Comparison between Electrosteel Steels IPO and Gallantt Ispat IPO.
Electrosteel Steels IPO is a Mainboard Fixed Price IPO proposed to list at BSE, NSE while Gallantt Ispat IPO is a Mainboard Fixed Price proposed to list at BSE, NSE.
The total issue size of Electrosteel Steels IPO is up to ₹285.28 Cr whereas the issue size of the Gallantt Ispat IPO is up to ₹33.50 Cr. The final issue price of Electrosteel Steels IPO is ₹11.00 per share and of Gallantt Ispat IPO is ₹50.00 per share.
| Electrosteel Steels IPO | Gallantt Ispat IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹10.00 per share | |
| Issue Price (Upper) | ₹11.00 per share | |
| Issue Price (Final) | ₹11.00 per share | ₹50.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 600 shares | 125 shares |
| Fresh Issue Size | 25,93,43,616 shares | 67,00,208 shares |
| Fresh Issue Size (Amount) | up to ₹285.28 Cr | up to ₹33.50 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 | 25,93,43,616 shares | 67,00,208 shares |
| Issue Size Total (Amount) | up to ₹285.28 Cr | up to ₹33.50 Cr |
Electrosteel Steels IPO opens on Sep 21, 2010, while Gallantt Ispat IPO opens on Sep 22, 2010. The closing date of Electrosteel Steels IPO and Gallantt Ispat IPO is Sep 24, 2010, and Sep 24, 2010, respectively.
| Electrosteel Steels IPO | Gallantt Ispat IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Sep 21, 2010 | Sep 22, 2010 |
| Issue Close | Sep 24, 2010 | Sep 24, 2010 |
| Basis Of Allotment (Tentative) | ||
| Initiation of Refunds (Tentative) | ||
| Credit of Share (Tentative) | ||
| Listing date (Tentative) | Oct 08, 2010 | Oct 11, 2010 |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
Electrosteel Steels IPO P/E ratio is , as compared to Gallantt Ispat IPO P/E ratio of .
| Electrosteel Steels IPO | Gallantt Ispat IPO | |||||
|---|---|---|---|---|---|---|
| Financials | Company Financials ()
| Company Financials ()
| ||||
| Promoter Shareholding (Pre-Issue) | 34.41 | 92.77 | ||||
| Promoter Shareholding (Post-Issue) | 33.84 | 69.93 | ||||
| P/E Ratio | ||||||
| Market Cap | ₹2275.20 Cr. | ₹133.83 Cr. | ||||
| ROE | ||||||
| ROCE | ||||||
| Debt/Equity | ||||||
| EPS | ||||||
| RoNW |
In the Electrosteel Steels IPO Retail Individual Investors (RII) are offered 7,78,03,084 shares while in Gallantt Ispat IPO retail investors are offered 7,78,03,084 shares. Qualified Institutional Buyers (QIB) are offered 15,56,06,170 shares in Electrosteel Steels IPO and 6,70,000 shares in Gallantt Ispat IPO.
| Electrosteel Steels IPO | Gallantt Ispat IPO | |
|---|---|---|
| Anchor Investor Reservation | ||
| Market Maker Reservation | ||
| QIB | 15,56,06,170 shares | 6,70,000 shares |
| NII | 2,59,34,362 shares | 26,80,000 shares |
| RII | 7,78,03,084 shares | 33,50,000 shares |
| Employee | ||
| Others | ||
| Total | 25,93,43,616 shares | 67,00,000 shares |
Electrosteel Steels IPO subscribed 7.16x in total, whereas Gallantt Ispat IPO subscribed 1.68x.
| Electrosteel Steels IPO | Gallantt Ispat IPO | |
|---|---|---|
| QIB (times) | 5.10x | 3.23x |
| NII (times) | 24.85x | 1.76x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 5.38x | 1.30x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 7.16x | 1.68x |
