Associated Coaters IPO vs GP Eco Solutions IPO

Comparison between Associated Coaters IPO and GP Eco Solutions IPO.

IPO Details

Associated Coaters IPO is a SME Bookbuilding IPO proposed to list at BSE SME while GP Eco Solutions IPO is a SME Bookbuilding proposed to list at NSE SME.

Issue Size and Price

The total issue size of Associated Coaters IPO is up to ₹4.31 Cr whereas the issue size of the GP Eco Solutions IPO is up to ₹27.71 Cr. The final issue price of Associated Coaters IPO is ₹121.00 per share and of GP Eco Solutions IPO is ₹94.00 per share.

 Associated Coaters IPOGP Eco Solutions IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹90.00 per share
Issue Price (Upper)₹94.00 per share
Issue Price (Final)₹121.00 per share₹94.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1000 shares1200 shares
Fresh Issue Size3,56,000 shares29,48,400 shares
Fresh Issue Size (Amount)up to ₹4.31 Crup to ₹27.71 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total3,56,000 shares29,48,400 shares
Issue Size Total (Amount)up to ₹4.31 Crup to ₹27.71 Cr

IPO Timetable

Associated Coaters IPO opens on May 30, 2024, while GP Eco Solutions IPO opens on Jun 14, 2024. The closing date of Associated Coaters IPO and GP Eco Solutions IPO is Jun 03, 2024, and Jun 19, 2024, respectively.

 Associated Coaters IPOGP Eco Solutions IPO
Anchor Bid DateJun 13, 2024
Issue OpenMay 30, 2024Jun 14, 2024
Issue CloseJun 03, 2024Jun 19, 2024
Basis Of Allotment (Tentative)Jun 04, 2024Jun 20, 2024
Initiation of Refunds (Tentative)Jun 05, 2024Jun 21, 2024
Credit of Share (Tentative)Jun 05, 2024Jun 21, 2024
Listing date (Tentative)Jun 06, 2024Jun 24, 2024
Anchor Lockin End date 1Jul 20, 2024
Anchor Lockin End date 2Sep 18, 2024

Financials & KPIs

Associated Coaters IPO P/E ratio is 20.72, as compared to GP Eco Solutions IPO P/E ratio of 21.44.

 Associated Coaters IPOGP Eco Solutions IPO
Financials

Company Financials (Restated)

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets3.652.962.020.03
Total Income3.973.591.39
Profit After Tax0.760.540.14-0.00
NET Worth1.410.700.160.02
Reserves and Surplus0.480.670.13-0.01
Total Borrowing0.100.100.100.00
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets47.2947.1519.0514.30
Total Income78.59104.4883.5346.53
Profit After Tax4.733.702.770.97
NET Worth12.988.254.551.78
Reserves and Surplus5.788.054.351.58
Total Borrowing15.4513.175.183.51
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100.0086.4
Promoter Shareholding (Post-Issue)68.7962.23
P/E Ratio20.7221.44
Market Cap₹16.36 Cr.₹110.08 Cr.
ROE71.66%44.59%
ROCE68.30%26.51%
Debt/Equity0.071.11
EPS₹5.84₹4.38
RoNW53.69%42.70%

Shares Offered

In the Associated Coaters IPO Retail Individual Investors (RII) are offered 1,78,000 shares while in GP Eco Solutions IPO retail investors are offered 1,78,000 shares. Qualified Institutional Buyers (QIB) are offered in Associated Coaters IPO and 5,89,200 shares in GP Eco Solutions IPO.

 Associated Coaters IPOGP Eco Solutions IPO
Anchor Investor Reservation8,83,200 shares
Market Maker Reservation66,000 shares3,27,600 shares
QIB5,89,200 shares
NII1,78,000 shares4,44,000 shares
RII1,78,000 shares10,32,000 shares
Employee
Others
Total3,56,000 shares29,48,400 shares

Bids Received (Subscription)

Associated Coaters IPO subscribed 371.14x in total, whereas GP Eco Solutions IPO subscribed 856.21x.

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Associated Coaters IPO Vs GP Eco Solutions IPO