Comparison between Globe Textiles IPO and Riddhi Corporate IPO.
Globe Textiles IPO is a SME Fixed Price IPO proposed to list at NSE SME while Riddhi Corporate IPO is a SME Fixed Price proposed to list at BSE SME.
| Globe Textiles IPO | Riddhi Corporate IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Fixed Price |
| Listing At | NSE SME | BSE SME |
| Lead Managers | Hem Securities Ltd. | Gretex Corporate Services Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | Purva Sharegistry (India) Pvt.Ltd. |
| Market Maker | Hem Finlease Pvt.Ltd. | Beeline Broking Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | ||
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Globe Textiles IPO is up to ₹12.97 Cr whereas the issue size of the Riddhi Corporate IPO is up to ₹11.70 Cr. The final issue price of Globe Textiles IPO is ₹51.00 per share and of Riddhi Corporate IPO is ₹130.00 per share.
| Globe Textiles IPO | Riddhi Corporate IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ||
| Issue Price (Upper) | ||
| Issue Price (Final) | ₹51.00 per share | ₹130.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 2000 shares | 1000 shares |
| Fresh Issue Size | 12,24,000 shares | 9,00,000 shares |
| Fresh Issue Size (Amount) | up to ₹6.24 Cr | up to ₹11.70 Cr |
| OFS Issue Size | 13,20,000 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹6.73 Cr | up to ₹0.00 Cr |
| Issue Size Total | 25,44,000 shares | 9,00,000 shares |
| Issue Size Total (Amount) | up to ₹12.97 Cr | up to ₹11.70 Cr |
Globe Textiles IPO opens on Jun 12, 2017, while Riddhi Corporate IPO opens on Jun 12, 2017. The closing date of Globe Textiles IPO and Riddhi Corporate IPO is Jun 15, 2017, and Jun 15, 2017, respectively.
| Globe Textiles IPO | Riddhi Corporate IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Jun 12, 2017 | Jun 12, 2017 |
| Issue Close | Jun 15, 2017 | Jun 15, 2017 |
| Basis Of Allotment (Tentative) | ||
| Initiation of Refunds (Tentative) | ||
| Credit of Share (Tentative) | ||
| Listing date (Tentative) | Jun 23, 2017 | Jun 22, 2017 |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
Globe Textiles IPO P/E ratio is , as compared to Riddhi Corporate IPO P/E ratio of 16.
| Globe Textiles IPO | Riddhi Corporate IPO | |||||
|---|---|---|---|---|---|---|
| Financials | Company Financials ()
| Company Financials ()
| ||||
| Promoter Shareholding (Pre-Issue) | ||||||
| Promoter Shareholding (Post-Issue) | ||||||
| P/E Ratio | 16 | |||||
| Market Cap | ₹51.39 Cr. | ₹42.25 Cr. | ||||
| ROE | ||||||
| ROCE | ||||||
| Debt/Equity | ||||||
| EPS | ||||||
| RoNW |
In the Globe Textiles IPO Retail Individual Investors (RII) are offered 12,72,000 shares while in Riddhi Corporate IPO retail investors are offered 12,72,000 shares. Qualified Institutional Buyers (QIB) are offered in Globe Textiles IPO and in Riddhi Corporate IPO.
| Globe Textiles IPO | Riddhi Corporate IPO | |
|---|---|---|
| Anchor Investor Reservation | ||
| Market Maker Reservation | 1,44,000 shares | 50,000 shares |
| QIB | ||
| NII | 12,72,000 shares | 4,50,000 shares |
| RII | 12,72,000 shares | 4,50,000 shares |
| Employee | ||
| Others | ||
| Total | 25,44,000 shares | 9,00,000 shares |
Globe Textiles IPO subscribed 2.62x in total, whereas Riddhi Corporate IPO subscribed 2.22x.
| Globe Textiles IPO | Riddhi Corporate IPO | |
|---|---|---|
| QIB (times) | ||
| NII (times) | 1.50x | 2.78x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 3.74x | 1.66x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 2.62x | 2.22x |
