Bondada Engineering IPO vs Shelter Pharma IPO

Comparison between Bondada Engineering IPO and Shelter Pharma IPO.

IPO Details

Bondada Engineering IPO is a SME Fixed Price IPO proposed to list at BSE SME while Shelter Pharma IPO is a SME Fixed Price proposed to list at BSE SME.

Issue Size and Price

The total issue size of Bondada Engineering IPO is up to ₹40.56 Cr whereas the issue size of the Shelter Pharma IPO is up to ₹15.22 Cr. The final issue price of Bondada Engineering IPO is ₹75.00 per share and of Shelter Pharma IPO is ₹42.00 per share.

 Bondada Engineering IPOShelter Pharma IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹75.00 per share₹42.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares3000 shares
Fresh Issue Size54,08,000 shares36,24,000 shares
Fresh Issue Size (Amount)up to ₹40.56 Crup to ₹15.22 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total54,08,000 shares36,24,000 shares
Issue Size Total (Amount)up to ₹40.56 Crup to ₹15.22 Cr

IPO Timetable

Bondada Engineering IPO opens on Aug 18, 2023, while Shelter Pharma IPO opens on Aug 10, 2023. The closing date of Bondada Engineering IPO and Shelter Pharma IPO is Aug 22, 2023, and Aug 14, 2023, respectively.

Financials & KPIs

Bondada Engineering IPO P/E ratio is 6.56, as compared to Shelter Pharma IPO P/E ratio of 5.62.

 Bondada Engineering IPOShelter Pharma IPO
Financials

Company Financials (Restated Consolidated)

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets251.15157.62170.92
Total Income370.96334.21288.32
Profit After Tax18.2510.149.21
NET Worth78.3857.8947.76
Reserves and Surplus62.4757.0746.94
Total Borrowing84.2338.0346.67
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets21.4512.8410.20
Total Income36.1630.0622.49
Profit After Tax5.781.84-0.24
NET Worth14.518.807.11
Reserves and Surplus6.778.446.67
Total Borrowing1.780.130.00
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)86.0084.92
Promoter Shareholding (Post-Issue)63.3356.89
P/E Ratio6.565.62
Market Cap₹162.02 Cr.₹48.55 Cr.
ROE22.77%
ROCE35.63%
Debt/Equity1.07
EPS₹11.43₹7.47
RoNW22.77%39.86%

Shares Offered

In the Bondada Engineering IPO Retail Individual Investors (RII) are offered 27,04,000 shares while in Shelter Pharma IPO retail investors are offered 27,04,000 shares. Qualified Institutional Buyers (QIB) are offered in Bondada Engineering IPO and in Shelter Pharma IPO.

 Bondada Engineering IPOShelter Pharma IPO
Anchor Investor Reservation
Market Maker Reservation2,88,000 shares1,92,000 shares
QIB
NII27,04,000 shares18,12,000 shares
RII27,04,000 shares18,12,000 shares
Employee
Others
Total54,08,000 shares36,24,000 shares

Bids Received (Subscription)

Bondada Engineering IPO subscribed 112.28x in total, whereas Shelter Pharma IPO subscribed 15.25x.

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