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.

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 IPORamdevbaba 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 Size1200 shares1600 shares
Fresh Issue Size52,23,600 shares56,00,000 shares
Fresh Issue Size (Amount)up to ₹51.19 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 Total52,23,600 shares56,00,000 shares
Issue Size Total (Amount)up to ₹51.19 Crup 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 IPORamdevbaba Solvent IPO
Anchor Bid DateApr 22, 2024Apr 12, 2024
Issue OpenApr 23, 2024Apr 15, 2024
Issue CloseApr 25, 2024Apr 18, 2024
Basis Of Allotment (Tentative)Apr 26, 2024Apr 19, 2024
Initiation of Refunds (Tentative)Apr 29, 2024Apr 22, 2024
Credit of Share (Tentative)Apr 29, 2024Apr 22, 2024
Listing date (Tentative)Apr 30, 2024Apr 23, 2024
Anchor Lockin End date 1May 26, 2024May 19, 2024
Anchor Lockin End date 2Jul 25, 2024Jul 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 IPORamdevbaba Solvent IPO
Financials

Company Financials (Restated)

Period Ended31 Oct 202331 Mar 202331 Mar 202231 Mar 2021
Assets55.9748.9552.5733.84
Total Income47.9048.7571.3851.85
Profit After Tax5.124.397.335.09
NET Worth15.0023.4521.2915.25
Reserves and Surplus0.44
Total Borrowing24.0415.3516.515.02
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)100.0081.01
Promoter Shareholding (Post-Issue)73.17
P/E Ratio33.510.6
Market Cap₹200.90 Cr.₹188.07 Cr.
ROE
ROCE10.76%
Debt/Equity1.46
EPS₹2.93₹8.02
RoNW2.8314.24%

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 IPORamdevbaba Solvent IPO
Anchor Investor Reservation15,66,000 shares16,80,000 shares
Market Maker Reservation2,76,000 shares3,13,600 shares
QIB10,45,200 shares11,20,000 shares
NII7,83,600 shares8,40,000 shares
RII18,28,800 shares19,60,000 shares
Employee
Others
Total52,23,600 shares56,00,000 shares

Bids Received (Subscription)

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

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Emmforce Autotech IPO Vs Ramdevbaba Solvent IPO