Accord Synergy IPO vs Globe Textiles IPO

Comparison between Accord Synergy IPO and Globe Textiles IPO.

IPO Details

Accord Synergy IPO is a SME Fixed Price IPO proposed to list at NSE SME while Globe Textiles IPO is a SME Fixed Price proposed to list at NSE 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 Globe Textiles IPO is up to ₹12.97 Cr. The final issue price of Accord Synergy IPO is ₹60.00 per share and of Globe Textiles IPO is ₹51.00 per share.

 Accord Synergy IPOGlobe Textiles IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹60.00 per share₹51.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size2000 shares2000 shares
Fresh Issue Size8,76,000 shares12,24,000 shares
Fresh Issue Size (Amount)up to ₹5.26 Crup to ₹6.24 Cr
OFS Issue Size0 shares13,20,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹6.73 Cr
Issue Size Total8,76,000 shares25,44,000 shares
Issue Size Total (Amount)up to ₹5.26 Crup to ₹12.97 Cr

IPO Timetable

Accord Synergy IPO opens on Jun 22, 2017, while Globe Textiles IPO opens on Jun 12, 2017. The closing date of Accord Synergy IPO and Globe Textiles IPO is Jun 28, 2017, and Jun 15, 2017, respectively.

 Accord Synergy IPOGlobe Textiles IPO
Issue OpenJun 22, 2017Jun 12, 2017
Issue CloseJun 28, 2017Jun 15, 2017
Basis Of Allotment (Tentative)Jul 03, 2017Jun 20, 2017
Listing date (Tentative)Jul 06, 2017Jun 23, 2017

Financials & KPIs

Accord Synergy IPO P/E ratio is , as compared to Globe Textiles IPO P/E ratio of .

 Accord Synergy IPOGlobe Textiles 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 Mar 201731 Mar 201631 Mar 2015
Assets110.1082.8270.65
Total Income191.86183.16175.26
Profit After Tax3.251.572.44
NET Worth24.8621.6220.04
Reserves and Surplus16.1518.7117.14
Total Borrowing51.8138.9529.05
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99.98%100%
Promoter Shareholding (Post-Issue)71.99%73.32%
Market Cap₹20.83 Cr.₹51.39 Cr.

Shares Offered

In the Accord Synergy IPO Retail Individual Investors (RII) are offered 4,38,000 shares while in Globe Textiles 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 Globe Textiles IPO.

 Accord Synergy IPOGlobe Textiles IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation96,000 shares1,44,000 shares
QIB0 shares0 shares
NII4,38,000 shares12,72,000 shares
RII4,38,000 shares12,72,000 shares
Employee0 shares0 shares
Total8,76,000 shares25,44,000 shares

Bids Received (Subscription)

Accord Synergy IPO subscribed 157.24x in total, whereas Globe Textiles IPO subscribed 2.62x.

 Accord Synergy IPOGlobe Textiles IPO
NII (times)110.11x1.50x
RII (times)204.37x3.74x
Total (times)157.24x2.62x

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