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Party Cruisers IPO vs Shine Fashions IPO

Comparison between Party Cruisers IPO and Shine Fashions IPO.

IPO Details

Party Cruisers IPO is a SME Fixed Price IPO proposed to list at NSE SME while Shine Fashions IPO is a SME Fixed Price proposed to list at BSE SME.

 Party Cruisers IPOShine Fashions IPO
LogoParty Cruisers IPO LogoShine Fashions IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersFirst Overseas Capital Ltd.Shreni Shares Ltd.
RegistrarKfin Technologies Ltd.Cameo Corporate Services Ltd.
Market MakerNNM Securities Pvt.Ltd.Shreni Shares Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Party Cruisers IPO is up to ₹7.36 Cr whereas the issue size of the Shine Fashions IPO is up to ₹1.51 Cr. The final issue price of Party Cruisers IPO is ₹51.00 per share and of Shine Fashions IPO is ₹40.00 per share.

 Party Cruisers IPOShine Fashions IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹51.00 per share₹40.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares3000 shares
Fresh Issue Size14,44,000 shares3,78,000 shares
Fresh Issue Size (Amount)up to ₹7.36 Crup to ₹1.51 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total14,44,000 shares3,78,000 shares
Issue Size Total (Amount)up to ₹7.36 Crup to ₹1.51 Cr

IPO Timetable

Party Cruisers IPO opens on Feb 22, 2021, while Shine Fashions IPO opens on Oct 22, 2020. The closing date of Party Cruisers IPO and Shine Fashions IPO is Feb 25, 2021, and Oct 26, 2020, respectively.

 Party Cruisers IPOShine Fashions IPO
Anchor Bid Date
Issue OpenFeb 22, 2021Oct 22, 2020
Issue CloseFeb 25, 2021Oct 26, 2020
Basis Of Allotment (Tentative)Mar 02, 2021
Initiation of Refunds (Tentative)Mar 03, 2021
Credit of Share (Tentative)Mar 04, 2021
Listing date (Tentative)Mar 05, 2021Nov 02, 2020
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Party Cruisers IPO P/E ratio is , as compared to Shine Fashions IPO P/E ratio of .

 Party Cruisers IPOShine Fashions IPO
Financials
Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Lakh)
30-Sep-20 31-Mar-20 31-Mar-19 31-Mar-18
Total Assets 1169.44 1227.70 1194.35 1014.12
Total Revenue 171.49 1588.58 1888.17 1535.67
Profit After Tax 14.84 130.15 193.47 147.80
Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (Rs in lakhs)
31-Dec-19
Total Assets 447.27
Total Revenue 511.83
Profit After Tax 42.21
Promoter Shareholding (Pre-Issue)94.3099.98
Promoter Shareholding (Post-Issue)68.71
P/E Ratio
Market Cap
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Party Cruisers IPO Retail Individual Investors (RII) are offered 7,22,000 shares while in Shine Fashions IPO retail investors are offered 7,22,000 shares. Qualified Institutional Buyers (QIB) are offered in Party Cruisers IPO and in Shine Fashions IPO.

 Party Cruisers IPOShine Fashions IPO
Anchor Investor Reserveration
Market Maker Reserveration76,000 shares21,000 shares
QIB
NII7,22,000 shares1,89,000 shares
RII7,22,000 shares1,89,000 shares
Employee
Others
Total14,44,000 shares3,78,000 shares

Bids Received (Subscription)

Party Cruisers IPO subscribed in total, whereas Shine Fashions IPO subscribed 1.73x.

 Party Cruisers IPOShine Fashions IPO
QIB (times)
NII (times)1.83x
Big NII (times)
Small NII (times)
RII (times)1.63x
Employee (times)
Other (times)
Total (times)1.73x