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Grace Renewable Energy IPO vs Star Imaging IPO

Comparison between Grace Renewable Energy IPO and Star Imaging IPO.

IPO Details

Grace Renewable Energy IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Star Imaging IPO is a SME Bookbuilding proposed to list at BSE SME.

 Grace Renewable Energy IPOStar Imaging IPO
LogoGrace Renewable Energy IPO LogoStar Imaging IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtBSE SMEBSE SME
Lead ManagersMarwadi Chandarana Intermediaries Brokers Pvt.Ltd.Share India Capital Services Pvt.Ltd.
RegistrarKfin Technologies Ltd.Kfin Technologies Ltd.
Market MakerShare India Securities Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL

Issue Size and Price

The total issue size of Grace Renewable Energy IPO is up to ₹0.00 Cr whereas the issue size of the Star Imaging IPO is up to ₹62.65 Cr. The final issue price of Grace Renewable Energy IPO is and of Star Imaging IPO is ₹142.00 per share.

 Grace Renewable Energy IPOStar Imaging IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹135.00 per share
Issue Price (Upper)₹142.00 per share
Issue Price (Final)₹142.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size1000 shares
Fresh Issue Size44,00,000 shares34,40,000 shares
Fresh Issue Size (Amount)up to ₹0.00 Crup to ₹48.85 Cr
OFS Issue Size11,00,000 shares9,72,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹13.80 Cr
Issue Size Total55,00,000 shares44,12,000 shares
Issue Size Total (Amount)up to ₹0.00 Crup to ₹62.65 Cr

IPO Timetable

Grace Renewable Energy IPO opens on , while Star Imaging IPO opens on Aug 08, 2025. The closing date of Grace Renewable Energy IPO and Star Imaging IPO is , and Aug 12, 2025, respectively.

 Grace Renewable Energy IPOStar Imaging IPO
Anchor Bid DateAug 07, 2025
Issue OpenAug 08, 2025
Issue CloseAug 12, 2025
Basis Of Allotment (Tentative)Aug 13, 2025
Initiation of Refunds (Tentative)Aug 14, 2025
Credit of Share (Tentative)Aug 14, 2025
Listing date (Tentative)Aug 18, 2025
Anchor Lockin End date 1Sep 12, 2025
Anchor Lockin End date 2Nov 11, 2025

Financials & KPIs

Grace Renewable Energy IPO P/E ratio is , as compared to Star Imaging IPO P/E ratio of 12.01.

 Grace Renewable Energy IPOStar Imaging IPO
Financials

Grace Renewable Energy Limited Financial Information (Restated)

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets24.9316.429.198.33
Total Income52.7678.3238.7449.47
Profit After Tax75.750.730.87
Net Worth16.29.213.462.73
Reserves and Surplus13.26.213.412.68
Total Borrowing2.173.244.13.03
Amount in ₹ Crore
EBITDA
Promoter Shareholding (Pre-Issue)100.00100
Promoter Shareholding (Post-Issue)71.92
P/E Ratio12.01
Market Cap₹247.36 Cr.
ROE40.65%
ROCE77.06%29.92%
Debt/Equity0.350.69
EPS₹11.82
RoNW62.40%40.65%

Shares Offered

In the Grace Renewable Energy IPO Retail Individual Investors (RII) are offered while in Star Imaging IPO retail investors are offered . Qualified Institutional Buyers (QIB) are offered in Grace Renewable Energy IPO and 8,71,000 shares in Star Imaging IPO.

 Grace Renewable Energy IPOStar Imaging IPO
Anchor Investor Reserveration13,04,000 shares
Market Maker Reserveration4,80,000 shares
QIB8,71,000 shares
NII6,57,000 shares
RII15,28,000 shares
Employee52,000 shares
Others
Total44,12,000 shares

Bids Received (Subscription)

Grace Renewable Energy IPO subscribed in total, whereas Star Imaging IPO subscribed 5.67x.

 Grace Renewable Energy IPOStar Imaging IPO
QIB (times)12.85x
NII (times)4.38x
Big NII (times)5.12x
Small NII (times)2.89x
RII (times)2.32x
Employee (times)0.31x
Other (times)
Total (times)5.67x