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GSM Foils IPO vs Rulka Electricals IPO

Comparison between GSM Foils IPO and Rulka Electricals IPO.

IPO Details

GSM Foils IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Rulka Electricals IPO is a SME Bookbuilding proposed to list at NSE SME.

 GSM Foils IPORulka Electricals IPO
LogoGSM Foils IPO LogoRulka Electricals IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersShreni Shares Ltd.Beeline Capital Advisors Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerShreni Shares Ltd.Sunflower Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of GSM Foils IPO is up to ₹10.44 Cr whereas the issue size of the Rulka Electricals IPO is up to ₹25.07 Cr. The final issue price of GSM Foils IPO is ₹32.00 per share and of Rulka Electricals IPO is ₹235.00 per share.

 GSM Foils IPORulka Electricals IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹223.00 per share
Issue Price (Upper)₹235.00 per share
Issue Price (Final)₹32.00 per share₹235.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size4000 shares600 shares
Fresh Issue Size32,64,000 shares7,86,000 shares
Fresh Issue Size (Amount)up to ₹10.44 Crup to ₹18.47 Cr
OFS Issue Size0 shares2,80,800 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹6.60 Cr
Issue Size Total32,64,000 shares10,66,800 shares
Issue Size Total (Amount)up to ₹10.44 Crup to ₹25.07 Cr

IPO Timetable

GSM Foils IPO opens on May 24, 2024, while Rulka Electricals IPO opens on May 16, 2024. The closing date of GSM Foils IPO and Rulka Electricals IPO is May 28, 2024, and May 21, 2024, respectively.

 GSM Foils IPORulka Electricals IPO
Anchor Bid DateMay 15, 2024
Issue OpenMay 24, 2024May 16, 2024
Issue CloseMay 28, 2024May 21, 2024
Basis Of Allotment (Tentative)May 29, 2024May 22, 2024
Initiation of Refunds (Tentative)May 30, 2024May 23, 2024
Credit of Share (Tentative)May 30, 2024May 23, 2024
Listing date (Tentative)May 31, 2024May 24, 2024
Anchor Lockin End date 1Jun 21, 2024
Anchor Lockin End date 2Aug 20, 2024

Financials & KPIs

GSM Foils IPO P/E ratio is 20.98, as compared to Rulka Electricals IPO P/E ratio of 28.62.

 GSM Foils IPORulka Electricals IPO
Financials

Company Financials (Restated)

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets22.0814.3810.517.21
Total Income27.1865.8971.8536.46
Profit After Tax1.251.430.640.34
NET Worth1.278.366.596.58
Reserves and Surplus1.25
Total Borrowing14.132.422.19
Amount in ₹ Crore

Company Financials (Restated Standalone)

Period Ended29 Feb 202431 Mar 202331 Mar 202231 Mar 2021
Assets40.8228.2719.199.82
Total Income65.2846.9036.2719.60
Profit After Tax5.662.811.120.54
NET Worth12.905.572.771.65
Reserves and Surplus9.495.462.661.54
Total Borrowing11.055.272.812.31
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99.9986.28
Promoter Shareholding (Post-Issue)73.1469.22
P/E Ratio20.9828.62
Market Cap₹41.00 Cr.₹100.07 Cr.
ROE23.62%61.25%
ROCE1.60%33.67%
Debt/Equity11.132.16
EPS₹1.53₹8.21
RoNW98.27%43.85%

Shares Offered

In the GSM Foils IPO Retail Individual Investors (RII) are offered 16,32,000 shares while in Rulka Electricals IPO retail investors are offered 16,32,000 shares. Qualified Institutional Buyers (QIB) are offered in GSM Foils IPO and 2,13,600 shares in Rulka Electricals IPO.

 GSM Foils IPORulka Electricals IPO
Anchor Investor Reservation3,19,200 shares
Market Maker Reservation1,76,000 shares56,400 shares
QIB2,13,600 shares
NII16,32,000 shares1,60,200 shares
RII16,32,000 shares3,73,800 shares
Employee
Others
Total32,64,000 shares10,66,800 shares

Bids Received (Subscription)

GSM Foils IPO subscribed 257.30x in total, whereas Rulka Electricals IPO subscribed 676.83x.

 GSM Foils IPORulka Electricals IPO
QIB (times)204.22x
NII (times)259.51x1,350.15x
Big NII (times)
Small NII (times)
RII (times)247.10x658.32x
Employee (times)
Other (times)
Total (times)257.30x676.83x

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Compare:

GSM Foils IPO Vs Rulka Electricals IPO