Earthstahl IPO vs Gayatri Rubbers IPO

Comparison between Earthstahl IPO and Gayatri Rubbers IPO.

IPO Details

Earthstahl IPO is a SME Fixed Price IPO proposed to list at BSE SME while Gayatri Rubbers IPO is a SME Fixed Price proposed to list at NSE SME.

	Earthstahl IPO	Gayatri Rubbers IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Fixed Price
Listing At	BSE SME	NSE SME
Lead Managers	Hem Securities Ltd.	Khambatta Securities Ltd.
Registrar	Bigshare Services Pvt.Ltd.	Skyline Financial Services Pvt.Ltd.
Market Maker	Hem Securities Ltd.	Khambatta Securities Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Earthstahl IPO is up to ₹12.29 Cr whereas the issue size of the Gayatri Rubbers IPO is up to ₹4.34 Cr. The final issue price of Earthstahl IPO is ₹40.00 per share and of Gayatri Rubbers IPO is ₹30.00 per share.

	Earthstahl IPO	Gayatri Rubbers IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹38.00 per share
Issue Price (Upper)	₹40.00 per share
Issue Price (Final)	₹40.00 per share	₹30.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	3000 shares	4000 shares
Fresh Issue Size	30,72,000 shares	14,48,000 shares
Fresh Issue Size (Amount)	up to ₹12.29 Cr	up to ₹4.34 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	30,72,000 shares	14,48,000 shares
Issue Size Total (Amount)	up to ₹12.29 Cr	up to ₹4.34 Cr

IPO Timetable

Earthstahl IPO opens on Jan 27, 2023, while Gayatri Rubbers IPO opens on Jan 25, 2023. The closing date of Earthstahl IPO and Gayatri Rubbers IPO is Jan 31, 2023, and Jan 30, 2023, respectively.

	Earthstahl IPO	Gayatri Rubbers IPO
Anchor Bid Date
Issue Open	Jan 27, 2023	Jan 25, 2023
Issue Close	Jan 31, 2023	Jan 30, 2023
Basis Of Allotment (Tentative)	Feb 03, 2023	Feb 02, 2023
Initiation of Refunds (Tentative)	Feb 06, 2023	Feb 03, 2023
Credit of Share (Tentative)	Feb 07, 2023	Feb 06, 2023
Listing date (Tentative)	Feb 08, 2023	Feb 07, 2023
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Earthstahl IPO P/E ratio is 4.22, as compared to Gayatri Rubbers IPO P/E ratio of 23.62.

Earthstahl IPO

Gayatri Rubbers IPO

Financials

Earthstahl & Alloys Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	2,990.73	3,181.58	-33.49	44.24	200.22	1,733.71
31-Mar-21	2,817.23	2,457.53	267.31	311.55	467.53	1,396.82
31-Mar-22	3,592.61	4,907.54	745.48	1,057.03	1,213.01	1,399.97
30-Sep-22	4,303.34	4,824.68	580.47	1,637.50	1,793.48	1,092.93
Amount in ₹ Lakhs

Gayatri Rubbers and Chemicals Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	597.65	656.91	6.75	23.56	7.87	0.00
31-Mar-21	556.56	1,563.08	14.53	171.52	22.39	0.00
31-Mar-22	497.77	1,673.73	81.01	155.41	103.40	263.40
14-Apr-22	573.44	120.80	30.69	185.01	134.09	262.58
31-Dec-22	898.47	1,664.84	54.81	462.19	41.19	78.97
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00

Promoter Shareholding (Post-Issue)

73.53

73.37

P/E Ratio

4.22

23.62

Market Cap

₹48.96 Cr.

₹17.21 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Earthstahl IPO Retail Individual Investors (RII) are offered 10,77,000 shares while in Gayatri Rubbers IPO retail investors are offered 10,77,000 shares. Qualified Institutional Buyers (QIB) are offered 9,18,000 shares in Earthstahl IPO and in Gayatri Rubbers IPO.

	Earthstahl IPO	Gayatri Rubbers IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,68,000 shares	80,000 shares
QIB	9,18,000 shares
NII	10,77,000 shares	7,24,000 shares
RII	10,77,000 shares	7,24,000 shares
Employee
Others
Total	30,72,000 shares	14,48,000 shares

Bids Received (Subscription)

Earthstahl IPO subscribed 235.18x in total, whereas Gayatri Rubbers IPO subscribed 37.94x.

	Earthstahl IPO	Gayatri Rubbers IPO
QIB (times)	39.83x
NII (times)	445.09x	33.65x
Big NII (times)
Small NII (times)
RII (times)	191.77x	42.23x
Employee (times)
Other (times)
Total (times)	235.18x	37.94x

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Lead Reclaim IPO	Patron Exim IPO
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Gayatri Rubbers IPO	Shera Energy IPO
Transvoy Logistics IPO	Earthstahl IPO
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