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GM Polyplast IPO vs Sigma Solve IPO

Comparison between GM Polyplast IPO and Sigma Solve IPO.

IPO Details

GM Polyplast IPO is a SME Fixed Price IPO proposed to list at BSE SME while Sigma Solve IPO is a SME Fixed Price proposed to list at NSE SME.

 GM Polyplast IPOSigma Solve IPO
LogoGM Polyplast IPO LogoSigma Solve IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMENSE SME
Lead ManagersGretex Corporate Services Ltd.Beeline Broking Ltd.
RegistrarBigshare Services Pvt.Ltd.MUFG Intime India Pvt.Ltd.
Market MakerGretex Share Broking Pvt.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 GM Polyplast IPO is up to ₹7.68 Cr whereas the issue size of the Sigma Solve IPO is up to ₹4.70 Cr. The final issue price of GM Polyplast IPO is ₹159.00 per share and of Sigma Solve IPO is ₹45.00 per share.

 GM Polyplast IPOSigma Solve IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹159.00 per share₹45.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size800 shares3000 shares
Fresh Issue Size2,97,200 shares10,44,000 shares
Fresh Issue Size (Amount)up to ₹4.73 Crup to ₹4.70 Cr
OFS Issue Size1,86,000 shares0 shares
OFS Issue Size (Amount)up to ₹2.96 Crup to ₹0.00 Cr
Issue Size Total4,83,200 shares10,44,000 shares
Issue Size Total (Amount)up to ₹7.68 Crup to ₹4.70 Cr

IPO Timetable

GM Polyplast IPO opens on Sep 30, 2020, while Sigma Solve IPO opens on Sep 29, 2020. The closing date of GM Polyplast IPO and Sigma Solve IPO is Oct 06, 2020, and Oct 09, 2020, respectively.

 GM Polyplast IPOSigma Solve IPO
Anchor Bid Date
Issue OpenSep 30, 2020Sep 29, 2020
Issue CloseOct 06, 2020Oct 09, 2020
Basis Of Allotment (Tentative)Oct 09, 2020Oct 14, 2020
Initiation of Refunds (Tentative)Oct 13, 2020Oct 15, 2020
Credit of Share (Tentative)Oct 13, 2020Oct 15, 2020
Listing date (Tentative)Oct 14, 2020Oct 19, 2020
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

GM Polyplast IPO P/E ratio is , as compared to Sigma Solve IPO P/E ratio of .

 GM Polyplast IPOSigma Solve IPO
Financials
Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (Rs in Lacs)
31-Mar-20 31-Mar-19 31-Mar-18
Total Assets 2,482.68 2,537.03 2,533.25
Total Revenue 6,342.98 6,834.50 5,551.24
Profit After Tax 231.80 138.04 92.20
Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (Rs in Lacs)
31-Mar-20 31-Mar-19 31-Mar-18
Total Assets 498.25 226.25 112.17
Total Revenue 568.83 348.79 257.47
Profit After Tax 65.02 34.57 23.36
Promoter Shareholding (Pre-Issue)100100
Promoter Shareholding (Post-Issue)73.6573.24
P/E Ratio
Market Cap
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the GM Polyplast IPO Retail Individual Investors (RII) are offered 2,41,600 shares while in Sigma Solve IPO retail investors are offered 2,41,600 shares. Qualified Institutional Buyers (QIB) are offered in GM Polyplast IPO and in Sigma Solve IPO.

 GM Polyplast IPOSigma Solve IPO
Anchor Investor Reserveration
Market Maker Reserveration25,600 shares57,000 shares
QIB
NII2,41,600 shares5,22,000 shares
RII2,41,600 shares5,22,000 shares
Employee
Others
Total4,83,200 shares10,44,000 shares

Bids Received (Subscription)

GM Polyplast IPO subscribed 1.60x in total, whereas Sigma Solve IPO subscribed 1.59x.

 GM Polyplast IPOSigma Solve IPO
QIB (times)
NII (times)2.13x1.09x
Big NII (times)
Small NII (times)
RII (times)1.07x2.09x
Employee (times)
Other (times)
Total (times)1.60x1.59x