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Laxmi Goldorna House IPO vs Suratwwala Business Group IPO

Comparison between Laxmi Goldorna House IPO and Suratwwala Business Group IPO.

IPO Details

Laxmi Goldorna House IPO is a SME Fixed Price IPO proposed to list at NSE SME while Suratwwala Business Group IPO is a SME Fixed Price proposed to list at BSE SME.

 Laxmi Goldorna House IPOSuratwwala Business Group IPO
LogoLaxmi Goldorna House IPO LogoSuratwwala Business Group IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersBeeline Broking Ltd.Hem Securities Ltd.
RegistrarKfin Technologies Ltd.MUFG Intime India Pvt.Ltd.
Market MakerHem Finlease Pvt.Ltd.Hem 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 Laxmi Goldorna House IPO is up to ₹7.85 Cr whereas the issue size of the Suratwwala Business Group IPO is up to ₹6.54 Cr. The final issue price of Laxmi Goldorna House IPO is ₹15.00 per share and of Suratwwala Business Group IPO is ₹15.00 per share.

 Laxmi Goldorna House IPOSuratwwala Business Group IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹15.00 per share₹15.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size8000 shares8000 shares
Fresh Issue Size52,32,000 shares43,60,000 shares
Fresh Issue Size (Amount)up to ₹7.85 Crup to ₹6.54 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total52,32,000 shares43,60,000 shares
Issue Size Total (Amount)up to ₹7.85 Crup to ₹6.54 Cr

IPO Timetable

Laxmi Goldorna House IPO opens on Mar 20, 2020, while Suratwwala Business Group IPO opens on Aug 03, 2020. The closing date of Laxmi Goldorna House IPO and Suratwwala Business Group IPO is Apr 03, 2020, and Aug 05, 2020, respectively.

 Laxmi Goldorna House IPOSuratwwala Business Group IPO
Anchor Bid Date
Issue OpenMar 20, 2020Aug 03, 2020
Issue CloseApr 03, 2020Aug 05, 2020
Basis Of Allotment (Tentative)Aug 10, 2020
Initiation of Refunds (Tentative)Aug 11, 2020
Credit of Share (Tentative)Aug 12, 2020
Listing date (Tentative)Apr 16, 2020Aug 13, 2020
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Laxmi Goldorna House IPO P/E ratio is 39, as compared to Suratwwala Business Group IPO P/E ratio of 83.

 Laxmi Goldorna House IPOSuratwwala Business Group IPO
Financials
Summary of financial Information (Restated)
Particulars For the year/period ended (Rs in Lakh)
30-Sept-19 31-Mar-19 31-Mar-18 31-Mar-17
Total Assets 4,294.28 3,943.94 3,879.01 1,028.52
Total Revenue 3,877.66 7,344.97 6,977.25 5,242.52
Profit After Tax 40.16 66.82 44.06 58.05
Summary of financial Information (Restated)
Particulars For the year/period ended (Rs in Lakhs)
31-March-20 31-Mar-19 31-Mar-18 31-Mar-17
Total Assets 5,390.82 4,487.52 3,129.14 2,752.49
Total Revenue 1,088.35 912.62 1,119.91 1,657.82
Profit After Tax 32.46 85.86 296.49 214.38
Promoter Shareholding (Pre-Issue)10099.92
Promoter Shareholding (Post-Issue)73.5473.42
P/E Ratio3983
Market Cap₹31.31 Cr.₹26.01 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Laxmi Goldorna House IPO Retail Individual Investors (RII) are offered 26,16,000 shares while in Suratwwala Business Group IPO retail investors are offered 26,16,000 shares. Qualified Institutional Buyers (QIB) are offered in Laxmi Goldorna House IPO and in Suratwwala Business Group IPO.

 Laxmi Goldorna House IPOSuratwwala Business Group IPO
Anchor Investor Reserveration
Market Maker Reserveration2,88,000 shares2,40,000 shares
QIB
NII26,16,000 shares21,76,000 shares
RII26,16,000 shares21,84,000 shares
Employee
Others
Total52,32,000 shares43,60,000 shares

Bids Received (Subscription)

Laxmi Goldorna House IPO subscribed 1.21x in total, whereas Suratwwala Business Group IPO subscribed 1.31x.

 Laxmi Goldorna House IPOSuratwwala Business Group IPO
QIB (times)
NII (times)2.22x2.35x
Big NII (times)
Small NII (times)
RII (times)0.20x0.28x
Employee (times)
Other (times)
Total (times)1.21x1.31x