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Globe Textiles IPO vs Riddhi Corporate IPO

Comparison between Globe Textiles IPO and Riddhi Corporate IPO.

IPO Details

Globe Textiles IPO is a SME Fixed Price IPO proposed to list at NSE SME while Riddhi Corporate IPO is a SME Fixed Price proposed to list at BSE SME.

 Globe Textiles IPORiddhi Corporate IPO
LogoGlobe Textiles IPO LogoRiddhi Corporate IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersHem Securities Ltd.Gretex Corporate Services Ltd.
RegistrarBigshare Services Pvt.Ltd.Purva Sharegistry (India) Pvt.Ltd.
Market MakerHem Finlease Pvt.Ltd.Beeline Broking 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 Globe Textiles IPO is up to ₹12.97 Cr whereas the issue size of the Riddhi Corporate IPO is up to ₹11.70 Cr. The final issue price of Globe Textiles IPO is ₹51.00 per share and of Riddhi Corporate IPO is ₹130.00 per share.

 Globe Textiles IPORiddhi Corporate IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹51.00 per share₹130.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size2000 shares1000 shares
Fresh Issue Size12,24,000 shares9,00,000 shares
Fresh Issue Size (Amount)up to ₹6.24 Crup to ₹11.70 Cr
OFS Issue Size13,20,000 shares0 shares
OFS Issue Size (Amount)up to ₹6.73 Crup to ₹0.00 Cr
Issue Size Total25,44,000 shares9,00,000 shares
Issue Size Total (Amount)up to ₹12.97 Crup to ₹11.70 Cr

IPO Timetable

Globe Textiles IPO opens on Jun 12, 2017, while Riddhi Corporate IPO opens on Jun 12, 2017. The closing date of Globe Textiles IPO and Riddhi Corporate IPO is Jun 15, 2017, and Jun 15, 2017, respectively.

 Globe Textiles IPORiddhi Corporate IPO
Issue OpenJun 12, 2017Jun 12, 2017
Issue CloseJun 15, 2017Jun 15, 2017
Basis Of Allotment (Tentative)Jun 20, 2017
Listing date (Tentative)Jun 23, 2017Jun 22, 2017

Financials & KPIs

Globe Textiles IPO P/E ratio is , as compared to Riddhi Corporate IPO P/E ratio of 16.

 Globe Textiles IPORiddhi Corporate IPO
Financials

Company Financials (Restated)

Period Ended31 Mar 201731 Mar 201631 Mar 2015
Assets110.1082.8270.65
Total Income191.86183.16175.26
Profit After Tax3.251.572.44
NET Worth24.8621.6220.04
Reserves and Surplus16.1518.7117.14
Total Borrowing51.8138.9529.05
Amount in ₹ Crore

Company Financials (Restated Standalone)

Period Ended31 Dec 201631 Mar 201631 Mar 201531 Mar 2014
Assets28.0721.8919.3114.10
Total Income45.0242.2527.5923.17
Profit After Tax1.923.122.730.90
NET Worth9.837.914.792.06
Total Borrowing1.591.661.351.57
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100%100%
Promoter Shareholding (Post-Issue)73.32%70.77%
P/E Ratio16
Market Cap₹51.39 Cr.₹42.25 Cr.

Shares Offered

In the Globe Textiles IPO Retail Individual Investors (RII) are offered 12,72,000 shares while in Riddhi Corporate IPO retail investors are offered 12,72,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Globe Textiles IPO and 0 shares in Riddhi Corporate IPO.

 Globe Textiles IPORiddhi Corporate IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation1,44,000 shares50,000 shares
QIB0 shares0 shares
NII12,72,000 shares4,50,000 shares
RII12,72,000 shares4,50,000 shares
Employee0 shares0 shares
Total25,44,000 shares9,00,000 shares

Bids Received (Subscription)

Globe Textiles IPO subscribed 2.62x in total, whereas Riddhi Corporate IPO subscribed 2.22x.

 Globe Textiles IPORiddhi Corporate IPO
NII (times)1.50x2.78x
RII (times)3.74x1.66x
Total (times)2.62x2.22x

Compare with others

Globe Textiles IPORiddhi Corporate IPO
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Gautam Exim IPOBansal Multiflex IPO
Pushpanjali Realms IPOGautam Exim IPO
Accord Synergy IPOPushpanjali Realms IPO
Riddhi Corporate IPOAccord Synergy IPO
Shri Ram Switchgears IPOGlobe Textiles IPO
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Jalan Transolutions IPOVadivarhe Speciality Chemicals IPO
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Bhakti Gems IPOYug Decor IPO

Compare:

Globe Textiles IPO Vs Riddhi Corporate IPO