Anand Rayons IPO vs Parshva Enterprises IPO

Comparison between Anand Rayons IPO and Parshva Enterprises IPO.

IPO Details

Anand Rayons IPO is a SME Fixed Price IPO proposed to list at BSE SME while Parshva Enterprises IPO is a SME Fixed Price proposed to list at BSE SME.

Issue Size and Price

The total issue size of Anand Rayons IPO is up to ₹12.01 Cr whereas the issue size of the Parshva Enterprises IPO is up to ₹3.46 Cr. The final issue price of Anand Rayons IPO is ₹27.00 per share and of Parshva Enterprises IPO is ₹45.00 per share.

 Anand Rayons IPOParshva Enterprises IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹27.00 per share₹45.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size4000 shares3000 shares
Fresh Issue Size44,48,000 shares7,68,000 shares
Fresh Issue Size (Amount)up to ₹12.01 Crup to ₹3.46 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total44,48,000 shares7,68,000 shares
Issue Size Total (Amount)up to ₹12.01 Crup to ₹3.46 Cr

IPO Timetable

Anand Rayons IPO opens on Jun 18, 2019, while Parshva Enterprises IPO opens on Jun 19, 2019. The closing date of Anand Rayons IPO and Parshva Enterprises IPO is Jun 24, 2019, and Jun 21, 2019, respectively.

 Anand Rayons IPOParshva Enterprises IPO
Issue OpenJun 18, 2019Jun 19, 2019
Issue CloseJun 24, 2019Jun 21, 2019
Basis Of Allotment (Tentative)Jun 27, 2019Jun 27, 2019
Initiation of Refunds (Tentative)Jun 28, 2019Jun 28, 2019
Credit of Share (Tentative)Jul 01, 2019Jun 28, 2019
Listing date (Tentative)Jul 02, 2019Jul 01, 2019

Financials & KPIs

Anand Rayons IPO P/E ratio is , as compared to Parshva Enterprises IPO P/E ratio of .

 Anand Rayons IPOParshva Enterprises IPO
Financials

Company Financials (Restated)

Period Ended31 Jan 201931 Mar 201831 Mar 201731 Mar 2016
Assets61.0359.4258.0937.96
Total Income231.76259.59270.62219.92
Profit After Tax1.721.451.050.46
EBITDA5.226.575.203.09
NET Worth13.478.726.665.36
Reserves and Surplus3.181.45
Total Borrowing28.2532.6630.1423.17
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Mar 201931 Mar 2018
Assets3.582.05
Total Income7.134.77
Profit After Tax0.300.04
EBITDA0.450.08
NET Worth3.202.01
Reserves and Surplus1.040.04
Total Borrowing0.230.00
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100%100%
Promoter Shareholding (Post-Issue)68.71%73.09%
Market Cap₹40.46 Cr.₹13.55 Cr.

Shares Offered

In the Anand Rayons IPO Retail Individual Investors (RII) are offered 22,24,000 shares while in Parshva Enterprises IPO retail investors are offered 22,24,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Anand Rayons IPO and in Parshva Enterprises IPO.

 Anand Rayons IPOParshva Enterprises IPO
Anchor Investor Reservation0 shares
Market Maker Reservation2,40,000 shares42,000 shares
QIB0 shares
NII22,24,000 shares3,84,000 shares
RII22,24,000 shares3,84,000 shares
Employee0 shares
Total44,48,000 shares7,68,000 shares

Bids Received (Subscription)

Anand Rayons IPO subscribed 1.17x in total, whereas Parshva Enterprises IPO subscribed 1.20x.

 Anand Rayons IPOParshva Enterprises IPO
NII (times)1.86x1.65x
RII (times)0.48x0.74x
Total (times)1.17x1.20x

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Anand Rayons IPO Vs Parshva Enterprises IPO