Manorama Industries IPO vs Spectrum Electrical IPO

Comparison between Manorama Industries IPO and Spectrum Electrical IPO.

IPO Details

Manorama Industries 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.

Issue Size and Price

The total issue size of Manorama Industries IPO is up to ₹60.79 Cr whereas the issue size of the Spectrum Electrical IPO is up to ₹24.57 Cr. The final issue price of Manorama Industries IPO is ₹188.00 per share and of Spectrum Electrical IPO is ₹65.00 per share.

 Manorama Industries IPOSpectrum Electrical IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹181.00 per share
Issue Price (Upper)₹188.00 per share
Issue Price (Final)₹188.00 per share₹65.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size600 shares2000 shares
Fresh Issue Size32,33,400 shares37,80,000 shares
Fresh Issue Size (Amount)up to ₹60.79 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 Total32,33,400 shares37,80,000 shares
Issue Size Total (Amount)up to ₹60.79 Crup to ₹24.57 Cr

IPO Timetable

Manorama Industries IPO opens on Sep 21, 2018, while Spectrum Electrical IPO opens on Sep 17, 2018. The closing date of Manorama Industries IPO and Spectrum Electrical IPO is Sep 25, 2018, and Sep 21, 2018, respectively.

 Manorama Industries IPOSpectrum Electrical IPO
Issue OpenSep 21, 2018Sep 17, 2018
Issue CloseSep 25, 2018Sep 21, 2018
Basis Of Allotment (Tentative)Oct 01, 2018Sep 26, 2018
Listing date (Tentative)Oct 04, 2018Oct 01, 2018

Financials & KPIs

Manorama Industries IPO P/E ratio is , as compared to Spectrum Electrical IPO P/E ratio of .

 Manorama Industries IPOSpectrum Electrical IPO
Financials

Company Financials (Restated Standalone)

Period Ended31 Mar 201831 Mar 201731 Mar 2016
Assets46.7622.6120.23
Total Income221.89146.38131.69
Profit After Tax10.361.381.08
NET Worth24.7214.3712.99
Reserves and Surplus17.1712.2110.84
Total Borrowing17.910.014.75
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)85.99%93.16%
Promoter Shareholding (Post-Issue)59.69%68.63%
Market Cap₹209.20 Cr.₹98.28 Cr.

Shares Offered

In the Manorama Industries IPO Retail Individual Investors (RII) are offered 13,50,600 shares while in Spectrum Electrical IPO retail investors are offered 13,50,600 shares. Qualified Institutional Buyers (QIB) are offered 5,32,200 shares in Manorama Industries IPO and 0 shares in Spectrum Electrical IPO.

 Manorama Industries IPOSpectrum Electrical IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation1,71,000 shares2,00,000 shares
QIB5,32,200 shares0 shares
NII13,50,600 shares18,90,000 shares
RII13,50,600 shares18,90,000 shares
Employee0 shares0 shares
Total32,33,400 shares37,80,000 shares

Bids Received (Subscription)

Manorama Industries IPO subscribed 1.08x in total, whereas Spectrum Electrical IPO subscribed 1.27x.

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