Globe Textiles IPO vs Pushpanjali Realms IPO

Comparison between Globe Textiles IPO and Pushpanjali Realms IPO.

IPO Details

Globe Textiles IPO is a SME Fixed Price IPO proposed to list at NSE SME while Pushpanjali Realms IPO is a SME Fixed Price proposed to list at NSE SME.

Issue Size and Price

The total issue size of Globe Textiles IPO is up to ₹12.97 Cr whereas the issue size of the Pushpanjali Realms IPO is up to ₹13.82 Cr. The final issue price of Globe Textiles IPO is ₹51.00 per share and of Pushpanjali Realms IPO is ₹55.00 per share.

 Globe Textiles IPOPushpanjali Realms IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹51.00 per share₹55.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size2000 shares2000 shares
Fresh Issue Size12,24,000 shares25,12,000 shares
Fresh Issue Size (Amount)up to ₹6.24 Crup to ₹13.82 Cr
OFS Issue Size13,20,000 shares0 shares
OFS Issue Size (Amount)up to ₹6.73 Crup to ₹0.00 Cr
Issue Size Total25,44,000 shares25,12,000 shares
Issue Size Total (Amount)up to ₹12.97 Crup to ₹13.82 Cr

IPO Timetable

Globe Textiles IPO opens on Jun 12, 2017, while Pushpanjali Realms IPO opens on Jun 27, 2017. The closing date of Globe Textiles IPO and Pushpanjali Realms IPO is Jun 15, 2017, and Jun 30, 2017, respectively.

 Globe Textiles IPOPushpanjali Realms IPO
Issue OpenJun 12, 2017Jun 27, 2017
Issue CloseJun 15, 2017Jun 30, 2017
Basis Of Allotment (Tentative)Jun 20, 2017Jul 05, 2017
Listing date (Tentative)Jun 23, 2017Jul 10, 2017

Financials & KPIs

Globe Textiles IPO P/E ratio is , as compared to Pushpanjali Realms IPO P/E ratio of .

 Globe Textiles IPOPushpanjali Realms IPO
Financials

Company Financials (Restated)

Period Ended31 Mar 201731 Mar 201631 Mar 2015
Assets110.1082.8270.65
Total Income191.86183.16175.26
Profit After Tax3.251.572.44
NET Worth24.8621.6220.04
Reserves and Surplus16.1518.7117.14
Total Borrowing51.8138.9529.05
Amount in ₹ Crore

Company Financials (Restated Standalone)

Period Ended31 Dec 201631 Mar 201631 Mar 201531 Mar 2014
Assets66.7147.4022.218.41
Total Income18.4822.1513.461.18
Profit After Tax1.181.390.430.02
NET Worth7.526.340.450.03
Reserves and Surplus2.611.430.440.02
Total Borrowing14.9018.6414.896.64
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100%78.57%
Promoter Shareholding (Post-Issue)73.32%57.81%
Market Cap₹51.39 Cr.₹55.06 Cr.

Shares Offered

In the Globe Textiles IPO Retail Individual Investors (RII) are offered 12,72,000 shares while in Pushpanjali Realms IPO retail investors are offered 12,72,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Globe Textiles IPO and 0 shares in Pushpanjali Realms IPO.

 Globe Textiles IPOPushpanjali Realms IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation1,44,000 shares1,34,000 shares
QIB0 shares0 shares
NII12,72,000 shares12,56,000 shares
RII12,72,000 shares12,56,000 shares
Employee0 shares0 shares
Total25,44,000 shares25,12,000 shares

Bids Received (Subscription)

Globe Textiles IPO subscribed 2.62x in total, whereas Pushpanjali Realms IPO subscribed 1.14x.

 Globe Textiles IPOPushpanjali Realms IPO
NII (times)1.50x1.35x
RII (times)3.74x0.94x
Total (times)2.62x1.14x

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