Comparison between IRIS Business Services IPO and SecUR Credentials IPO.
IRIS Business Services IPO is a SME Fixed Price IPO proposed to list at BSE SME while SecUR Credentials IPO is a SME Fixed Price proposed to list at NSE SME.
| IRIS Business Services IPO | SecUR Credentials IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Fixed Price |
| Listing At | BSE SME | NSE SME |
| Lead Managers | Pantomath Capital Advisors Pvt.Ltd. | Inventure Merchant Banker Services Pvt.Ltd. |
| Registrar | MUFG Intime India Pvt.Ltd. | Skyline Financial Services Pvt.Ltd. |
| Market Maker | Asit C.Mehta Investment Interrmediates Ltd. | Alacrity Securities Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | ||
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of IRIS Business Services IPO is up to ₹15.18 Cr whereas the issue size of the SecUR Credentials IPO is up to ₹28.54 Cr. The final issue price of IRIS Business Services IPO is ₹32.00 per share and of SecUR Credentials IPO is ₹205.00 per share.
| IRIS Business Services IPO | SecUR Credentials IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ||
| Issue Price (Upper) | ||
| Issue Price (Final) | ₹32.00 per share | ₹205.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 4000 shares | |
| Fresh Issue Size | 47,44,000 shares | 13,92,000 shares |
| Fresh Issue Size (Amount) | up to ₹15.18 Cr | up to ₹28.54 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 47,44,000 shares | 13,92,000 shares |
| Issue Size Total (Amount) | up to ₹15.18 Cr | up to ₹28.54 Cr |
IRIS Business Services IPO opens on Sep 29, 2017, while SecUR Credentials IPO opens on Nov 01, 2017. The closing date of IRIS Business Services IPO and SecUR Credentials IPO is Oct 04, 2017, and Nov 03, 2017, respectively.
| IRIS Business Services IPO | SecUR Credentials IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Sep 29, 2017 | Nov 01, 2017 |
| Issue Close | Oct 04, 2017 | Nov 03, 2017 |
| Basis Of Allotment (Tentative) | ||
| Initiation of Refunds (Tentative) | ||
| Credit of Share (Tentative) | ||
| Listing date (Tentative) | Oct 11, 2017 | Nov 13, 2017 |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
IRIS Business Services IPO P/E ratio is , as compared to SecUR Credentials IPO P/E ratio of .
| IRIS Business Services IPO | SecUR Credentials IPO | |||||
|---|---|---|---|---|---|---|
| Financials | Company Financials ()
| Company Financials ()
| ||||
| Promoter Shareholding (Pre-Issue) | ||||||
| Promoter Shareholding (Post-Issue) | ||||||
| P/E Ratio | ||||||
| Market Cap | ₹60.41 Cr. | ₹100.21 Cr. | ||||
| ROE | ||||||
| ROCE | ||||||
| Debt/Equity | ||||||
| EPS | ||||||
| RoNW |
In the IRIS Business Services IPO Retail Individual Investors (RII) are offered 23,72,000 shares while in SecUR Credentials IPO retail investors are offered 23,72,000 shares. Qualified Institutional Buyers (QIB) are offered in IRIS Business Services IPO and in SecUR Credentials IPO.
| IRIS Business Services IPO | SecUR Credentials IPO | |
|---|---|---|
| Anchor Investor Reservation | ||
| Market Maker Reservation | 2,60,000 shares | 75,000 shares |
| QIB | ||
| NII | 23,72,000 shares | 6,96,000 shares |
| RII | 23,72,000 shares | 6,96,000 shares |
| Employee | ||
| Others | ||
| Total | 47,44,000 shares | 13,92,000 shares |
IRIS Business Services IPO subscribed 2.39x in total, whereas SecUR Credentials IPO subscribed 3.98x.
| IRIS Business Services IPO | SecUR Credentials IPO | |
|---|---|---|
| QIB (times) | ||
| NII (times) | 4.21x | 2.10x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 0.56x | 5.86x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 2.39x | 3.98x |
