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IRIS Business Services IPO vs Omfurn India IPO

Comparison between IRIS Business Services IPO and Omfurn India IPO.

IPO Details

IRIS Business Services IPO is a SME Fixed Price IPO proposed to list at BSE SME while Omfurn India IPO is a SME Fixed Price proposed to list at NSE SME.

 IRIS Business Services IPOOmfurn India IPO
LogoIRIS Business Services IPO LogoOmfurn India IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMENSE SME
Lead ManagersPantomath Capital Advisors Pvt.Ltd.Sarthi Capital Advisors Pvt.Ltd.
RegistrarMUFG Intime India Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerAsit C.Mehta Investment Interrmediates Ltd.Choice Equity Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of IRIS Business Services IPO is up to ₹15.18 Cr whereas the issue size of the Omfurn India IPO is up to ₹3.95 Cr. The final issue price of IRIS Business Services IPO is ₹32.00 per share and of Omfurn India IPO is ₹23.00 per share.

 IRIS Business Services IPOOmfurn India IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹32.00 per share₹23.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size4000 shares6000 shares
Fresh Issue Size47,44,000 shares17,16,000 shares
Fresh Issue Size (Amount)up to ₹15.18 Crup to ₹3.95 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total47,44,000 shares17,16,000 shares
Issue Size Total (Amount)up to ₹15.18 Crup to ₹3.95 Cr

IPO Timetable

IRIS Business Services IPO opens on Sep 29, 2017, while Omfurn India IPO opens on Sep 29, 2017. The closing date of IRIS Business Services IPO and Omfurn India IPO is Oct 04, 2017, and Oct 05, 2017, respectively.

 IRIS Business Services IPOOmfurn India IPO
Issue OpenSep 29, 2017Sep 29, 2017
Issue CloseOct 04, 2017Oct 05, 2017
Basis Of Allotment (Tentative)Oct 09, 2017
Listing date (Tentative)Oct 11, 2017Oct 13, 2017

Financials & KPIs

IRIS Business Services IPO P/E ratio is , as compared to Omfurn India IPO P/E ratio of .

 IRIS Business Services IPOOmfurn India IPO
Financials

Company Financials (Restated Standalone)

Period Ended31 Mar 201731 Mar 201631 Mar 2015
Assets60.4963.9863.26
Total Income27.3432.7755.72
Profit After Tax-9.04-6.713.38
NET Worth19.9229.9335.68
Reserves and Surplus12.9922.9928.74
Total Borrowing15.2615.426.73
Amount in ₹ Crore

Company Financials (Restated Standalone)

Period Ended31 Mar 201731 Mar 201631 Mar 2015
Assets30.2330.2926.41
Total Income28.1943.8838.66
Profit After Tax1.611.871.31
NET Worth15.6814.0712.19
Reserves and Surplus10.6813.5711.69
Total Borrowing7.097.565.00
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)53.46%100%
Promoter Shareholding (Post-Issue)39.29%73.40%
Market Cap₹60.41 Cr.₹15.67 Cr.

Shares Offered

In the IRIS Business Services IPO Retail Individual Investors (RII) are offered 23,72,000 shares while in Omfurn India IPO retail investors are offered 23,72,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in IRIS Business Services IPO and 0 shares in Omfurn India IPO.

 IRIS Business Services IPOOmfurn India IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation2,60,000 shares96,000 shares
QIB0 shares0 shares
NII23,72,000 shares8,58,000 shares
RII23,72,000 shares8,58,000 shares
Employee0 shares0 shares
Total47,44,000 shares17,16,000 shares

Bids Received (Subscription)

IRIS Business Services IPO subscribed 2.39x in total, whereas Omfurn India IPO subscribed 1.35x.

 IRIS Business Services IPOOmfurn India IPO
NII (times)4.21x0.99x
RII (times)0.56x1.71x
Total (times)2.39x1.35x

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Compare:

IRIS Business Services IPO Vs Omfurn India IPO