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Ganga Forging IPO vs Raw Edge Industrial IPO

Comparison between Ganga Forging IPO and Raw Edge Industrial IPO.

IPO Details

Ganga Forging IPO is a SME Fixed Price IPO proposed to list at NSE SME while Raw Edge Industrial IPO is a SME Fixed Price proposed to list at BSE SME.

 Ganga Forging IPORaw Edge Industrial IPO
LogoGanga Forging IPO LogoRaw Edge Industrial IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersPantomath Capital Advisors Pvt.Ltd.Oneview Corporate Advisors Pvt.Ltd.
RegistrarMUFG Intime India Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerPantomath Stock Brokers Pvt.Ltd.Guiness Securities Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Ganga Forging IPO is up to ₹4.74 Cr whereas the issue size of the Raw Edge Industrial IPO is up to ₹15.67 Cr. The final issue price of Ganga Forging IPO is ₹21.00 per share and of Raw Edge Industrial IPO is ₹72.00 per share.

 Ganga Forging IPORaw Edge Industrial IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹21.00 per share₹72.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size6000 shares1600 shares
Fresh Issue Size22,56,000 shares15,66,000 shares
Fresh Issue Size (Amount)up to ₹4.74 Crup to ₹11.28 Cr
OFS Issue Size0 shares6,10,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹4.39 Cr
Issue Size Total22,56,000 shares21,76,000 shares
Issue Size Total (Amount)up to ₹4.74 Crup to ₹15.67 Cr

IPO Timetable

Ganga Forging IPO opens on Jun 29, 2018, while Raw Edge Industrial IPO opens on Jul 05, 2018. The closing date of Ganga Forging IPO and Raw Edge Industrial IPO is Jul 03, 2018, and Jul 10, 2018, respectively.

 Ganga Forging IPORaw Edge Industrial IPO
Issue OpenJun 29, 2018Jul 05, 2018
Issue CloseJul 03, 2018Jul 10, 2018
Basis Of Allotment (Tentative)Jul 06, 2018Jul 13, 2018
Initiation of Refunds (Tentative)Jul 09, 2018
Credit of Share (Tentative)Jul 10, 2018
Listing date (Tentative)Jul 11, 2018Jul 18, 2018

Financials & KPIs

Ganga Forging IPO P/E ratio is , as compared to Raw Edge Industrial IPO P/E ratio of .

 Ganga Forging IPORaw Edge Industrial IPO
Financials

Company Financials (Restated)

Period Ended31 Dec 201731 Mar 201731 Mar 201631 Mar 2015
Assets23.1815.1413.4512.03
Total Income18.1817.7917.6915.57
Profit After Tax0.390.480.250.47
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Jan 201831 Mar 201731 Mar 201631 Mar 2015
Assets29.1227.1923.0514.89
Total Income44.9948.6141.3438.27
Profit After Tax1.330.620.580.45
NET Worth7.566.235.614.52
Reserves and Surplus6.725.394.773.77
Total Borrowing11.2311.9111.335.85
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)96.58%100%
Promoter Shareholding (Post-Issue)67.63%72.67%
Market Cap₹16.69 Cr.₹60.35 Cr.

Shares Offered

In the Ganga Forging IPO Retail Individual Investors (RII) are offered 11,28,000 shares while in Raw Edge Industrial IPO retail investors are offered 11,28,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Ganga Forging IPO and 0 shares in Raw Edge Industrial IPO.

 Ganga Forging IPORaw Edge Industrial IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation1,26,000 shares1,15,200 shares
QIB0 shares0 shares
NII11,28,000 shares10,88,000 shares
RII11,28,000 shares10,88,000 shares
Employee0 shares0 shares
Total22,56,000 shares21,76,000 shares

Bids Received (Subscription)

Ganga Forging IPO subscribed 1.88x in total, whereas Raw Edge Industrial IPO subscribed 1.10x.

 Ganga Forging IPORaw Edge Industrial IPO
NII (times)0.84x1.41x
RII (times)2.80x0.78x
Total (times)1.88x1.10x

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Ganga Forging IPORaw Edge Industrial IPO
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Compare:

Ganga Forging IPO Vs Raw Edge Industrial IPO