Comparison between Gajanand International IPO and Paramount Speciality Forgings IPO.
Gajanand International IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Paramount Speciality Forgings IPO is a SME Bookbuilding proposed to list at NSE SME.
| Gajanand International IPO | Paramount Speciality Forgings IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Bookbuilding |
| Listing At | NSE SME | NSE SME |
| Lead Managers | Fast Track Finsec Pvt.Ltd. | Swaraj shares & securities Pvt.Ltd. |
| Registrar | Skyline Financial Services Pvt.Ltd. | Purva Sharegistry (India) Pvt.Ltd. |
| Market Maker | Nikunj Stock Brokers Ltd. | Shreni Shares Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Gajanand International IPO is up to ₹19.61 Cr whereas the issue size of the Paramount Speciality Forgings IPO is up to ₹30.72 Cr. The final issue price of Gajanand International IPO is ₹36.00 per share and of Paramount Speciality Forgings IPO is ₹59.00 per share.
| Gajanand International IPO | Paramount Speciality Forgings IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹57.00 per share | |
| Issue Price (Upper) | ₹59.00 per share | |
| Issue Price (Final) | ₹36.00 per share | ₹59.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 3000 shares | 2000 shares |
| Fresh Issue Size | 54,48,000 shares | 45,26,000 shares |
| Fresh Issue Size (Amount) | up to ₹19.61 Cr | up to ₹26.70 Cr |
| OFS Issue Size | 0 shares | 6,80,000 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹4.01 Cr |
| Issue Size Total | 54,48,000 shares | 52,06,000 shares |
| Issue Size Total (Amount) | up to ₹19.61 Cr | up to ₹30.72 Cr |
Gajanand International IPO opens on Sep 09, 2024, while Paramount Speciality Forgings IPO opens on Sep 17, 2024. The closing date of Gajanand International IPO and Paramount Speciality Forgings IPO is Sep 11, 2024, and Sep 20, 2024, respectively.
| Gajanand International IPO | Paramount Speciality Forgings IPO | |
|---|---|---|
| Anchor Bid Date | Sep 16, 2024 | |
| Issue Open | Sep 09, 2024 | Sep 17, 2024 |
| Issue Close | Sep 11, 2024 | Sep 20, 2024 |
| Basis Of Allotment (Tentative) | Sep 12, 2024 | Sep 23, 2024 |
| Initiation of Refunds (Tentative) | Sep 13, 2024 | Sep 24, 2024 |
| Credit of Share (Tentative) | Sep 13, 2024 | Sep 24, 2024 |
| Listing date (Tentative) | Sep 16, 2024 | Sep 25, 2024 |
| Anchor Lockin End date 1 | Oct 22, 2024 | |
| Anchor Lockin End date 2 | Dec 21, 2024 |
Gajanand International IPO P/E ratio is 21.08, as compared to Paramount Speciality Forgings IPO P/E ratio of 12.1.
| Gajanand International IPO | Paramount Speciality Forgings IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Gajanand International Limited Financial Information (Restated)Gajanand International Limited's revenue increased by 48% and profit after tax (PAT) rose by 59% between the financial year ending with March 31, 2024 and March 31, 2023.
| Paramount Speciality Forgings Limited Financial Information (Restated)Paramount Speciality Forgings Limited's revenue increased by 1% and profit after tax (PAT) rose by 163% between the financial year ending with March 31, 2024 and March 31, 2023.
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| Promoter Shareholding (Pre-Issue) | 90.50 | 100.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 62.34 | 72.15 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 21.08 | 12.1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹67.81 Cr. | ₹116.12 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 19.30% | 32% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 29.72% | 40% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.68 | 1.09 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹1.71 | ₹4.87 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 19.30% | 31.65% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Gajanand International IPO Retail Individual Investors (RII) are offered 27,24,000 shares while in Paramount Speciality Forgings IPO retail investors are offered 27,24,000 shares. Qualified Institutional Buyers (QIB) are offered in Gajanand International IPO and 10,40,000 shares in Paramount Speciality Forgings IPO.
| Gajanand International IPO | Paramount Speciality Forgings IPO | |
|---|---|---|
| Anchor Investor Reserveration | 15,60,000 shares | |
| Market Maker Reserveration | 2,88,000 shares | 2,76,000 shares |
| QIB | 10,40,000 shares | |
| NII | 27,24,000 shares | 7,82,000 shares |
| RII | 27,24,000 shares | 18,24,000 shares |
| Employee | ||
| Others | ||
| Total | 54,48,000 shares | 52,06,000 shares |
Gajanand International IPO subscribed 15.27x in total, whereas Paramount Speciality Forgings IPO subscribed 73.88x.
| Gajanand International IPO | Paramount Speciality Forgings IPO | |
|---|---|---|
| QIB (times) | 20.88x | |
| NII (times) | 5.79x | 220.24x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 24.18x | 41.35x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 15.27x | 73.88x |
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