Parin Furniture IPO vs Silgo Retail IPO

Comparison between Parin Furniture IPO and Silgo Retail IPO.

IPO Details

Parin Furniture IPO is a SME Fixed Price IPO proposed to list at NSE SME while Silgo Retail IPO is a SME Fixed Price proposed to list at NSE SME.

Issue Size and Price

The total issue size of Parin Furniture IPO is up to ₹17.89 Cr whereas the issue size of the Silgo Retail IPO is up to ₹4.62 Cr. The final issue price of Parin Furniture IPO is ₹63.00 per share and of Silgo Retail IPO is ₹36.00 per share.

 Parin Furniture IPOSilgo Retail IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹60.00 per share
Issue Price (Upper)₹63.00 per share
Issue Price (Final)₹63.00 per share₹36.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size2000 shares3000 shares
Fresh Issue Size28,40,000 shares12,84,000 shares
Fresh Issue Size (Amount)up to ₹17.89 Crup to ₹4.62 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total28,40,000 shares12,84,000 shares
Issue Size Total (Amount)up to ₹17.89 Crup to ₹4.62 Cr

IPO Timetable

Parin Furniture IPO opens on Sep 26, 2018, while Silgo Retail IPO opens on Sep 27, 2018. The closing date of Parin Furniture IPO and Silgo Retail IPO is Sep 28, 2018, and Oct 03, 2018, respectively.

 Parin Furniture IPOSilgo Retail IPO
Issue OpenSep 26, 2018Sep 27, 2018
Issue CloseSep 28, 2018Oct 03, 2018
Basis Of Allotment (Tentative)Oct 04, 2018Oct 08, 2018
Initiation of Refunds (Tentative)Oct 05, 2018Oct 09, 2018
Credit of Share (Tentative)Oct 05, 2018Oct 10, 2018
Listing date (Tentative)Oct 09, 2018Oct 10, 2018

Financials & KPIs

Parin Furniture IPO P/E ratio is , as compared to Silgo Retail IPO P/E ratio of .

 Parin Furniture IPOSilgo Retail IPO
Financials

Company Financials (Restated Standalone)

Period Ended31 Mar 201831 Mar 201731 Mar 2016
Assets46.6443.4539.63
Total Income64.5959.9461.78
Profit After Tax2.621.361.02
EBITDA7.205.854.92
NET Worth15.475.654.29
Reserves and Surplus7.545.353.99
Total Borrowing23.2629.2525.42
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Mar 201831 Mar 201731 Mar 2016
Assets9.032.440.01
Total Income16.474.98
Profit After Tax0.950.18
NET Worth1.140.190.01
Reserves and Surplus1.130.18
Total Borrowing2.601.09
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100%100%
Promoter Shareholding (Post-Issue)73.02%73.23%
Market Cap₹70.04 Cr.₹18.24 Cr.

Shares Offered

In the Parin Furniture IPO Retail Individual Investors (RII) are offered 9,94,000 shares while in Silgo Retail IPO retail investors are offered 9,94,000 shares. Qualified Institutional Buyers (QIB) are offered 2,84,000 shares in Parin Furniture IPO and 0 shares in Silgo Retail IPO.

 Parin Furniture IPOSilgo Retail IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation1,60,000 shares72,000 shares
QIB2,84,000 shares0 shares
NII15,62,000 shares6,42,000 shares
RII9,94,000 shares6,42,000 shares
Employee0 shares0 shares
Total28,40,000 shares12,84,000 shares

Bids Received (Subscription)

Parin Furniture IPO subscribed 2.45x in total, whereas Silgo Retail IPO subscribed 1.23x.

 Parin Furniture IPOSilgo Retail IPO
QIB (times)1.00x
NII (times)1.89x1.96x
RII (times)3.74x0.50x
Total (times)2.45x1.23x

Compare with others

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Parin Furniture IPO Vs Silgo Retail IPO