Dindigul Farm Product IPO vs GP Eco Solutions IPO

Comparison between Dindigul Farm Product IPO and GP Eco Solutions IPO.

IPO Details

Dindigul Farm Product IPO is a SME Bookbuilding IPO proposed to list at BSE SME while GP Eco Solutions IPO is a SME Bookbuilding proposed to list at NSE SME.

Issue Size and Price

The total issue size of Dindigul Farm Product IPO is up to ₹33.07 Cr whereas the issue size of the GP Eco Solutions IPO is up to ₹27.71 Cr. The final issue price of Dindigul Farm Product IPO is ₹54.00 per share and of GP Eco Solutions IPO is ₹94.00 per share.

 Dindigul Farm Product IPOGP Eco Solutions IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹51.00 per share₹90.00 per share
Issue Price (Upper)₹54.00 per share₹94.00 per share
Issue Price (Final)₹54.00 per share₹94.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares1200 shares
Fresh Issue Size61,24,000 shares29,48,400 shares
Fresh Issue Size (Amount)up to ₹33.07 Crup to ₹27.71 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total61,24,000 shares29,48,400 shares
Issue Size Total (Amount)up to ₹33.07 Crup to ₹27.71 Cr

IPO Timetable

Dindigul Farm Product IPO opens on Jun 20, 2024, while GP Eco Solutions IPO opens on Jun 14, 2024. The closing date of Dindigul Farm Product IPO and GP Eco Solutions IPO is Jun 24, 2024, and Jun 19, 2024, respectively.

 Dindigul Farm Product IPOGP Eco Solutions IPO
Anchor Bid DateJun 19, 2024Jun 13, 2024
Issue OpenJun 20, 2024Jun 14, 2024
Issue CloseJun 24, 2024Jun 19, 2024
Basis Of Allotment (Tentative)Jun 25, 2024Jun 20, 2024
Initiation of Refunds (Tentative)Jun 26, 2024Jun 21, 2024
Credit of Share (Tentative)Jun 26, 2024Jun 21, 2024
Listing date (Tentative)Jun 27, 2024Jun 24, 2024
Anchor Lockin End date 1Jul 25, 2024Jul 20, 2024
Anchor Lockin End date 2Sep 23, 2024Sep 18, 2024

Financials & KPIs

Dindigul Farm Product IPO P/E ratio is 18.47, as compared to GP Eco Solutions IPO P/E ratio of 21.44.

 Dindigul Farm Product IPOGP Eco Solutions IPO
Financials

Company Financials (Restated)

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets51.2329.0029.9529.95
Total Income68.7781.9928.4518.41
Profit After Tax5.885.26-4.20-4.61
NET Worth3.94-16.38-21.63-17.43
Total Borrowing22.6423.9825.7927.16
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets47.2947.1519.0514.30
Total Income78.59104.4883.5346.53
Profit After Tax4.733.702.770.97
NET Worth12.988.254.551.78
Reserves and Surplus5.788.054.351.58
Total Borrowing15.4513.175.183.51
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)80.6686.4
Promoter Shareholding (Post-Issue)59.3662.23
P/E Ratio18.4721.44
Market Cap₹131.92 Cr.₹110.08 Cr.
ROE-9544.59%
ROCE6226.51%
Debt/Equity4.631.11
EPS₹2.92₹4.38
RoNW149.3642.70%

Shares Offered

In the Dindigul Farm Product IPO Retail Individual Investors (RII) are offered 21,44,000 shares while in GP Eco Solutions IPO retail investors are offered 21,44,000 shares. Qualified Institutional Buyers (QIB) are offered 12,26,000 shares in Dindigul Farm Product IPO and 5,89,200 shares in GP Eco Solutions IPO.

 Dindigul Farm Product IPOGP Eco Solutions IPO
Anchor Investor Reservation18,34,000 shares8,83,200 shares
Market Maker Reservation3,26,000 shares3,27,600 shares
QIB12,26,000 shares5,89,200 shares
NII9,20,000 shares4,44,000 shares
RII21,44,000 shares10,32,000 shares
Employee
Others
Total61,24,000 shares29,48,400 shares

Bids Received (Subscription)

Dindigul Farm Product IPO subscribed 202.35x in total, whereas GP Eco Solutions IPO subscribed 856.21x.

 Dindigul Farm Product IPOGP Eco Solutions IPO
QIB (times)145.62x236.64x
NII (times)280.06x1,824.87x
Big NII (times)
Small NII (times)
RII (times)201.44x793.20x
Employee (times)
Other (times)
Total (times)202.35x856.21x

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