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Indian Emulsifiers IPO vs Rulka Electricals IPO

Comparison between Indian Emulsifiers IPO and Rulka Electricals IPO.

IPO Details

Indian Emulsifiers IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Rulka Electricals IPO is a SME Bookbuilding proposed to list at NSE SME.

 Indian Emulsifiers IPORulka Electricals IPO
LogoIndian Emulsifiers IPO LogoRulka Electricals IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersEkadrisht Capital Pvt.Ltd.Beeline Capital Advisors Pvt.Ltd.
RegistrarMaashitla Securities Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerSS Corporate Securities Ltd.Sunflower Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Indian Emulsifiers IPO is up to ₹40.26 Cr whereas the issue size of the Rulka Electricals IPO is up to ₹25.07 Cr. The final issue price of Indian Emulsifiers IPO is ₹132.00 per share and of Rulka Electricals IPO is ₹235.00 per share.

 Indian Emulsifiers IPORulka Electricals IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹125.00 per share₹223.00 per share
Issue Price (Upper)₹132.00 per share₹235.00 per share
Issue Price (Final)₹132.00 per share₹235.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1000 shares600 shares
Fresh Issue Size30,50,000 shares7,86,000 shares
Fresh Issue Size (Amount)up to ₹40.26 Crup to ₹18.47 Cr
OFS Issue Size0 shares2,80,800 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹6.60 Cr
Issue Size Total30,50,000 shares10,66,800 shares
Issue Size Total (Amount)up to ₹40.26 Crup to ₹25.07 Cr

IPO Timetable

Indian Emulsifiers IPO opens on May 13, 2024, while Rulka Electricals IPO opens on May 16, 2024. The closing date of Indian Emulsifiers IPO and Rulka Electricals IPO is May 16, 2024, and May 21, 2024, respectively.

 Indian Emulsifiers IPORulka Electricals IPO
Anchor Bid DateMay 10, 2024May 15, 2024
Issue OpenMay 13, 2024May 16, 2024
Issue CloseMay 16, 2024May 21, 2024
Basis Of Allotment (Tentative)May 17, 2024May 22, 2024
Initiation of Refunds (Tentative)May 21, 2024May 23, 2024
Credit of Share (Tentative)May 21, 2024May 23, 2024
Listing date (Tentative)May 22, 2024May 24, 2024
Anchor Lockin End date 1Jun 16, 2024Jun 21, 2024
Anchor Lockin End date 2Aug 15, 2024Aug 20, 2024

Financials & KPIs

Indian Emulsifiers IPO P/E ratio is 30.54, as compared to Rulka Electricals IPO P/E ratio of 28.62.

 Indian Emulsifiers IPORulka Electricals IPO
Financials

Indian Emulsifier Limited Financial Information (Restated Standalone)

Indian Emulsifier Limited's revenue increased by 132.9% and profit after tax (PAT) rose by 8935.73% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets6,176.633,432.261,910.2259.72
Total Income4,870.164,118.351,768.31
Profit After Tax675.01389.444.31-0.37
Net Worth2,636.351,204.35814.940.63
Reserves and Surplus1,735.22393.343.93-0.37
Total Borrowing2,244.452,030.441,068.5458.91
Amount in ₹ Lakhs

Rulka Electricals Limited Financial Information (Restated Standalone)

Period Ended29 Feb 202431 Mar 202331 Mar 202231 Mar 2021
Assets4,082.092,826.951,919.04982.41
Total Income6,527.774,689.783,627.411,960.11
Profit After Tax565.77280.52112.0853.72
Net Worth1,290.15557.33276.82164.74
Reserves and Surplus948.55546.33265.82153.74
Total Borrowing1,104.89527.07281.46230.99
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)65.2586.28
Promoter Shareholding (Post-Issue)48.1169.22
P/E Ratio30.5428.62
Market Cap₹161.33 Cr.₹100.07 Cr.
ROE25.61%61.25%
ROCE38.03%33.67%
Debt/Equity0.512.16
EPS₹4.32₹8.21
RoNW25.60%43.85%

Shares Offered

In the Indian Emulsifiers IPO Retail Individual Investors (RII) are offered 10,70,000 shares while in Rulka Electricals IPO retail investors are offered 10,70,000 shares. Qualified Institutional Buyers (QIB) are offered 6,10,000 shares in Indian Emulsifiers IPO and 2,13,600 shares in Rulka Electricals IPO.

 Indian Emulsifiers IPORulka Electricals IPO
Anchor Investor Reserveration9,10,000 shares3,19,200 shares
Market Maker Reserveration1,61,000 shares56,400 shares
QIB6,10,000 shares2,13,600 shares
NII4,60,000 shares1,60,200 shares
RII10,70,000 shares3,73,800 shares
Employee
Others
Total30,50,000 shares10,66,800 shares

Bids Received (Subscription)

Indian Emulsifiers IPO subscribed 460.07x in total, whereas Rulka Electricals IPO subscribed 676.83x.

 Indian Emulsifiers IPORulka Electricals IPO
QIB (times)175.95x204.22x
NII (times)779.63x1,350.15x
Big NII (times)
Small NII (times)
RII (times)484.66x658.32x
Employee (times)
Other (times)
Total (times)460.07x676.83x