Innovative Tyres IPO vs Share India Securities IPO

Comparison between Innovative Tyres IPO and Share India Securities IPO.

IPO Details

Innovative Tyres IPO is a SME Fixed Price IPO proposed to list at NSE SME while Share India Securities IPO is a SME Fixed Price proposed to list at BSE SME.

Issue Size and Price

The total issue size of Innovative Tyres IPO is up to ₹26.87 Cr whereas the issue size of the Share India Securities IPO is up to ₹25.04 Cr. The final issue price of Innovative Tyres IPO is ₹45.00 per share and of Share India Securities IPO is ₹41.00 per share.

 Innovative Tyres IPOShare India Securities IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹42.00 per share
Issue Price (Upper)₹45.00 per share
Issue Price (Final)₹45.00 per share₹41.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)₹0.00 per share
Market Lot Size3000 shares3000 shares
Fresh Issue Size59,70,000 shares56,08,000 shares
Fresh Issue Size (Amount)up to ₹26.87 Crup to ₹22.99 Cr
OFS Issue Size0 shares5,00,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹2.05 Cr
Issue Size Total59,70,000 shares61,08,000 shares
Issue Size Total (Amount)up to ₹26.87 Crup to ₹25.04 Cr

IPO Timetable

Innovative Tyres IPO opens on Sep 22, 2017, while Share India Securities IPO opens on Sep 21, 2017. The closing date of Innovative Tyres IPO and Share India Securities IPO is Sep 26, 2017, and Sep 26, 2017, respectively.

 Innovative Tyres IPOShare India Securities IPO
Issue OpenSep 22, 2017Sep 21, 2017
Issue CloseSep 26, 2017Sep 26, 2017
Basis Of Allotment (Tentative)Sep 29, 2017
Listing date (Tentative)Oct 05, 2017Oct 05, 2017

Financials & KPIs

Innovative Tyres IPO P/E ratio is , as compared to Share India Securities IPO P/E ratio of .

 Innovative Tyres IPOShare India Securities IPO
Financials

Company Financials (Restated)

Period Ended31 Mar 201731 Mar 201631 Mar 2015
Assets131.38125.59135.88
Total Income132.54125.90130.52
Profit After Tax4.081.894.12
NET Worth45.8737.9332.29
Reserves and Surplus28.9224.8422.95
Total Borrowing19.2817.0618.95
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Mar 201731 Mar 201631 Mar 2015
Assets103.8581.5158.46
Total Income110.1473.9933.37
Profit After Tax8.146.283.35
NET Worth33.0424.9017.39
Reserves and Surplus28.4220.2813.15
Total Borrowing30.5220.7018.88
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)37.42%98.72%
Promoter Shareholding (Post-Issue)24.32%72.70%
Market Cap₹80.96 Cr.₹100.14 Cr.

Shares Offered

In the Innovative Tyres IPO Retail Individual Investors (RII) are offered 25,50,000 shares while in Share India Securities IPO retail investors are offered 25,50,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Innovative Tyres IPO and 0 shares in Share India Securities IPO.

 Innovative Tyres IPOShare India Securities IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation3,27,000 shares3,24,000 shares
QIB0 shares0 shares
NII25,50,000 shares30,54,000 shares
RII25,50,000 shares30,54,000 shares
Employee8,70,000 shares0 shares
Total59,70,000 shares61,08,000 shares

Bids Received (Subscription)

Innovative Tyres IPO subscribed 8.03x in total, whereas Share India Securities IPO subscribed 4.03x.

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Innovative Tyres IPO Vs Share India Securities IPO