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RMC Switchgears IPO vs Steel City Securities IPO

Comparison between RMC Switchgears IPO and Steel City Securities IPO.

IPO Details

RMC Switchgears IPO is a SME Fixed Price IPO proposed to list at BSE SME while Steel City Securities IPO is a SME Fixed Price proposed to list at NSE SME.

 RMC Switchgears IPOSteel City Securities IPO
LogoRMC Switchgears IPO LogoSteel City Securities IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMENSE SME
Lead ManagersHem Securities Ltd.Keynote Financial Services Ltd.
RegistrarMUFG Intime India Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerHem Securities Ltd.Keynote Capitals 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 RMC Switchgears IPO is up to ₹3.89 Cr whereas the issue size of the Steel City Securities IPO is up to ₹25.64 Cr. The final issue price of RMC Switchgears IPO is ₹27.00 per share and of Steel City Securities IPO is ₹55.00 per share.

 RMC Switchgears IPOSteel City Securities IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹27.00 per share₹55.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size4000 shares2000 shares
Fresh Issue Size6,72,000 shares24,80,183 shares
Fresh Issue Size (Amount)up to ₹1.81 Crup to ₹13.64 Cr
OFS Issue Size7,68,000 shares21,81,817 shares
OFS Issue Size (Amount)up to ₹2.07 Crup to ₹12.00 Cr
Issue Size Total14,40,000 shares46,62,000 shares
Issue Size Total (Amount)up to ₹3.89 Crup to ₹25.64 Cr

IPO Timetable

RMC Switchgears IPO opens on Feb 28, 2017, while Steel City Securities IPO opens on Feb 06, 2017. The closing date of RMC Switchgears IPO and Steel City Securities IPO is Mar 03, 2017, and Feb 09, 2017, respectively.

 RMC Switchgears IPOSteel City Securities IPO
Issue OpenFeb 28, 2017Feb 06, 2017
Issue CloseMar 03, 2017Feb 09, 2017
Basis Of Allotment (Tentative)Mar 08, 2017Feb 14, 2017
Listing date (Tentative)Mar 14, 2017Feb 17, 2017

Financials & KPIs

RMC Switchgears IPO P/E ratio is , as compared to Steel City Securities IPO P/E ratio of .

 RMC Switchgears IPOSteel City Securities IPO
Financials

Company Financials (Restated)

Period Ended30 Sep 201631 Mar 201631 Mar 201531 Mar 2014
Assets59.2749.0845.6342.88
Total Income26.1055.8545.7440.87
Profit After Tax0.860.790.240.20
NET Worth10.9510.109.319.09
Reserves and Surplus6.639.028.238.01
Total Borrowing25.8424.0820.2223.01
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Sep 201631 Mar 201631 Mar 201531 Mar 2014
Assets88.1975.7785.7372.18
Total Income16.2626.6631.6421.67
Profit After Tax2.653.936.573.29
NET Worth51.3648.6546.5345.20
Reserves and Surplus38.9836.2734.1532.82
Total Borrowing4.744.8017.643.42
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)83.09%69.56%
Promoter Shareholding (Post-Issue)58.16%42.58%
Market Cap₹13.75 Cr.₹83.09 Cr.

Shares Offered

In the RMC Switchgears IPO Retail Individual Investors (RII) are offered 7,20,000 shares while in Steel City Securities IPO retail investors are offered 7,20,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in RMC Switchgears IPO and 0 shares in Steel City Securities IPO.

 RMC Switchgears IPOSteel City Securities IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation96,000 shares2,46,000 shares
QIB0 shares0 shares
NII7,20,000 shares23,31,000 shares
RII7,20,000 shares23,31,000 shares
Employee0 shares0 shares
Total14,40,000 shares46,62,000 shares

Bids Received (Subscription)

RMC Switchgears IPO subscribed 24.85x in total, whereas Steel City Securities IPO subscribed 4.82x.

 RMC Switchgears IPOSteel City Securities IPO
NII (times)0.00x3.12x
RII (times)0.00x6.51x
Total (times)24.85x4.82x

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RMC Switchgears IPOSteel City Securities IPO
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Compare:

RMC Switchgears IPO Vs Steel City Securities IPO