Comparison between Gajanand International IPO and SPP Polymer IPO.
Gajanand International IPO is a SME Fixed Price IPO proposed to list at NSE SME while SPP Polymer IPO is a SME Fixed Price proposed to list at NSE SME.
| Gajanand International IPO | SPP Polymer IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Fixed Price |
| Listing At | NSE SME | NSE SME |
| Lead Managers | Fast Track Finsec Pvt.Ltd. | Interactive Financial Services Ltd. |
| Registrar | Skyline Financial Services Pvt.Ltd. | Kfin Technologies Ltd. |
| Market Maker | Nikunj Stock Brokers Ltd. | B.N.Rathi Securities Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | ||
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Gajanand International IPO is up to ₹19.61 Cr whereas the issue size of the SPP Polymer IPO is up to ₹23.25 Cr. The final issue price of Gajanand International IPO is ₹36.00 per share and of SPP Polymer IPO is ₹59.00 per share.
| Gajanand International IPO | SPP Polymer IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ||
| Issue Price (Upper) | ||
| Issue Price (Final) | ₹36.00 per share | ₹59.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 3000 shares | 2000 shares |
| Fresh Issue Size | 54,48,000 shares | 39,40,000 shares |
| Fresh Issue Size (Amount) | up to ₹19.61 Cr | up to ₹23.25 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 54,48,000 shares | 39,40,000 shares |
| Issue Size Total (Amount) | up to ₹19.61 Cr | up to ₹23.25 Cr |
Gajanand International IPO opens on Sep 09, 2024, while SPP Polymer IPO opens on Sep 10, 2024. The closing date of Gajanand International IPO and SPP Polymer IPO is Sep 11, 2024, and Sep 12, 2024, respectively.
| Gajanand International IPO | SPP Polymer IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Sep 09, 2024 | Sep 10, 2024 |
| Issue Close | Sep 11, 2024 | Sep 12, 2024 |
| Basis Of Allotment (Tentative) | Sep 12, 2024 | Sep 13, 2024 |
| Initiation of Refunds (Tentative) | Sep 13, 2024 | Sep 16, 2024 |
| Credit of Share (Tentative) | Sep 13, 2024 | Sep 16, 2024 |
| Listing date (Tentative) | Sep 16, 2024 | Sep 17, 2024 |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
Gajanand International IPO P/E ratio is 21.08, as compared to SPP Polymer IPO P/E ratio of 66.72.
| Gajanand International IPO | SPP Polymer IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Gajanand International Limited Financial Information (Restated)Gajanand International Limited's revenue increased by 48% and profit after tax (PAT) rose by 59% between the financial year ending with March 31, 2024 and March 31, 2023.
| SPP Polimers Limited Financial Information (Restated Consolidated)SPP Polimers Limited's revenue increased by 40% and profit after tax (PAT) rose by 83% between the financial year ending with March 31, 2024 and March 31, 2023.
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| Promoter Shareholding (Pre-Issue) | 90.50 | 94.99 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 62.34 | 69.37 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 21.08 | 66.72 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹67.81 Cr. | ₹90.81 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 19.30% | 8.01% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 29.72% | 4.27% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.68 | 0.71 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹1.71 | ₹0.88 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 19.30% | 3.98% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Gajanand International IPO Retail Individual Investors (RII) are offered 27,24,000 shares while in SPP Polymer IPO retail investors are offered 27,24,000 shares. Qualified Institutional Buyers (QIB) are offered in Gajanand International IPO and in SPP Polymer IPO.
| Gajanand International IPO | SPP Polymer IPO | |
|---|---|---|
| Anchor Investor Reserveration | ||
| Market Maker Reserveration | 2,88,000 shares | 2,10,000 shares |
| QIB | ||
| NII | 27,24,000 shares | 19,70,000 shares |
| RII | 27,24,000 shares | 19,70,000 shares |
| Employee | ||
| Others | ||
| Total | 54,48,000 shares | 39,40,000 shares |
Gajanand International IPO subscribed 15.27x in total, whereas SPP Polymer IPO subscribed 43.29x.
| Gajanand International IPO | SPP Polymer IPO | |
|---|---|---|
| QIB (times) | ||
| NII (times) | 5.79x | 22.35x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 24.18x | 59.87x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 15.27x | 43.29x |
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