Ranjeet Mechatronics IPO vs Spectrum Electrical IPO

Comparison between Ranjeet Mechatronics IPO and Spectrum Electrical IPO.

IPO Details

Ranjeet Mechatronics 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 Ranjeet Mechatronics IPO is up to ₹4.26 Cr whereas the issue size of the Spectrum Electrical IPO is up to ₹24.57 Cr. The final issue price of Ranjeet Mechatronics IPO is ₹25.00 per share and of Spectrum Electrical IPO is ₹65.00 per share.

 Ranjeet Mechatronics IPOSpectrum Electrical IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹25.00 per share₹65.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size6000 shares2000 shares
Fresh Issue Size17,04,000 shares37,80,000 shares
Fresh Issue Size (Amount)up to ₹4.26 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 Total17,04,000 shares37,80,000 shares
Issue Size Total (Amount)up to ₹4.26 Crup to ₹24.57 Cr

IPO Timetable

Ranjeet Mechatronics IPO opens on Sep 12, 2018, while Spectrum Electrical IPO opens on Sep 17, 2018. The closing date of Ranjeet Mechatronics IPO and Spectrum Electrical IPO is Sep 17, 2018, and Sep 21, 2018, respectively.

 Ranjeet Mechatronics IPOSpectrum Electrical IPO
Issue OpenSep 12, 2018Sep 17, 2018
Issue CloseSep 17, 2018Sep 21, 2018
Basis Of Allotment (Tentative)Sep 21, 2018Sep 26, 2018
Initiation of Refunds (Tentative)Sep 25, 2018
Credit of Share (Tentative)Sep 25, 2018
Listing date (Tentative)Sep 26, 2018Oct 01, 2018

Financials & KPIs

Ranjeet Mechatronics IPO P/E ratio is , as compared to Spectrum Electrical IPO P/E ratio of .

 Ranjeet Mechatronics IPOSpectrum Electrical IPO
Financials

Company Financials (Restated)

Period Ended31 Mar 201831 Mar 201731 Mar 2016
Assets22.4220.8418.06
Total Income18.0417.6425.29
Profit After Tax0.910.510.16
NET Worth2.591.671.16
Reserves and Surplus2.041.120.61
Total Borrowing12.1610.097.71
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)85.22%93.16%
Promoter Shareholding (Post-Issue)61.98%68.63%
Market Cap₹16.50 Cr.₹98.28 Cr.

Shares Offered

In the Ranjeet Mechatronics IPO Retail Individual Investors (RII) are offered 8,52,000 shares while in Spectrum Electrical IPO retail investors are offered 8,52,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Ranjeet Mechatronics IPO and 0 shares in Spectrum Electrical IPO.

 Ranjeet Mechatronics IPOSpectrum Electrical IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation96,000 shares2,00,000 shares
QIB0 shares0 shares
NII8,52,000 shares18,90,000 shares
RII8,52,000 shares18,90,000 shares
Employee0 shares0 shares
Total17,04,000 shares37,80,000 shares

Bids Received (Subscription)

Ranjeet Mechatronics IPO subscribed 69.75x in total, whereas Spectrum Electrical IPO subscribed 1.27x.

 Ranjeet Mechatronics IPOSpectrum Electrical IPO
NII (times)77.48x1.99x
RII (times)62.03x0.56x
Total (times)69.75x1.27x

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Ranjeet Mechatronics IPO Vs Spectrum Electrical IPO