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DRS Dilip Roadlines IPO vs Surani Steel Tubes IPO

Comparison between DRS Dilip Roadlines IPO and Surani Steel Tubes IPO.

IPO Details

DRS Dilip Roadlines IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Surani Steel Tubes IPO is a SME Bookbuilding proposed to list at NSE SME.

 DRS Dilip Roadlines IPOSurani Steel Tubes IPO
LogoDRS Dilip Roadlines IPO LogoSurani Steel Tubes IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersAryaman Financial Services Ltd.Pantomath Capital Advisors Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.MUFG Intime India Pvt.Ltd.
Market MakerAryaman Capital Markets Ltd.Pantomath Stock Brokers Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of DRS Dilip Roadlines IPO is up to ₹29.81 Cr whereas the issue size of the Surani Steel Tubes IPO is up to ₹12.26 Cr. The final issue price of DRS Dilip Roadlines IPO is ₹75.00 per share and of Surani Steel Tubes IPO is ₹52.00 per share.

 DRS Dilip Roadlines IPOSurani Steel Tubes IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹51.00 per share
Issue Price (Upper)₹52.00 per share
Issue Price (Final)₹75.00 per share₹52.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares2000 shares
Fresh Issue Size39,74,400 shares23,58,000 shares
Fresh Issue Size (Amount)up to ₹29.81 Crup to ₹12.26 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total39,74,400 shares23,58,000 shares
Issue Size Total (Amount)up to ₹29.81 Crup to ₹12.26 Cr

IPO Timetable

DRS Dilip Roadlines IPO opens on Nov 27, 2018, while Surani Steel Tubes IPO opens on Jan 25, 2019. The closing date of DRS Dilip Roadlines IPO and Surani Steel Tubes IPO is Nov 30, 2018, and Jan 29, 2019, respectively.

 DRS Dilip Roadlines IPOSurani Steel Tubes IPO
Anchor Bid Date
Issue OpenNov 27, 2018Jan 25, 2019
Issue CloseNov 30, 2018Jan 29, 2019
Basis Of Allotment (Tentative)
Initiation of Refunds (Tentative)
Credit of Share (Tentative)
Listing date (Tentative)Dec 10, 2018Feb 06, 2019
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

DRS Dilip Roadlines IPO P/E ratio is , as compared to Surani Steel Tubes IPO P/E ratio of .

 DRS Dilip Roadlines IPOSurani Steel Tubes IPO
Financials
Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 8,299.32 7,814.93 5,299.06 4,986.01 4,498.53
Total Revenue 14,261.71 14,190.82 15,308.40 14,634.30 13,249.54
Profit After Tax 345.39 108.18 50.00 44.10 (41.16)
Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 3,528.36 2,836.35 2,298.30 1,594.83 1,541.34
Total Revenue 10,079.72 7,670.08 6,845.89 5,814.16 3,599.92
Profit After Tax 172.44 99.90 109.60 16.25 (2.99)
Promoter Shareholding (Pre-Issue)20,95,000 Shares (36.12)
Promoter Shareholding (Post-Issue)
P/E Ratio
Market Cap
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the DRS Dilip Roadlines IPO Retail Individual Investors (RII) are offered 19,87,200 shares while in Surani Steel Tubes IPO retail investors are offered 19,87,200 shares. Qualified Institutional Buyers (QIB) are offered in DRS Dilip Roadlines IPO and in Surani Steel Tubes IPO.

 DRS Dilip Roadlines IPOSurani Steel Tubes IPO
Anchor Investor Reserveration
Market Maker Reserveration2,25,600 shares1,26,000 shares
QIB
NII19,87,200 shares11,78,000 shares
RII19,87,200 shares11,80,000 shares
Employee
Others
Total39,74,400 shares23,58,000 shares

Bids Received (Subscription)

DRS Dilip Roadlines IPO subscribed 1.14x in total, whereas Surani Steel Tubes IPO subscribed 1.55x.

 DRS Dilip Roadlines IPOSurani Steel Tubes IPO
QIB (times)
NII (times)2.03x1.70x
Big NII (times)
Small NII (times)
RII (times)0.26x1.23x
Employee (times)
Other (times)
Total (times)1.14x1.55x