Comparison between Mitsu Chem Plast IPO and Riddhi Steel IPO.
Mitsu Chem Plast IPO is a SME Fixed Price IPO proposed to list at BSE SME while Riddhi Steel IPO is a SME Fixed Price proposed to list at BSE SME.
| Mitsu Chem Plast IPO | Riddhi Steel IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Fixed Price |
| Listing At | BSE SME | BSE SME |
| Lead Managers | Aryaman Financial Services Ltd. | Oneview Corporate Advisors Pvt.Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | Kfin Technologies Ltd. |
| Market Maker | Aryaman Capital Markets Ltd. | Guiness Securities Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Mitsu Chem Plast IPO is up to ₹9.01 Cr whereas the issue size of the Riddhi Steel IPO is up to ₹8.41 Cr. The final issue price of Mitsu Chem Plast IPO is ₹95.00 per share and of Riddhi Steel IPO is ₹38.00 per share.
| Mitsu Chem Plast IPO | Riddhi Steel IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Final) | ₹95.00 per share | ₹38.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Market Lot Size | 1200 shares | 3000 shares |
| Fresh Issue Size | 0 shares | 22,14,000 shares |
| Fresh Issue Size (Amount) | up to ₹0.00 Cr | up to ₹8.41 Cr |
| OFS Issue Size | 9,48,000 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹9.01 Cr | up to ₹0.00 Cr |
| Issue Size Total | 9,48,000 shares | 22,14,000 shares |
| Issue Size Total (Amount) | up to ₹9.01 Cr | up to ₹8.41 Cr |
Mitsu Chem Plast IPO opens on Aug 26, 2016, while Riddhi Steel IPO opens on Sep 02, 2016. The closing date of Mitsu Chem Plast IPO and Riddhi Steel IPO is Aug 31, 2016, and Sep 07, 2016, respectively.
| Mitsu Chem Plast IPO | Riddhi Steel IPO | |
|---|---|---|
| Issue Open | Aug 26, 2016 | Sep 02, 2016 |
| Issue Close | Aug 31, 2016 | Sep 07, 2016 |
| Basis Of Allotment (Tentative) | Sep 06, 2016 | Sep 09, 2016 |
| Listing date (Tentative) | Sep 09, 2016 | Sep 14, 2016 |
Mitsu Chem Plast IPO P/E ratio is , as compared to Riddhi Steel IPO P/E ratio of .
| Mitsu Chem Plast IPO | Riddhi Steel IPO | |
|---|---|---|
| Promoter Shareholding (Pre-Issue) | 100% | 95.6% |
| Promoter Shareholding (Post-Issue) | 71.61% | 68.62% |
| Market Cap | ₹33.49 Cr. | ₹31.50 Cr. |
In the Mitsu Chem Plast IPO Retail Individual Investors (RII) are offered 4,74,000 shares while in Riddhi Steel IPO retail investors are offered 4,74,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Mitsu Chem Plast IPO and in Riddhi Steel IPO.
| Mitsu Chem Plast IPO | Riddhi Steel IPO | |
|---|---|---|
| Anchor Investor Reservation | 0 shares | |
| Market Maker Reservation | 52,800 shares | 1,26,000 shares |
| QIB | 0 shares | |
| NII | 4,74,000 shares | 11,07,000 shares |
| RII | 4,74,000 shares | 11,07,000 shares |
| Employee | 0 shares | |
| Total | 9,48,000 shares | 22,14,000 shares |
Mitsu Chem Plast IPO subscribed 1.45x in total, whereas Riddhi Steel IPO subscribed 2.25x.
| Mitsu Chem Plast IPO | Riddhi Steel IPO | |
|---|---|---|
| NII (times) | 1.35x | 2.64x |
| RII (times) | 1.55x | 1.85x |
| Total (times) | 1.45x | 2.25x |
