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Rajnandini Metal IPO vs Sky Gold IPO

Comparison between Rajnandini Metal IPO and Sky Gold IPO.

IPO Details

Rajnandini Metal IPO is a SME Fixed Price IPO proposed to list at NSE SME while Sky Gold IPO is a SME Fixed Price proposed to list at BSE SME.

 Rajnandini Metal IPOSky Gold IPO
LogoRajnandini Metal IPO LogoSky Gold IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersCorporate Capital Ventures Pvt.Ltd.Aryaman Financial Services Ltd.
RegistrarBigshare Services Pvt.Ltd.MUFG Intime India Pvt.Ltd.
Market MakerShare India Securities 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 Rajnandini Metal IPO is up to ₹4.06 Cr whereas the issue size of the Sky Gold IPO is up to ₹24.25 Cr. The final issue price of Rajnandini Metal IPO is ₹26.00 per share and of Sky Gold IPO is ₹180.00 per share.

 Rajnandini Metal IPOSky Gold IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹26.00 per share₹180.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size4000 shares800 shares
Fresh Issue Size15,60,000 shares13,47,200 shares
Fresh Issue Size (Amount)up to ₹4.06 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 Total15,60,000 shares13,47,200 shares
Issue Size Total (Amount)up to ₹4.06 Crup to ₹24.25 Cr

IPO Timetable

Rajnandini Metal IPO opens on Sep 24, 2018, while Sky Gold IPO opens on Sep 18, 2018. The closing date of Rajnandini Metal IPO and Sky Gold IPO is Sep 27, 2018, and Sep 21, 2018, respectively.

 Rajnandini Metal IPOSky Gold IPO
Issue OpenSep 24, 2018Sep 18, 2018
Issue CloseSep 27, 2018Sep 21, 2018
Basis Of Allotment (Tentative)Oct 03, 2018Sep 26, 2018
Initiation of Refunds (Tentative)Sep 27, 2018
Credit of Share (Tentative)Sep 28, 2018
Listing date (Tentative)Oct 08, 2018Oct 04, 2018

Financials & KPIs

Rajnandini Metal IPO P/E ratio is , as compared to Sky Gold IPO P/E ratio of .

 Rajnandini Metal IPOSky Gold IPO
Financials

Company Financials (Restated Standalone)

Period Ended31 Mar 201831 Mar 201731 Mar 2016
Assets38.3842.5134.37
Total Income141.16127.31136.55
Profit After Tax0.940.550.32
NET Worth8.037.096.53
Reserves and Surplus3.532.592.03
Total Borrowing21.9822.2822.13
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)99.99%99.98%
Promoter Shareholding (Post-Issue)73.23%73.53%
Market Cap₹15.97 Cr.₹96.69 Cr.

Shares Offered

In the Rajnandini Metal IPO Retail Individual Investors (RII) are offered 7,80,000 shares while in Sky Gold IPO retail investors are offered 7,80,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Rajnandini Metal IPO and 0 shares in Sky Gold IPO.

 Rajnandini Metal IPOSky Gold IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation84,000 shares72,800 shares
QIB0 shares0 shares
NII7,80,000 shares6,73,600 shares
RII7,80,000 shares6,73,600 shares
Employee0 shares0 shares
Total15,60,000 shares13,47,200 shares

Bids Received (Subscription)

Rajnandini Metal IPO subscribed 1.38x in total, whereas Sky Gold IPO subscribed 1.08x.

 Rajnandini Metal IPOSky Gold IPO
NII (times)2.38x1.23x
RII (times)0.38x0.94x
Total (times)1.38x1.08x

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Rajnandini Metal IPO Vs Sky Gold IPO