Ganesh Infraworld IPO vs Rajesh Power IPO

Comparison between Ganesh Infraworld IPO and Rajesh Power IPO.

IPO Details

Ganesh Infraworld IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Rajesh Power IPO is a SME Bookbuilding proposed to list at BSE SME.

	Ganesh Infraworld IPO	Rajesh Power IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	NSE SME	BSE SME
Lead Managers	Vivro Financial Services Pvt.Ltd.	ISK Advisors Pvt.Ltd.
Registrar	MUFG Intime India Pvt.Ltd.	Bigshare Services Pvt.Ltd.
Market Maker	Rikhav Securities Ltd.	Sunflower Broking Pvt.Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Ganesh Infraworld IPO is up to ₹88.72 Cr whereas the issue size of the Rajesh Power IPO is up to ₹152.29 Cr. The final issue price of Ganesh Infraworld IPO is ₹83.00 per share and of Rajesh Power IPO is ₹335.00 per share.

	Ganesh Infraworld IPO	Rajesh Power IPO
Face Value	₹5 per share	₹10 per share
Issue Price (Lower)	₹78.00 per share	₹319.00 per share
Issue Price (Upper)	₹83.00 per share	₹335.00 per share
Issue Price (Final)	₹83.00 per share	₹335.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	1600 shares	400 shares
Fresh Issue Size	1,06,89,600 shares	25,46,000 shares
Fresh Issue Size (Amount)	up to ₹88.72 Cr	up to ₹85.29 Cr
OFS Issue Size	0 shares	20,00,000 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹67.00 Cr
Issue Size Total	1,06,89,600 shares	45,46,000 shares
Issue Size Total (Amount)	up to ₹88.72 Cr	up to ₹152.29 Cr

IPO Timetable

Ganesh Infraworld IPO opens on Nov 29, 2024, while Rajesh Power IPO opens on Nov 25, 2024. The closing date of Ganesh Infraworld IPO and Rajesh Power IPO is Dec 03, 2024, and Nov 27, 2024, respectively.

	Ganesh Infraworld IPO	Rajesh Power IPO
Anchor Bid Date	Nov 28, 2024	Nov 22, 2024
Issue Open	Nov 29, 2024	Nov 25, 2024
Issue Close	Dec 03, 2024	Nov 27, 2024
Basis Of Allotment (Tentative)	Dec 04, 2024	Nov 28, 2024
Initiation of Refunds (Tentative)	Dec 05, 2024	Nov 29, 2024
Credit of Share (Tentative)	Dec 05, 2024	Nov 29, 2024
Listing date (Tentative)	Dec 06, 2024	Dec 02, 2024
Anchor Lockin End date 1	Jan 03, 2025	Dec 28, 2024
Anchor Lockin End date 2	Mar 04, 2025	Feb 26, 2025

Financials & KPIs

Ganesh Infraworld IPO P/E ratio is 16.47, as compared to Rajesh Power IPO P/E ratio of 19.59.

Ganesh Infraworld IPO

Rajesh Power IPO

Financials

Ganesh Infraworld Limited Financial Information (Restated)

Ganesh Infraworld Limited's revenue increased by 116% and profit after tax (PAT) rose by 198% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Aug 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	12,006.17	17,725.32	4,266.89	2,529.77
Total Income	21,232.86	29,181.12	13,504.85	8,115.46
Profit After Tax	1,537.2	1,554.47	520.92	188.75
Net Worth	6,617.24	3,720.04	1,515.22	819.44
Reserves and Surplus	5,075.01	2,622.26
Total Borrowing	1,033.02	3,072.42	708.96	304.99
Amount in ₹ Lakhs

Rajesh Power Services Limited Financial Information (Restated Standalone)

Rajesh Power Services Limited's revenue increased by 39.72% and profit after tax (PAT) rose by 285.44% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	30 Sep 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	33,822.42	24,039.00	19,823.38	17,562.82
Total Income	31,785.09	29,506.07	21,117.57	14,936.84
Profit After Tax	2,768.25	2,602.29	675.15	344.60
Net Worth	11,122.22	8,430.05	5,865.80	5,228.69
Reserves and Surplus	9,600.48	6,908.31	4,344.06	3,706.95
Total Borrowing	7,973.04	7,767.08	5,971.20	6,243.33
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

81.84

100

Promoter Shareholding (Post-Issue)

73.40

P/E Ratio

16.47

19.59

Market Cap

₹354.59 Cr.

₹603.25 Cr.

ROE

29.74

24.89%

ROCE

35.17

25.61%

Debt/Equity

0.16

0.92

EPS

₹5.04

₹17.10

RoNW

29.74

25.47%

Shares Offered

In the Ganesh Infraworld IPO Retail Individual Investors (RII) are offered 37,44,000 shares while in Rajesh Power IPO retail investors are offered 37,44,000 shares. Qualified Institutional Buyers (QIB) are offered 21,37,600 shares in Ganesh Infraworld IPO and 9,13,600 shares in Rajesh Power IPO.

	Ganesh Infraworld IPO	Rajesh Power IPO
Anchor Investor Reserveration	32,03,200 shares	13,36,400 shares
Market Maker Reserveration	11,87,200 shares	2,44,000 shares
QIB	21,37,600 shares	9,13,600 shares
NII	16,04,800 shares	6,91,200 shares
RII	37,44,000 shares	16,04,800 shares
Employee
Others
Total	1,06,89,600 shares	45,46,000 shares

Bids Received (Subscription)

Ganesh Infraworld IPO subscribed 369.56x in total, whereas Rajesh Power IPO subscribed 59.00x.

	Ganesh Infraworld IPO	Rajesh Power IPO
QIB (times)	163.52x	46.39x
NII (times)	865.82x	138.46x
Big NII (times)
Small NII (times)
RII (times)	274.48x	31.96x
Employee (times)
Other (times)
Total (times)	369.56x	59.00x

Compare with others

Ganesh Infraworld IPO	Rajesh Power IPO
Dhanlaxmi Crop Science IPO	Abha Power IPO
Jungle Camps IPO	Ganesh Infraworld IPO
Purple United Sales IPO	Agarwal Toughened Glass IPO
Emerald Tyre Manufacturers IPO	Apex Ecotech IPO
Abha Power IPO	Rajputana Biodiesel IPO
Agarwal Toughened Glass IPO	C2C Advanced Systems IPO
Apex Ecotech IPO	Lamosaic India IPO
Rajputana Biodiesel IPO	Nisus Finance IPO
Rajesh Power IPO	Onyx Biotec IPO
C2C Advanced Systems IPO	Mangal Compusolution IPO