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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
Final ProspectusFinal Prospectus Final Prospectus
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 (Final)₹180.00 per share₹70.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
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
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

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

Company Financials (Restated)

Period Ended31 Mar 202231 Mar 202131 Mar 2020
Assets30.987.359.98
Total Income11.5113.2221.95
Profit After Tax1.330.381.40
Amount in ₹ Crore

Company Financials (Restated)

Period Ended05 Jan 202231 Mar 202131 Mar 202031 Mar 2019
Assets50.7952.8154.4943.58
Total Income34.4437.0932.5840.81
Profit After Tax9.407.468.129.93
NET Worth41.3045.8039.1430.87
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99.98%100%
Promoter Shareholding (Post-Issue)70.2%73.49%
P/E Ratio57.329.49
Market Cap₹76.14 Cr.₹116.20 Cr.
ROE17.56
ROCE29.6
Debt/Equity4.950.01
EPS₹4.47₹4.97
RoNW34.8116.28

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 0 shares in SKP Bearing Industries IPO.

 Modi's Navnirman IPOSKP Bearing Industries IPO
Anchor Investor Reservation0 shares
Market Maker Reservation68,000 shares2,20,000 shares
QIB0 shares
NII5,96,000 shares20,90,000 shares
RII5,96,000 shares20,90,000 shares
Employee0 shares
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
NII (times)2.76x10.20x
RII (times)1.22x9.92x
Total (times)1.99x10.06x

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Compare:

Modi's Navnirman IPO Vs SKP Bearing Industries IPO