Goldstar Power IPO vs RKEC Projects IPO

Comparison between Goldstar Power IPO and RKEC Projects IPO.

IPO Details

Goldstar Power IPO is a SME Fixed Price IPO proposed to list at NSE SME while RKEC Projects IPO is a SME Fixed Price 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 RKEC Projects IPO is up to ₹27.24 Cr. The final issue price of Goldstar Power IPO is ₹25.00 per share and of RKEC Projects IPO is ₹45.00 per share.

 Goldstar Power IPORKEC Projects IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹25.00 per share₹45.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size6000 shares3000 shares
Fresh Issue Size27,48,000 shares43,54,000 shares
Fresh Issue Size (Amount)up to ₹6.87 Crup to ₹19.59 Cr
OFS Issue Size0 shares17,00,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹7.65 Cr
Issue Size Total27,48,000 shares60,54,000 shares
Issue Size Total (Amount)up to ₹6.87 Crup to ₹27.24 Cr

IPO Timetable

Goldstar Power IPO opens on Sep 27, 2017, while RKEC Projects IPO opens on Sep 25, 2017. The closing date of Goldstar Power IPO and RKEC Projects IPO is Sep 29, 2017, and Sep 28, 2017, respectively.

 Goldstar Power IPORKEC Projects IPO
Issue OpenSep 27, 2017Sep 25, 2017
Issue CloseSep 29, 2017Sep 28, 2017
Basis Of Allotment (Tentative)Oct 05, 2017Oct 04, 2017
Listing date (Tentative)Oct 10, 2017Oct 09, 2017

Financials & KPIs

Goldstar Power IPO P/E ratio is , as compared to RKEC Projects IPO P/E ratio of .

 Goldstar Power IPORKEC Projects 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)

Period Ended31 Mar 201731 Mar 201631 Mar 2015
Assets112.53112.4956.40
Total Income200.12113.5171.75
Profit After Tax13.133.191.96
NET Worth39.0825.6322.43
Reserves and Surplus19.7715.9712.78
Total Borrowing0.4214.989.84
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100.00%99.99%
Promoter Shareholding (Post-Issue)72.91%73.41%
Market Cap₹26.75 Cr.₹107.96 Cr.

Shares Offered

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

 Goldstar Power IPORKEC Projects IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation1,50,000 shares3,24,000 shares
QIB0 shares0 shares
NII13,74,000 shares30,27,000 shares
RII13,74,000 shares30,27,000 shares
Employee0 shares0 shares
Total27,48,000 shares60,54,000 shares

Bids Received (Subscription)

Goldstar Power IPO subscribed 1.41x in total, whereas RKEC Projects IPO subscribed 19.15x.

 Goldstar Power IPORKEC Projects IPO
NII (times)2.14x30.37x
RII (times)0.69x7.92x
Total (times)1.41x19.15x

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