Comparison between Bright Solar IPO and Ganga Forging IPO.
IPO Details
Bright Solar IPO is a SME Fixed Price IPO proposed to list at NSE SME while Ganga Forging IPO is a SME Fixed Price proposed to list at NSE SME.
Issue Size and Price
The total issue size of Bright Solar IPO is up to ₹18.47 Cr whereas the issue size of the Ganga Forging IPO is up to ₹4.74 Cr. The final issue price of Bright Solar IPO is ₹36.00 per share and of Ganga Forging IPO is ₹21.00 per share.
IPO Timetable
Bright Solar IPO opens on Jun 26, 2018, while Ganga Forging IPO opens on Jun 29, 2018. The closing date of Bright Solar IPO and Ganga Forging IPO is Jun 29, 2018, and Jul 03, 2018, respectively.
| | Bright Solar IPO | Ganga Forging IPO |
|---|
| Issue Open | Jun 26, 2018 | Jun 29, 2018 |
| Issue Close | Jun 29, 2018 | Jul 03, 2018 |
| Basis Of Allotment (Tentative) | Jul 04, 2018 | Jul 06, 2018 |
| Initiation of Refunds (Tentative) | Jul 06, 2018 | Jul 09, 2018 |
| Credit of Share (Tentative) | Jul 06, 2018 | Jul 10, 2018 |
| Listing date (Tentative) | Jul 09, 2018 | Jul 11, 2018 |
Financials & KPIs
Bright Solar IPO P/E ratio is , as compared to Ganga Forging IPO P/E ratio of .
Shares Offered
In the Bright Solar IPO Retail Individual Investors (RII) are offered 25,65,000 shares while in Ganga Forging IPO retail investors are offered 25,65,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Bright Solar IPO and 0 shares in Ganga Forging IPO.
| | Bright Solar IPO | Ganga Forging IPO |
|---|
| Anchor Investor Reservation | 0 shares | 0 shares |
| Market Maker Reservation | 2,70,000 shares | 1,26,000 shares |
| QIB | 0 shares | 0 shares |
| NII | 25,65,000 shares | 11,28,000 shares |
| RII | 25,65,000 shares | 11,28,000 shares |
| Employee | 0 shares | 0 shares |
| Total | 51,30,000 shares | 22,56,000 shares |
Bids Received (Subscription)
Bright Solar IPO subscribed 1.85x in total, whereas Ganga Forging IPO subscribed 1.88x.
