Garv Industries IPO vs Narmada Agrobase IPO

Comparison between Garv Industries IPO and Narmada Agrobase IPO.

IPO Details

Garv Industries IPO is a SME Fixed Price IPO proposed to list at BSE SME while Narmada Agrobase IPO is a SME Fixed Price proposed to list at NSE SME.

Issue Size and Price

The total issue size of Garv Industries IPO is up to ₹3.03 Cr whereas the issue size of the Narmada Agrobase IPO is up to ₹7.09 Cr. The final issue price of Garv Industries IPO is ₹10.00 per share and of Narmada Agrobase IPO is ₹32.00 per share.

 Garv Industries IPONarmada Agrobase IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹10.00 per share₹32.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size10000 shares4000 shares
Fresh Issue Size30,30,000 shares22,16,000 shares
Fresh Issue Size (Amount)up to ₹3.03 Crup to ₹7.09 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total30,30,000 shares22,16,000 shares
Issue Size Total (Amount)up to ₹3.03 Crup to ₹7.09 Cr

IPO Timetable

Garv Industries IPO opens on Apr 12, 2018, while Narmada Agrobase IPO opens on Mar 28, 2018. The closing date of Garv Industries IPO and Narmada Agrobase IPO is Apr 17, 2018, and Apr 11, 2018, respectively.

 Garv Industries IPONarmada Agrobase IPO
Issue OpenApr 12, 2018Mar 28, 2018
Issue CloseApr 17, 2018Apr 11, 2018
Basis Of Allotment (Tentative)Apr 20, 2018Apr 16, 2018
Initiation of Refunds (Tentative)Apr 23, 2018
Credit of Share (Tentative)Apr 24, 2018
Listing date (Tentative)Apr 25, 2018Apr 19, 2018

Financials & KPIs

Garv Industries IPO P/E ratio is , as compared to Narmada Agrobase IPO P/E ratio of .

 Garv Industries IPONarmada Agrobase IPO
Financials

Company Financials (Restated)

Period Ended31 Jan 2018
Assets10.36
Total Income14.59
Profit After Tax0.11
NET Worth6.93
Reserves and Surplus0.11
Total Borrowing0.01
Amount in ₹ Crore

Company Financials (Restated Standalone)

Period Ended30 Sep 201731 Mar 201731 Mar 201631 Mar 2015
Assets13.9113.6710.738.96
Total Income17.4034.4530.7122.04
Profit After Tax0.210.300.190.14
NET Worth5.142.432.121.35
Reserves and Surplus2.540.610.300.11
Total Borrowing6.919.457.246.57
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100%100%
Promoter Shareholding (Post-Issue)68.63%68.92%
Market Cap₹10.20 Cr.₹24.09 Cr.

Shares Offered

In the Garv Industries IPO Retail Individual Investors (RII) are offered 15,15,000 shares while in Narmada Agrobase IPO retail investors are offered 15,15,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Garv Industries IPO and 0 shares in Narmada Agrobase IPO.

 Garv Industries IPONarmada Agrobase IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation1,70,000 shares1,24,000 shares
QIB0 shares0 shares
NII15,15,000 shares11,08,000 shares
RII15,15,000 shares11,08,000 shares
Employee0 shares0 shares
Total30,30,000 shares22,16,000 shares

Bids Received (Subscription)

Garv Industries IPO subscribed 2.13x in total, whereas Narmada Agrobase IPO subscribed 1.21x.

 Garv Industries IPONarmada Agrobase IPO
NII (times)2.28x0.93x
RII (times)1.98x1.48x
Total (times)2.13x1.21x

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