Reliable Data Services IPO vs RKEC Projects IPO

Comparison between Reliable Data Services IPO and RKEC Projects IPO.

IPO Details

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

Issue Size and Price

The total issue size of Reliable Data Services IPO is up to ₹14.02 Cr whereas the issue size of the RKEC Projects IPO is up to ₹27.24 Cr. The final issue price of Reliable Data Services IPO is ₹57.00 per share and of RKEC Projects IPO is ₹45.00 per share.

 Reliable Data Services IPORKEC Projects IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹57.00 per share₹45.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size2000 shares3000 shares
Fresh Issue Size24,60,000 shares43,54,000 shares
Fresh Issue Size (Amount)up to ₹14.02 Crup to ₹19.59 Cr
OFS Issue Size0 shares17,00,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹7.65 Cr
Issue Size Total24,60,000 shares60,54,000 shares
Issue Size Total (Amount)up to ₹14.02 Crup to ₹27.24 Cr

IPO Timetable

Reliable Data Services IPO opens on Sep 27, 2017, while RKEC Projects IPO opens on Sep 25, 2017. The closing date of Reliable Data Services IPO and RKEC Projects IPO is Oct 03, 2017, and Sep 28, 2017, respectively.

 Reliable Data Services IPORKEC Projects IPO
Issue OpenSep 27, 2017Sep 25, 2017
Issue CloseOct 03, 2017Sep 28, 2017
Basis Of Allotment (Tentative)Oct 09, 2017Oct 04, 2017
Listing date (Tentative)Oct 11, 2017Oct 09, 2017

Financials & KPIs

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

 Reliable Data Services IPORKEC Projects IPO
Financials

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

Company Financials (Restated)

Period Ended31 Mar 201731 Mar 201631 Mar 2015
Assets112.53112.4956.40
Total Income200.12113.5171.75
Profit After Tax13.133.191.96
NET Worth39.0825.6322.43
Reserves and Surplus19.7715.9712.78
Total Borrowing0.4214.989.84
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100%99.99%
Promoter Shareholding (Post-Issue)69.77%73.41%
P/E Ratio30
Market Cap₹49.02 Cr.₹107.96 Cr.

Shares Offered

In the Reliable Data Services IPO Retail Individual Investors (RII) are offered 12,30,000 shares while in RKEC Projects IPO retail investors are offered 12,30,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Reliable Data Services IPO and 0 shares in RKEC Projects IPO.

 Reliable Data Services IPORKEC Projects IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation1,40,000 shares3,24,000 shares
QIB0 shares0 shares
NII12,30,000 shares30,27,000 shares
RII12,30,000 shares30,27,000 shares
Employee0 shares0 shares
Total24,60,000 shares60,54,000 shares

Bids Received (Subscription)

Reliable Data Services IPO subscribed 47.65x in total, whereas RKEC Projects IPO subscribed 19.15x.

 Reliable Data Services IPORKEC Projects IPO
NII (times)81.72x30.37x
RII (times)13.57x7.92x
Total (times)47.65x19.15x

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