Oceanic Foods IPO vs Prime Customer IPO

Comparison between Oceanic Foods IPO and Prime Customer IPO.

IPO Details

Oceanic Foods IPO is a SME Fixed Price IPO proposed to list at BSE SME while Prime Customer IPO is a SME Fixed Price proposed to list at BSE SME.

Issue Size and Price

The total issue size of Oceanic Foods IPO is up to ₹6.16 Cr whereas the issue size of the Prime Customer IPO is up to ₹6.91 Cr. The final issue price of Oceanic Foods IPO is ₹65.00 per share and of Prime Customer IPO is ₹60.00 per share.

 Oceanic Foods IPOPrime Customer IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹65.00 per share₹60.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size2000 shares2000 shares
Fresh Issue Size9,48,000 shares3,88,000 shares
Fresh Issue Size (Amount)up to ₹6.16 Crup to ₹2.33 Cr
OFS Issue Size0 shares7,64,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹4.58 Cr
Issue Size Total9,48,000 shares11,52,000 shares
Issue Size Total (Amount)up to ₹6.16 Crup to ₹6.91 Cr

IPO Timetable

Oceanic Foods IPO opens on Mar 20, 2017, while Prime Customer IPO opens on Mar 20, 2017. The closing date of Oceanic Foods IPO and Prime Customer IPO is Mar 22, 2017, and Mar 23, 2017, respectively.

 Oceanic Foods IPOPrime Customer IPO
Issue OpenMar 20, 2017Mar 20, 2017
Issue CloseMar 22, 2017Mar 23, 2017
Basis Of Allotment (Tentative)Mar 27, 2017Mar 28, 2017
Listing date (Tentative)Mar 31, 2017Mar 31, 2017

Financials & KPIs

Oceanic Foods IPO P/E ratio is , as compared to Prime Customer IPO P/E ratio of .

 Oceanic Foods IPOPrime Customer IPO
Financials

Company Financials (Restated)

Period Ended30 Sep 201631 Mar 201631 Mar 201531 Mar 2014
Assets44.6238.8238.5035.23
Total Income39.7662.8481.3471.53
Profit After Tax0.371.701.231.30
NET Worth9.889.517.896.77
Reserves and Surplus7.136.767.646.52
Total Borrowing31.2024.9420.5519.95
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Sep 201631 Mar 201631 Mar 201531 Mar 2014
Assets7.607.076.115.64
Total Income13.9221.0519.6217.48
Profit After Tax0.250.270.080.10
EBITDA0.591.030.720.62
NET Worth3.963.712.471.94
Reserves and Surplus0.922.191.551.39
Total Borrowing2.582.052.061.78
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)97.00%91.93%
Promoter Shareholding (Post-Issue)71.13%58.21%
Market Cap₹24.38 Cr.₹20.96 Cr.

Shares Offered

In the Oceanic Foods IPO Retail Individual Investors (RII) are offered 4,74,000 shares while in Prime Customer IPO retail investors are offered 4,74,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Oceanic Foods IPO and 0 shares in Prime Customer IPO.

 Oceanic Foods IPOPrime Customer IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation52,000 shares62,000 shares
QIB0 shares0 shares
NII4,74,000 shares5,76,000 shares
RII4,74,000 shares5,76,000 shares
Employee0 shares0 shares
Total9,48,000 shares11,52,000 shares

Bids Received (Subscription)

Oceanic Foods IPO subscribed 2.38x in total, whereas Prime Customer IPO subscribed 1.37x.

 Oceanic Foods IPOPrime Customer IPO
NII (times)0.00x0.00x
RII (times)0.00x0.00x
Total (times)2.38x1.37x

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