Riddhi Corporate IPO vs Vadivarhe Speciality Chemicals IPO

Comparison between Riddhi Corporate IPO and Vadivarhe Speciality Chemicals IPO.

IPO Details

Riddhi Corporate IPO is a SME Fixed Price IPO proposed to list at BSE SME while Vadivarhe Speciality Chemicals IPO is a SME Fixed Price proposed to list at NSE SME.

Issue Size and Price

The total issue size of Riddhi Corporate IPO is up to ₹11.70 Cr whereas the issue size of the Vadivarhe Speciality Chemicals IPO is up to ₹13.71 Cr. The final issue price of Riddhi Corporate IPO is ₹130.00 per share and of Vadivarhe Speciality Chemicals IPO is ₹42.00 per share.

 Riddhi Corporate IPOVadivarhe Speciality Chemicals IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹130.00 per share₹42.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size1000 shares3000 shares
Fresh Issue Size9,00,000 shares5,09,000 shares
Fresh Issue Size (Amount)up to ₹11.70 Crup to ₹2.14 Cr
OFS Issue Size0 shares27,55,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹11.57 Cr
Issue Size Total9,00,000 shares32,64,000 shares
Issue Size Total (Amount)up to ₹11.70 Crup to ₹13.71 Cr

IPO Timetable

Riddhi Corporate IPO opens on Jun 12, 2017, while Vadivarhe Speciality Chemicals IPO opens on May 22, 2017. The closing date of Riddhi Corporate IPO and Vadivarhe Speciality Chemicals IPO is Jun 15, 2017, and May 25, 2017, respectively.

 Riddhi Corporate IPOVadivarhe Speciality Chemicals IPO
Issue OpenJun 12, 2017May 22, 2017
Issue CloseJun 15, 2017May 25, 2017
Basis Of Allotment (Tentative)May 30, 2017
Listing date (Tentative)Jun 22, 2017Jun 02, 2017

Financials & KPIs

Riddhi Corporate IPO P/E ratio is 16, as compared to Vadivarhe Speciality Chemicals IPO P/E ratio of .

 Riddhi Corporate IPOVadivarhe Speciality Chemicals 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)

Period Ended31 Mar 201731 Mar 201631 Mar 2015
Assets45.4134.0529.43
Total Income35.3726.4319.13
Profit After Tax5.793.383.98
NET Worth23.6917.9014.52
Reserves and Surplus11.5913.069.68
Total Borrowing11.208.5711.24
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100%99.81%
Promoter Shareholding (Post-Issue)70.77%72.88%
P/E Ratio16
Market Cap₹42.25 Cr.₹53.69 Cr.

Shares Offered

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

 Riddhi Corporate IPOVadivarhe Speciality Chemicals IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation50,000 shares1,80,000 shares
QIB0 shares0 shares
NII4,50,000 shares16,32,000 shares
RII4,50,000 shares16,32,000 shares
Employee0 shares0 shares
Total9,00,000 shares32,64,000 shares

Bids Received (Subscription)

Riddhi Corporate IPO subscribed 2.22x in total, whereas Vadivarhe Speciality Chemicals IPO subscribed 42.89x.

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Riddhi Corporate IPO Vs Vadivarhe Speciality Chemicals IPO