PNGS Gargi Fashion Jewellery IPO vs RBM Infracon IPO

Comparison between PNGS Gargi Fashion Jewellery IPO and RBM Infracon IPO.

IPO Details

PNGS Gargi Fashion Jewellery IPO is a SME Fixed Price IPO proposed to list at BSE SME while RBM Infracon IPO is a SME Fixed Price proposed to list at NSE SME.

Issue Size and Price

The total issue size of PNGS Gargi Fashion Jewellery IPO is up to ₹7.39 Cr whereas the issue size of the RBM Infracon IPO is up to ₹7.95 Cr. The final issue price of PNGS Gargi Fashion Jewellery IPO is ₹30.00 per share and of RBM Infracon IPO is ₹36.00 per share.

 PNGS Gargi Fashion Jewellery IPORBM Infracon IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹30.00 per share₹36.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size4000 shares3000 shares
Fresh Issue Size24,64,000 shares22,08,000 shares
Fresh Issue Size (Amount)up to ₹7.39 Crup to ₹7.95 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total24,64,000 shares22,08,000 shares
Issue Size Total (Amount)up to ₹7.39 Crup to ₹7.95 Cr

IPO Timetable

PNGS Gargi Fashion Jewellery IPO opens on Dec 08, 2022, while RBM Infracon IPO opens on Dec 23, 2022. The closing date of PNGS Gargi Fashion Jewellery IPO and RBM Infracon IPO is Dec 13, 2022, and Dec 27, 2022, respectively.

 PNGS Gargi Fashion Jewellery IPORBM Infracon IPO
Issue OpenDec 08, 2022Dec 23, 2022
Issue CloseDec 13, 2022Dec 27, 2022
Basis Of Allotment (Tentative)Dec 16, 2022Dec 30, 2022
Initiation of Refunds (Tentative)Dec 19, 2022Jan 02, 2023
Credit of Share (Tentative)Dec 20, 2022Jan 03, 2023
Listing date (Tentative)Dec 20, 2022Jan 04, 2023

Financials & KPIs

PNGS Gargi Fashion Jewellery IPO P/E ratio is 6.77, as compared to RBM Infracon IPO P/E ratio of 11.61.

 PNGS Gargi Fashion Jewellery IPORBM Infracon IPO
Financials

Company Financials (Restated)

Period Ended30 Sep 202231 Mar 202231 Mar 202131 Mar 2020
Assets12.488.360.030.03
Total Income11.895.940.010.00
Profit After Tax2.131.110.000.00
NET Worth10.731.100.020.01
Total Borrowing5.310.000.00
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Jun 202231 Mar 202231 Mar 202131 Mar 2020
Assets24.5025.0423.3421.16
Total Income10.2747.6338.8935.17
Profit After Tax0.651.91-1.33-0.12
NET Worth7.196.544.635.40
Reserves and Surplus6.635.984.074.88
Total Borrowing6.418.518.136.67
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100%100%
Promoter Shareholding (Post-Issue)73%72.45%
P/E Ratio6.7711.61
Market Cap₹28.88 Cr.₹30.39 Cr.
ROE98.734.23
ROCE23.6919.7
Debt/Equity4.742.83
EPS₹1105.30₹3.12
RoNW100.9429.22

Shares Offered

In the PNGS Gargi Fashion Jewellery IPO Retail Individual Investors (RII) are offered 12,32,000 shares while in RBM Infracon IPO retail investors are offered 12,32,000 shares. Qualified Institutional Buyers (QIB) are offered in PNGS Gargi Fashion Jewellery IPO and in RBM Infracon IPO.

 PNGS Gargi Fashion Jewellery IPORBM Infracon IPO
Market Maker Reservation1,36,000 shares1,17,000 shares
NII12,32,000 shares11,04,000 shares
RII12,32,000 shares11,04,000 shares
Total24,64,000 shares22,08,000 shares

Bids Received (Subscription)

PNGS Gargi Fashion Jewellery IPO subscribed 230.94x in total, whereas RBM Infracon IPO subscribed 40.32x.

 PNGS Gargi Fashion Jewellery IPORBM Infracon IPO
NII (times)213.21x46.32x
RII (times)248.68x34.33x
Total (times)230.94x40.32x

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