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Riddhi Corporate IPO vs Shri Ram Switchgears IPO

Comparison between Riddhi Corporate IPO and Shri Ram Switchgears IPO.

IPO Details

Riddhi Corporate IPO is a SME Fixed Price IPO proposed to list at BSE SME while Shri Ram Switchgears IPO is a SME Fixed Price proposed to list at NSE SME.

 Riddhi Corporate IPOShri Ram Switchgears IPO
LogoRiddhi Corporate IPO LogoShri Ram Switchgears IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMENSE SME
Lead ManagersGretex Corporate Services Ltd.Sarthi Capital Advisors Pvt.Ltd.
RegistrarPurva Sharegistry (India) Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerBeeline Broking Ltd.Choice Equity Broking Pvt.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 Riddhi Corporate IPO is up to ₹11.70 Cr whereas the issue size of the Shri Ram Switchgears IPO is up to ₹4.81 Cr. The final issue price of Riddhi Corporate IPO is ₹130.00 per share and of Shri Ram Switchgears IPO is ₹19.00 per share.

 Riddhi Corporate IPOShri Ram Switchgears IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹130.00 per share₹19.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size1000 shares6000 shares
Fresh Issue Size9,00,000 shares25,32,000 shares
Fresh Issue Size (Amount)up to ₹11.70 Crup to ₹4.81 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total9,00,000 shares25,32,000 shares
Issue Size Total (Amount)up to ₹11.70 Crup to ₹4.81 Cr

IPO Timetable

Riddhi Corporate IPO opens on Jun 12, 2017, while Shri Ram Switchgears IPO opens on May 25, 2017. The closing date of Riddhi Corporate IPO and Shri Ram Switchgears IPO is Jun 15, 2017, and May 30, 2017, respectively.

 Riddhi Corporate IPOShri Ram Switchgears IPO
Issue OpenJun 12, 2017May 25, 2017
Issue CloseJun 15, 2017May 30, 2017
Basis Of Allotment (Tentative)Jun 02, 2017
Listing date (Tentative)Jun 22, 2017Jun 07, 2017

Financials & KPIs

Riddhi Corporate IPO P/E ratio is 16, as compared to Shri Ram Switchgears IPO P/E ratio of .

 Riddhi Corporate IPOShri Ram Switchgears IPO
Financials

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

Company Financials (Restated Standalone)

Period Ended28 Feb 201731 Mar 201631 Mar 201531 Mar 2014
Assets82.5371.0262.2951.87
Total Income55.3648.2354.3739.21
Profit After Tax1.770.851.210.42
NET Worth10.829.058.185.29
Reserves and Surplus3.484.163.301.96
Total Borrowing38.8831.6818.8719.11
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100%82.93%
Promoter Shareholding (Post-Issue)70.77%60.81%
P/E Ratio16
Market Cap₹42.25 Cr.₹19.02 Cr.

Shares Offered

In the Riddhi Corporate IPO Retail Individual Investors (RII) are offered 4,50,000 shares while in Shri Ram Switchgears IPO retail investors are offered 4,50,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Riddhi Corporate IPO and in Shri Ram Switchgears IPO.

 Riddhi Corporate IPOShri Ram Switchgears IPO
Anchor Investor Reservation0 shares
Market Maker Reservation50,000 shares1,38,000 shares
QIB0 shares
NII4,50,000 shares12,66,000 shares
RII4,50,000 shares12,66,000 shares
Employee0 shares
Total9,00,000 shares25,32,000 shares

Bids Received (Subscription)

Riddhi Corporate IPO subscribed 2.22x in total, whereas Shri Ram Switchgears IPO subscribed 72.49x.

 Riddhi Corporate IPOShri Ram Switchgears IPO
NII (times)2.78x56.72x
RII (times)1.66x88.27x
Total (times)2.22x72.49x

Compare with others

Riddhi Corporate IPOShri Ram Switchgears IPO
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Compare:

Riddhi Corporate IPO Vs Shri Ram Switchgears IPO