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Goel Food Products IPO vs Rachana Infrastructure IPO

Comparison between Goel Food Products IPO and Rachana Infrastructure IPO.

IPO Details

Goel Food Products IPO is a SME Fixed Price IPO proposed to list at BSE SME while Rachana Infrastructure IPO is a SME Fixed Price proposed to list at NSE SME.

 Goel Food Products IPORachana Infrastructure IPO
LogoGoel Food Products IPO LogoRachana Infrastructure IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMENSE SME
Lead ManagersGretex Corporate Services Ltd.Interactive Financial Services Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerGretex Share Broking Pvt.Ltd.NNM Securities Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Goel Food Products IPO is up to ₹6.84 Cr whereas the issue size of the Rachana Infrastructure IPO is up to ₹72.44 Cr. The final issue price of Goel Food Products IPO is ₹72.00 per share and of Rachana Infrastructure IPO is ₹135.00 per share.

 Goel Food Products IPORachana Infrastructure IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹72.00 per share₹135.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares1000 shares
Fresh Issue Size4,49,600 shares25,41,000 shares
Fresh Issue Size (Amount)up to ₹3.24 Crup to ₹34.30 Cr
OFS Issue Size5,00,800 shares28,25,000 shares
OFS Issue Size (Amount)up to ₹3.61 Crup to ₹38.14 Cr
Issue Size Total9,50,400 shares53,66,000 shares
Issue Size Total (Amount)up to ₹6.84 Crup to ₹72.44 Cr

IPO Timetable

Goel Food Products IPO opens on Jun 15, 2022, while Rachana Infrastructure IPO opens on May 20, 2022. The closing date of Goel Food Products IPO and Rachana Infrastructure IPO is Jun 20, 2022, and Jun 02, 2022, respectively.

 Goel Food Products IPORachana Infrastructure IPO
Anchor Bid Date
Issue OpenJun 15, 2022May 20, 2022
Issue CloseJun 20, 2022Jun 02, 2022
Basis Of Allotment (Tentative)Jun 23, 2022
Initiation of Refunds (Tentative)Jun 24, 2022
Credit of Share (Tentative)Jun 27, 2022
Listing date (Tentative)Jun 28, 2022Jun 10, 2022
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Goel Food Products IPO P/E ratio is 10.84, as compared to Rachana Infrastructure IPO P/E ratio of 138.

 Goel Food Products IPORachana Infrastructure IPO
Financials
Goel Food Products Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-192903.581386.7148.38741.93660.19
31-Mar-203532.841606.8463.1754.48672.74
31-Mar-212654.34753.85-0.76753.73671.99
31-Dec-214563.021200.68187.65941.38859.64
Amount in ₹ Lakhs
Summary of financial Information (Restated Standalone)
Particulars For the year/period ended (₹ in Lakhs)
31-Dec-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 8,784.50 8,043.07 10,618.21 7,981.82
Total Revenue 4,171.07 10,705.67 15,840.55 11,393.32
Profit After Tax 139.85 455.31 597.13 466.45
Promoter Shareholding (Pre-Issue)99.9883.44
Promoter Shareholding (Post-Issue)73.41
P/E Ratio10.84138
Market Cap₹27.15 Cr.₹256.75 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Goel Food Products IPO Retail Individual Investors (RII) are offered 4,75,200 shares while in Rachana Infrastructure IPO retail investors are offered 4,75,200 shares. Qualified Institutional Buyers (QIB) are offered in Goel Food Products IPO and in Rachana Infrastructure IPO.

 Goel Food Products IPORachana Infrastructure IPO
Anchor Investor Reserveration
Market Maker Reserveration51,200 shares2,84,000 shares
QIB
NII4,75,200 shares26,83,000 shares
RII4,75,200 shares26,83,000 shares
Employee
Others
Total9,50,400 shares53,66,000 shares

Bids Received (Subscription)

Goel Food Products IPO subscribed 1.64x in total, whereas Rachana Infrastructure IPO subscribed 1.21x.

 Goel Food Products IPORachana Infrastructure IPO
QIB (times)
NII (times)1.21x1.82x
Big NII (times)
Small NII (times)
RII (times)2.07x0.60x
Employee (times)
Other (times)
Total (times)1.64x1.21x