Nitiraj Engineers IPO vs RMC Switchgears IPO

Comparison between Nitiraj Engineers IPO and RMC Switchgears IPO.

IPO Details

Nitiraj Engineers IPO is a SME Fixed Price IPO proposed to list at NSE SME while RMC Switchgears IPO is a SME Fixed Price proposed to list at BSE SME.

Issue Size and Price

The total issue size of Nitiraj Engineers IPO is up to ₹20.90 Cr whereas the issue size of the RMC Switchgears IPO is up to ₹3.89 Cr. The final issue price of Nitiraj Engineers IPO is ₹100.00 per share and of RMC Switchgears IPO is ₹27.00 per share.

 Nitiraj Engineers IPORMC Switchgears IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹100.00 per share₹27.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size1200 shares4000 shares
Fresh Issue Size20,90,400 shares6,72,000 shares
Fresh Issue Size (Amount)up to ₹20.90 Crup to ₹1.81 Cr
OFS Issue Size0 shares7,68,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹2.07 Cr
Issue Size Total20,90,400 shares14,40,000 shares
Issue Size Total (Amount)up to ₹20.90 Crup to ₹3.89 Cr

IPO Timetable

Nitiraj Engineers IPO opens on Feb 20, 2017, while RMC Switchgears IPO opens on Feb 28, 2017. The closing date of Nitiraj Engineers IPO and RMC Switchgears IPO is Mar 01, 2017, and Mar 03, 2017, respectively.

 Nitiraj Engineers IPORMC Switchgears IPO
Issue OpenFeb 20, 2017Feb 28, 2017
Issue CloseMar 01, 2017Mar 03, 2017
Basis Of Allotment (Tentative)Mar 06, 2017Mar 08, 2017
Listing date (Tentative)Mar 09, 2017Mar 14, 2017

Financials & KPIs

Nitiraj Engineers IPO P/E ratio is , as compared to RMC Switchgears IPO P/E ratio of .

 Nitiraj Engineers IPORMC Switchgears IPO
Financials

Company Financials (Restated)

Period Ended30 Sep 201631 Mar 201631 Mar 201531 Mar 2014
Assets50.3349.0937.0632.70
Total Income32.0156.5443.8741.17
Profit After Tax4.515.504.183.89
NET Worth37.6133.4728.0623.87
Reserves and Surplus31.6127.4727.0622.87
Total Borrowing5.427.192.020.25
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Sep 201631 Mar 201631 Mar 201531 Mar 2014
Assets59.2749.0845.6342.88
Total Income26.1055.8545.7440.87
Profit After Tax0.860.790.240.20
NET Worth10.9510.109.319.09
Reserves and Surplus6.639.028.238.01
Total Borrowing25.8424.0820.2223.01
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)90.00%83.09%
Promoter Shareholding (Post-Issue)65.85%58.16%
Market Cap₹82.01 Cr.₹13.75 Cr.

Shares Offered

In the Nitiraj Engineers IPO Retail Individual Investors (RII) are offered 10,45,200 shares while in RMC Switchgears IPO retail investors are offered 10,45,200 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Nitiraj Engineers IPO and 0 shares in RMC Switchgears IPO.

 Nitiraj Engineers IPORMC Switchgears IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation1,10,400 shares96,000 shares
QIB0 shares0 shares
NII10,45,200 shares7,20,000 shares
RII10,45,200 shares7,20,000 shares
Employee0 shares0 shares
Total20,90,400 shares14,40,000 shares

Bids Received (Subscription)

Nitiraj Engineers IPO subscribed 1.43x in total, whereas RMC Switchgears IPO subscribed 24.85x.

 Nitiraj Engineers IPORMC Switchgears IPO
NII (times)1.68x0.00x
RII (times)1.18x0.00x
Total (times)1.43x24.85x

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Nitiraj Engineers IPO Vs RMC Switchgears IPO