Comparison between Bright Solar IPO and Ganga Forging IPO.
Bright Solar IPO is a SME Fixed Price IPO proposed to list at NSE SME while Ganga Forging IPO is a SME Fixed Price proposed to list at NSE SME.
| Bright Solar IPO | Ganga Forging IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Fixed Price |
| Listing At | NSE SME | NSE SME |
| Lead Managers | Swastika Investmart Ltd. | Pantomath Capital Advisors Pvt.Ltd. |
| Registrar | Alankit Assignments Ltd. | MUFG Intime India Pvt.Ltd. |
| Market Maker | Beeline Broking Ltd. | Pantomath Stock Brokers Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | ||
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Bright Solar IPO is up to ₹18.47 Cr whereas the issue size of the Ganga Forging IPO is up to ₹4.74 Cr. The final issue price of Bright Solar IPO is ₹36.00 per share and of Ganga Forging IPO is ₹21.00 per share.
| Bright Solar IPO | Ganga Forging IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ||
| Issue Price (Upper) | ||
| Issue Price (Final) | ₹36.00 per share | ₹21.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 3000 shares | 6000 shares |
| Fresh Issue Size | 51,30,000 shares | 22,56,000 shares |
| Fresh Issue Size (Amount) | up to ₹18.47 Cr | up to ₹4.74 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 51,30,000 shares | 22,56,000 shares |
| Issue Size Total (Amount) | up to ₹18.47 Cr | up to ₹4.74 Cr |
Bright Solar IPO opens on Jun 26, 2018, while Ganga Forging IPO opens on Jun 29, 2018. The closing date of Bright Solar IPO and Ganga Forging IPO is Jun 29, 2018, and Jul 03, 2018, respectively.
| Bright Solar IPO | Ganga Forging IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Jun 26, 2018 | Jun 29, 2018 |
| Issue Close | Jun 29, 2018 | Jul 03, 2018 |
| Basis Of Allotment (Tentative) | Jul 04, 2018 | Jul 06, 2018 |
| Initiation of Refunds (Tentative) | Jul 06, 2018 | Jul 09, 2018 |
| Credit of Share (Tentative) | Jul 06, 2018 | Jul 10, 2018 |
| Listing date (Tentative) | Jul 09, 2018 | Jul 11, 2018 |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
Bright Solar IPO P/E ratio is , as compared to Ganga Forging IPO P/E ratio of .
| Bright Solar IPO | Ganga Forging IPO | |||||
|---|---|---|---|---|---|---|
| Financials | Company Financials ()
| Company Financials ()
| ||||
| Promoter Shareholding (Pre-Issue) | ||||||
| Promoter Shareholding (Post-Issue) | ||||||
| P/E Ratio | ||||||
| Market Cap | ₹73.44 Cr. | ₹16.69 Cr. | ||||
| ROE | ||||||
| ROCE | ||||||
| Debt/Equity | ||||||
| EPS | ||||||
| RoNW |
In the Bright Solar IPO Retail Individual Investors (RII) are offered 25,65,000 shares while in Ganga Forging IPO retail investors are offered 25,65,000 shares. Qualified Institutional Buyers (QIB) are offered in Bright Solar IPO and in Ganga Forging IPO.
| Bright Solar IPO | Ganga Forging IPO | |
|---|---|---|
| Anchor Investor Reservation | ||
| Market Maker Reservation | 2,70,000 shares | 1,26,000 shares |
| QIB | ||
| NII | 25,65,000 shares | 11,28,000 shares |
| RII | 25,65,000 shares | 11,28,000 shares |
| Employee | ||
| Others | ||
| Total | 51,30,000 shares | 22,56,000 shares |
Bright Solar IPO subscribed 1.85x in total, whereas Ganga Forging IPO subscribed 1.88x.
| Bright Solar IPO | Ganga Forging IPO | |
|---|---|---|
| QIB (times) | ||
| NII (times) | 2.21x | 0.84x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 1.49x | 2.80x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 1.85x | 1.88x |
