RKEC Projects IPO vs Shree Ganesh Remedies IPO

Comparison between RKEC Projects IPO and Shree Ganesh Remedies IPO.

IPO Details

RKEC Projects IPO is a SME Fixed Price IPO proposed to list at NSE SME while Shree Ganesh Remedies IPO is a SME Fixed Price proposed to list at BSE SME.

Issue Size and Price

The total issue size of RKEC Projects IPO is up to ₹27.24 Cr whereas the issue size of the Shree Ganesh Remedies IPO is up to ₹8.10 Cr. The final issue price of RKEC Projects IPO is ₹45.00 per share and of Shree Ganesh Remedies IPO is ₹36.00 per share.

 RKEC Projects IPOShree Ganesh Remedies IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹45.00 per share₹36.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size3000 shares3000 shares
Fresh Issue Size43,54,000 shares22,50,000 shares
Fresh Issue Size (Amount)up to ₹19.59 Crup to ₹8.10 Cr
OFS Issue Size17,00,000 shares0 shares
OFS Issue Size (Amount)up to ₹7.65 Crup to ₹0.00 Cr
Issue Size Total60,54,000 shares22,50,000 shares
Issue Size Total (Amount)up to ₹27.24 Crup to ₹8.10 Cr

IPO Timetable

RKEC Projects IPO opens on Sep 25, 2017, while Shree Ganesh Remedies IPO opens on Sep 28, 2017. The closing date of RKEC Projects IPO and Shree Ganesh Remedies IPO is Sep 28, 2017, and Oct 05, 2017, respectively.

 RKEC Projects IPOShree Ganesh Remedies IPO
Issue OpenSep 25, 2017Sep 28, 2017
Issue CloseSep 28, 2017Oct 05, 2017
Basis Of Allotment (Tentative)Oct 04, 2017Oct 10, 2017
Initiation of Refunds (Tentative)Oct 11, 2017
Credit of Share (Tentative)Oct 12, 2017
Listing date (Tentative)Oct 09, 2017Oct 13, 2017

Financials & KPIs

RKEC Projects IPO P/E ratio is , as compared to Shree Ganesh Remedies IPO P/E ratio of .

 RKEC Projects IPOShree Ganesh Remedies IPO
Financials

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

Company Financials (Restated)

Period Ended31 Mar 201731 Mar 201631 Mar 2015
Assets21.1715.6715.25
Total Income20.3215.8816.99
Profit After Tax2.611.081.27
NET Worth16.5413.9912.90
Reserves and Surplus15.4412.8911.80
Total Borrowing0.02
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99.99%85.31%
Promoter Shareholding (Post-Issue)73.41%62.72%
Market Cap₹107.96 Cr.₹32.30 Cr.

Shares Offered

In the RKEC Projects IPO Retail Individual Investors (RII) are offered 30,27,000 shares while in Shree Ganesh Remedies IPO retail investors are offered 30,27,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in RKEC Projects IPO and 0 shares in Shree Ganesh Remedies IPO.

 RKEC Projects IPOShree Ganesh Remedies IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation3,24,000 shares1,26,000 shares
QIB0 shares0 shares
NII30,27,000 shares11,25,000 shares
RII30,27,000 shares11,25,000 shares
Employee0 shares0 shares
Total60,54,000 shares22,50,000 shares

Bids Received (Subscription)

RKEC Projects IPO subscribed 19.15x in total, whereas Shree Ganesh Remedies IPO subscribed 1.77x.

 RKEC Projects IPOShree Ganesh Remedies IPO
NII (times)30.37x1.42x
RII (times)7.92x2.11x
Total (times)19.15x1.77x

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RKEC Projects IPO Vs Shree Ganesh Remedies IPO