Dolfin Rubbers IPO vs Parin Furniture IPO

Comparison between Dolfin Rubbers IPO and Parin Furniture IPO.

IPO Details

Dolfin Rubbers IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Parin Furniture IPO is a SME Bookbuilding proposed to list at NSE SME.

	Dolfin Rubbers IPO	Parin Furniture IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price	Bookbuilding
Listing At	BSE SME	NSE SME
Lead Managers	Oneview Corporate Advisors Pvt.Ltd.	Hem Securities Ltd.
Registrar	Bigshare Services Pvt.Ltd.	Kfin Technologies Ltd.
Market Maker	Guiness Securities Ltd.	Hem Finlease Pvt.Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Dolfin Rubbers IPO is up to ₹4.93 Cr whereas the issue size of the Parin Furniture IPO is up to ₹17.89 Cr. The final issue price of Dolfin Rubbers IPO is ₹26.00 per share and of Parin Furniture IPO is ₹63.00 per share.

	Dolfin Rubbers IPO	Parin Furniture IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹60.00 per share
Issue Price (Upper)		₹63.00 per share
Issue Price (Final)	₹26.00 per share	₹63.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	4000 shares	2000 shares
Fresh Issue Size	18,96,000 shares	28,40,000 shares
Fresh Issue Size (Amount)	up to ₹4.93 Cr	up to ₹17.89 Cr
OFS Issue Size	0 shares	0 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹0.00 Cr
Issue Size Total	18,96,000 shares	28,40,000 shares
Issue Size Total (Amount)	up to ₹4.93 Cr	up to ₹17.89 Cr

IPO Timetable

Dolfin Rubbers IPO opens on Sep 27, 2018, while Parin Furniture IPO opens on Sep 26, 2018. The closing date of Dolfin Rubbers IPO and Parin Furniture IPO is Oct 01, 2018, and Sep 28, 2018, respectively.

	Dolfin Rubbers IPO	Parin Furniture IPO
Anchor Bid Date
Issue Open	Sep 27, 2018	Sep 26, 2018
Issue Close	Oct 01, 2018	Sep 28, 2018
Basis Of Allotment (Tentative)		Oct 04, 2018
Initiation of Refunds (Tentative)		Oct 05, 2018
Credit of Share (Tentative)		Oct 05, 2018
Listing date (Tentative)	Oct 10, 2018	Oct 09, 2018
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Dolfin Rubbers IPO P/E ratio is , as compared to Parin Furniture IPO P/E ratio of .

Dolfin Rubbers IPO

Parin Furniture IPO

Financials

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Lakhs)
	31-Jan-18	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13
Total Assets	1,814.92	1,651.05	1,261.86	1,298.04	1,588.87	1,402.92
Total Revenue	4,220.09	4,308.65	4,092.37	3,255.34	2,856.57	2,503.22
Profit After Tax	102.91	69.56	52.81	67.33	56.83	50.01

Summary of financial Information (Restated Standalone)
Particulars	For the year/period ended (in Rs. Lakhs)
	31-Mar-18	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14
Total Assets	4,663.61	4,334.86	3,963.39	1,948.67	1,673.60
Total Revenue	6,459.34	5,994.04	6,178.46	2,875.78	3,002.76
Profit After Tax	261.78	135.54	101.57	27.53	60.82

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (in Rs. Lakhs)
	31-Mar-18
Total Assets	5,744.18
Total Revenue	6,532.36
Profit After Tax	416.62

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Dolfin Rubbers IPO Retail Individual Investors (RII) are offered 9,48,000 shares while in Parin Furniture IPO retail investors are offered 9,48,000 shares. Qualified Institutional Buyers (QIB) are offered in Dolfin Rubbers IPO and 2,84,000 shares in Parin Furniture IPO.

	Dolfin Rubbers IPO	Parin Furniture IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,04,000 shares	1,60,000 shares
QIB		2,84,000 shares
NII	9,48,000 shares	15,62,000 shares
RII	9,48,000 shares	9,94,000 shares
Employee
Others
Total	18,96,000 shares	28,40,000 shares

Bids Received (Subscription)

Dolfin Rubbers IPO subscribed 1.25x in total, whereas Parin Furniture IPO subscribed 2.45x.

	Dolfin Rubbers IPO	Parin Furniture IPO
QIB (times)
NII (times)	1.82x	2.08x
Big NII (times)
Small NII (times)
RII (times)	0.68x	2.62x
Employee (times)
Other (times)
Total (times)	1.25x	2.45x

Compare with others

Dolfin Rubbers IPO	Parin Furniture IPO
AKI India IPO	Dolfin Rubbers IPO
Veeram Infra Engineering IPO	Vinny Overseas IPO
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Sun Retail IPO	Silgo Retail IPO
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Vinny Overseas IPO	Rajnandini Metal IPO
Kritika Wires IPO	Mindpool Technologies IPO
Silgo Retail IPO	A-1 Acid IPO
Marine Electricals IPO	Innovative Ideals IPO
Parin Furniture IPO	Mac Hotels IPO