Accord Synergy IPO P/E ratio is , as compared to G G Engineering IPO P/E ratio of .

 Accord Synergy IPOG G Engineering IPO
Financials

Company Financials (Restated)

Period Ended31 Dec 201631 Mar 201631 Mar 2015
Assets20.9421.7810.18
Total Income49.0563.048.71
Profit After Tax2.232.600.32
NET Worth5.152.930.33
Reserves and Surplus5.142.920.32
Total Borrowing7.4911.215.95
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Dec 201631 Mar 201631 Mar 201531 Mar 2014
Assets6.625.714.725.24
Total Income5.995.202.072.13
Profit After Tax0.020.140.01-0.01
NET Worth3.223.203.073.06
Reserves and Surplus0.170.150.01-0.00
Total Borrowing1.771.530.650.97
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99.98%99.61%
Promoter Shareholding (Post-Issue)71.99%73.07%
Market Cap₹20.83 Cr.₹8.38 Cr.

Shares Offered

In the Accord Synergy IPO Retail Individual Investors (RII) are offered 4,38,000 shares while in G G Engineering IPO retail investors are offered 4,38,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Accord Synergy IPO and 0 shares in G G Engineering IPO.

 Accord Synergy IPOG G Engineering IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation96,000 shares60,000 shares
QIB0 shares0 shares
NII4,38,000 shares5,28,000 shares
RII4,38,000 shares5,28,000 shares
Employee0 shares0 shares
Total8,76,000 shares10,56,000 shares

Bids Received (Subscription)

Accord Synergy IPO subscribed 157.24x in total, whereas G G Engineering IPO subscribed 1.61x.

 Accord Synergy IPOG G Engineering IPO
NII (times)110.11x1.30x
RII (times)204.37x1.93x
Total (times)157.24x1.61x

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