Ashapuri Gold Ornament IPO vs Gleam Fabmat IPO

Comparison between Ashapuri Gold Ornament IPO and Gleam Fabmat IPO.

IPO Details

Ashapuri Gold Ornament IPO is a SME Fixed Price IPO proposed to list at BSE SME while Gleam Fabmat IPO is a SME Fixed Price proposed to list at BSE SME.

Issue Size and Price

The total issue size of Ashapuri Gold Ornament IPO is up to ₹27.81 Cr whereas the issue size of the Gleam Fabmat IPO is up to ₹2.96 Cr. The final issue price of Ashapuri Gold Ornament IPO is ₹51.00 per share and of Gleam Fabmat IPO is ₹10.00 per share.

 Ashapuri Gold Ornament IPOGleam Fabmat IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹51.00 per share₹10.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size2000 shares10000 shares
Fresh Issue Size54,52,000 shares29,60,000 shares
Fresh Issue Size (Amount)up to ₹27.81 Crup to ₹2.96 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total54,52,000 shares29,60,000 shares
Issue Size Total (Amount)up to ₹27.81 Crup to ₹2.96 Cr

IPO Timetable

Ashapuri Gold Ornament IPO opens on Mar 13, 2019, while Gleam Fabmat IPO opens on Feb 19, 2019. The closing date of Ashapuri Gold Ornament IPO and Gleam Fabmat IPO is Mar 18, 2019, and Feb 22, 2019, respectively.

 Ashapuri Gold Ornament IPOGleam Fabmat IPO
Issue OpenMar 13, 2019Feb 19, 2019
Issue CloseMar 18, 2019Feb 22, 2019
Basis Of Allotment (Tentative)Mar 22, 2019Feb 27, 2019
Initiation of Refunds (Tentative)Mar 25, 2019Feb 28, 2019
Credit of Share (Tentative)Mar 26, 2019Mar 01, 2019
Listing date (Tentative)Mar 27, 2019Mar 05, 2019

Financials & KPIs

Ashapuri Gold Ornament IPO P/E ratio is , as compared to Gleam Fabmat IPO P/E ratio of .

 Ashapuri Gold Ornament IPOGleam Fabmat IPO
Financials

Company Financials (Restated Standalone)

Period Ended30 Nov 201831 Mar 201831 Mar 201731 Mar 2016
Assets16.1014.5415.5816.84
Total Income49.5146.9337.2955.63
Profit After Tax0.320.070.040.06
NET Worth6.926.606.536.45
Reserves and Surplus6.826.506.436.39
Total Borrowing5.124.825.778.03
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Sep 2018
Assets15.20
Total Income10.22
Profit After Tax0.21
EBITDA0.31
NET Worth1.50
Reserves and Surplus0.21
Total Borrowing5.16
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100%100%
Promoter Shareholding (Post-Issue)73%68.86%
Market Cap₹108.59 Cr.₹10.02 Cr.

Shares Offered

In the Ashapuri Gold Ornament IPO Retail Individual Investors (RII) are offered 27,26,000 shares while in Gleam Fabmat IPO retail investors are offered 27,26,000 shares. Qualified Institutional Buyers (QIB) are offered in Ashapuri Gold Ornament IPO and in Gleam Fabmat IPO.

 Ashapuri Gold Ornament IPOGleam Fabmat IPO
Market Maker Reservation2,98,000 shares1,60,000 shares
NII27,26,000 shares14,80,000 shares
RII27,26,000 shares14,80,000 shares
Total54,52,000 shares29,60,000 shares

Bids Received (Subscription)

Ashapuri Gold Ornament IPO subscribed 1.16x in total, whereas Gleam Fabmat IPO subscribed 1.75x.

 Ashapuri Gold Ornament IPOGleam Fabmat IPO
NII (times)2.07x2.74x
RII (times)0.25x0.76x
Total (times)1.16x1.75x

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