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Innovative Ideals IPO vs Sky Gold IPO

Comparison between Innovative Ideals IPO and Sky Gold IPO.

IPO Details

Innovative Ideals IPO is a SME Fixed Price IPO proposed to list at BSE SME while Sky Gold IPO is a SME Fixed Price proposed to list at BSE SME.

 Innovative Ideals IPOSky Gold IPO
LogoInnovative Ideals IPO LogoSky Gold IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtBSE SMEBSE SME
Lead ManagersPantomath Capital Advisors Pvt.Ltd.Aryaman Financial Services Ltd.
RegistrarBigshare Services Pvt.Ltd.MUFG Intime India Pvt.Ltd.
Market MakerPantomath Stock Brokers Pvt.Ltd.Aryaman Capital Markets 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 Innovative Ideals IPO is up to ₹11.64 Cr whereas the issue size of the Sky Gold IPO is up to ₹24.25 Cr. The final issue price of Innovative Ideals IPO is ₹40.00 per share and of Sky Gold IPO is ₹180.00 per share.

 Innovative Ideals IPOSky Gold IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹36.00 per share
Issue Price (Upper)₹40.00 per share
Issue Price (Final)₹40.00 per share₹180.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size3000 shares800 shares
Fresh Issue Size29,10,000 shares13,47,200 shares
Fresh Issue Size (Amount)up to ₹11.64 Crup to ₹24.25 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total29,10,000 shares13,47,200 shares
Issue Size Total (Amount)up to ₹11.64 Crup to ₹24.25 Cr

IPO Timetable

Innovative Ideals IPO opens on Sep 24, 2018, while Sky Gold IPO opens on Sep 18, 2018. The closing date of Innovative Ideals IPO and Sky Gold IPO is Sep 26, 2018, and Sep 21, 2018, respectively.

 Innovative Ideals IPOSky Gold IPO
Issue OpenSep 24, 2018Sep 18, 2018
Issue CloseSep 26, 2018Sep 21, 2018
Basis Of Allotment (Tentative)Oct 01, 2018Sep 26, 2018
Initiation of Refunds (Tentative)Oct 03, 2018Sep 27, 2018
Credit of Share (Tentative)Oct 04, 2018Sep 28, 2018
Listing date (Tentative)Oct 05, 2018Oct 04, 2018

Financials & KPIs

Innovative Ideals IPO P/E ratio is , as compared to Sky Gold IPO P/E ratio of .

 Innovative Ideals IPOSky Gold IPO
Financials

Company Financials (Restated)

Period Ended31 Mar 201831 Mar 201731 Mar 2016
Assets34.8022.8720.82
Total Income20.3210.7512.18
Profit After Tax3.090.970.01
EBITDA4.882.220.74
NET Worth13.376.785.72
Reserves and Surplus5.053.783.42
Total Borrowing7.684.514.55
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Mar 201831 Mar 201731 Mar 2016
Assets66.2436.9634.86
Total Income548.90164.41183.31
Profit After Tax2.630.940.94
NET Worth13.4810.859.91
Reserves and Surplus9.539.878.93
Total Borrowing51.8325.4824.09
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)71.81%99.98%
Promoter Shareholding (Post-Issue)52.47%73.53%
Market Cap₹45.52 Cr.₹96.69 Cr.

Shares Offered

In the Innovative Ideals IPO Retail Individual Investors (RII) are offered 14,55,000 shares while in Sky Gold IPO retail investors are offered 14,55,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Innovative Ideals IPO and 0 shares in Sky Gold IPO.

 Innovative Ideals IPOSky Gold IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation1,56,000 shares72,800 shares
QIB0 shares0 shares
NII14,55,000 shares6,73,600 shares
RII14,55,000 shares6,73,600 shares
Employee0 shares0 shares
Total29,10,000 shares13,47,200 shares

Bids Received (Subscription)

Innovative Ideals IPO subscribed 1.30x in total, whereas Sky Gold IPO subscribed 1.08x.

 Innovative Ideals IPOSky Gold IPO
NII (times)1.01x1.23x
RII (times)1.58x0.94x
Total (times)1.30x1.08x

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Innovative Ideals IPOSky Gold IPO
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Innovative Ideals IPO Vs Sky Gold IPO