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Grill Splendour IPO vs Ramdevbaba Solvent IPO

Comparison between Grill Splendour IPO and Ramdevbaba Solvent IPO.

IPO Details

Grill Splendour IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Ramdevbaba Solvent IPO is a SME Bookbuilding proposed to list at NSE SME.

 Grill Splendour IPORamdevbaba Solvent IPO
LogoGrill Splendour IPO LogoRamdevbaba Solvent IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersInventure Merchant Banker Services Pvt.Ltd.Choice Capital Advisors Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerRikhav Securities Ltd.Choice Equity Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Grill Splendour IPO is up to ₹15.64 Cr whereas the issue size of the Ramdevbaba Solvent IPO is up to ₹47.60 Cr. The final issue price of Grill Splendour IPO is ₹120.00 per share and of Ramdevbaba Solvent IPO is ₹85.00 per share.

 Grill Splendour IPORamdevbaba Solvent IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹80.00 per share
Issue Price (Upper)₹85.00 per share
Issue Price (Final)₹120.00 per share₹85.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size1200 shares1600 shares
Fresh Issue Size13,03,200 shares56,00,000 shares
Fresh Issue Size (Amount)up to ₹15.64 Crup to ₹47.60 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total13,03,200 shares56,00,000 shares
Issue Size Total (Amount)up to ₹15.64 Crup to ₹47.60 Cr

IPO Timetable

Grill Splendour IPO opens on Apr 15, 2024, while Ramdevbaba Solvent IPO opens on Apr 15, 2024. The closing date of Grill Splendour IPO and Ramdevbaba Solvent IPO is Apr 18, 2024, and Apr 18, 2024, respectively.

 Grill Splendour IPORamdevbaba Solvent IPO
Anchor Bid DateApr 12, 2024
Issue OpenApr 15, 2024Apr 15, 2024
Issue CloseApr 18, 2024Apr 18, 2024
Basis Of Allotment (Tentative)Apr 19, 2024Apr 19, 2024
Initiation of Refunds (Tentative)Apr 22, 2024Apr 22, 2024
Credit of Share (Tentative)Apr 22, 2024Apr 22, 2024
Listing date (Tentative)Apr 23, 2024Apr 23, 2024
Anchor Lockin End date 1May 19, 2024
Anchor Lockin End date 2Jul 18, 2024

Financials & KPIs

Grill Splendour IPO P/E ratio is 23.12, as compared to Ramdevbaba Solvent IPO P/E ratio of 10.6.

 Grill Splendour IPORamdevbaba Solvent IPO
Financials

Company Financials (Restated)

Period Ended30 Nov 202331 Mar 202331 Mar 202231 Mar 2021
Assets22.127.642.912.66
Total Income8.8615.3211.528.25
Profit After Tax0.621.990.03-0.04
NET Worth4.952.010.02-0.02
Reserves and Surplus1.112.000.01-0.03
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets203.41190.63131.35101.25
Total Income465.70704.33585.25427.17
Profit After Tax8.2913.006.596.17
NET Worth68.5747.8334.8328.24
Reserves and Surplus52.3643.2530.2423.65
Total Borrowing99.9999.2364.8644.74
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)49.75%83.37%
Promoter Shareholding (Post-Issue)36.64%61.09%
P/E Ratio23.1210.6
Market Cap₹62.50 Cr.₹188.07 Cr.
ROCE10.76
Debt/Equity1.501.46
EPS₹5.19₹8.02
RoNW12.4614.24

Shares Offered

In the Grill Splendour IPO Retail Individual Investors (RII) are offered 6,51,600 shares while in Ramdevbaba Solvent IPO retail investors are offered 6,51,600 shares. Qualified Institutional Buyers (QIB) are offered in Grill Splendour IPO and 11,20,000 shares in Ramdevbaba Solvent IPO.

 Grill Splendour IPORamdevbaba Solvent IPO
Anchor Investor Reservation16,80,000 shares
Market Maker Reservation69,600 shares3,13,600 shares
QIB11,20,000 shares
NII6,51,600 shares8,40,000 shares
RII6,51,600 shares19,60,000 shares
Total13,03,200 shares56,00,000 shares

Bids Received (Subscription)

Grill Splendour IPO subscribed 8.68x in total, whereas Ramdevbaba Solvent IPO subscribed 88.35x.

 Grill Splendour IPORamdevbaba Solvent IPO
QIB (times)65.95x
NII (times)4.59x314.46x
RII (times)12.78x79.96x
Total (times)8.68x88.35x

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Compare:

Grill Splendour IPO Vs Ramdevbaba Solvent IPO