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Innovative Ideals IPO vs Rajnandini Metal IPO

Comparison between Innovative Ideals IPO and Rajnandini Metal IPO.

IPO Details

Innovative Ideals IPO is a SME Fixed Price IPO proposed to list at BSE SME while Rajnandini Metal IPO is a SME Fixed Price proposed to list at NSE SME.

 Innovative Ideals IPORajnandini Metal IPO
LogoInnovative Ideals IPO LogoRajnandini Metal IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtBSE SMENSE SME
Lead ManagersPantomath Capital Advisors Pvt.Ltd.Corporate Capitalventures Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerPantomath Stock Brokers Pvt.Ltd.Share India Securities Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Innovative Ideals IPO is up to ₹11.64 Cr whereas the issue size of the Rajnandini Metal IPO is up to ₹4.06 Cr. The final issue price of Innovative Ideals IPO is ₹40.00 per share and of Rajnandini Metal IPO is ₹26.00 per share.

 Innovative Ideals IPORajnandini Metal IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹36.00 per share
Issue Price (Upper)₹40.00 per share
Issue Price (Final)₹40.00 per share₹26.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size3000 shares4000 shares
Fresh Issue Size29,10,000 shares15,60,000 shares
Fresh Issue Size (Amount)up to ₹11.64 Crup to ₹4.06 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total29,10,000 shares15,60,000 shares
Issue Size Total (Amount)up to ₹11.64 Crup to ₹4.06 Cr

IPO Timetable

Innovative Ideals IPO opens on Sep 24, 2018, while Rajnandini Metal IPO opens on Sep 24, 2018. The closing date of Innovative Ideals IPO and Rajnandini Metal IPO is Sep 26, 2018, and Sep 27, 2018, respectively.

 Innovative Ideals IPORajnandini Metal IPO
Anchor Bid Date
Issue OpenSep 24, 2018Sep 24, 2018
Issue CloseSep 26, 2018Sep 27, 2018
Basis Of Allotment (Tentative)Oct 01, 2018
Initiation of Refunds (Tentative)Oct 03, 2018
Credit of Share (Tentative)Oct 04, 2018
Listing date (Tentative)Oct 05, 2018Oct 08, 2018
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Innovative Ideals IPO P/E ratio is , as compared to Rajnandini Metal IPO P/E ratio of .

 Innovative Ideals IPORajnandini Metal IPO
Financials
Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 3,479.82 2,287.04 2081.86 2,355.01 4,774.17
Total Revenue 2,031.84 1,074.57 1,217.81 1,245.07 1,281.61
Profit After Tax 308.79 96.76 1.36 15.56 50.26
Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 3,883.98 4,250.62 3,437.18 3,316.57 4,590.35 3,830.85
Total Revenue 14,115.52 12,730.96 13,654.76 10,983.81 10,437.12 9,010.76
Profit After Tax 102.87 55.21 31.62 55.41 40.74 39.07
Promoter Shareholding (Pre-Issue)
Promoter Shareholding (Post-Issue)
P/E Ratio
Market Cap
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Innovative Ideals IPO Retail Individual Investors (RII) are offered 14,55,000 shares while in Rajnandini Metal IPO retail investors are offered 14,55,000 shares. Qualified Institutional Buyers (QIB) are offered in Innovative Ideals IPO and in Rajnandini Metal IPO.

 Innovative Ideals IPORajnandini Metal IPO
Anchor Investor Reserveration
Market Maker Reserveration1,56,000 shares84,000 shares
QIB
NII14,55,000 shares7,80,000 shares
RII14,55,000 shares7,80,000 shares
Employee
Others
Total29,10,000 shares15,60,000 shares

Bids Received (Subscription)

Innovative Ideals IPO subscribed 1.30x in total, whereas Rajnandini Metal IPO subscribed 1.38x.

 Innovative Ideals IPORajnandini Metal IPO
QIB (times)
NII (times)1.01x2.38x
Big NII (times)
Small NII (times)
RII (times)1.58x0.38x
Employee (times)
Other (times)
Total (times)1.30x1.38x