Jetmall Spices IPO vs Times Green Energy IPO

Comparison between Jetmall Spices IPO and Times Green Energy IPO.

IPO Details

Jetmall Spices IPO is a SME Fixed Price IPO proposed to list at BSE SME while Times Green Energy IPO is a SME Fixed Price proposed to list at BSE SME.

Issue Size and Price

The total issue size of Jetmall Spices IPO is up to ₹4.73 Cr whereas the issue size of the Times Green Energy IPO is up to ₹3.81 Cr. The final issue price of Jetmall Spices IPO is ₹20.00 per share and of Times Green Energy IPO is ₹61.00 per share.

 Jetmall Spices IPOTimes Green Energy IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹20.00 per share₹61.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size6000 shares2000 shares
Fresh Issue Size23,64,000 shares6,24,000 shares
Fresh Issue Size (Amount)up to ₹4.73 Crup to ₹3.81 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total23,64,000 shares6,24,000 shares
Issue Size Total (Amount)up to ₹4.73 Crup to ₹3.81 Cr

IPO Timetable

Jetmall Spices IPO opens on Mar 31, 2021, while Times Green Energy IPO opens on Jun 16, 2021. The closing date of Jetmall Spices IPO and Times Green Energy IPO is Apr 07, 2021, and Jun 22, 2021, respectively.

 Jetmall Spices IPOTimes Green Energy IPO
Issue OpenMar 31, 2021Jun 16, 2021
Issue CloseApr 07, 2021Jun 22, 2021
Basis Of Allotment (Tentative)Apr 12, 2021Jun 25, 2021
Initiation of Refunds (Tentative)Apr 12, 2021Jun 28, 2021
Credit of Share (Tentative)Apr 15, 2021Jun 29, 2021
Listing date (Tentative)Apr 19, 2021Jun 30, 2021

Financials & KPIs

Jetmall Spices IPO P/E ratio is , as compared to Times Green Energy IPO P/E ratio of .

 Jetmall Spices IPOTimes Green Energy IPO
Financials

Company Financials (Restated)

Period Ended30 Sep 202031 Mar 202031 Mar 201931 Mar 2018
Assets6.028.8519.8917.38
Total Income9.2639.1643.4550.33
Profit After Tax0.650.150.180.26
NET Worth5.044.394.244.07
Reserves and Surplus1.540.890.740.57
Total Borrowing0.984.4615.6413.31
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Dec 202031 Mar 202031 Mar 201931 Mar 2018
Assets4.123.722.423.92
Total Income5.8715.1515.1620.19
Profit After Tax5.8715.1515.1520.19
NET Worth1.441.321.270.42
Reserves and Surplus0.520.390.270.17
Total Borrowing0.200.200.070.75
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100%79.2%
Promoter Shareholding (Post-Issue)58.45%47.6%
Market Cap₹11.99 Cr.₹10.15 Cr.

Shares Offered

In the Jetmall Spices IPO Retail Individual Investors (RII) are offered 11,82,000 shares while in Times Green Energy IPO retail investors are offered 11,82,000 shares. Qualified Institutional Buyers (QIB) are offered in Jetmall Spices IPO and in Times Green Energy IPO.

 Jetmall Spices IPOTimes Green Energy IPO
Market Maker Reservation1,26,000 shares40,000 shares
NII11,82,000 shares3,12,000 shares
RII11,82,000 shares3,12,000 shares
Total23,64,000 shares6,24,000 shares

Bids Received (Subscription)

Jetmall Spices IPO subscribed 1.36x in total, whereas Times Green Energy IPO subscribed 2.94x.

 Jetmall Spices IPOTimes Green Energy IPO
NII (times)1.90x0.83x
RII (times)0.82x5.05x
Total (times)1.36x2.94x

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