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Marine Electricals IPO vs Rajnandini Metal IPO

Comparison between Marine Electricals IPO and Rajnandini Metal IPO.

IPO Details

Marine Electricals IPO is a SME Fixed Price IPO proposed to list at NSE SME while Rajnandini Metal IPO is a SME Fixed Price proposed to list at NSE SME.

 Marine Electricals IPORajnandini Metal IPO
LogoMarine Electricals IPO LogoRajnandini Metal IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMENSE SME
Lead ManagersAryaman Financial Services Ltd.Corporate Capital Ventures Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerAryaman Capital Markets 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 Marine Electricals IPO is up to ₹40.66 Cr whereas the issue size of the Rajnandini Metal IPO is up to ₹4.06 Cr. The final issue price of Marine Electricals IPO is ₹66.00 per share and of Rajnandini Metal IPO is ₹26.00 per share.

 Marine Electricals IPORajnandini Metal IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹64.00 per share
Issue Price (Upper)₹66.00 per share
Issue Price (Final)₹66.00 per share₹26.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size2000 shares4000 shares
Fresh Issue Size61,60,000 shares15,60,000 shares
Fresh Issue Size (Amount)up to ₹40.66 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 Total61,60,000 shares15,60,000 shares
Issue Size Total (Amount)up to ₹40.66 Crup to ₹4.06 Cr

IPO Timetable

Marine Electricals IPO opens on Sep 28, 2018, while Rajnandini Metal IPO opens on Sep 24, 2018. The closing date of Marine Electricals IPO and Rajnandini Metal IPO is Oct 03, 2018, and Sep 27, 2018, respectively.

 Marine Electricals IPORajnandini Metal IPO
Issue OpenSep 28, 2018Sep 24, 2018
Issue CloseOct 03, 2018Sep 27, 2018
Basis Of Allotment (Tentative)Oct 08, 2018Oct 03, 2018
Initiation of Refunds (Tentative)Oct 09, 2018
Credit of Share (Tentative)Oct 10, 2018
Listing date (Tentative)Oct 11, 2018Oct 08, 2018

Financials & KPIs

Marine Electricals IPO P/E ratio is , as compared to Rajnandini Metal IPO P/E ratio of .

 Marine Electricals IPORajnandini Metal IPO
Financials

Company Financials (Restated Consolidated)

Period Ended31 Mar 201831 Mar 201731 Mar 2016
Assets354.63227.01149.10
Total Income383.46273.65251.69
Profit After Tax16.2610.809.35
NET Worth94.0574.8263.39
Reserves and Surplus76.0157.6446.21
Total Borrowing41.9034.7928.33
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)99.99%99.99%
Promoter Shareholding (Post-Issue)73.52%73.23%
Market Cap₹161.92 Cr.₹15.97 Cr.

Shares Offered

In the Marine Electricals IPO Retail Individual Investors (RII) are offered 30,80,000 shares while in Rajnandini Metal IPO retail investors are offered 30,80,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Marine Electricals IPO and 0 shares in Rajnandini Metal IPO.

 Marine Electricals IPORajnandini Metal IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation3,36,000 shares84,000 shares
QIB0 shares0 shares
NII30,80,000 shares7,80,000 shares
RII30,80,000 shares7,80,000 shares
Employee0 shares0 shares
Total61,60,000 shares15,60,000 shares

Bids Received (Subscription)

Marine Electricals IPO subscribed 1.23x in total, whereas Rajnandini Metal IPO subscribed 1.38x.

 Marine Electricals IPORajnandini Metal IPO
NII (times)2.04x2.38x
RII (times)0.43x0.38x
Total (times)1.23x1.38x

Compare with others

Marine Electricals IPORajnandini Metal IPO
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Compare:

Marine Electricals IPO Vs Rajnandini Metal IPO