Accord Synergy IPO vs Riddhi Corporate IPO

Comparison between Accord Synergy IPO and Riddhi Corporate IPO.

IPO Details

Accord Synergy IPO is a SME Fixed Price IPO proposed to list at NSE SME while Riddhi Corporate 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 Riddhi Corporate IPO is up to ₹11.70 Cr. The final issue price of Accord Synergy IPO is ₹60.00 per share and of Riddhi Corporate IPO is ₹130.00 per share.

 Accord Synergy IPORiddhi Corporate IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹60.00 per share₹130.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size2000 shares1000 shares
Fresh Issue Size8,76,000 shares9,00,000 shares
Fresh Issue Size (Amount)up to ₹5.26 Crup to ₹11.70 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total8,76,000 shares9,00,000 shares
Issue Size Total (Amount)up to ₹5.26 Crup to ₹11.70 Cr

IPO Timetable

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

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

Financials & KPIs

Accord Synergy IPO P/E ratio is , as compared to Riddhi Corporate IPO P/E ratio of 16.

 Accord Synergy IPORiddhi Corporate 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 Standalone)

Period Ended31 Dec 201631 Mar 201631 Mar 201531 Mar 2014
Assets28.0721.8919.3114.10
Total Income45.0242.2527.5923.17
Profit After Tax1.923.122.730.90
NET Worth9.837.914.792.06
Total Borrowing1.591.661.351.57
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99.98%100%
Promoter Shareholding (Post-Issue)71.99%70.77%
P/E Ratio16
Market Cap₹20.83 Cr.₹42.25 Cr.

Shares Offered

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

 Accord Synergy IPORiddhi Corporate IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation96,000 shares50,000 shares
QIB0 shares0 shares
NII4,38,000 shares4,50,000 shares
RII4,38,000 shares4,50,000 shares
Employee0 shares0 shares
Total8,76,000 shares9,00,000 shares

Bids Received (Subscription)

Accord Synergy IPO subscribed 157.24x in total, whereas Riddhi Corporate IPO subscribed 2.22x.

 Accord Synergy IPORiddhi Corporate IPO
NII (times)110.11x2.78x
RII (times)204.37x1.66x
Total (times)157.24x2.22x

Compare with others

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Accord Synergy IPO Vs Riddhi Corporate IPO