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IRIS Clothings IPO vs Shubhlaxmi Jewel Art IPO

Comparison between IRIS Clothings IPO and Shubhlaxmi Jewel Art IPO.

IPO Details

IRIS Clothings IPO is a SME Fixed Price IPO proposed to list at NSE SME while Shubhlaxmi Jewel Art IPO is a SME Fixed Price proposed to list at NSE SME.

 IRIS Clothings IPOShubhlaxmi Jewel Art IPO
LogoIRIS Clothings IPO LogoShubhlaxmi Jewel Art IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMENSE SME
Lead ManagersVC Corporate Advisors Pvt.Ltd.Pantomath Capital Advisors Pvt.Ltd.
RegistrarCameo Corporate Services Ltd.MUFG Intime India Pvt.Ltd.
Market MakerChoice Equity Broking Pvt.Ltd.Pantomath Stock Brokers Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of IRIS Clothings IPO is up to ₹10.51 Cr whereas the issue size of the Shubhlaxmi Jewel Art IPO is up to ₹6.18 Cr. The final issue price of IRIS Clothings IPO is ₹90.00 per share and of Shubhlaxmi Jewel Art IPO is ₹26.00 per share.

 IRIS Clothings IPOShubhlaxmi Jewel Art IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹90.00 per share₹26.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size1600 shares4000 shares
Fresh Issue Size11,68,000 shares23,76,000 shares
Fresh Issue Size (Amount)up to ₹10.51 Crup to ₹6.18 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total11,68,000 shares23,76,000 shares
Issue Size Total (Amount)up to ₹10.51 Crup to ₹6.18 Cr

IPO Timetable

IRIS Clothings IPO opens on Oct 10, 2018, while Shubhlaxmi Jewel Art IPO opens on Nov 22, 2018. The closing date of IRIS Clothings IPO and Shubhlaxmi Jewel Art IPO is Oct 12, 2018, and Nov 27, 2018, respectively.

 IRIS Clothings IPOShubhlaxmi Jewel Art IPO
Issue OpenOct 10, 2018Nov 22, 2018
Issue CloseOct 12, 2018Nov 27, 2018
Basis Of Allotment (Tentative)Oct 17, 2018Nov 30, 2018
Initiation of Refunds (Tentative)Oct 17, 2018
Credit of Share (Tentative)Oct 19, 2018
Listing date (Tentative)Oct 23, 2018Dec 04, 2018

Financials & KPIs

IRIS Clothings IPO P/E ratio is , as compared to Shubhlaxmi Jewel Art IPO P/E ratio of .

 IRIS Clothings IPOShubhlaxmi Jewel Art IPO
Financials

Company Financials (Restated)

Period Ended30 Jun 201831 Mar 201831 Mar 201731 Mar 2016
Assets40.4339.7931.8226.61
Total Income14.8553.1046.8936.99
Profit After Tax1.173.381.600.65
Reserves and Surplus10.237.323.742.14
Total Borrowing17.262.1016.5913.66
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 May 201831 Mar 201831 Mar 201731 Mar 2016
Assets17.7317.8214.8015.43
Total Income2.0446.8543.4447.43
Profit After Tax0.040.820.650.37
EBITDA0.392.642.622.44
NET Worth5.845.554.013.26
Reserves and Surplus0.04
Total Borrowing8.188.698.328.85
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)91.57%100%
Promoter Shareholding (Post-Issue)67.4%69.85%
Market Cap₹41.95 Cr.₹21.59 Cr.

Shares Offered

In the IRIS Clothings IPO Retail Individual Investors (RII) are offered 5,84,000 shares while in Shubhlaxmi Jewel Art IPO retail investors are offered 5,84,000 shares. Qualified Institutional Buyers (QIB) are offered in IRIS Clothings IPO and 0 shares in Shubhlaxmi Jewel Art IPO.

 IRIS Clothings IPOShubhlaxmi Jewel Art IPO
Anchor Investor Reservation0 shares
Market Maker Reservation62,400 shares1,28,000 shares
QIB0 shares
NII5,84,000 shares11,88,000 shares
RII5,84,000 shares11,88,000 shares
Employee0 shares
Total11,68,000 shares23,76,000 shares

Bids Received (Subscription)

IRIS Clothings IPO subscribed 1.14x in total, whereas Shubhlaxmi Jewel Art IPO subscribed 4.22x.

 IRIS Clothings IPOShubhlaxmi Jewel Art IPO
NII (times)2.01x3.03x
RII (times)0.27x5.41x
Total (times)1.14x4.22x

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Compare:

IRIS Clothings IPO Vs Shubhlaxmi Jewel Art IPO