Indian Emulsifiers IPO vs Rulka Electricals IPO

Comparison between Indian Emulsifiers IPO and Rulka Electricals IPO.

IPO Details

Indian Emulsifiers 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.

Issue Size and Price

The total issue size of Indian Emulsifiers IPO is up to ₹40.26 Cr whereas the issue size of the Rulka Electricals IPO is up to ₹25.07 Cr. The final issue price of Indian Emulsifiers IPO is ₹132.00 per share and of Rulka Electricals IPO is ₹235.00 per share.

 Indian Emulsifiers IPORulka Electricals IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹125.00 per share₹223.00 per share
Issue Price (Upper)₹132.00 per share₹235.00 per share
Issue Price (Final)₹132.00 per share₹235.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1000 shares600 shares
Fresh Issue Size30,50,000 shares7,86,000 shares
Fresh Issue Size (Amount)up to ₹40.26 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 Total30,50,000 shares10,66,800 shares
Issue Size Total (Amount)up to ₹40.26 Crup to ₹25.07 Cr

IPO Timetable

Indian Emulsifiers IPO opens on May 13, 2024, while Rulka Electricals IPO opens on May 16, 2024. The closing date of Indian Emulsifiers IPO and Rulka Electricals IPO is May 16, 2024, and May 21, 2024, respectively.

 Indian Emulsifiers IPORulka Electricals IPO
Anchor Bid DateMay 10, 2024May 15, 2024
Issue OpenMay 13, 2024May 16, 2024
Issue CloseMay 16, 2024May 21, 2024
Basis Of Allotment (Tentative)May 17, 2024May 22, 2024
Initiation of Refunds (Tentative)May 21, 2024May 23, 2024
Credit of Share (Tentative)May 21, 2024May 23, 2024
Listing date (Tentative)May 22, 2024May 24, 2024
Anchor Lockin End date 1Jun 16, 2024Jun 21, 2024
Anchor Lockin End date 2Aug 15, 2024Aug 20, 2024

Financials & KPIs

Indian Emulsifiers IPO P/E ratio is 30.54, as compared to Rulka Electricals IPO P/E ratio of 28.62.

 Indian Emulsifiers IPORulka Electricals IPO
Financials

Company Financials (Restated Standalone)

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets61.7734.3219.100.60
Total Income48.7041.1817.68
Profit After Tax6.753.890.04-0.00
NET Worth26.3612.048.150.01
Reserves and Surplus17.353.930.04-0.00
Total Borrowing22.4420.3010.690.59
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)65.2586.28
Promoter Shareholding (Post-Issue)48.1169.22
P/E Ratio30.5428.62
Market Cap₹161.33 Cr.₹100.07 Cr.
ROE25.61%61.25%
ROCE38.03%33.67%
Debt/Equity0.512.16
EPS₹4.32₹8.21
RoNW25.60%43.85%

Shares Offered

In the Indian Emulsifiers IPO Retail Individual Investors (RII) are offered 10,70,000 shares while in Rulka Electricals IPO retail investors are offered 10,70,000 shares. Qualified Institutional Buyers (QIB) are offered 6,10,000 shares in Indian Emulsifiers IPO and 2,13,600 shares in Rulka Electricals IPO.

 Indian Emulsifiers IPORulka Electricals IPO
Anchor Investor Reservation9,10,000 shares3,19,200 shares
Market Maker Reservation1,61,000 shares56,400 shares
QIB6,10,000 shares2,13,600 shares
NII4,60,000 shares1,60,200 shares
RII10,70,000 shares3,73,800 shares
Employee
Others
Total30,50,000 shares10,66,800 shares

Bids Received (Subscription)

Indian Emulsifiers IPO subscribed 460.07x in total, whereas Rulka Electricals IPO subscribed 676.83x.

 Indian Emulsifiers IPORulka Electricals IPO
QIB (times)175.95x204.22x
NII (times)779.63x1,350.15x
Big NII (times)
Small NII (times)
RII (times)484.66x658.32x
Employee (times)
Other (times)
Total (times)460.07x676.83x

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