Goldstar Power IPO vs Jash Engineering IPO

Comparison between Goldstar Power IPO and Jash Engineering IPO.

IPO Details

Goldstar Power IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Jash Engineering IPO is a SME Bookbuilding proposed to list at NSE SME.

Issue Size and Price

The total issue size of Goldstar Power IPO is up to ₹6.87 Cr whereas the issue size of the Jash Engineering IPO is up to ₹45.60 Cr. The final issue price of Goldstar Power IPO is ₹25.00 per share and of Jash Engineering IPO is ₹120.00 per share.

 Goldstar Power IPOJash Engineering IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹115.00 per share
Issue Price (Upper)₹120.00 per share
Issue Price (Final)₹25.00 per share₹120.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size6000 shares1200 shares
Fresh Issue Size27,48,000 shares20,60,798 shares
Fresh Issue Size (Amount)up to ₹6.87 Crup to ₹24.73 Cr
OFS Issue Size0 shares17,39,602 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹20.88 Cr
Issue Size Total27,48,000 shares38,00,400 shares
Issue Size Total (Amount)up to ₹6.87 Crup to ₹45.60 Cr

IPO Timetable

Goldstar Power IPO opens on Sep 27, 2017, while Jash Engineering IPO opens on Sep 28, 2017. The closing date of Goldstar Power IPO and Jash Engineering IPO is Sep 29, 2017, and Oct 03, 2017, respectively.

 Goldstar Power IPOJash Engineering IPO
Issue OpenSep 27, 2017Sep 28, 2017
Issue CloseSep 29, 2017Oct 03, 2017
Basis Of Allotment (Tentative)Oct 05, 2017Oct 06, 2017
Listing date (Tentative)Oct 10, 2017Oct 11, 2017

Financials & KPIs

Goldstar Power IPO P/E ratio is , as compared to Jash Engineering IPO P/E ratio of .

 Goldstar Power IPOJash Engineering IPO
Financials

Company Financials (Restated)

Period Ended31 Mar 201731 Mar 201631 Mar 2015
Assets33.7233.5438.09
Total Income54.9740.5141.30
Profit After Tax0.91-0.39-0.66
NET Worth11.4810.5710.96
Reserves and Surplus10.189.279.66
Total Borrowing12.2013.2814.24
Amount in ₹ Crore

Company Financials (Restated Standalone)

Period Ended31 Mar 201731 Mar 201631 Mar 2015
Assets182.49161.35157.44
Total Income147.83113.05112.01
Profit After Tax10.518.757.83
NET Worth89.3481.0274.06
Reserves and Surplus79.7671.4564.49
Total Borrowing39.9041.0833.52
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100.00%30.09%
Promoter Shareholding (Post-Issue)72.91%23.34%
Market Cap₹26.75 Cr.₹142.04 Cr.

Shares Offered

In the Goldstar Power IPO Retail Individual Investors (RII) are offered 13,74,000 shares while in Jash Engineering IPO retail investors are offered 13,74,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Goldstar Power IPO and 18,99,600 shares in Jash Engineering IPO.

 Goldstar Power IPOJash Engineering IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation1,50,000 shares2,00,400 shares
QIB0 shares18,99,600 shares
NII13,74,000 shares5,70,000 shares
RII13,74,000 shares13,30,800 shares
Employee0 shares0 shares
Total27,48,000 shares38,00,400 shares

Bids Received (Subscription)

Goldstar Power IPO subscribed 1.41x in total, whereas Jash Engineering IPO subscribed 4.92x.

 Goldstar Power IPOJash Engineering IPO
QIB (times)2.70x
NII (times)2.14x18.83x
RII (times)0.69x2.12x
Total (times)1.41x4.92x

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Goldstar Power IPO Vs Jash Engineering IPO