Destiny Logistics IPO vs Getalong Enterprise IPO

Comparison between Destiny Logistics IPO and Getalong Enterprise IPO.

IPO Details

Destiny Logistics IPO is a SME Fixed Price IPO proposed to list at NSE SME while Getalong Enterprise IPO is a SME Fixed Price proposed to list at BSE SME.

Issue Size and Price

The total issue size of Destiny Logistics IPO is up to ₹5.11 Cr whereas the issue size of the Getalong Enterprise IPO is up to ₹4.91 Cr. The final issue price of Destiny Logistics IPO is ₹20.00 per share and of Getalong Enterprise IPO is ₹69.00 per share.

 Destiny Logistics IPOGetalong Enterprise IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹20.00 per share₹69.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size6000 shares2000 shares
Fresh Issue Size25,56,000 shares7,12,000 shares
Fresh Issue Size (Amount)up to ₹5.11 Crup to ₹4.91 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total25,56,000 shares7,12,000 shares
Issue Size Total (Amount)up to ₹5.11 Crup to ₹4.91 Cr

IPO Timetable

Destiny Logistics IPO opens on Sep 30, 2021, while Getalong Enterprise IPO opens on Sep 27, 2021. The closing date of Destiny Logistics IPO and Getalong Enterprise IPO is Oct 05, 2021, and Sep 30, 2021, respectively.

 Destiny Logistics IPOGetalong Enterprise IPO
Issue OpenSep 30, 2021Sep 27, 2021
Issue CloseOct 05, 2021Sep 30, 2021
Basis Of Allotment (Tentative)Oct 08, 2021Oct 05, 2021
Initiation of Refunds (Tentative)Oct 11, 2021Oct 06, 2021
Credit of Share (Tentative)Oct 12, 2021Oct 07, 2021
Listing date (Tentative)Oct 13, 2021Oct 08, 2021

Financials & KPIs

Destiny Logistics IPO P/E ratio is , as compared to Getalong Enterprise IPO P/E ratio of .

 Destiny Logistics IPOGetalong Enterprise IPO
Financials

Company Financials (Restated)

Period Ended31 Mar 202131 Mar 202031 Mar 2019
Assets6.611.801.80
Total Income10.066.756.73
Profit After Tax0.300.050.05
EBITDA0.440.070.06
NET Worth1.000.700.65
Reserves and Surplus2.201.160.00
Total Borrowing3.750.900.91
Amount in ₹ Crore

Company Financials (Restated Standalone)

Period Ended31 Jul 202131 Mar 2021
Assets49.4553.49
Total Income7.9966.50
Profit After Tax0.830.86
EBITDA1.101.15
NET Worth3.512.69
Reserves and Surplus2.431.61
Total Borrowing0.870.06
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99.72%79.6%
Promoter Shareholding (Post-Issue)64.79%46.95%
Market Cap₹15.39 Cr.₹12.62 Cr.

Shares Offered

In the Destiny Logistics IPO Retail Individual Investors (RII) are offered 12,78,000 shares while in Getalong Enterprise IPO retail investors are offered 12,78,000 shares. Qualified Institutional Buyers (QIB) are offered in Destiny Logistics IPO and in Getalong Enterprise IPO.

 Destiny Logistics IPOGetalong Enterprise IPO
Market Maker Reservation1,38,000 shares38,000 shares
NII12,78,000 shares3,56,000 shares
RII12,78,000 shares3,56,000 shares
Total25,56,000 shares7,12,000 shares

Bids Received (Subscription)

Destiny Logistics IPO subscribed 4.78x in total, whereas Getalong Enterprise IPO subscribed 2.09x.

 Destiny Logistics IPOGetalong Enterprise IPO
NII (times)2.13x2.07x
RII (times)7.43x2.11x
Total (times)4.78x2.09x

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