Goel Food Products IPO vs Scarnose International IPO

Comparison between Goel Food Products IPO and Scarnose International IPO.

IPO Details

Goel Food Products IPO is a SME Fixed Price IPO proposed to list at BSE SME while Scarnose International IPO is a SME Fixed Price proposed to list at BSE SME.

Issue Size and Price

The total issue size of Goel Food Products IPO is up to ₹6.84 Cr whereas the issue size of the Scarnose International IPO is up to ₹6.27 Cr. The final issue price of Goel Food Products IPO is ₹72.00 per share and of Scarnose International IPO is ₹55.00 per share.

 Goel Food Products IPOScarnose International IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹72.00 per share₹55.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares2000 shares
Fresh Issue Size4,49,600 shares11,40,000 shares
Fresh Issue Size (Amount)up to ₹3.24 Crup to ₹6.27 Cr
OFS Issue Size5,00,800 shares0 shares
OFS Issue Size (Amount)up to ₹3.61 Crup to ₹0.00 Cr
Issue Size Total9,50,400 shares11,40,000 shares
Issue Size Total (Amount)up to ₹6.84 Crup to ₹6.27 Cr

IPO Timetable

Goel Food Products IPO opens on Jun 15, 2022, while Scarnose International IPO opens on Jun 14, 2022. The closing date of Goel Food Products IPO and Scarnose International IPO is Jun 20, 2022, and Jun 17, 2022, respectively.

Financials & KPIs

Goel Food Products IPO P/E ratio is 10.84, as compared to Scarnose International IPO P/E ratio of 51.89.

 Goel Food Products IPOScarnose International IPO
Financials

Company Financials (Restated)

Period Ended31 Dec 202131 Mar 202131 Mar 202031 Mar 2019
Assets45.6326.5435.3329.04
Total Income12.017.5416.0713.87
Profit After Tax1.88-0.010.631.48
NET Worth9.417.547.547.42
Reserves and Surplus8.606.726.736.60
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Mar 202231 Mar 202131 Mar 2020
Assets12.424.5812.05
Total Income95.9332.5612.05
Profit After Tax0.330.230.03
NET Worth3.391.910.04
Reserves and Surplus1.441.490.03
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99.9899.99
Promoter Shareholding (Post-Issue)73.4161.90
P/E Ratio10.8451.89
Market Cap₹27.15 Cr.₹17.33 Cr.
ROE0
ROCE3
Debt/Equity1.980.85
EPS₹-0.09₹1.76
RoNW-0.19.86

Shares Offered

In the Goel Food Products IPO Retail Individual Investors (RII) are offered 4,75,200 shares while in Scarnose International IPO retail investors are offered 4,75,200 shares. Qualified Institutional Buyers (QIB) are offered in Goel Food Products IPO and in Scarnose International IPO.

 Goel Food Products IPOScarnose International IPO
Anchor Investor Reservation
Market Maker Reservation51,200 shares60,000 shares
QIB
NII4,75,200 shares5,70,000 shares
RII4,75,200 shares5,70,000 shares
Employee
Others
Total9,50,400 shares11,40,000 shares

Bids Received (Subscription)

Goel Food Products IPO subscribed 1.64x in total, whereas Scarnose International IPO subscribed 2.22x.

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Goel Food Products IPO Vs Scarnose International IPO