Gopal Snacks IPO vs SRM Contractors IPO

Comparison between Gopal Snacks IPO and SRM Contractors IPO.

IPO Details

Gopal Snacks IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while SRM Contractors IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of Gopal Snacks IPO is up to ₹650.00 Cr whereas the issue size of the SRM Contractors IPO is up to ₹130.20 Cr. The final issue price of Gopal Snacks IPO is ₹401.00 per share and of SRM Contractors IPO is ₹210.00 per share.

 Gopal Snacks IPOSRM Contractors IPO
Face Value₹1 per share₹10 per share
Issue Price (Lower)₹381.00 per share₹200.00 per share
Issue Price (Upper)₹401.00 per share₹210.00 per share
Issue Price (Final)₹401.00 per share₹210.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)₹38.00 per share
Market Lot Size37 shares70 shares
Fresh Issue Size0 shares62,00,000 shares
Fresh Issue Size (Amount)up to ₹0.00 Crup to ₹130.20 Cr
OFS Issue Size1,62,16,886 shares0 shares
OFS Issue Size (Amount)up to ₹650.00 Crup to ₹0.00 Cr
Issue Size Total1,62,16,886 shares62,00,000 shares
Issue Size Total (Amount)up to ₹650.00 Crup to ₹130.20 Cr

IPO Timetable

Gopal Snacks IPO opens on Mar 06, 2024, while SRM Contractors IPO opens on Mar 26, 2024. The closing date of Gopal Snacks IPO and SRM Contractors IPO is Mar 11, 2024, and Mar 28, 2024, respectively.

 Gopal Snacks IPOSRM Contractors IPO
Anchor Bid DateMar 05, 2024Mar 22, 2024
Issue OpenMar 06, 2024Mar 26, 2024
Issue CloseMar 11, 2024Mar 28, 2024
Basis Of Allotment (Tentative)Mar 12, 2024Apr 01, 2024
Initiation of Refunds (Tentative)Mar 13, 2024Apr 02, 2024
Credit of Share (Tentative)Mar 13, 2024Apr 02, 2024
Listing date (Tentative)Mar 14, 2024Apr 03, 2024
Anchor Lockin End date 1Apr 11, 2024May 01, 2024
Anchor Lockin End date 2Jun 10, 2024Jun 30, 2024

Financials & KPIs

Gopal Snacks IPO P/E ratio is 44.47, as compared to SRM Contractors IPO P/E ratio of 18.76.

 Gopal Snacks IPOSRM Contractors IPO
Financials

Company Financials (Restated)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets434.54461.28399.72341.89
Total Income677.971,398.541,356.481,129.84
Profit After Tax55.57112.3741.5421.12
NET Worth346.10290.88177.66135.74
Reserves and Surplus333.17277.60176.56135.03
Total Borrowing26.05106.37164.12138.99
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets168.87137.36120.22112.47
Total Income242.28300.65265.51161.95
Profit After Tax21.0718.7517.578.27
NET Worth37.2463.1644.4126.85
Reserves and Surplus67.4846.4142.8925.32
Total Borrowing42.3247.1631.5231.96
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)93.5099.92
Promoter Shareholding (Post-Issue)81.4972.92
P/E Ratio44.4718.76
Market Cap₹4996.64 Cr.₹481.83 Cr.
ROE16.05%
ROCE20.83%29.43%
Debt/Equity0.080.50
EPS₹9.02₹11.20
RoNW16.05%25.02%

Shares Offered

In the Gopal Snacks IPO Retail Individual Investors (RII) are offered 56,42,768 shares while in SRM Contractors IPO retail investors are offered 56,42,768 shares. Qualified Institutional Buyers (QIB) are offered 32,24,439 shares in Gopal Snacks IPO and 12,40,100 shares in SRM Contractors IPO.

 Gopal Snacks IPOSRM Contractors IPO
Anchor Investor Reservation48,36,657 shares18,59,900 shares
Market Maker Reservation
QIB32,24,439 shares12,40,100 shares
NII24,18,330 shares9,30,000 shares
RII56,42,768 shares21,70,000 shares
Employee96,418 shares
Others
Total1,62,18,612 shares62,00,000 shares

Bids Received (Subscription)

Gopal Snacks IPO subscribed 9.50x in total, whereas SRM Contractors IPO subscribed 86.57x.

 Gopal Snacks IPOSRM Contractors IPO
QIB (times)18.42x59.59x
NII (times)10.00x214.94x
Big NII (times)10.72x220.57x
Small NII (times)8.12x203.67x
RII (times)4.22x46.97x
Employee (times)7.27x
Other (times)
Total (times)9.50x86.57x

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