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Innovative Ideals IPO vs Spectrum Electrical IPO

Comparison between Innovative Ideals IPO and Spectrum Electrical IPO.

IPO Details

Innovative Ideals IPO is a SME Fixed Price IPO proposed to list at BSE SME while Spectrum Electrical IPO is a SME Fixed Price proposed to list at NSE SME.

 Innovative Ideals IPOSpectrum Electrical IPO
LogoInnovative Ideals IPO LogoSpectrum Electrical IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtBSE SMENSE SME
Lead ManagersPantomath Capital Advisors Pvt.Ltd.Arihant Capital Markets Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerPantomath Stock Brokers Pvt.Ltd.Arihant 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 Spectrum Electrical IPO is up to ₹24.57 Cr. The final issue price of Innovative Ideals IPO is ₹40.00 per share and of Spectrum Electrical IPO is ₹65.00 per share.

 Innovative Ideals IPOSpectrum Electrical 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₹65.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size3000 shares2000 shares
Fresh Issue Size29,10,000 shares37,80,000 shares
Fresh Issue Size (Amount)up to ₹11.64 Crup to ₹24.57 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total29,10,000 shares37,80,000 shares
Issue Size Total (Amount)up to ₹11.64 Crup to ₹24.57 Cr

IPO Timetable

Innovative Ideals IPO opens on Sep 24, 2018, while Spectrum Electrical IPO opens on Sep 17, 2018. The closing date of Innovative Ideals IPO and Spectrum Electrical IPO is Sep 26, 2018, and Sep 21, 2018, respectively.

 Innovative Ideals IPOSpectrum Electrical IPO
Issue OpenSep 24, 2018Sep 17, 2018
Issue CloseSep 26, 2018Sep 21, 2018
Basis Of Allotment (Tentative)Oct 01, 2018Sep 26, 2018
Initiation of Refunds (Tentative)Oct 03, 2018
Credit of Share (Tentative)Oct 04, 2018
Listing date (Tentative)Oct 05, 2018Oct 01, 2018

Financials & KPIs

Innovative Ideals IPO P/E ratio is , as compared to Spectrum Electrical IPO P/E ratio of .

 Innovative Ideals IPOSpectrum Electrical 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
Assets107.6325.0614.91
Total Income119.836.602.16
Profit After Tax5.900.530.30
NET Worth33.735.795.25
Reserves and Surplus22.590.800.26
Total Borrowing34.4410.358.10
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)71.81%93.16%
Promoter Shareholding (Post-Issue)52.47%68.63%
Market Cap₹45.52 Cr.₹98.28 Cr.

Shares Offered

In the Innovative Ideals IPO Retail Individual Investors (RII) are offered 14,55,000 shares while in Spectrum Electrical 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 Spectrum Electrical IPO.

 Innovative Ideals IPOSpectrum Electrical IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation1,56,000 shares2,00,000 shares
QIB0 shares0 shares
NII14,55,000 shares18,90,000 shares
RII14,55,000 shares18,90,000 shares
Employee0 shares0 shares
Total29,10,000 shares37,80,000 shares

Bids Received (Subscription)

Innovative Ideals IPO subscribed 1.30x in total, whereas Spectrum Electrical IPO subscribed 1.27x.

 Innovative Ideals IPOSpectrum Electrical IPO
NII (times)1.01x1.99x
RII (times)1.58x0.56x
Total (times)1.30x1.27x

Compare with others

Innovative Ideals IPOSpectrum Electrical IPO
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Compare:

Innovative Ideals IPO Vs Spectrum Electrical IPO