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Diksha Greens IPO vs Surani Steel Tubes IPO

Comparison between Diksha Greens IPO and Surani Steel Tubes IPO.

IPO Details

Diksha Greens IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Surani Steel Tubes IPO is a SME Bookbuilding proposed to list at NSE SME.

 Diksha Greens IPOSurani Steel Tubes IPO
LogoDiksha Greens IPO LogoSurani Steel Tubes IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersFinshore Management Services Ltd.Pantomath Capital Advisors Pvt.Ltd.
RegistrarCameo Corporate Services Ltd.MUFG Intime India Pvt.Ltd.
Market MakerNikunj Stock Brokers Ltd.Pantomath Stock Brokers Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Diksha Greens IPO is up to ₹12.65 Cr whereas the issue size of the Surani Steel Tubes IPO is up to ₹12.26 Cr. The final issue price of Diksha Greens IPO is ₹30.00 per share and of Surani Steel Tubes IPO is ₹52.00 per share.

 Diksha Greens IPOSurani Steel Tubes IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹51.00 per share
Issue Price (Upper)₹52.00 per share
Issue Price (Final)₹30.00 per share₹52.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size4000 shares2000 shares
Fresh Issue Size42,16,000 shares23,58,000 shares
Fresh Issue Size (Amount)up to ₹12.65 Crup to ₹12.26 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total42,16,000 shares23,58,000 shares
Issue Size Total (Amount)up to ₹12.65 Crup to ₹12.26 Cr

IPO Timetable

Diksha Greens IPO opens on Nov 26, 2018, while Surani Steel Tubes IPO opens on Jan 25, 2019. The closing date of Diksha Greens IPO and Surani Steel Tubes IPO is Nov 28, 2018, and Jan 29, 2019, respectively.

 Diksha Greens IPOSurani Steel Tubes IPO
Anchor Bid Date
Issue OpenNov 26, 2018Jan 25, 2019
Issue CloseNov 28, 2018Jan 29, 2019
Basis Of Allotment (Tentative)
Initiation of Refunds (Tentative)
Credit of Share (Tentative)
Listing date (Tentative)Dec 05, 2018Feb 06, 2019
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Diksha Greens IPO P/E ratio is , as compared to Surani Steel Tubes IPO P/E ratio of .

 Diksha Greens IPOSurani Steel Tubes IPO
Financials
Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
30-Sep-18 31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 3,095.12 2,464.57 3,230.98 1,850.08 2,057.95 2,133.56
Total Revenue 1,256.07 4,182.95 5,446.68 5,422.61 5,424.85 5,300.53
Profit After Tax 41.45 55.05 63.78 45.99 40.33 38.59
Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 3,528.36 2,836.35 2,298.30 1,594.83 1,541.34
Total Revenue 10,079.72 7,670.08 6,845.89 5,814.16 3,599.92
Profit After Tax 172.44 99.90 109.60 16.25 (2.99)
Promoter Shareholding (Pre-Issue)20,95,000 Shares (36.12)
Promoter Shareholding (Post-Issue)
P/E Ratio
Market Cap
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Diksha Greens IPO Retail Individual Investors (RII) are offered 21,08,000 shares while in Surani Steel Tubes IPO retail investors are offered 21,08,000 shares. Qualified Institutional Buyers (QIB) are offered in Diksha Greens IPO and in Surani Steel Tubes IPO.

 Diksha Greens IPOSurani Steel Tubes IPO
Anchor Investor Reserveration
Market Maker Reserveration2,24,000 shares1,26,000 shares
QIB
NII21,08,000 shares11,78,000 shares
RII21,08,000 shares11,80,000 shares
Employee
Others
Total42,16,000 shares23,58,000 shares

Bids Received (Subscription)

Diksha Greens IPO subscribed 1.07x in total, whereas Surani Steel Tubes IPO subscribed 1.55x.

 Diksha Greens IPOSurani Steel Tubes IPO
QIB (times)
NII (times)1.99x1.70x
Big NII (times)
Small NII (times)
RII (times)0.07x1.23x
Employee (times)
Other (times)
Total (times)1.07x1.55x