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Jash Engineering IPO vs Tirupati Forge IPO

Comparison between Jash Engineering IPO and Tirupati Forge IPO.

IPO Details

Jash Engineering IPO is a SME Fixed Price IPO proposed to list at NSE SME while Tirupati Forge IPO is a SME Fixed Price proposed to list at NSE SME.

 Jash Engineering IPOTirupati Forge IPO
LogoJash Engineering IPO LogoTirupati Forge IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMENSE SME
Lead ManagersSystematix Corporate Services Ltd.Pantomath Capital Advisors Pvt.Ltd.
RegistrarMUFG Intime India Pvt.Ltd.MUFG Intime India Pvt.Ltd.
Market MakerSystematix Shares & Stocks (India) Ltd.Pantomath Stock Brokers Pvt.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 Jash Engineering IPO is up to ₹45.60 Cr whereas the issue size of the Tirupati Forge IPO is up to ₹4.95 Cr. The final issue price of Jash Engineering IPO is ₹120.00 per share and of Tirupati Forge IPO is ₹29.00 per share.

 Jash Engineering IPOTirupati Forge IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹115.00 per share
Issue Price (Upper)₹120.00 per share
Issue Price (Final)₹120.00 per share₹29.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size1200 shares4000 shares
Fresh Issue Size20,60,798 shares17,08,000 shares
Fresh Issue Size (Amount)up to ₹24.73 Crup to ₹4.95 Cr
OFS Issue Size17,39,602 shares0 shares
OFS Issue Size (Amount)up to ₹20.88 Crup to ₹0.00 Cr
Issue Size Total38,00,400 shares17,08,000 shares
Issue Size Total (Amount)up to ₹45.60 Crup to ₹4.95 Cr

IPO Timetable

Jash Engineering IPO opens on Sep 28, 2017, while Tirupati Forge IPO opens on Sep 29, 2017. The closing date of Jash Engineering IPO and Tirupati Forge IPO is Oct 03, 2017, and Oct 04, 2017, respectively.

 Jash Engineering IPOTirupati Forge IPO
Issue OpenSep 28, 2017Sep 29, 2017
Issue CloseOct 03, 2017Oct 04, 2017
Basis Of Allotment (Tentative)Oct 06, 2017Oct 09, 2017
Listing date (Tentative)Oct 11, 2017Oct 12, 2017

Financials & KPIs

Jash Engineering IPO P/E ratio is , as compared to Tirupati Forge IPO P/E ratio of .

 Jash Engineering IPOTirupati Forge IPO
Financials

Company Financials (Restated Standalone)

Period Ended31 Mar 201731 Mar 201631 Mar 2015
Assets182.49161.35157.44
Total Income147.83113.05112.01
Profit After Tax10.518.757.83
NET Worth89.3481.0274.06
Reserves and Surplus79.7671.4564.49
Total Borrowing39.9041.0833.52
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Mar 201731 Mar 201631 Mar 2015
Assets10.339.7214.16
Total Income16.3718.2830.37
Profit After Tax0.510.170.70
NET Worth2.712.202.03
Reserves and Surplus1.921.421.25
Total Borrowing3.824.605.79
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)30.09%98.72%
Promoter Shareholding (Post-Issue)23.34%68.15%
Market Cap₹142.04 Cr.₹16.85 Cr.

Shares Offered

In the Jash Engineering IPO Retail Individual Investors (RII) are offered 13,30,800 shares while in Tirupati Forge IPO retail investors are offered 13,30,800 shares. Qualified Institutional Buyers (QIB) are offered 18,99,600 shares in Jash Engineering IPO and 0 shares in Tirupati Forge IPO.

 Jash Engineering IPOTirupati Forge IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation2,00,400 shares92,000 shares
QIB18,99,600 shares0 shares
NII5,70,000 shares8,54,000 shares
RII13,30,800 shares8,54,000 shares
Employee0 shares0 shares
Total38,00,400 shares17,08,000 shares

Bids Received (Subscription)

Jash Engineering IPO subscribed 4.92x in total, whereas Tirupati Forge IPO subscribed 6.94x.

 Jash Engineering IPOTirupati Forge IPO
QIB (times)2.70x
NII (times)18.83x3.56x
RII (times)2.12x10.32x
Total (times)4.92x6.94x

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Compare:

Jash Engineering IPO Vs Tirupati Forge IPO