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GP Eco Solutions IPO vs Sattrix Information Security IPO

Comparison between GP Eco Solutions IPO and Sattrix Information Security IPO.

IPO Details

GP Eco Solutions IPO is a SME Fixed Price IPO proposed to list at NSE SME while Sattrix Information Security IPO is a SME Fixed Price proposed to list at BSE SME.

 GP Eco Solutions IPOSattrix Information Security IPO
LogoGP Eco Solutions IPO LogoSattrix Information Security IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersCorporate Capitalventures Pvt.Ltd.ISK Advisors Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerSS Corporate Securities Ltd.Sunflower Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of GP Eco Solutions IPO is up to ₹27.71 Cr whereas the issue size of the Sattrix Information Security IPO is up to ₹20.67 Cr. The final issue price of GP Eco Solutions IPO is ₹94.00 per share and of Sattrix Information Security IPO is ₹121.00 per share.

 GP Eco Solutions IPOSattrix Information Security IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹90.00 per share
Issue Price (Upper)₹94.00 per share
Issue Price (Final)₹94.00 per share₹121.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1200 shares1000 shares
Fresh Issue Size29,48,400 shares17,08,000 shares
Fresh Issue Size (Amount)up to ₹27.71 Crup to ₹20.67 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total29,48,400 shares17,08,000 shares
Issue Size Total (Amount)up to ₹27.71 Crup to ₹20.67 Cr

IPO Timetable

GP Eco Solutions IPO opens on Jun 14, 2024, while Sattrix Information Security IPO opens on Jun 05, 2024. The closing date of GP Eco Solutions IPO and Sattrix Information Security IPO is Jun 19, 2024, and Jun 07, 2024, respectively.

 GP Eco Solutions IPOSattrix Information Security IPO
Anchor Bid DateJun 13, 2024
Issue OpenJun 14, 2024Jun 05, 2024
Issue CloseJun 19, 2024Jun 07, 2024
Basis Of Allotment (Tentative)Jun 20, 2024Jun 10, 2024
Initiation of Refunds (Tentative)Jun 21, 2024Jun 11, 2024
Credit of Share (Tentative)Jun 21, 2024Jun 11, 2024
Listing date (Tentative)Jun 24, 2024Jun 12, 2024
Anchor Lockin End date 1Jul 20, 2024
Anchor Lockin End date 2Sep 18, 2024

Financials & KPIs

GP Eco Solutions IPO P/E ratio is 21.44, as compared to Sattrix Information Security IPO P/E ratio of 15.12.

 GP Eco Solutions IPOSattrix Information Security IPO
Financials

GP Eco Solutions India Limited Financial Information (Restated)

GP Eco Solutions India Limited's revenue increased by 25.08% and profit after tax (PAT) rose by 33.43% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets4,728.754,715.191,904.891,429.81
Total Income7,858.8810,447.638,352.994,652.91
Profit After Tax473.27369.82277.1796.94
Net Worth1,298.08824.81454.98177.81
Reserves and Surplus578.08804.81434.98157.81
Total Borrowing1,544.791,316.52517.55351.37
Amount in ₹ Lakhs

Sattrix Information Security Limited Financial Information (Restated Consolidated)

Sattrix Information Security Limited's revenue increased by 60.76% and profit after tax (PAT) rose by 86.86% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets2,462.282,567.061,449.07950.32
Total Income3,061.613,775.652,348.692,120.23
Profit After Tax250.71400.12214.13193.83
Net Worth1,446.961,194.02776.51557.12
Reserves and Surplus946.961,193.02775.51556.12
Total Borrowing384.77194.55235.8844.54
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)86.4100.00
Promoter Shareholding (Post-Issue)62.23
P/E Ratio21.4415.12
Market Cap₹110.08 Cr.₹82.28 Cr.
ROE44.59%18.99%
ROCE26.51%20.93%
Debt/Equity1.110.27
EPS₹4.38₹8.00
RoNW42.70%17.33%

Shares Offered

In the GP Eco Solutions IPO Retail Individual Investors (RII) are offered 10,32,000 shares while in Sattrix Information Security IPO retail investors are offered 10,32,000 shares. Qualified Institutional Buyers (QIB) are offered 5,89,200 shares in GP Eco Solutions IPO and in Sattrix Information Security IPO.

 GP Eco Solutions IPOSattrix Information Security IPO
Anchor Investor Reserveration8,83,200 shares
Market Maker Reserveration3,27,600 shares92,000 shares
QIB5,89,200 shares
NII4,44,000 shares8,54,000 shares
RII10,32,000 shares8,54,000 shares
Employee
Others
Total29,48,400 shares17,08,000 shares

Bids Received (Subscription)

GP Eco Solutions IPO subscribed 856.21x in total, whereas Sattrix Information Security IPO subscribed 70.44x.

 GP Eco Solutions IPOSattrix Information Security IPO
QIB (times)236.64x
NII (times)1,824.87x87.88x
Big NII (times)
Small NII (times)
RII (times)793.20x37.76x
Employee (times)
Other (times)
Total (times)856.21x70.44x