Gallantt Metal IPO vs Solar Explosives IPO

Comparison between Gallantt Metal IPO and Solar Explosives IPO.

IPO Details

Gallantt Metal IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Solar Explosives IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of Gallantt Metal IPO is up to ₹31.12 Cr whereas the issue size of the Solar Explosives IPO is up to ₹83.60 Cr. The final issue price of Gallantt Metal IPO is ₹10.00 per share and of Solar Explosives IPO is ₹190.00 per share.

 Gallantt Metal IPOSolar Explosives IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹170.00 per share
Issue Price (Upper)₹190.00 per share
Issue Price (Final)₹10.00 per share₹190.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size
Fresh Issue Size3,11,22,324 shares44,00,000 shares
Fresh Issue Size (Amount)up to ₹31.12 Crup to ₹83.60 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total3,11,22,324 shares44,00,000 shares
Issue Size Total (Amount)up to ₹31.12 Crup to ₹83.60 Cr

IPO Timetable

Gallantt Metal IPO opens on Mar 06, 2006, while Solar Explosives IPO opens on Mar 09, 2006. The closing date of Gallantt Metal IPO and Solar Explosives IPO is Mar 10, 2006, and Mar 13, 2006, respectively.

Financials & KPIs

Gallantt Metal IPO P/E ratio is 110.05, as compared to Solar Explosives IPO P/E ratio of 16.38.

 Gallantt Metal IPOSolar Explosives IPO
Financials

Company Financials (Restated)

Period Ended30 Sep 200531 Mar 200431 Mar 2003
Assets67.39
Profit After Tax1.040.361.09
NET Worth30.2629.2216.55
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended31 Mar 200531 Mar 200431 Mar 200331 Mar 2002
Assets98.2684.9469.1748.12
Total Income136.2399.0274.5059.23
Profit After Tax14.998.806.366.72
Reserves and Surplus44.1430.6022.5118.25
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100100
Promoter Shareholding (Post-Issue)59.2274.6
P/E Ratio110.0516.38
Market Cap₹76.32 Cr.₹329.15 Cr.
ROE
ROCE
Debt/Equity0.51
EPS₹0.09₹11.60
RoNW30.05

Shares Offered

In the Gallantt Metal IPO Retail Individual Investors (RII) are offered 1,47,82,000 shares while in Solar Explosives IPO retail investors are offered 1,47,82,000 shares. Qualified Institutional Buyers (QIB) are offered 29,56,400 shares in Gallantt Metal IPO and 21,70,000 shares in Solar Explosives IPO.

 Gallantt Metal IPOSolar Explosives IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation0 shares0 shares
QIB29,56,400 shares21,70,000 shares
NII1,18,25,600 shares6,51,000 shares
RII1,47,82,000 shares15,19,000 shares
Employee15,56,000 shares60,000 shares
Others
Total3,11,20,000 shares44,00,000 shares

Bids Received (Subscription)

Gallantt Metal IPO subscribed in total, whereas Solar Explosives IPO subscribed .

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