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Bright Solar IPO vs Rajnish Wellness IPO

Comparison between Bright Solar IPO and Rajnish Wellness IPO.

IPO Details

Bright Solar IPO is a SME Fixed Price IPO proposed to list at NSE SME while Rajnish Wellness IPO is a SME Fixed Price proposed to list at BSE SME.

 Bright Solar IPORajnish Wellness IPO
LogoBright Solar IPO LogoRajnish Wellness IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersSwastika Investmart Ltd.Navigant Corporate Advisors Ltd.
RegistrarAlankit Assignments Ltd.Bigshare Services Pvt.Ltd.
Market MakerBeeline Broking Ltd.Monarch Networth Capital Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Bright Solar IPO is up to ₹18.47 Cr whereas the issue size of the Rajnish Wellness IPO is up to ₹11.38 Cr. The final issue price of Bright Solar IPO is ₹36.00 per share and of Rajnish Wellness IPO is ₹95.00 per share.

 Bright Solar IPORajnish Wellness IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹36.00 per share₹95.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size3000 shares1200 shares
Fresh Issue Size51,30,000 shares11,97,600 shares
Fresh Issue Size (Amount)up to ₹18.47 Crup to ₹11.38 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total51,30,000 shares11,97,600 shares
Issue Size Total (Amount)up to ₹18.47 Crup to ₹11.38 Cr

IPO Timetable

Bright Solar IPO opens on Jun 26, 2018, while Rajnish Wellness IPO opens on Jun 25, 2018. The closing date of Bright Solar IPO and Rajnish Wellness IPO is Jun 29, 2018, and Jun 29, 2018, respectively.

 Bright Solar IPORajnish Wellness IPO
Anchor Bid Date
Issue OpenJun 26, 2018Jun 25, 2018
Issue CloseJun 29, 2018Jun 29, 2018
Basis Of Allotment (Tentative)Jul 04, 2018
Initiation of Refunds (Tentative)Jul 06, 2018
Credit of Share (Tentative)Jul 06, 2018
Listing date (Tentative)Jul 09, 2018Jul 09, 2018
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Bright Solar IPO P/E ratio is , as compared to Rajnish Wellness IPO P/E ratio of .

 Bright Solar IPORajnish Wellness IPO
Financials
Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 3,309.49 2,212.31 3,892.34 818.82 1,978.49
Total Revenue 1,812.99 1,547.06 4,784.25 2,846.13 2,239.93
Profit After Tax 171.11 70.53 196.87 54.29 38.02
Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
28-Feb-18 31-Mar-17 31-Mar-16
Total Assets 1,782.44 837.92 530.35
Total Revenue 2,423.22 2,529.63 1,315.88
Profit After Tax 161.87 63.87 32.34
Promoter Shareholding (Pre-Issue)
Promoter Shareholding (Post-Issue)
P/E Ratio
Market Cap
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Bright Solar IPO Retail Individual Investors (RII) are offered 25,65,000 shares while in Rajnish Wellness IPO retail investors are offered 25,65,000 shares. Qualified Institutional Buyers (QIB) are offered in Bright Solar IPO and in Rajnish Wellness IPO.

 Bright Solar IPORajnish Wellness IPO
Anchor Investor Reserveration
Market Maker Reserveration2,70,000 shares63,600 shares
QIB
NII25,65,000 shares5,98,800 shares
RII25,65,000 shares5,98,800 shares
Employee
Others
Total51,30,000 shares11,97,600 shares

Bids Received (Subscription)

Bright Solar IPO subscribed 1.85x in total, whereas Rajnish Wellness IPO subscribed 1.13x.

 Bright Solar IPORajnish Wellness IPO
QIB (times)
NII (times)2.21x2.02x
Big NII (times)
Small NII (times)
RII (times)1.49x0.23x
Employee (times)
Other (times)
Total (times)1.85x1.13x