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Quality RO Industries IPO vs Safa Systems IPO

Comparison between Quality RO Industries IPO and Safa Systems IPO.

IPO Details

Quality RO Industries IPO is a SME Fixed Price IPO proposed to list at BSE SME while Safa Systems IPO is a SME Fixed Price proposed to list at BSE SME.

 Quality RO Industries IPOSafa Systems IPO
LogoQuality RO Industries IPO LogoSafa Systems IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMEBSE SME
Lead ManagersShreni Shares Ltd.Finshore Management Services Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Cameo Corporate Services Ltd.
Market MakerShreni Shares Ltd.Nikunj Stock Brokers 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 Quality RO Industries IPO is up to ₹2.55 Cr whereas the issue size of the Safa Systems IPO is up to ₹3.80 Cr. The final issue price of Quality RO Industries IPO is ₹51.00 per share and of Safa Systems IPO is ₹10.00 per share.

 Quality RO Industries IPOSafa Systems IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹51.00 per share₹10.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size2000 shares10000 shares
Fresh Issue Size5,00,000 shares38,00,000 shares
Fresh Issue Size (Amount)up to ₹2.55 Crup to ₹3.80 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total5,00,000 shares38,00,000 shares
Issue Size Total (Amount)up to ₹2.55 Crup to ₹3.80 Cr

IPO Timetable

Quality RO Industries IPO opens on Jan 27, 2022, while Safa Systems IPO opens on Jan 28, 2022. The closing date of Quality RO Industries IPO and Safa Systems IPO is Feb 01, 2022, and Feb 01, 2022, respectively.

 Quality RO Industries IPOSafa Systems IPO
Issue OpenJan 27, 2022Jan 28, 2022
Issue CloseFeb 01, 2022Feb 01, 2022
Basis Of Allotment (Tentative)Feb 04, 2022Feb 04, 2022
Initiation of Refunds (Tentative)Feb 07, 2022Feb 07, 2022
Credit of Share (Tentative)Feb 08, 2022Feb 08, 2022
Listing date (Tentative)Feb 09, 2022Feb 09, 2022

Financials & KPIs

Quality RO Industries IPO P/E ratio is 113, as compared to Safa Systems IPO P/E ratio of 29.41.

 Quality RO Industries IPOSafa Systems IPO
Financials

Company Financials (Restated)

Period Ended30 Nov 2021
Assets2.50
Total Income0.17
Profit After Tax0.01
EBITDA0.04
NET Worth1.58
Reserves and Surplus0.18
Total Borrowing0.53
Amount in ₹ Crore

Company Financials (Restated)

Period Ended07 Oct 202131 Mar 202131 Mar 202031 Mar 2019
Assets44.6848.9340.2738.81
Total Income145.19208.66255.23255.74
Profit After Tax0.270.290.310.36
EBITDA1.672.333.202.26
NET Worth8.448.448.448.17
Total Borrowing29.2129.0025.5620.41
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)84%100%
Promoter Shareholding (Post-Issue)60.93%73.47%
P/E Ratio11329.41
Market Cap₹9.84 Cr.₹15.08 Cr.
RoNW3.48

Shares Offered

In the Quality RO Industries IPO Retail Individual Investors (RII) are offered 2,50,000 shares while in Safa Systems IPO retail investors are offered 2,50,000 shares. Qualified Institutional Buyers (QIB) are offered in Quality RO Industries IPO and in Safa Systems IPO.

 Quality RO Industries IPOSafa Systems IPO
Market Maker Reservation30,000 shares2,00,000 shares
NII2,50,000 shares19,00,000 shares
RII2,50,000 shares19,00,000 shares
Total5,00,000 shares38,00,000 shares

Bids Received (Subscription)

Quality RO Industries IPO subscribed 7.26x in total, whereas Safa Systems IPO subscribed 52.71x.

 Quality RO Industries IPOSafa Systems IPO
NII (times)4.46x64.61x
RII (times)10.06x40.81x
Total (times)7.26x52.71x

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Quality RO Industries IPOSafa Systems IPO
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Compare:

Quality RO Industries IPO Vs Safa Systems IPO