RMC Switchgears IPO vs Sarthak Metals IPO

Comparison between RMC Switchgears IPO and Sarthak Metals IPO.

IPO Details

RMC Switchgears IPO is a SME Fixed Price IPO proposed to list at BSE SME while Sarthak Metals IPO is a SME Fixed Price proposed to list at BSE SME.

Issue Size and Price

The total issue size of RMC Switchgears IPO is up to ₹3.89 Cr whereas the issue size of the Sarthak Metals IPO is up to ₹10.32 Cr. The final issue price of RMC Switchgears IPO is ₹27.00 per share and of Sarthak Metals IPO is ₹30.00 per share.

 RMC Switchgears IPOSarthak Metals IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹27.00 per share₹30.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size4000 shares4000 shares
Fresh Issue Size6,72,000 shares14,04,000 shares
Fresh Issue Size (Amount)up to ₹1.81 Crup to ₹4.21 Cr
OFS Issue Size7,68,000 shares20,36,000 shares
OFS Issue Size (Amount)up to ₹2.07 Crup to ₹6.11 Cr
Issue Size Total14,40,000 shares34,40,000 shares
Issue Size Total (Amount)up to ₹3.89 Crup to ₹10.32 Cr

IPO Timetable

RMC Switchgears IPO opens on Feb 28, 2017, while Sarthak Metals IPO opens on Mar 10, 2017. The closing date of RMC Switchgears IPO and Sarthak Metals IPO is Mar 03, 2017, and Mar 17, 2017, respectively.

 RMC Switchgears IPOSarthak Metals IPO
Issue OpenFeb 28, 2017Mar 10, 2017
Issue CloseMar 03, 2017Mar 17, 2017
Basis Of Allotment (Tentative)Mar 08, 2017Mar 22, 2017
Listing date (Tentative)Mar 14, 2017Mar 27, 2017

Financials & KPIs

RMC Switchgears IPO P/E ratio is , as compared to Sarthak Metals IPO P/E ratio of .

 RMC Switchgears IPOSarthak Metals 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
Assets55.0148.9947.1840.22
Total Income73.96128.72151.49147.22
Profit After Tax2.473.672.872.60
NET Worth26.7024.2320.5717.74
Reserves and Surplus14.6112.148.485.65
Total Borrowing24.9123.1723.5819.54
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)83.09%91.75%
Promoter Shareholding (Post-Issue)58.16%69.25%
Market Cap₹13.75 Cr.₹41.07 Cr.

Shares Offered

In the RMC Switchgears IPO Retail Individual Investors (RII) are offered 7,20,000 shares while in Sarthak Metals 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 Sarthak Metals IPO.

 RMC Switchgears IPOSarthak Metals IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation96,000 shares1,96,000 shares
QIB0 shares0 shares
NII7,20,000 shares17,20,000 shares
RII7,20,000 shares17,20,000 shares
Employee0 shares0 shares
Total14,40,000 shares34,40,000 shares

Bids Received (Subscription)

RMC Switchgears IPO subscribed 24.85x in total, whereas Sarthak Metals IPO subscribed 2.02x.

 RMC Switchgears IPOSarthak Metals IPO
NII (times)0.00x0.00x
RII (times)0.00x0.00x
Total (times)24.85x2.02x

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RMC Switchgears IPO Vs Sarthak Metals IPO