Jash Engineering IPO vs Reliable Data Services IPO

Comparison between Jash Engineering IPO and Reliable Data Services IPO.

IPO Details

Jash Engineering IPO is a SME Fixed Price IPO proposed to list at NSE SME while Reliable Data Services IPO is a SME Fixed Price proposed to list at NSE SME.

Issue Size and Price

The total issue size of Jash Engineering IPO is up to ₹45.60 Cr whereas the issue size of the Reliable Data Services IPO is up to ₹14.02 Cr. The final issue price of Jash Engineering IPO is ₹120.00 per share and of Reliable Data Services IPO is ₹57.00 per share.

 Jash Engineering IPOReliable Data Services IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹115.00 per share
Issue Price (Upper)₹120.00 per share
Issue Price (Final)₹120.00 per share₹57.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size1200 shares2000 shares
Fresh Issue Size20,60,798 shares24,60,000 shares
Fresh Issue Size (Amount)up to ₹24.73 Crup to ₹14.02 Cr
OFS Issue Size17,39,602 shares0 shares
OFS Issue Size (Amount)up to ₹20.88 Crup to ₹0.00 Cr
Issue Size Total38,00,400 shares24,60,000 shares
Issue Size Total (Amount)up to ₹45.60 Crup to ₹14.02 Cr

IPO Timetable

Jash Engineering IPO opens on Sep 28, 2017, while Reliable Data Services IPO opens on Sep 27, 2017. The closing date of Jash Engineering IPO and Reliable Data Services IPO is Oct 03, 2017, and Oct 03, 2017, respectively.

 Jash Engineering IPOReliable Data Services IPO
Issue OpenSep 28, 2017Sep 27, 2017
Issue CloseOct 03, 2017Oct 03, 2017
Basis Of Allotment (Tentative)Oct 06, 2017Oct 09, 2017
Listing date (Tentative)Oct 11, 2017Oct 11, 2017

Financials & KPIs

Jash Engineering IPO P/E ratio is , as compared to Reliable Data Services IPO P/E ratio of 30.

 Jash Engineering IPOReliable Data Services IPO
Financials

Company Financials (Restated Standalone)

Period Ended31 Mar 201731 Mar 201631 Mar 2015
Assets182.49161.35157.44
Total Income147.83113.05112.01
Profit After Tax10.518.757.83
NET Worth89.3481.0274.06
Reserves and Surplus79.7671.4564.49
Total Borrowing39.9041.0833.52
Amount in ₹ Crore

Company Financials (Restated Standalone)

Period Ended31 Mar 201731 Mar 201631 Mar 2015
Assets17.9915.8114.82
Total Income20.5119.0118.97
Profit After Tax0.971.021.40
NET Worth8.617.646.64
Reserves and Surplus7.616.645.64
Total Borrowing5.824.704.58
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)30.09%100%
Promoter Shareholding (Post-Issue)23.34%69.77%
P/E Ratio30
Market Cap₹142.04 Cr.₹49.02 Cr.

Shares Offered

In the Jash Engineering IPO Retail Individual Investors (RII) are offered 13,30,800 shares while in Reliable Data Services IPO retail investors are offered 13,30,800 shares. Qualified Institutional Buyers (QIB) are offered 18,99,600 shares in Jash Engineering IPO and 0 shares in Reliable Data Services IPO.

 Jash Engineering IPOReliable Data Services IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation2,00,400 shares1,40,000 shares
QIB18,99,600 shares0 shares
NII5,70,000 shares12,30,000 shares
RII13,30,800 shares12,30,000 shares
Employee0 shares0 shares
Total38,00,400 shares24,60,000 shares

Bids Received (Subscription)

Jash Engineering IPO subscribed 4.92x in total, whereas Reliable Data Services IPO subscribed 47.65x.

 Jash Engineering IPOReliable Data Services IPO
QIB (times)2.70x
NII (times)18.83x81.72x
RII (times)2.12x13.57x
Total (times)4.92x47.65x

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Jash Engineering IPO Vs Reliable Data Services IPO