Affordable Robotic IPO vs Sirca Paints IPO

Comparison between Affordable Robotic IPO and Sirca Paints IPO.

IPO Details

Affordable Robotic IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Sirca Paints IPO is a SME Bookbuilding proposed to list at NSE SME.

Issue Size and Price

The total issue size of Affordable Robotic IPO is up to ₹21.64 Cr whereas the issue size of the Sirca Paints IPO is up to ₹74.01 Cr. The final issue price of Affordable Robotic IPO is ₹85.00 per share and of Sirca Paints IPO is ₹160.00 per share.

 Affordable Robotic IPOSirca Paints IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹83.00 per share₹151.00 per share
Issue Price (Upper)₹85.00 per share₹160.00 per share
Issue Price (Final)₹85.00 per share₹160.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size1600 shares800 shares
Fresh Issue Size25,45,600 shares46,25,600 shares
Fresh Issue Size (Amount)up to ₹21.64 Crup to ₹74.01 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total25,45,600 shares46,25,600 shares
Issue Size Total (Amount)up to ₹21.64 Crup to ₹74.01 Cr

IPO Timetable

Affordable Robotic IPO opens on May 24, 2018, while Sirca Paints IPO opens on May 16, 2018. The closing date of Affordable Robotic IPO and Sirca Paints IPO is May 28, 2018, and May 22, 2018, respectively.

 Affordable Robotic IPOSirca Paints IPO
Anchor Bid DateMay 15, 2018
Issue OpenMay 24, 2018May 16, 2018
Issue CloseMay 28, 2018May 22, 2018
Basis Of Allotment (Tentative)May 25, 2018
Listing date (Tentative)Jun 04, 2018May 30, 2018
Anchor Lockin End date 1Jun 21, 2018

Financials & KPIs

Affordable Robotic IPO P/E ratio is , as compared to Sirca Paints IPO P/E ratio of .

 Affordable Robotic IPOSirca Paints IPO
Financials

Company Financials (Restated Standalone)

Period Ended31 Dec 201731 Mar 201731 Mar 201631 Mar 2015
Assets55.5553.9132.4022.86
Total Income46.6940.3947.0925.95
Profit After Tax4.073.961.220.14
EBITDA8.028.774.551.43
NET Worth10.966.902.941.72
Reserves and Surplus4.715.651.691.47
Total Borrowing9.818.976.867.25
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Dec 201731 Mar 201731 Mar 201631 Mar 2015
Assets83.1961.3145.0833.42
Total Income64.7084.3472.6669.77
Profit After Tax14.6013.707.286.18
NET Worth48.3534.0320.3613.13
Reserves and Surplus36.1434.0320.3313.05
Total Borrowing9.103.8510.6811.81
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100%91.79%
Promoter Shareholding (Post-Issue)61.40%67.32%
Market Cap₹86.40 Cr.₹292.31 Cr.

Shares Offered

In the Affordable Robotic IPO Retail Individual Investors (RII) are offered 8,92,800 shares while in Sirca Paints IPO retail investors are offered 8,92,800 shares. Qualified Institutional Buyers (QIB) are offered 12,68,800 shares in Affordable Robotic IPO and 9,28,000 shares in Sirca Paints IPO.

 Affordable Robotic IPOSirca Paints IPO
Anchor Investor Reservation0 shares13,70,400 shares
Market Maker Reservation1,36,000 shares2,44,000 shares
QIB12,68,800 shares9,28,000 shares
NII3,84,000 shares6,99,200 shares
RII8,92,800 shares16,28,000 shares
Employee0 shares0 shares
Total25,45,600 shares46,25,600 shares

Bids Received (Subscription)

Affordable Robotic IPO subscribed 4.63x in total, whereas Sirca Paints IPO subscribed 8.32x.

 Affordable Robotic IPOSirca Paints IPO
QIB (times)0.00x1.25x
NII (times)22.29x32.05x
RII (times)3.61x9.16x
Total (times)4.63x8.32x

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