Mittal Life Style IPO vs Ridings Consulting Engineers IPO

Comparison between Mittal Life Style IPO and Ridings Consulting Engineers IPO.

IPO Details

Mittal Life Style IPO is a SME Fixed Price IPO proposed to list at NSE SME while Ridings Consulting Engineers IPO is a SME Fixed Price proposed to list at BSE SME.

Issue Size and Price

The total issue size of Mittal Life Style IPO is up to ₹4.16 Cr whereas the issue size of the Ridings Consulting Engineers IPO is up to ₹6.22 Cr. The final issue price of Mittal Life Style IPO is ₹21.00 per share and of Ridings Consulting Engineers IPO is ₹18.00 per share.

 Mittal Life Style IPORidings Consulting Engineers IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹21.00 per share₹18.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size6000 shares8000 shares
Fresh Issue Size19,80,000 shares34,56,000 shares
Fresh Issue Size (Amount)up to ₹4.16 Crup to ₹6.22 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total19,80,000 shares34,56,000 shares
Issue Size Total (Amount)up to ₹4.16 Crup to ₹6.22 Cr

IPO Timetable

Mittal Life Style IPO opens on Mar 19, 2018, while Ridings Consulting Engineers IPO opens on Mar 14, 2018. The closing date of Mittal Life Style IPO and Ridings Consulting Engineers IPO is Mar 21, 2018, and Mar 16, 2018, respectively.

 Mittal Life Style IPORidings Consulting Engineers IPO
Issue OpenMar 19, 2018Mar 14, 2018
Issue CloseMar 21, 2018Mar 16, 2018
Basis Of Allotment (Tentative)Mar 26, 2018Mar 21, 2018
Listing date (Tentative)Apr 02, 2018Mar 26, 2018

Financials & KPIs

Mittal Life Style IPO P/E ratio is , as compared to Ridings Consulting Engineers IPO P/E ratio of .

 Mittal Life Style IPORidings Consulting Engineers IPO
Financials

Company Financials (Restated)

Period Ended30 Sep 201731 Mar 201731 Mar 201631 Mar 2015
Assets15.5516.9412.719.19
Total Income43.8078.5759.0446.35
Profit After Tax0.300.340.010.01
NET Worth5.515.264.923.96
Reserves and Surplus0.560.31-0.03-0.04
Total Borrowing5.327.225.392.09
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Sep 201731 Mar 201731 Mar 201631 Mar 2015
Assets24.9623.5922.5219.25
Total Income6.2316.9014.2713.57
Profit After Tax0.451.020.521.07
NET Worth9.758.858.037.01
Reserves and Surplus7.756.856.035.51
Total Borrowing8.056.686.165.97
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100.00%100.00%
Promoter Shareholding (Post-Issue)70.21%70.74%
Market Cap₹14.81 Cr.₹22.39 Cr.

Shares Offered

In the Mittal Life Style IPO Retail Individual Investors (RII) are offered 9,90,000 shares while in Ridings Consulting Engineers IPO retail investors are offered 9,90,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Mittal Life Style IPO and 0 shares in Ridings Consulting Engineers IPO.

 Mittal Life Style IPORidings Consulting Engineers IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation1,20,000 shares1,84,000 shares
QIB0 shares0 shares
NII9,90,000 shares17,28,000 shares
RII9,90,000 shares17,28,000 shares
Employee0 shares0 shares
Total19,80,000 shares34,56,000 shares

Bids Received (Subscription)

Mittal Life Style IPO subscribed 1.47x in total, whereas Ridings Consulting Engineers IPO subscribed 1.32x.

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Mittal Life Style IPO Vs Ridings Consulting Engineers IPO