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Italian Edibles IPO vs Rudra Gas Enterprise IPO

Comparison between Italian Edibles IPO and Rudra Gas Enterprise IPO.

IPO Details

Italian Edibles IPO is a SME Fixed Price IPO proposed to list at NSE SME while Rudra Gas Enterprise IPO is a SME Fixed Price proposed to list at BSE SME.

 Italian Edibles IPORudra Gas Enterprise IPO
LogoItalian Edibles IPO LogoRudra Gas Enterprise IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersFirst Overseas Capital Ltd.Beeline Capital Advisors Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.MUFG Intime India Pvt.Ltd.
Market MakerNikunj Stock Brokers Ltd.Spread X Securities Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Italian Edibles IPO is up to ₹25.30 Cr whereas the issue size of the Rudra Gas Enterprise IPO is up to ₹13.43 Cr. The final issue price of Italian Edibles IPO is ₹68.00 per share and of Rudra Gas Enterprise IPO is ₹63.00 per share.

 Italian Edibles IPORudra Gas Enterprise IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹68.00 per share₹63.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares2000 shares
Fresh Issue Size37,20,000 shares21,32,000 shares
Fresh Issue Size (Amount)up to ₹25.30 Crup to ₹13.43 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total37,20,000 shares21,32,000 shares
Issue Size Total (Amount)up to ₹25.30 Crup to ₹13.43 Cr

IPO Timetable

Italian Edibles IPO opens on Feb 02, 2024, while Rudra Gas Enterprise IPO opens on Feb 08, 2024. The closing date of Italian Edibles IPO and Rudra Gas Enterprise IPO is Feb 07, 2024, and Feb 12, 2024, respectively.

 Italian Edibles IPORudra Gas Enterprise IPO
Anchor Bid Date
Issue OpenFeb 02, 2024Feb 08, 2024
Issue CloseFeb 07, 2024Feb 12, 2024
Basis Of Allotment (Tentative)Feb 08, 2024Feb 13, 2024
Initiation of Refunds (Tentative)Feb 09, 2024Feb 14, 2024
Credit of Share (Tentative)Feb 09, 2024Feb 14, 2024
Listing date (Tentative)Feb 12, 2024Feb 15, 2024
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Italian Edibles IPO P/E ratio is 27.94, as compared to Rudra Gas Enterprise IPO P/E ratio of 10.9.

 Italian Edibles IPORudra Gas Enterprise IPO
Financials

Italian Edibles Limited Financial Information (Restated)

Italian Edibles Limited's revenue decreased by -16.1% and profit after tax (PAT) rose by 229.4% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Aug 202331 Mar 202331 Mar 202231 Mar 2021
Assets4,824.644,155.243,905.453,946.43
Total Income3,052.166,330.097,545.254,899.44
Profit After Tax209.68264.2180.2186.52
Net Worth1,287.921,078.24814.03583.82
Reserves and Surplus202.21906.82642.60433.82
Amount in ₹ Lakhs

Rudra Gas Enterprise Limited Financial Information (Restated Standalone)

Rudra Gas Enterprise Limited's revenue increased by 12.76% and profit after tax (PAT) rose by 96.21% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Oct 202331 Mar 202331 Mar 202231 Mar 2021
Assets4,345.393,380.562,804.921,960.50
Total Income3,446.814,957.024,395.952,816.96
Profit After Tax247.41352.02179.41127.05
Net Worth1,149.10798.50446.48267.07
Reserves and Surplus540.10773.50421.48242.07
Total Borrowing1,990.151,738.341,379.981,008.22
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)100.0099.99
Promoter Shareholding (Post-Issue)73.4773.03
P/E Ratio27.9410.9
Market Cap₹100.48 Cr.₹52.53 Cr.
ROE24.50%57%
ROCE19.32%25%
Debt/Equity1.602.18
EPS₹2.43₹5.78
RoNW24.50%44.09%

Shares Offered

In the Italian Edibles IPO Retail Individual Investors (RII) are offered 18,60,000 shares while in Rudra Gas Enterprise IPO retail investors are offered 18,60,000 shares. Qualified Institutional Buyers (QIB) are offered in Italian Edibles IPO and in Rudra Gas Enterprise IPO.

 Italian Edibles IPORudra Gas Enterprise IPO
Anchor Investor Reserveration
Market Maker Reserveration2,00,000 shares1,16,000 shares
QIB
NII18,60,000 shares10,66,000 shares
RII18,60,000 shares10,66,000 shares
Employee
Others
Total37,20,000 shares21,32,000 shares

Bids Received (Subscription)

Italian Edibles IPO subscribed 154.43x in total, whereas Rudra Gas Enterprise IPO subscribed 350.75x.

 Italian Edibles IPORudra Gas Enterprise IPO
QIB (times)
NII (times)177.37x286.62x
Big NII (times)
Small NII (times)
RII (times)120.62x404.38x
Employee (times)
Other (times)
Total (times)154.43x350.75x