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GP Eco Solutions IPO vs Medicamen Organics IPO

Comparison between GP Eco Solutions IPO and Medicamen Organics IPO.

IPO Details

GP Eco Solutions IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Medicamen Organics IPO is a SME Bookbuilding proposed to list at NSE SME.

 GP Eco Solutions IPOMedicamen Organics IPO
LogoGP Eco Solutions IPO LogoMedicamen Organics IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersCorporate Capitalventures Pvt.Ltd.GYR Capital Advisors Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Kfin Technologies Ltd.
Market MakerSS Corporate Securities Ltd.Giriraj Stock Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of GP Eco Solutions IPO is up to ₹27.71 Cr whereas the issue size of the Medicamen Organics IPO is up to ₹9.96 Cr. The final issue price of GP Eco Solutions IPO is ₹94.00 per share and of Medicamen Organics IPO is ₹34.00 per share.

 GP Eco Solutions IPOMedicamen Organics IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹90.00 per share₹32.00 per share
Issue Price (Upper)₹94.00 per share₹34.00 per share
Issue Price (Final)₹94.00 per share₹34.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1200 shares4000 shares
Fresh Issue Size29,48,400 shares29,28,000 shares
Fresh Issue Size (Amount)up to ₹27.71 Crup to ₹9.96 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total29,48,400 shares29,28,000 shares
Issue Size Total (Amount)up to ₹27.71 Crup to ₹9.96 Cr

IPO Timetable

GP Eco Solutions IPO opens on Jun 14, 2024, while Medicamen Organics IPO opens on Jun 21, 2024. The closing date of GP Eco Solutions IPO and Medicamen Organics IPO is Jun 19, 2024, and Jun 25, 2024, respectively.

 GP Eco Solutions IPOMedicamen Organics IPO
Anchor Bid DateJun 13, 2024Jun 20, 2024
Issue OpenJun 14, 2024Jun 21, 2024
Issue CloseJun 19, 2024Jun 25, 2024
Basis Of Allotment (Tentative)Jun 20, 2024Jun 26, 2024
Initiation of Refunds (Tentative)Jun 21, 2024Jun 27, 2024
Credit of Share (Tentative)Jun 21, 2024Jun 27, 2024
Listing date (Tentative)Jun 24, 2024Jun 28, 2024
Anchor Lockin End date 1Jul 20, 2024Jul 26, 2024
Anchor Lockin End date 2Sep 18, 2024Sep 24, 2024

Financials & KPIs

GP Eco Solutions IPO P/E ratio is 21.44, as compared to Medicamen Organics IPO P/E ratio of 30.53.

 GP Eco Solutions IPOMedicamen Organics IPO
Financials

GP Eco Solutions India Limited Financial Information (Restated)

GP Eco Solutions India Limited's revenue increased by 25.08% and profit after tax (PAT) rose by 33.43% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets4,728.754,715.191,904.891,429.81
Total Income7,858.8810,447.638,352.994,652.91
Profit After Tax473.27369.82277.1796.94
Net Worth1,298.08824.81454.98177.81
Reserves and Surplus578.08804.81434.98157.81
Total Borrowing1,544.791,316.52517.55351.37
Amount in ₹ Lakhs

Medicamen Organics Limited Financial Information (Restated)

Medicamen Organics Limited's revenue increased by 10.13% and profit after tax (PAT) rose by 151% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 202231 Mar 2021
Assets3,858.073,211.982,707.212,634.37
Total Income2,528.962,296.242,118.672,505.96
Profit After Tax240.4195.789.2329.81
Net Worth1,518.40851.71755.92746.72
Reserves and Surplus658.40251.71155.92146.72
Total Borrowing1,265.651,179.501,024.57958.97
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)86.481.21
Promoter Shareholding (Post-Issue)62.23
P/E Ratio21.4430.53
Market Cap₹110.08 Cr.₹39.78 Cr.
ROE44.59%19.90%
ROCE26.51%14.50%
Debt/Equity1.110.83
EPS₹4.38₹1.11
RoNW42.70%15.83

Shares Offered

In the GP Eco Solutions IPO Retail Individual Investors (RII) are offered 10,32,000 shares while in Medicamen Organics IPO retail investors are offered 10,32,000 shares. Qualified Institutional Buyers (QIB) are offered 5,89,200 shares in GP Eco Solutions IPO and 5,84,000 shares in Medicamen Organics IPO.

 GP Eco Solutions IPOMedicamen Organics IPO
Anchor Investor Reserveration8,83,200 shares8,76,000 shares
Market Maker Reserveration3,27,600 shares1,72,000 shares
QIB5,89,200 shares5,84,000 shares
NII4,44,000 shares4,40,000 shares
RII10,32,000 shares10,28,000 shares
Employee
Others
Total29,48,400 shares29,28,000 shares

Bids Received (Subscription)

GP Eco Solutions IPO subscribed 856.21x in total, whereas Medicamen Organics IPO subscribed 993.56x.

 GP Eco Solutions IPOMedicamen Organics IPO
QIB (times)236.64x173.03x
NII (times)1,824.87x1,343.83x
Big NII (times)
Small NII (times)
RII (times)793.20x1,309.77x
Employee (times)
Other (times)
Total (times)856.21x993.56x