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Gayatri Rubbers IPO vs Indong Tea IPO

Comparison between Gayatri Rubbers IPO and Indong Tea IPO.

IPO Details

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

 Gayatri Rubbers IPOIndong Tea IPO
LogoGayatri Rubbers IPO LogoIndong Tea IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersKhambatta Securities Ltd.Finshore Management Services Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Cameo Corporate Services Ltd.
Market MakerKhambatta Securities Ltd.Nikunj Stock Brokers Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Gayatri Rubbers IPO is up to ₹4.34 Cr whereas the issue size of the Indong Tea IPO is up to ₹12.36 Cr. The final issue price of Gayatri Rubbers IPO is ₹30.00 per share and of Indong Tea IPO is ₹26.00 per share.

 Gayatri Rubbers IPOIndong Tea IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹30.00 per share₹26.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size4000 shares4000 shares
Fresh Issue Size14,48,000 shares47,52,000 shares
Fresh Issue Size (Amount)up to ₹4.34 Crup to ₹12.36 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total14,48,000 shares47,52,000 shares
Issue Size Total (Amount)up to ₹4.34 Crup to ₹12.36 Cr

IPO Timetable

Gayatri Rubbers IPO opens on Jan 25, 2023, while Indong Tea IPO opens on Feb 09, 2023. The closing date of Gayatri Rubbers IPO and Indong Tea IPO is Jan 30, 2023, and Feb 13, 2023, respectively.

 Gayatri Rubbers IPOIndong Tea IPO
Anchor Bid Date
Issue OpenJan 25, 2023Feb 09, 2023
Issue CloseJan 30, 2023Feb 13, 2023
Basis Of Allotment (Tentative)Feb 02, 2023Feb 16, 2023
Initiation of Refunds (Tentative)Feb 03, 2023Feb 17, 2023
Credit of Share (Tentative)Feb 06, 2023Feb 20, 2023
Listing date (Tentative)Feb 07, 2023Feb 21, 2023
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Gayatri Rubbers IPO P/E ratio is 23.62, as compared to Indong Tea IPO P/E ratio of 9.52.

 Gayatri Rubbers IPOIndong Tea IPO
Financials
Gayatri Rubbers and Chemicals Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20597.65656.916.7523.567.870.00
31-Mar-21556.561,563.0814.53171.5222.390.00
31-Mar-22497.771,673.7381.01155.41103.40263.40
14-Apr-22573.44120.8030.69185.01134.09262.58
31-Dec-22898.471,664.8454.81462.1941.1978.97
Amount in ₹ Lakhs
Indong Tea Company Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-204,136.261,672.64-121.29-421.851,174.942,097.43
31-Mar-214,059.792,313.00127.56-294.301,302.491,841.74
31-Mar-224,324.961,992.97131.62863.681,971.48960.09
30-Sep-224,689.741,324.22204.611,068.292,176.091,047.42
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)100.0096.09
Promoter Shareholding (Post-Issue)73.3764.03
P/E Ratio23.629.52
Market Cap₹17.21 Cr.₹39.00 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Gayatri Rubbers IPO Retail Individual Investors (RII) are offered 7,24,000 shares while in Indong Tea IPO retail investors are offered 7,24,000 shares. Qualified Institutional Buyers (QIB) are offered in Gayatri Rubbers IPO and in Indong Tea IPO.

 Gayatri Rubbers IPOIndong Tea IPO
Anchor Investor Reserveration
Market Maker Reserveration80,000 shares5,04,000 shares
QIB
NII7,24,000 shares23,76,000 shares
RII7,24,000 shares23,76,000 shares
Employee
Others
Total14,48,000 shares47,52,000 shares

Bids Received (Subscription)

Gayatri Rubbers IPO subscribed 37.94x in total, whereas Indong Tea IPO subscribed 4.97x.

 Gayatri Rubbers IPOIndong Tea IPO
QIB (times)
NII (times)33.65x2.17x
Big NII (times)
Small NII (times)
RII (times)42.23x7.76x
Employee (times)
Other (times)
Total (times)37.94x4.97x