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Marine Electricals IPO vs Rajnandini Metal IPO

Comparison between Marine Electricals IPO and Rajnandini Metal IPO.

IPO Details

Marine Electricals IPO is a SME Fixed Price IPO proposed to list at NSE SME while Rajnandini Metal IPO is a SME Fixed Price proposed to list at NSE SME.

 Marine Electricals IPORajnandini Metal IPO
LogoMarine Electricals IPO LogoRajnandini Metal IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMENSE SME
Lead ManagersAryaman Financial Services Ltd.Corporate Capitalventures Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerAryaman Capital Markets Ltd.Share India Securities Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Marine Electricals IPO is up to ₹40.66 Cr whereas the issue size of the Rajnandini Metal IPO is up to ₹4.06 Cr. The final issue price of Marine Electricals IPO is ₹66.00 per share and of Rajnandini Metal IPO is ₹26.00 per share.

 Marine Electricals IPORajnandini Metal IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹64.00 per share
Issue Price (Upper)₹66.00 per share
Issue Price (Final)₹66.00 per share₹26.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares4000 shares
Fresh Issue Size61,60,000 shares15,60,000 shares
Fresh Issue Size (Amount)up to ₹40.66 Crup to ₹4.06 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total61,60,000 shares15,60,000 shares
Issue Size Total (Amount)up to ₹40.66 Crup to ₹4.06 Cr

IPO Timetable

Marine Electricals IPO opens on Sep 28, 2018, while Rajnandini Metal IPO opens on Sep 24, 2018. The closing date of Marine Electricals IPO and Rajnandini Metal IPO is Oct 03, 2018, and Sep 27, 2018, respectively.

 Marine Electricals IPORajnandini Metal IPO
Anchor Bid Date
Issue OpenSep 28, 2018Sep 24, 2018
Issue CloseOct 03, 2018Sep 27, 2018
Basis Of Allotment (Tentative)Oct 08, 2018
Initiation of Refunds (Tentative)Oct 09, 2018
Credit of Share (Tentative)Oct 10, 2018
Listing date (Tentative)Oct 11, 2018Oct 08, 2018
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Marine Electricals IPO P/E ratio is , as compared to Rajnandini Metal IPO P/E ratio of .

 Marine Electricals IPORajnandini Metal IPO
Financials
Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 35.462.81 22,701.42 14,909.88 14,329.18 12,083.67
Total Revenue 38,345.64 22,365.03 25,169.27 23,839.14 21,485.60
Profit After Tax 1,625.95 1,079.92 935.10 850.34 1,421.17
Summary of financial Information (Restated Standalone)
Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 27,701.56 15,733.60 12,379.84 11,955.87 10,518.67
Total Revenue 28,907.08 21,184.40 19,527.44 19,230.42 16,217.76
Profit After Tax 1,172.41 861.14 792.60 552.54 683.68
Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 3,883.98 4,250.62 3,437.18 3,316.57 4,590.35 3,830.85
Total Revenue 14,115.52 12,730.96 13,654.76 10,983.81 10,437.12 9,010.76
Profit After Tax 102.87 55.21 31.62 55.41 40.74 39.07
Promoter Shareholding (Pre-Issue)
Promoter Shareholding (Post-Issue)
P/E Ratio
Market Cap
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Marine Electricals IPO Retail Individual Investors (RII) are offered 30,80,000 shares while in Rajnandini Metal IPO retail investors are offered 30,80,000 shares. Qualified Institutional Buyers (QIB) are offered in Marine Electricals IPO and in Rajnandini Metal IPO.

 Marine Electricals IPORajnandini Metal IPO
Anchor Investor Reserveration
Market Maker Reserveration3,36,000 shares84,000 shares
QIB
NII30,80,000 shares7,80,000 shares
RII30,80,000 shares7,80,000 shares
Employee
Others
Total61,60,000 shares15,60,000 shares

Bids Received (Subscription)

Marine Electricals IPO subscribed 1.23x in total, whereas Rajnandini Metal IPO subscribed 1.38x.

 Marine Electricals IPORajnandini Metal IPO
QIB (times)
NII (times)2.04x2.38x
Big NII (times)
Small NII (times)
RII (times)0.43x0.38x
Employee (times)
Other (times)
Total (times)1.23x1.38x