Emmforce Autotech IPO vs Ramdevbaba Solvent IPO

Comparison between Emmforce Autotech IPO and Ramdevbaba Solvent IPO.

IPO Details

Emmforce Autotech IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Ramdevbaba Solvent IPO is a SME Bookbuilding proposed to list at NSE SME.

	Emmforce Autotech IPO	Ramdevbaba Solvent IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	BSE SME	NSE SME
Lead Managers	Beeline Capital Advisors Pvt.Ltd.	Choice Capital Advisors Pvt.Ltd.
Registrar	MUFG Intime India Pvt.Ltd.	Bigshare Services Pvt.Ltd.
Market Maker	Spread X Securities Pvt.Ltd.	Choice Equity 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 Emmforce Autotech IPO is up to ₹51.19 Cr whereas the issue size of the Ramdevbaba Solvent IPO is up to ₹47.60 Cr. The final issue price of Emmforce Autotech IPO is ₹98.00 per share and of Ramdevbaba Solvent IPO is ₹85.00 per share.

	Emmforce Autotech IPO	Ramdevbaba Solvent IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹93.00 per share	₹80.00 per share
Issue Price (Upper)	₹98.00 per share	₹85.00 per share
Issue Price (Final)	₹98.00 per share	₹85.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	1200 shares	1600 shares
Fresh Issue Size	52,23,600 shares	56,00,000 shares
Fresh Issue Size (Amount)	up to ₹51.19 Cr	up to ₹47.60 Cr
OFS Issue Size	0 shares	0 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹0.00 Cr
Issue Size Total	52,23,600 shares	56,00,000 shares
Issue Size Total (Amount)	up to ₹51.19 Cr	up to ₹47.60 Cr

IPO Timetable

Emmforce Autotech IPO opens on Apr 23, 2024, while Ramdevbaba Solvent IPO opens on Apr 15, 2024. The closing date of Emmforce Autotech IPO and Ramdevbaba Solvent IPO is Apr 25, 2024, and Apr 18, 2024, respectively.

	Emmforce Autotech IPO	Ramdevbaba Solvent IPO
Anchor Bid Date	Apr 22, 2024	Apr 12, 2024
Issue Open	Apr 23, 2024	Apr 15, 2024
Issue Close	Apr 25, 2024	Apr 18, 2024
Basis Of Allotment (Tentative)	Apr 26, 2024	Apr 19, 2024
Initiation of Refunds (Tentative)	Apr 29, 2024	Apr 22, 2024
Credit of Share (Tentative)	Apr 29, 2024	Apr 22, 2024
Listing date (Tentative)	Apr 30, 2024	Apr 23, 2024
Anchor Lockin End date 1	May 26, 2024	May 19, 2024
Anchor Lockin End date 2	Jul 25, 2024	Jul 18, 2024

Financials & KPIs

Emmforce Autotech IPO P/E ratio is 33.5, as compared to Ramdevbaba Solvent IPO P/E ratio of 10.6.

Emmforce Autotech IPO

Ramdevbaba Solvent IPO

Financials

Emmforce Autotech Limited Financial Information (Restated)

Emmforce Autotech Limited's revenue decreased by -31.7% and profit after tax (PAT) dropped by -40.1% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Oct 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	5,597.13	4,895.40	5,257.36	3,384.41
Total Income	4,790.31	4,875.32	7,138.13	5,185.32
Profit After Tax	511.78	438.85	732.58	508.91
Net Worth	1,500.00	2,344.95	2,129.09	1,524.82
Reserves and Surplus	43.72
Total Borrowing	2,404.25	1,535.43	1,651.09	501.70
Amount in ₹ Lakhs

Ramdevbaba Solvent Limited Financial Information (Restated)

Ramdevbaba Solvent Limited's revenue increased by 20.35% and profit after tax (PAT) rose by 97.25% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	20,341.24	19,062.61	13,134.86	10,125.05
Total Income	46,569.81	70,433.41	58,525.46	42,717.32
Profit After Tax	828.90	1,300.15	659.15	617.06
Net Worth	6,857.15	4,783.25	3,483.10	2,823.95
Reserves and Surplus	5,235.97	4,324.52	3,024.37	2,365.22
Total Borrowing	9,998.78	9,922.63	6,485.67	4,474.16
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00

81.01

Promoter Shareholding (Post-Issue)

73.17

P/E Ratio

33.5

10.6

Market Cap

₹200.90 Cr.

₹188.07 Cr.

ROE

ROCE

10.76%

Debt/Equity

1.46

EPS

₹2.93

₹8.02

RoNW

2.83

14.24%

Shares Offered

In the Emmforce Autotech IPO Retail Individual Investors (RII) are offered 18,28,800 shares while in Ramdevbaba Solvent IPO retail investors are offered 18,28,800 shares. Qualified Institutional Buyers (QIB) are offered 10,45,200 shares in Emmforce Autotech IPO and 11,20,000 shares in Ramdevbaba Solvent IPO.

	Emmforce Autotech IPO	Ramdevbaba Solvent IPO
Anchor Investor Reserveration	15,66,000 shares	16,80,000 shares
Market Maker Reserveration	2,76,000 shares	3,13,600 shares
QIB	10,45,200 shares	11,20,000 shares
NII	7,83,600 shares	8,40,000 shares
RII	18,28,800 shares	19,60,000 shares
Employee
Others
Total	52,23,600 shares	56,00,000 shares

Bids Received (Subscription)

Emmforce Autotech IPO subscribed 364.37x in total, whereas Ramdevbaba Solvent IPO subscribed 126.21x.

	Emmforce Autotech IPO	Ramdevbaba Solvent IPO
QIB (times)	160.58x	65.95x
NII (times)	861.98x	314.46x
Big NII (times)
Small NII (times)
RII (times)	267.62x	79.96x
Employee (times)
Other (times)
Total (times)	364.37x	126.21x

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