Globe Textiles IPO vs Vadivarhe Speciality Chemicals IPO

Comparison between Globe Textiles IPO and Vadivarhe Speciality Chemicals IPO.

IPO Details

Globe Textiles IPO is a SME Fixed Price IPO proposed to list at NSE SME while Vadivarhe Speciality Chemicals 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 Vadivarhe Speciality Chemicals IPO is up to ₹13.71 Cr. The final issue price of Globe Textiles IPO is ₹51.00 per share and of Vadivarhe Speciality Chemicals IPO is ₹42.00 per share.

 Globe Textiles IPOVadivarhe Speciality Chemicals IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹51.00 per share₹42.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size2000 shares3000 shares
Fresh Issue Size12,24,000 shares5,09,000 shares
Fresh Issue Size (Amount)up to ₹6.24 Crup to ₹2.14 Cr
OFS Issue Size13,20,000 shares27,55,000 shares
OFS Issue Size (Amount)up to ₹6.73 Crup to ₹11.57 Cr
Issue Size Total25,44,000 shares32,64,000 shares
Issue Size Total (Amount)up to ₹12.97 Crup to ₹13.71 Cr

IPO Timetable

Globe Textiles IPO opens on Jun 12, 2017, while Vadivarhe Speciality Chemicals IPO opens on May 22, 2017. The closing date of Globe Textiles IPO and Vadivarhe Speciality Chemicals IPO is Jun 15, 2017, and May 25, 2017, respectively.

 Globe Textiles IPOVadivarhe Speciality Chemicals IPO
Issue OpenJun 12, 2017May 22, 2017
Issue CloseJun 15, 2017May 25, 2017
Basis Of Allotment (Tentative)Jun 20, 2017May 30, 2017
Listing date (Tentative)Jun 23, 2017Jun 02, 2017

Financials & KPIs

Globe Textiles IPO P/E ratio is , as compared to Vadivarhe Speciality Chemicals IPO P/E ratio of .

 Globe Textiles IPOVadivarhe Speciality Chemicals 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)

Period Ended31 Mar 201731 Mar 201631 Mar 2015
Assets45.4134.0529.43
Total Income35.3726.4319.13
Profit After Tax5.793.383.98
NET Worth23.6917.9014.52
Reserves and Surplus11.5913.069.68
Total Borrowing11.208.5711.24
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100%99.81%
Promoter Shareholding (Post-Issue)73.32%72.88%
Market Cap₹51.39 Cr.₹53.69 Cr.

Shares Offered

In the Globe Textiles IPO Retail Individual Investors (RII) are offered 12,72,000 shares while in Vadivarhe Speciality Chemicals 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 Vadivarhe Speciality Chemicals IPO.

 Globe Textiles IPOVadivarhe Speciality Chemicals IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation1,44,000 shares1,80,000 shares
QIB0 shares0 shares
NII12,72,000 shares16,32,000 shares
RII12,72,000 shares16,32,000 shares
Employee0 shares0 shares
Total25,44,000 shares32,64,000 shares

Bids Received (Subscription)

Globe Textiles IPO subscribed 2.62x in total, whereas Vadivarhe Speciality Chemicals IPO subscribed 42.89x.

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