Rajnandini Metal IPO vs Silgo Retail IPO

Comparison between Rajnandini Metal IPO and Silgo Retail IPO.

IPO Details

Rajnandini Metal IPO is a SME Fixed Price IPO proposed to list at NSE SME while Silgo Retail IPO is a SME Fixed Price proposed to list at NSE SME.

Issue Size and Price

The total issue size of Rajnandini Metal IPO is up to ₹4.06 Cr whereas the issue size of the Silgo Retail IPO is up to ₹4.62 Cr. The final issue price of Rajnandini Metal IPO is ₹26.00 per share and of Silgo Retail IPO is ₹36.00 per share.

 Rajnandini Metal IPOSilgo Retail IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹26.00 per share₹36.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size4000 shares3000 shares
Fresh Issue Size15,60,000 shares12,84,000 shares
Fresh Issue Size (Amount)up to ₹4.06 Crup to ₹4.62 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total15,60,000 shares12,84,000 shares
Issue Size Total (Amount)up to ₹4.06 Crup to ₹4.62 Cr

IPO Timetable

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

 Rajnandini Metal IPOSilgo Retail IPO
Issue OpenSep 24, 2018Sep 27, 2018
Issue CloseSep 27, 2018Oct 03, 2018
Basis Of Allotment (Tentative)Oct 03, 2018Oct 08, 2018
Initiation of Refunds (Tentative)Oct 09, 2018
Credit of Share (Tentative)Oct 10, 2018
Listing date (Tentative)Oct 08, 2018Oct 10, 2018

Financials & KPIs

Rajnandini Metal IPO P/E ratio is , as compared to Silgo Retail IPO P/E ratio of .

 Rajnandini Metal IPOSilgo Retail IPO
Financials

Company Financials (Restated Standalone)

Period Ended31 Mar 201831 Mar 201731 Mar 2016
Assets38.3842.5134.37
Total Income141.16127.31136.55
Profit After Tax0.940.550.32
NET Worth8.037.096.53
Reserves and Surplus3.532.592.03
Total Borrowing21.9822.2822.13
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Mar 201831 Mar 201731 Mar 2016
Assets9.032.440.01
Total Income16.474.98
Profit After Tax0.950.18
NET Worth1.140.190.01
Reserves and Surplus1.130.18
Total Borrowing2.601.09
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99.99%100%
Promoter Shareholding (Post-Issue)73.23%73.23%
Market Cap₹15.97 Cr.₹18.24 Cr.

Shares Offered

In the Rajnandini Metal IPO Retail Individual Investors (RII) are offered 7,80,000 shares while in Silgo Retail IPO retail investors are offered 7,80,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Rajnandini Metal IPO and 0 shares in Silgo Retail IPO.

 Rajnandini Metal IPOSilgo Retail IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation84,000 shares72,000 shares
QIB0 shares0 shares
NII7,80,000 shares6,42,000 shares
RII7,80,000 shares6,42,000 shares
Employee0 shares0 shares
Total15,60,000 shares12,84,000 shares

Bids Received (Subscription)

Rajnandini Metal IPO subscribed 1.38x in total, whereas Silgo Retail IPO subscribed 1.23x.

 Rajnandini Metal IPOSilgo Retail IPO
NII (times)2.38x1.96x
RII (times)0.38x0.50x
Total (times)1.38x1.23x

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Rajnandini Metal IPO Vs Silgo Retail IPO