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RKEC Projects IPO vs Tirupati Forge IPO

Comparison between RKEC Projects IPO and Tirupati Forge IPO.

IPO Details

RKEC Projects IPO is a SME Fixed Price IPO proposed to list at NSE SME while Tirupati Forge IPO is a SME Fixed Price proposed to list at NSE SME.

 RKEC Projects IPOTirupati Forge IPO
LogoRKEC Projects IPO LogoTirupati Forge IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMENSE SME
Lead ManagersHem Securities Ltd.Pantomath Capital Advisors Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.MUFG Intime India Pvt.Ltd.
Market MakerHem Finlease Pvt.Ltd.Pantomath Stock Brokers 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 RKEC Projects IPO is up to ₹27.24 Cr whereas the issue size of the Tirupati Forge IPO is up to ₹4.95 Cr. The final issue price of RKEC Projects IPO is ₹45.00 per share and of Tirupati Forge IPO is ₹29.00 per share.

 RKEC Projects IPOTirupati Forge IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹45.00 per share₹29.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size3000 shares4000 shares
Fresh Issue Size43,54,000 shares17,08,000 shares
Fresh Issue Size (Amount)up to ₹19.59 Crup to ₹4.95 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 shares17,08,000 shares
Issue Size Total (Amount)up to ₹27.24 Crup to ₹4.95 Cr

IPO Timetable

RKEC Projects IPO opens on Sep 25, 2017, while Tirupati Forge IPO opens on Sep 29, 2017. The closing date of RKEC Projects IPO and Tirupati Forge IPO is Sep 28, 2017, and Oct 04, 2017, respectively.

 RKEC Projects IPOTirupati Forge IPO
Issue OpenSep 25, 2017Sep 29, 2017
Issue CloseSep 28, 2017Oct 04, 2017
Basis Of Allotment (Tentative)Oct 04, 2017Oct 09, 2017
Listing date (Tentative)Oct 09, 2017Oct 12, 2017

Financials & KPIs

RKEC Projects IPO P/E ratio is , as compared to Tirupati Forge IPO P/E ratio of .

 RKEC Projects IPOTirupati Forge 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
Assets10.339.7214.16
Total Income16.3718.2830.37
Profit After Tax0.510.170.70
NET Worth2.712.202.03
Reserves and Surplus1.921.421.25
Total Borrowing3.824.605.79
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99.99%98.72%
Promoter Shareholding (Post-Issue)73.41%68.15%
Market Cap₹107.96 Cr.₹16.85 Cr.

Shares Offered

In the RKEC Projects IPO Retail Individual Investors (RII) are offered 30,27,000 shares while in Tirupati Forge 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 Tirupati Forge IPO.

 RKEC Projects IPOTirupati Forge IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation3,24,000 shares92,000 shares
QIB0 shares0 shares
NII30,27,000 shares8,54,000 shares
RII30,27,000 shares8,54,000 shares
Employee0 shares0 shares
Total60,54,000 shares17,08,000 shares

Bids Received (Subscription)

RKEC Projects IPO subscribed 19.15x in total, whereas Tirupati Forge IPO subscribed 6.94x.

 RKEC Projects IPOTirupati Forge IPO
NII (times)30.37x3.56x
RII (times)7.92x10.32x
Total (times)19.15x6.94x

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Compare:

RKEC Projects IPO Vs Tirupati Forge IPO