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Modi's Navnirman IPO vs SKP Bearing Industries IPO

Comparison between Modi's Navnirman IPO and SKP Bearing Industries IPO.

IPO Details

Modi's Navnirman IPO is a SME Fixed Price IPO proposed to list at BSE SME while SKP Bearing Industries IPO is a SME Fixed Price proposed to list at NSE SME.

 Modi's Navnirman IPOSKP Bearing Industries IPO
LogoModi's Navnirman IPO LogoSKP Bearing Industries IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMENSE SME
Lead ManagersAryaman Financial Services Ltd.Shreni Shares Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerAryaman Capital Markets 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 Modi's Navnirman IPO is up to ₹21.46 Cr whereas the issue size of the SKP Bearing Industries IPO is up to ₹29.26 Cr. The final issue price of Modi's Navnirman IPO is ₹180.00 per share and of SKP Bearing Industries IPO is ₹70.00 per share.

 Modi's Navnirman IPOSKP Bearing Industries IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹180.00 per share₹70.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size800 shares2000 shares
Fresh Issue Size11,92,000 shares13,80,000 shares
Fresh Issue Size (Amount)up to ₹21.46 Crup to ₹9.66 Cr
OFS Issue Size0 shares28,00,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹19.60 Cr
Issue Size Total11,92,000 shares41,80,000 shares
Issue Size Total (Amount)up to ₹21.46 Crup to ₹29.26 Cr

IPO Timetable

Modi's Navnirman IPO opens on Jun 23, 2022, while SKP Bearing Industries IPO opens on Jun 30, 2022. The closing date of Modi's Navnirman IPO and SKP Bearing Industries IPO is Jun 28, 2022, and Jul 05, 2022, respectively.

 Modi's Navnirman IPOSKP Bearing Industries IPO
Anchor Bid Date
Issue OpenJun 23, 2022Jun 30, 2022
Issue CloseJun 28, 2022Jul 05, 2022
Basis Of Allotment (Tentative)Jul 01, 2022Jul 08, 2022
Initiation of Refunds (Tentative)Jul 04, 2022Jul 11, 2022
Credit of Share (Tentative)Jul 05, 2022Jul 12, 2022
Listing date (Tentative)Jul 06, 2022Jul 13, 2022
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Modi's Navnirman IPO P/E ratio is 57.32, as compared to SKP Bearing Industries IPO P/E ratio of 9.49.

 Modi's Navnirman IPOSKP Bearing Industries IPO
Financials
Modi's Navnirman Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After Tax
31-Mar-20998.482195.46139.78
31-Mar-21735.211322.3437.83
31-Mar-223098.291151.07132.7
Amount in ₹ Lakhs
SKP Bearing Industries Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet Worth
31-Mar-194358.364081.15992.643086.87
31-Mar-205448.73258.18812.473913.92
31-Mar-215281.073709.29745.64580.08
05-Jan-225078.663444.35940.414130.47
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)99.98100
Promoter Shareholding (Post-Issue)70.2073.49
P/E Ratio57.329.49
Market Cap₹76.14 Cr.₹116.20 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Modi's Navnirman IPO Retail Individual Investors (RII) are offered 5,96,000 shares while in SKP Bearing Industries IPO retail investors are offered 5,96,000 shares. Qualified Institutional Buyers (QIB) are offered in Modi's Navnirman IPO and in SKP Bearing Industries IPO.

 Modi's Navnirman IPOSKP Bearing Industries IPO
Anchor Investor Reserveration
Market Maker Reserveration68,000 shares2,20,000 shares
QIB
NII5,96,000 shares20,90,000 shares
RII5,96,000 shares20,90,000 shares
Employee
Others
Total11,92,000 shares41,80,000 shares

Bids Received (Subscription)

Modi's Navnirman IPO subscribed 1.99x in total, whereas SKP Bearing Industries IPO subscribed 10.06x.

 Modi's Navnirman IPOSKP Bearing Industries IPO
QIB (times)
NII (times)2.76x10.20x
Big NII (times)
Small NII (times)
RII (times)1.22x9.92x
Employee (times)
Other (times)
Total (times)1.99x10.06x