Comparison between Riddhi Steel IPO and Sprayking Agro Equipment IPO.
Riddhi Steel IPO is a SME Fixed Price IPO proposed to list at BSE SME while Sprayking Agro Equipment IPO is a SME Fixed Price proposed to list at BSE SME.
| Riddhi Steel IPO | Sprayking Agro Equipment IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Fixed Price |
| Listing At | BSE SME | BSE SME |
| Lead Managers | Oneview Corporate Advisors Pvt.Ltd. | Pantomath Capital Advisors Pvt.Ltd. |
| Registrar | Kfin Technologies Ltd. | Sharex Dynamic (India) Pvt.Ltd. |
| Market Maker | Guiness Securities Ltd. | Rikhav Securities Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| IPO Allotment URL | IPO Allotment URL |
The total issue size of Riddhi Steel IPO is up to ₹8.41 Cr whereas the issue size of the Sprayking Agro Equipment IPO is up to ₹1.76 Cr. The final issue price of Riddhi Steel IPO is ₹38.00 per share and of Sprayking Agro Equipment IPO is ₹21.00 per share.
| Riddhi Steel IPO | Sprayking Agro Equipment IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Final) | ₹38.00 per share | ₹21.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Market Lot Size | 3000 shares | 6000 shares |
| Fresh Issue Size | 22,14,000 shares | 8,40,000 shares |
| Fresh Issue Size (Amount) | up to ₹8.41 Cr | up to ₹1.76 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 | 22,14,000 shares | 8,40,000 shares |
| Issue Size Total (Amount) | up to ₹8.41 Cr | up to ₹1.76 Cr |
Riddhi Steel IPO opens on Sep 02, 2016, while Sprayking Agro Equipment IPO opens on Aug 31, 2016. The closing date of Riddhi Steel IPO and Sprayking Agro Equipment IPO is Sep 07, 2016, and Sep 02, 2016, respectively.
| Riddhi Steel IPO | Sprayking Agro Equipment IPO | |
|---|---|---|
| Issue Open | Sep 02, 2016 | Aug 31, 2016 |
| Issue Close | Sep 07, 2016 | Sep 02, 2016 |
| Basis Of Allotment (Tentative) | Sep 09, 2016 | Sep 06, 2016 |
| Listing date (Tentative) | Sep 14, 2016 | Sep 14, 2016 |
Riddhi Steel IPO P/E ratio is , as compared to Sprayking Agro Equipment IPO P/E ratio of .
| Riddhi Steel IPO | Sprayking Agro Equipment IPO | |
|---|---|---|
| Promoter Shareholding (Pre-Issue) | 95.6% | 100% |
| Promoter Shareholding (Post-Issue) | 68.62% | 72.01% |
| Market Cap | ₹31.50 Cr. | ₹6.66 Cr. |
In the Riddhi Steel IPO Retail Individual Investors (RII) are offered 11,07,000 shares while in Sprayking Agro Equipment IPO retail investors are offered 11,07,000 shares. Qualified Institutional Buyers (QIB) are offered in Riddhi Steel IPO and in Sprayking Agro Equipment IPO.
| Riddhi Steel IPO | Sprayking Agro Equipment IPO | |
|---|---|---|
| Market Maker Reservation | 1,26,000 shares | 48,000 shares |
| NII | 11,07,000 shares | 4,20,000 shares |
| RII | 11,07,000 shares | 4,20,000 shares |
| Total | 22,14,000 shares | 8,40,000 shares |
Riddhi Steel IPO subscribed 2.25x in total, whereas Sprayking Agro Equipment IPO subscribed 5.74x.
| Riddhi Steel IPO | Sprayking Agro Equipment IPO | |
|---|---|---|
| NII (times) | 2.64x | 3.03x |
| RII (times) | 1.85x | 8.44x |
| Total (times) | 2.25x | 5.74x |
