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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
Final ProspectusFinal Prospectus Final Prospectus
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 (Final)₹72.00 per share₹135.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
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
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

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

Company Financials (Restated)

Period Ended31 Dec 202131 Mar 202131 Mar 202031 Mar 2019
Assets45.6326.5435.3329.04
Total Income12.017.5416.0713.87
Profit After Tax1.88-0.010.631.48
NET Worth9.417.547.547.42
Reserves and Surplus8.606.726.736.60
Amount in ₹ Crore

Company Financials (Restated Standalone)

Period Ended31 Dec 202131 Mar 202131 Mar 202031 Mar 2019
Assets87.8580.43106.1879.82
Total Income41.71107.06158.41113.93
Profit After Tax1.404.555.974.66
EBITDA6.0712.6317.7017.14
NET Worth40.7139.1634.5528.44
Reserves and Surplus35.4533.9029.2923.18
Total Borrowing23.2025.4932.9435.02
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99.98%83.44%
Promoter Shareholding (Post-Issue)73.41%66.03%
P/E Ratio10.84138
Market Cap₹27.15 Cr.₹256.75 Cr.
ROE0
ROCE3
Debt/Equity1.980.57
EPS₹-0.09₹8.66
RoNW-0.111.63

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 0 shares in Goel Food Products IPO and 0 shares in Rachana Infrastructure IPO.

 Goel Food Products IPORachana Infrastructure IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation51,200 shares2,84,000 shares
QIB0 shares0 shares
NII4,75,200 shares26,83,000 shares
RII4,75,200 shares26,83,000 shares
Employee0 shares0 shares
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
NII (times)1.21x1.82x
RII (times)2.07x0.60x
Total (times)1.64x1.21x

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Goel Food Products IPORachana Infrastructure IPO
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Compare:

Goel Food Products IPO Vs Rachana Infrastructure IPO