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GSM Foils IPO vs HOAC Foods IPO

Comparison between GSM Foils IPO and HOAC Foods IPO.

IPO Details

GSM Foils IPO is a SME Fixed Price IPO proposed to list at NSE SME while HOAC Foods IPO is a SME Fixed Price proposed to list at NSE SME.

 GSM Foils IPOHOAC Foods IPO
LogoGSM Foils IPO LogoHOAC Foods IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMENSE SME
Lead ManagersShreni Shares Ltd.GYR Capital Advisors Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Kfin Technologies Ltd.
Market MakerShreni Shares Ltd.Giriraj Stock Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor 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 HOAC Foods IPO is up to ₹5.10 Cr. The final issue price of GSM Foils IPO is ₹32.00 per share and of HOAC Foods IPO is ₹48.00 per share.

 GSM Foils IPOHOAC Foods IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹32.00 per share₹48.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size4000 shares3000 shares
Fresh Issue Size32,64,000 shares10,62,000 shares
Fresh Issue Size (Amount)up to ₹10.44 Crup to ₹5.10 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total32,64,000 shares10,62,000 shares
Issue Size Total (Amount)up to ₹10.44 Crup to ₹5.10 Cr

IPO Timetable

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

 GSM Foils IPOHOAC Foods IPO
Anchor Bid Date
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 1
Anchor Lockin End date 2

Financials & KPIs

GSM Foils IPO P/E ratio is 20.98, as compared to HOAC Foods IPO P/E ratio of 21.95.

 GSM Foils IPOHOAC Foods 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)

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets7.664.923.602.08
Total Income11.5512.1910.947.46
Profit After Tax0.750.590.270.13
NET Worth3.161.570.980.32
Reserves and Surplus0.471.350.760.22
Total Borrowing2.041.901.481.28
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99.9999.99
Promoter Shareholding (Post-Issue)73.1469.95
P/E Ratio20.9821.95
Market Cap₹41.00 Cr.₹18.45 Cr.
ROE23.6223.60
ROCE1.6023.43
Debt/Equity11.130.27
EPS₹1.53₹2.19
RoNW98.2723.60

Shares Offered

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

 GSM Foils IPOHOAC Foods IPO
Anchor Investor Reservation
Market Maker Reservation1,76,000 shares93,000 shares
QIB
NII16,32,000 shares5,28,000 shares
RII16,32,000 shares5,34,000 shares
Employee
Others
Total32,64,000 shares10,62,000 shares

Bids Received (Subscription)

GSM Foils IPO subscribed 257.30x in total, whereas HOAC Foods IPO subscribed 2,013.64x.

 GSM Foils IPOHOAC Foods IPO
QIB (times)
NII (times)259.51x1,432.60x
Big NII (times)
Small NII (times)
RII (times)247.10x2,556.46x
Employee (times)
Other (times)
Total (times)257.30x2,013.64x

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Compare:

GSM Foils IPO Vs HOAC Foods IPO