IRIS Business Services IPO vs Sheetal Cool Products IPO

Comparison between IRIS Business Services IPO and Sheetal Cool Products IPO.

IPO Details

IRIS Business Services IPO is a SME Fixed Price IPO proposed to list at BSE SME while Sheetal Cool Products IPO is a SME Fixed Price proposed to list at BSE SME.

Issue Size and Price

The total issue size of IRIS Business Services IPO is up to ₹15.18 Cr whereas the issue size of the Sheetal Cool Products IPO is up to ₹22.66 Cr. The final issue price of IRIS Business Services IPO is ₹32.00 per share and of Sheetal Cool Products IPO is ₹80.00 per share.

 IRIS Business Services IPOSheetal Cool Products IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹32.00 per share₹80.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size4000 shares1600 shares
Fresh Issue Size47,44,000 shares28,32,000 shares
Fresh Issue Size (Amount)up to ₹15.18 Crup to ₹22.66 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total47,44,000 shares28,32,000 shares
Issue Size Total (Amount)up to ₹15.18 Crup to ₹22.66 Cr

IPO Timetable

IRIS Business Services IPO opens on Sep 29, 2017, while Sheetal Cool Products IPO opens on Oct 16, 2017. The closing date of IRIS Business Services IPO and Sheetal Cool Products IPO is Oct 04, 2017, and Oct 18, 2017, respectively.

 IRIS Business Services IPOSheetal Cool Products IPO
Issue OpenSep 29, 2017Oct 16, 2017
Issue CloseOct 04, 2017Oct 18, 2017
Basis Of Allotment (Tentative)Oct 09, 2017Oct 25, 2017
Listing date (Tentative)Oct 11, 2017Oct 30, 2017

Financials & KPIs

IRIS Business Services IPO P/E ratio is , as compared to Sheetal Cool Products IPO P/E ratio of .

 IRIS Business Services IPOSheetal Cool Products IPO
Financials

Company Financials (Restated Standalone)

Period Ended31 Mar 201731 Mar 201631 Mar 2015
Assets60.4963.9863.26
Total Income27.3432.7755.72
Profit After Tax-9.04-6.713.38
NET Worth19.9229.9335.68
Reserves and Surplus12.9922.9928.74
Total Borrowing15.2615.426.73
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Jun 201731 Mar 201731 Mar 201631 Mar 2015
Assets51.2446.0423.2015.55
Total Income49.35154.63125.2844.90
Profit After Tax0.582.061.960.13
NET Worth8.778.196.131.17
Reserves and Surplus3.773.191.13-0.83
Total Borrowing12.0111.414.237.82
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)53.46%71.1%
Promoter Shareholding (Post-Issue)39.29%50.78%
Market Cap₹60.41 Cr.₹84.00 Cr.

Shares Offered

In the IRIS Business Services IPO Retail Individual Investors (RII) are offered 23,72,000 shares while in Sheetal Cool Products IPO retail investors are offered 23,72,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in IRIS Business Services IPO and 0 shares in Sheetal Cool Products IPO.

 IRIS Business Services IPOSheetal Cool Products IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation2,60,000 shares1,68,000 shares
QIB0 shares0 shares
NII23,72,000 shares14,16,000 shares
RII23,72,000 shares14,16,000 shares
Employee0 shares0 shares
Total47,44,000 shares28,32,000 shares

Bids Received (Subscription)

IRIS Business Services IPO subscribed 2.39x in total, whereas Sheetal Cool Products IPO subscribed 33.03x.

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