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Pushpanjali Realms IPO vs Riddhi Corporate IPO

Comparison between Pushpanjali Realms IPO and Riddhi Corporate IPO.

IPO Details

Pushpanjali Realms IPO is a SME Fixed Price IPO proposed to list at NSE SME while Riddhi Corporate IPO is a SME Fixed Price proposed to list at BSE SME.

 Pushpanjali Realms IPORiddhi Corporate IPO
LogoPushpanjali Realms IPO LogoRiddhi Corporate IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersSarthi Capital Advisors Pvt.Ltd.Gretex Corporate Services Ltd.
RegistrarBigshare Services Pvt.Ltd.Purva Sharegistry (India) Pvt.Ltd.
Market MakerChoice Equity Broking Pvt.Ltd.Beeline Broking 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 Pushpanjali Realms IPO is up to ₹13.82 Cr whereas the issue size of the Riddhi Corporate IPO is up to ₹11.70 Cr. The final issue price of Pushpanjali Realms IPO is ₹55.00 per share and of Riddhi Corporate IPO is ₹130.00 per share.

 Pushpanjali Realms IPORiddhi Corporate IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹55.00 per share₹130.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size2000 shares1000 shares
Fresh Issue Size25,12,000 shares9,00,000 shares
Fresh Issue Size (Amount)up to ₹13.82 Crup to ₹11.70 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total25,12,000 shares9,00,000 shares
Issue Size Total (Amount)up to ₹13.82 Crup to ₹11.70 Cr

IPO Timetable

Pushpanjali Realms IPO opens on Jun 27, 2017, while Riddhi Corporate IPO opens on Jun 12, 2017. The closing date of Pushpanjali Realms IPO and Riddhi Corporate IPO is Jun 30, 2017, and Jun 15, 2017, respectively.

 Pushpanjali Realms IPORiddhi Corporate IPO
Issue OpenJun 27, 2017Jun 12, 2017
Issue CloseJun 30, 2017Jun 15, 2017
Basis Of Allotment (Tentative)Jul 05, 2017
Listing date (Tentative)Jul 10, 2017Jun 22, 2017

Financials & KPIs

Pushpanjali Realms IPO P/E ratio is , as compared to Riddhi Corporate IPO P/E ratio of 16.

 Pushpanjali Realms IPORiddhi Corporate IPO
Financials

Company Financials (Restated Standalone)

Period Ended31 Dec 201631 Mar 201631 Mar 201531 Mar 2014
Assets66.7147.4022.218.41
Total Income18.4822.1513.461.18
Profit After Tax1.181.390.430.02
NET Worth7.526.340.450.03
Reserves and Surplus2.611.430.440.02
Total Borrowing14.9018.6414.896.64
Amount in ₹ Crore

Company Financials (Restated Standalone)

Period Ended31 Dec 201631 Mar 201631 Mar 201531 Mar 2014
Assets28.0721.8919.3114.10
Total Income45.0242.2527.5923.17
Profit After Tax1.923.122.730.90
NET Worth9.837.914.792.06
Total Borrowing1.591.661.351.57
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)78.57%100%
Promoter Shareholding (Post-Issue)57.81%70.77%
P/E Ratio16
Market Cap₹55.06 Cr.₹42.25 Cr.

Shares Offered

In the Pushpanjali Realms IPO Retail Individual Investors (RII) are offered 12,56,000 shares while in Riddhi Corporate IPO retail investors are offered 12,56,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Pushpanjali Realms IPO and 0 shares in Riddhi Corporate IPO.

 Pushpanjali Realms IPORiddhi Corporate IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation1,34,000 shares50,000 shares
QIB0 shares0 shares
NII12,56,000 shares4,50,000 shares
RII12,56,000 shares4,50,000 shares
Employee0 shares0 shares
Total25,12,000 shares9,00,000 shares

Bids Received (Subscription)

Pushpanjali Realms IPO subscribed 1.14x in total, whereas Riddhi Corporate IPO subscribed 2.22x.

 Pushpanjali Realms IPORiddhi Corporate IPO
NII (times)1.35x2.78x
RII (times)0.94x1.66x
Total (times)1.14x2.22x

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Compare:

Pushpanjali Realms IPO Vs Riddhi Corporate IPO