Bhakti Gems IPO vs Globe Textiles IPO

Comparison between Bhakti Gems IPO and Globe Textiles IPO.

IPO Details

Bhakti Gems IPO is a SME Fixed Price IPO proposed to list at BSE SME while Globe Textiles IPO is a SME Fixed Price proposed to list at NSE SME.

Issue Size and Price

The total issue size of Bhakti Gems IPO is up to ₹3.72 Cr whereas the issue size of the Globe Textiles IPO is up to ₹12.97 Cr. The final issue price of Bhakti Gems IPO is ₹20.00 per share and of Globe Textiles IPO is ₹51.00 per share.

 Bhakti Gems IPOGlobe Textiles IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹20.00 per share₹51.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size6000 shares2000 shares
Fresh Issue Size18,60,000 shares12,24,000 shares
Fresh Issue Size (Amount)up to ₹3.72 Crup to ₹6.24 Cr
OFS Issue Size0 shares13,20,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹6.73 Cr
Issue Size Total18,60,000 shares25,44,000 shares
Issue Size Total (Amount)up to ₹3.72 Crup to ₹12.97 Cr

IPO Timetable

Bhakti Gems IPO opens on May 17, 2017, while Globe Textiles IPO opens on Jun 12, 2017. The closing date of Bhakti Gems IPO and Globe Textiles IPO is May 22, 2017, and Jun 15, 2017, respectively.

 Bhakti Gems IPOGlobe Textiles IPO
Issue OpenMay 17, 2017Jun 12, 2017
Issue CloseMay 22, 2017Jun 15, 2017
Basis Of Allotment (Tentative)May 25, 2017Jun 20, 2017
Listing date (Tentative)May 30, 2017Jun 23, 2017

Financials & KPIs

Bhakti Gems IPO P/E ratio is , as compared to Globe Textiles IPO P/E ratio of .

 Bhakti Gems IPOGlobe Textiles IPO
Financials

Company Financials (Restated)

Period Ended28 Feb 201731 Mar 201631 Mar 201531 Mar 2014
Assets8.624.943.663.51
Total Income20.6319.3018.4111.22
Profit After Tax0.490.010.010.00
NET Worth6.432.811.241.22
Reserves and Surplus1.662.250.990.97
Total Borrowing1.632.130.79
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Mar 201731 Mar 201631 Mar 2015
Assets110.1082.8270.65
Total Income191.86183.16175.26
Profit After Tax3.251.572.44
NET Worth24.8621.6220.04
Reserves and Surplus16.1518.7117.14
Total Borrowing51.8138.9529.05
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)89.69%100%
Promoter Shareholding (Post-Issue)63.86%73.32%
Market Cap₹13.63 Cr.₹51.39 Cr.

Shares Offered

In the Bhakti Gems IPO Retail Individual Investors (RII) are offered 9,30,000 shares while in Globe Textiles IPO retail investors are offered 9,30,000 shares. Qualified Institutional Buyers (QIB) are offered in Bhakti Gems IPO and 0 shares in Globe Textiles IPO.

 Bhakti Gems IPOGlobe Textiles IPO
Anchor Investor Reservation0 shares
Market Maker Reservation1,02,000 shares1,44,000 shares
QIB0 shares
NII9,30,000 shares12,72,000 shares
RII9,30,000 shares12,72,000 shares
Employee0 shares
Total18,60,000 shares25,44,000 shares

Bids Received (Subscription)

Bhakti Gems IPO subscribed 2.82x in total, whereas Globe Textiles IPO subscribed 2.62x.

 Bhakti Gems IPOGlobe Textiles IPO
NII (times)0.00x1.50x
RII (times)0.00x3.74x
Total (times)2.82x2.62x

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