B.R.Goyal Infrastructure IPO vs EMA Partners IPO

Comparison between B.R.Goyal Infrastructure IPO and EMA Partners IPO.

IPO Details

B.R.Goyal Infrastructure IPO is a SME Bookbuilding IPO proposed to list at BSE SME while EMA Partners IPO is a SME Bookbuilding proposed to list at NSE SME.

	B.R.Goyal Infrastructure IPO	EMA Partners IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	BSE SME	NSE SME
Lead Managers	Beeline Capital Advisors Pvt.Ltd.	Indorient Financial Services Ltd.
Registrar	MUFG Intime India Pvt.Ltd.	Bigshare Services Pvt.Ltd.
Market Maker	Spread X Securities Pvt.Ltd.	Alacrity Securities Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of B.R.Goyal Infrastructure IPO is up to ₹80.95 Cr whereas the issue size of the EMA Partners IPO is up to ₹72.21 Cr. The final issue price of B.R.Goyal Infrastructure IPO is ₹135.00 per share and of EMA Partners IPO is ₹124.00 per share.

	B.R.Goyal Infrastructure IPO	EMA Partners IPO
Face Value	₹10 per share	₹5 per share
Issue Price (Lower)	₹128.00 per share	₹117.00 per share
Issue Price (Upper)	₹135.00 per share	₹124.00 per share
Issue Price (Final)	₹135.00 per share	₹124.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	1000 shares	1000 shares
Fresh Issue Size	59,96,000 shares	50,27,000 shares
Fresh Issue Size (Amount)	up to ₹80.95 Cr	up to ₹62.33 Cr
OFS Issue Size	0 shares	7,96,000 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹9.87 Cr
Issue Size Total	59,96,000 shares	58,23,000 shares
Issue Size Total (Amount)	up to ₹80.95 Cr	up to ₹72.21 Cr

IPO Timetable

B.R.Goyal Infrastructure IPO opens on Jan 07, 2025, while EMA Partners IPO opens on Jan 17, 2025. The closing date of B.R.Goyal Infrastructure IPO and EMA Partners IPO is Jan 09, 2025, and Jan 21, 2025, respectively.

	B.R.Goyal Infrastructure IPO	EMA Partners IPO
Anchor Bid Date	Jan 06, 2025	Jan 16, 2025
Issue Open	Jan 07, 2025	Jan 17, 2025
Issue Close	Jan 09, 2025	Jan 21, 2025
Basis Of Allotment (Tentative)	Jan 10, 2025	Jan 22, 2025
Initiation of Refunds (Tentative)	Jan 13, 2025	Jan 23, 2025
Credit of Share (Tentative)	Jan 13, 2025	Jan 23, 2025
Listing date (Tentative)	Jan 14, 2025	Jan 24, 2025
Anchor Lockin End date 1	Feb 08, 2025	Feb 21, 2025
Anchor Lockin End date 2	Apr 09, 2025	Apr 22, 2025

Financials & KPIs

B.R.Goyal Infrastructure IPO P/E ratio is 10.8, as compared to EMA Partners IPO P/E ratio of 15.56.

B.R.Goyal Infrastructure IPO

EMA Partners IPO

Financials

B.R.Goyal Infrastructure Limited Financial Information (Restated Consolidated)

Period Ended	31 Jul 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	26,999.85	23,948.52	19,725.84	20,338.54
Total Income	15,686.45	59,619.2	35,329.74	22,863.32
Profit After Tax	194.46	2,188.91	1,733.51	756.09
Net Worth	12,863.48	12,666.79	10,479.04	8,746.91
Reserves and Surplus	11,124.2	11,797.15	9,609.4	7,877.27
Total Borrowing	6,411.09	4,947.28	4,163.54	5,340.28
Amount in ₹ Lakhs

EMA Partners India Limited Financial Information (Restated Consolidated)

Period Ended	31 Jul 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	7,504.71	7,659.05	5,326.29	5,850.27
Total Income	2,632.9	6,883.45	5,106.16	5,786.52
Profit After Tax	437.22	1,427.3	307.07	1,127.06
Net Worth	5,782.72	5,373.95	3,945.52	3,888.45
Reserves and Surplus	5,806.16	5,397.32	3,992.52	3,939.14
Total Borrowing	723.5	758.02	55.97	389.55
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.31

86.14

Promoter Shareholding (Post-Issue)

63.27

P/E Ratio

10.8

15.56

Market Cap

₹321.63 Cr.

₹288.26 Cr.

ROE

18.91%

ROCE

19.72%

Debt/Equity

0.50

EPS

₹12.50

₹7.97

RoNW

18.91%

30.63%

Shares Offered

In the B.R.Goyal Infrastructure IPO Retail Individual Investors (RII) are offered 20,86,000 shares while in EMA Partners IPO retail investors are offered 20,86,000 shares. Qualified Institutional Buyers (QIB) are offered 11,92,000 shares in B.R.Goyal Infrastructure IPO and 11,64,000 shares in EMA Partners IPO.

	B.R.Goyal Infrastructure IPO	EMA Partners IPO
Anchor Investor Reserveration	17,86,000 shares	17,46,000 shares
Market Maker Reserveration	3,16,000 shares	3,07,000 shares
QIB	11,92,000 shares	11,64,000 shares
NII	8,94,000 shares	8,74,000 shares
RII	20,86,000 shares	20,39,000 shares
Employee	38,000 shares	0 shares
Others
Total	59,96,000 shares	58,23,000 shares

Bids Received (Subscription)

B.R.Goyal Infrastructure IPO subscribed 118.08x in total, whereas EMA Partners IPO subscribed 221.06x.

	B.R.Goyal Infrastructure IPO	EMA Partners IPO
QIB (times)	69.88x	147.69x
NII (times)	256.90x	444.08x
Big NII (times)
Small NII (times)
RII (times)	88.27x	167.35x
Employee (times)	1.11x
Other (times)
Total (times)	118.08x	221.06x

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