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IRIS Business Services IPO vs Siddharth Education IPO

Comparison between IRIS Business Services IPO and Siddharth Education IPO.

IPO Details

IRIS Business Services IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Siddharth Education IPO is a SME Bookbuilding proposed to list at BSE SME.

 IRIS Business Services IPOSiddharth Education IPO
LogoIRIS Business Services IPO LogoSiddharth Education IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMEBSE SME
Lead ManagersPantomath Capital Advisors Pvt.Ltd.Gretex Corporate Services Ltd.
RegistrarMUFG Intime India Pvt.Ltd.Kfin Technologies Ltd.
Market MakerAsit C.Mehta Investment Interrmediates Ltd.Gretex Share Broking 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 Business Services IPO is up to ₹15.18 Cr whereas the issue size of the Siddharth Education IPO is up to ₹10.33 Cr. The final issue price of IRIS Business Services IPO is ₹32.00 per share and of Siddharth Education IPO is ₹35.00 per share.

 IRIS Business Services IPOSiddharth Education IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹30.00 per share
Issue Price (Upper)₹35.00 per share
Issue Price (Final)₹32.00 per share₹35.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size4000 shares4000 shares
Fresh Issue Size47,44,000 shares29,52,000 shares
Fresh Issue Size (Amount)up to ₹15.18 Crup to ₹10.33 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total47,44,000 shares29,52,000 shares
Issue Size Total (Amount)up to ₹15.18 Crup to ₹10.33 Cr

IPO Timetable

IRIS Business Services IPO opens on Sep 29, 2017, while Siddharth Education IPO opens on Sep 29, 2017. The closing date of IRIS Business Services IPO and Siddharth Education IPO is Oct 04, 2017, and Oct 05, 2017, respectively.

 IRIS Business Services IPOSiddharth Education IPO
Issue OpenSep 29, 2017Sep 29, 2017
Issue CloseOct 04, 2017Oct 05, 2017
Basis Of Allotment (Tentative)Oct 09, 2017Oct 10, 2017
Listing date (Tentative)Oct 11, 2017Oct 12, 2017

Financials & KPIs

IRIS Business Services IPO P/E ratio is , as compared to Siddharth Education IPO P/E ratio of .

 IRIS Business Services IPOSiddharth Education 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 Standalone)

Period Ended31 Mar 201731 Mar 201631 Mar 2015
Assets14.2412.089.07
Total Income4.953.692.08
Profit After Tax0.970.65-0.31
NET Worth5.434.463.81
Reserves and Surplus2.221.250.60
Total Borrowing6.856.654.92
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)53.46%98.67%
Promoter Shareholding (Post-Issue)39.29%72.22%
Market Cap₹60.41 Cr.₹40.60 Cr.

Shares Offered

In the IRIS Business Services IPO Retail Individual Investors (RII) are offered 23,72,000 shares while in Siddharth Education 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 Siddharth Education IPO.

 IRIS Business Services IPOSiddharth Education IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation2,60,000 shares1,56,000 shares
QIB0 shares0 shares
NII23,72,000 shares14,76,000 shares
RII23,72,000 shares14,76,000 shares
Employee0 shares0 shares
Total47,44,000 shares29,52,000 shares

Bids Received (Subscription)

IRIS Business Services IPO subscribed 2.39x in total, whereas Siddharth Education IPO subscribed 1.35x.

 IRIS Business Services IPOSiddharth Education IPO
NII (times)4.21x1.86x
RII (times)0.56x0.84x
Total (times)2.39x1.35x

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IRIS Business Services IPOSiddharth Education IPO
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Compare:

IRIS Business Services IPO Vs Siddharth Education IPO