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Associated Coaters IPO vs GP Eco Solutions IPO

Comparison between Associated Coaters IPO and GP Eco Solutions IPO.

IPO Details

Associated Coaters IPO is a SME Bookbuilding IPO proposed to list at BSE SME while GP Eco Solutions IPO is a SME Bookbuilding proposed to list at NSE SME.

 Associated Coaters IPOGP Eco Solutions IPO
LogoAssociated Coaters IPO LogoGP Eco Solutions IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersGretex Corporate Services Ltd.Corporate Capitalventures Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerGretex Share Broking Pvt.Ltd.SS Corporate Securities Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Associated Coaters IPO is up to ₹4.31 Cr whereas the issue size of the GP Eco Solutions IPO is up to ₹27.71 Cr. The final issue price of Associated Coaters IPO is ₹121.00 per share and of GP Eco Solutions IPO is ₹94.00 per share.

 Associated Coaters IPOGP Eco Solutions IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹90.00 per share
Issue Price (Upper)₹94.00 per share
Issue Price (Final)₹121.00 per share₹94.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1000 shares1200 shares
Fresh Issue Size3,56,000 shares29,48,400 shares
Fresh Issue Size (Amount)up to ₹4.31 Crup to ₹27.71 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total3,56,000 shares29,48,400 shares
Issue Size Total (Amount)up to ₹4.31 Crup to ₹27.71 Cr

IPO Timetable

Associated Coaters IPO opens on May 30, 2024, while GP Eco Solutions IPO opens on Jun 14, 2024. The closing date of Associated Coaters IPO and GP Eco Solutions IPO is Jun 03, 2024, and Jun 19, 2024, respectively.

 Associated Coaters IPOGP Eco Solutions IPO
Anchor Bid DateJun 13, 2024
Issue OpenMay 30, 2024Jun 14, 2024
Issue CloseJun 03, 2024Jun 19, 2024
Basis Of Allotment (Tentative)Jun 04, 2024Jun 20, 2024
Initiation of Refunds (Tentative)Jun 05, 2024Jun 21, 2024
Credit of Share (Tentative)Jun 05, 2024Jun 21, 2024
Listing date (Tentative)Jun 06, 2024Jun 24, 2024
Anchor Lockin End date 1Jul 20, 2024
Anchor Lockin End date 2Sep 18, 2024

Financials & KPIs

Associated Coaters IPO P/E ratio is 20.72, as compared to GP Eco Solutions IPO P/E ratio of 21.44.

 Associated Coaters IPOGP Eco Solutions IPO
Financials

Associated Coaters Limited Financial Information (Restated)

Associated Coaters Limited's revenue increased by 157.47% and profit after tax (PAT) rose by 297.22% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets364.74296.12201.812.72
Total Income397.00358.94139.41
Profit After Tax75.7754.3013.67-0.14
Net Worth141.1170.3416.052.38
Reserves and Surplus48.1167.3413.05-0.62
Total Borrowing9.909.9010.100.20
Amount in ₹ Lakhs

GP Eco Solutions India Limited Financial Information (Restated)

GP Eco Solutions India Limited's revenue increased by 25.08% and profit after tax (PAT) rose by 33.43% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets4,728.754,715.191,904.891,429.81
Total Income7,858.8810,447.638,352.994,652.91
Profit After Tax473.27369.82277.1796.94
Net Worth1,298.08824.81454.98177.81
Reserves and Surplus578.08804.81434.98157.81
Total Borrowing1,544.791,316.52517.55351.37
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)100.0086.4
Promoter Shareholding (Post-Issue)68.7962.23
P/E Ratio20.7221.44
Market Cap₹16.36 Cr.₹110.08 Cr.
ROE71.66%44.59%
ROCE68.30%26.51%
Debt/Equity0.071.11
EPS₹5.84₹4.38
RoNW53.69%42.70%

Shares Offered

In the Associated Coaters IPO Retail Individual Investors (RII) are offered 1,78,000 shares while in GP Eco Solutions IPO retail investors are offered 1,78,000 shares. Qualified Institutional Buyers (QIB) are offered in Associated Coaters IPO and 5,89,200 shares in GP Eco Solutions IPO.

 Associated Coaters IPOGP Eco Solutions IPO
Anchor Investor Reserveration8,83,200 shares
Market Maker Reserveration66,000 shares3,27,600 shares
QIB5,89,200 shares
NII1,78,000 shares4,44,000 shares
RII1,78,000 shares10,32,000 shares
Employee
Others
Total3,56,000 shares29,48,400 shares

Bids Received (Subscription)

Associated Coaters IPO subscribed 371.14x in total, whereas GP Eco Solutions IPO subscribed 856.21x.

 Associated Coaters IPOGP Eco Solutions IPO
QIB (times)236.64x
NII (times)239.63x1,824.87x
Big NII (times)
Small NII (times)
RII (times)494.99x793.20x
Employee (times)
Other (times)
Total (times)371.14x856.21x