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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 Capital Ventures Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerPantomath Stock Brokers Pvt.Ltd.Share India Securities Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
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
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
Issue OpenSep 24, 2018Sep 24, 2018
Issue CloseSep 26, 2018Sep 27, 2018
Basis Of Allotment (Tentative)Oct 01, 2018Oct 03, 2018
Initiation of Refunds (Tentative)Oct 03, 2018
Credit of Share (Tentative)Oct 04, 2018
Listing date (Tentative)Oct 05, 2018Oct 08, 2018

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

Company Financials (Restated)

Period Ended31 Mar 201831 Mar 201731 Mar 2016
Assets34.8022.8720.82
Total Income20.3210.7512.18
Profit After Tax3.090.970.01
EBITDA4.882.220.74
NET Worth13.376.785.72
Reserves and Surplus5.053.783.42
Total Borrowing7.684.514.55
Amount in ₹ Crore

Company Financials (Restated Standalone)

Period Ended31 Mar 201831 Mar 201731 Mar 2016
Assets38.3842.5134.37
Total Income141.16127.31136.55
Profit After Tax0.940.550.32
NET Worth8.037.096.53
Reserves and Surplus3.532.592.03
Total Borrowing21.9822.2822.13
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)71.81%99.99%
Promoter Shareholding (Post-Issue)52.47%73.23%
Market Cap₹45.52 Cr.₹15.97 Cr.

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 0 shares in Innovative Ideals IPO and 0 shares in Rajnandini Metal IPO.

 Innovative Ideals IPORajnandini Metal IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation1,56,000 shares84,000 shares
QIB0 shares0 shares
NII14,55,000 shares7,80,000 shares
RII14,55,000 shares7,80,000 shares
Employee0 shares0 shares
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
NII (times)1.01x2.38x
RII (times)1.58x0.38x
Total (times)1.30x1.38x

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Innovative Ideals IPO Vs Rajnandini Metal IPO