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.

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
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
Issue OpenNov 27, 2018Jan 25, 2019
Issue CloseNov 30, 2018Jan 29, 2019
Basis Of Allotment (Tentative)Dec 05, 2018Feb 01, 2019
Listing date (Tentative)Dec 10, 2018Feb 06, 2019

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

Company Financials (Restated)

Period Ended30 Jun 201831 Mar 201831 Mar 201731 Mar 2016
Assets83.6482.9978.1552.99
Total Income42.14142.62141.91153.08
Profit After Tax1.393.451.080.50
NET Worth10.188.8014.064.96
Reserves and Surplus3.181.797.051.96
Total Borrowing40.2841.6929.9223.17
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Jul 201831 Mar 201831 Mar 201731 Mar 2016
Assets37.1435.2828.3622.98
Total Income36.14100.8076.7068.46
Profit After Tax0.411.721.001.10
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100%48.52%
Promoter Shareholding (Post-Issue)72.11%33.97%
Market Cap₹112.97 Cr.₹43.08 Cr.

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 0 shares in DRS Dilip Roadlines IPO and 0 shares in Surani Steel Tubes IPO.

 DRS Dilip Roadlines IPOSurani Steel Tubes IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation2,25,600 shares1,26,000 shares
QIB0 shares0 shares
NII19,87,200 shares11,78,000 shares
RII19,87,200 shares11,80,000 shares
Employee0 shares0 shares
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
NII (times)2.03x1.80x
RII (times)0.26x1.29x
Total (times)1.14x1.55x

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DRS Dilip Roadlines IPO Vs Surani Steel Tubes IPO