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Goel Food Products IPO vs Modi's Navnirman IPO

Comparison between Goel Food Products IPO and Modi's Navnirman IPO.

IPO Details

Goel Food Products IPO is a SME Fixed Price IPO proposed to list at BSE SME while Modi's Navnirman IPO is a SME Fixed Price proposed to list at BSE SME.

 Goel Food Products IPOModi's Navnirman IPO
LogoGoel Food Products IPO LogoModi's Navnirman IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMEBSE SME
Lead ManagersGretex Corporate Services Ltd.Aryaman Financial Services Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerGretex Share Broking Pvt.Ltd.Aryaman Capital Markets Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Goel Food Products IPO is up to ₹6.84 Cr whereas the issue size of the Modi's Navnirman IPO is up to ₹21.46 Cr. The final issue price of Goel Food Products IPO is ₹72.00 per share and of Modi's Navnirman IPO is ₹180.00 per share.

 Goel Food Products IPOModi's Navnirman IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹72.00 per share₹180.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares800 shares
Fresh Issue Size4,49,600 shares11,92,000 shares
Fresh Issue Size (Amount)up to ₹3.24 Crup to ₹21.46 Cr
OFS Issue Size5,00,800 shares0 shares
OFS Issue Size (Amount)up to ₹3.61 Crup to ₹0.00 Cr
Issue Size Total9,50,400 shares11,92,000 shares
Issue Size Total (Amount)up to ₹6.84 Crup to ₹21.46 Cr

IPO Timetable

Goel Food Products IPO opens on Jun 15, 2022, while Modi's Navnirman IPO opens on Jun 23, 2022. The closing date of Goel Food Products IPO and Modi's Navnirman IPO is Jun 20, 2022, and Jun 28, 2022, respectively.

 Goel Food Products IPOModi's Navnirman IPO
Anchor Bid Date
Issue OpenJun 15, 2022Jun 23, 2022
Issue CloseJun 20, 2022Jun 28, 2022
Basis Of Allotment (Tentative)Jun 23, 2022Jul 01, 2022
Initiation of Refunds (Tentative)Jun 24, 2022Jul 04, 2022
Credit of Share (Tentative)Jun 27, 2022Jul 05, 2022
Listing date (Tentative)Jun 28, 2022Jul 06, 2022
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Goel Food Products IPO P/E ratio is 10.84, as compared to Modi's Navnirman IPO P/E ratio of 57.32.

 Goel Food Products IPOModi's Navnirman IPO
Financials
Goel Food Products Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-192903.581386.7148.38741.93660.19
31-Mar-203532.841606.8463.1754.48672.74
31-Mar-212654.34753.85-0.76753.73671.99
31-Dec-214563.021200.68187.65941.38859.64
Amount in ₹ Lakhs
Modi's Navnirman Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After Tax
31-Mar-20998.482195.46139.78
31-Mar-21735.211322.3437.83
31-Mar-223098.291151.07132.7
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)99.9899.98
Promoter Shareholding (Post-Issue)73.4170.20
P/E Ratio10.8457.32
Market Cap₹27.15 Cr.₹76.14 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Goel Food Products IPO Retail Individual Investors (RII) are offered 4,75,200 shares while in Modi's Navnirman IPO retail investors are offered 4,75,200 shares. Qualified Institutional Buyers (QIB) are offered in Goel Food Products IPO and in Modi's Navnirman IPO.

 Goel Food Products IPOModi's Navnirman IPO
Anchor Investor Reserveration
Market Maker Reserveration51,200 shares68,000 shares
QIB
NII4,75,200 shares5,96,000 shares
RII4,75,200 shares5,96,000 shares
Employee
Others
Total9,50,400 shares11,92,000 shares

Bids Received (Subscription)

Goel Food Products IPO subscribed 1.64x in total, whereas Modi's Navnirman IPO subscribed 1.99x.

 Goel Food Products IPOModi's Navnirman IPO
QIB (times)
NII (times)1.21x2.76x
Big NII (times)
Small NII (times)
RII (times)2.07x1.22x
Employee (times)
Other (times)
Total (times)1.64x1.99x