Comparison between Ranjeet Mechatronics IPO and Spectrum Electrical IPO.
IPO Details
Ranjeet Mechatronics IPO is a SME Fixed Price IPO proposed to list at BSE SME while Spectrum Electrical IPO is a SME Fixed Price proposed to list at NSE SME.
Issue Size and Price
The total issue size of Ranjeet Mechatronics IPO is up to ₹4.26 Cr whereas the issue size of the Spectrum Electrical IPO is up to ₹24.57 Cr. The final issue price of Ranjeet Mechatronics IPO is ₹25.00 per share and of Spectrum Electrical IPO is ₹65.00 per share.
IPO Timetable
Ranjeet Mechatronics IPO opens on Sep 12, 2018, while Spectrum Electrical IPO opens on Sep 17, 2018. The closing date of Ranjeet Mechatronics IPO and Spectrum Electrical IPO is Sep 17, 2018, and Sep 21, 2018, respectively.
| | Ranjeet Mechatronics IPO | Spectrum Electrical IPO |
|---|
| Issue Open | Sep 12, 2018 | Sep 17, 2018 |
| Issue Close | Sep 17, 2018 | Sep 21, 2018 |
| Basis Of Allotment (Tentative) | Sep 21, 2018 | Sep 26, 2018 |
| Initiation of Refunds (Tentative) | Sep 25, 2018 | |
| Credit of Share (Tentative) | Sep 25, 2018 | |
| Listing date (Tentative) | Sep 26, 2018 | Oct 01, 2018 |
Financials & KPIs
Ranjeet Mechatronics IPO P/E ratio is , as compared to Spectrum Electrical IPO P/E ratio of .
Shares Offered
In the Ranjeet Mechatronics IPO Retail Individual Investors (RII) are offered 8,52,000 shares while in Spectrum Electrical IPO retail investors are offered 8,52,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Ranjeet Mechatronics IPO and 0 shares in Spectrum Electrical IPO.
| | Ranjeet Mechatronics IPO | Spectrum Electrical IPO |
|---|
| Anchor Investor Reservation | 0 shares | 0 shares |
| Market Maker Reservation | 96,000 shares | 2,00,000 shares |
| QIB | 0 shares | 0 shares |
| NII | 8,52,000 shares | 18,90,000 shares |
| RII | 8,52,000 shares | 18,90,000 shares |
| Employee | 0 shares | 0 shares |
| Total | 17,04,000 shares | 37,80,000 shares |
Bids Received (Subscription)
Ranjeet Mechatronics IPO subscribed 69.75x in total, whereas Spectrum Electrical IPO subscribed 1.27x.
