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Bright Solar IPO vs Rudrabhishek Enterprises IPO

Comparison between Bright Solar IPO and Rudrabhishek Enterprises IPO.

IPO Details

Bright Solar IPO is a SME Fixed Price IPO proposed to list at NSE SME while Rudrabhishek Enterprises IPO is a SME Fixed Price proposed to list at NSE SME.

 Bright Solar IPORudrabhishek Enterprises IPO
LogoBright Solar IPO LogoRudrabhishek Enterprises IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMENSE SME
Lead ManagersSwastika Investmart Ltd.Khambatta Securities Ltd.
RegistrarAlankit Assignments Ltd.Skyline Financial Services Pvt.Ltd.
Market MakerBeeline Broking Ltd.Indo Jatalia 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 Bright Solar IPO is up to ₹18.47 Cr whereas the issue size of the Rudrabhishek Enterprises IPO is up to ₹17.80 Cr. The final issue price of Bright Solar IPO is ₹36.00 per share and of Rudrabhishek Enterprises IPO is ₹41.00 per share.

 Bright Solar IPORudrabhishek Enterprises IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹36.00 per share₹41.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size3000 shares3000 shares
Fresh Issue Size51,30,000 shares43,41,000 shares
Fresh Issue Size (Amount)up to ₹18.47 Crup to ₹17.80 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total51,30,000 shares43,41,000 shares
Issue Size Total (Amount)up to ₹18.47 Crup to ₹17.80 Cr

IPO Timetable

Bright Solar IPO opens on Jun 26, 2018, while Rudrabhishek Enterprises IPO opens on Jun 29, 2018. The closing date of Bright Solar IPO and Rudrabhishek Enterprises IPO is Jun 29, 2018, and Jul 05, 2018, respectively.

 Bright Solar IPORudrabhishek Enterprises IPO
Anchor Bid Date
Issue OpenJun 26, 2018Jun 29, 2018
Issue CloseJun 29, 2018Jul 05, 2018
Basis Of Allotment (Tentative)Jul 04, 2018
Initiation of Refunds (Tentative)Jul 06, 2018
Credit of Share (Tentative)Jul 06, 2018
Listing date (Tentative)Jul 09, 2018Jul 13, 2018
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Bright Solar IPO P/E ratio is , as compared to Rudrabhishek Enterprises IPO P/E ratio of .

 Bright Solar IPORudrabhishek Enterprises IPO
Financials
Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 3,309.49 2,212.31 3,892.34 818.82 1,978.49
Total Revenue 1,812.99 1,547.06 4,784.25 2,846.13 2,239.93
Profit After Tax 171.11 70.53 196.87 54.29 38.02
Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Dec-17 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 4,586.28 3,920.61 3,385.42 3,110.69 2,564.39 1,416.52
Total Revenue 3,204.72 2,794.08 3,411.80 3,515.00 3,210.89 2,190.04
Profit After Tax 395.23 413.62 528.98 467.89 759.31 397.47
Promoter Shareholding (Pre-Issue)
Promoter Shareholding (Post-Issue)
P/E Ratio
Market Cap
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Bright Solar IPO Retail Individual Investors (RII) are offered 25,65,000 shares while in Rudrabhishek Enterprises IPO retail investors are offered 25,65,000 shares. Qualified Institutional Buyers (QIB) are offered in Bright Solar IPO and in Rudrabhishek Enterprises IPO.

 Bright Solar IPORudrabhishek Enterprises IPO
Anchor Investor Reserveration
Market Maker Reserveration2,70,000 shares2,31,000 shares
QIB
NII25,65,000 shares21,69,000 shares
RII25,65,000 shares21,69,000 shares
Employee
Others
Total51,30,000 shares43,38,000 shares

Bids Received (Subscription)

Bright Solar IPO subscribed 1.85x in total, whereas Rudrabhishek Enterprises IPO subscribed 1.17x.

 Bright Solar IPORudrabhishek Enterprises IPO
QIB (times)
NII (times)2.21x1.81x
Big NII (times)
Small NII (times)
RII (times)1.49x0.52x
Employee (times)
Other (times)
Total (times)1.85x1.17x