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Bright Solar IPO vs Supreme Engineering IPO

Comparison between Bright Solar IPO and Supreme Engineering IPO.

IPO Details

Bright Solar IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Supreme Engineering IPO is a SME Bookbuilding proposed to list at NSE SME.

 Bright Solar IPOSupreme Engineering IPO
LogoBright Solar IPO LogoSupreme Engineering IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersSwastika Investmart Ltd.CKP Financial Services Pvt.Ltd.
RegistrarAlankit Assignments Ltd.Bigshare Services Pvt.Ltd.
Market MakerBeeline Broking Ltd.Rikhav Securities Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Bright Solar IPO is up to ₹18.47 Cr whereas the issue size of the Supreme Engineering IPO is up to ₹16.88 Cr. The final issue price of Bright Solar IPO is ₹36.00 per share and of Supreme Engineering IPO is ₹27.00 per share.

 Bright Solar IPOSupreme Engineering IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹27.00 per share
Issue Price (Upper)₹32.00 per share
Issue Price (Final)₹36.00 per share₹27.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size3000 shares4000 shares
Fresh Issue Size51,30,000 shares62,44,000 shares
Fresh Issue Size (Amount)up to ₹18.47 Crup to ₹16.86 Cr
OFS Issue Size0 shares8,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.02 Cr
Issue Size Total51,30,000 shares62,52,000 shares
Issue Size Total (Amount)up to ₹18.47 Crup to ₹16.88 Cr

IPO Timetable

Bright Solar IPO opens on Jun 26, 2018, while Supreme Engineering IPO opens on Aug 24, 2018. The closing date of Bright Solar IPO and Supreme Engineering IPO is Jun 29, 2018, and Aug 29, 2018, respectively.

 Bright Solar IPOSupreme Engineering IPO
Issue OpenJun 26, 2018Aug 24, 2018
Issue CloseJun 29, 2018Aug 29, 2018
Basis Of Allotment (Tentative)Jul 04, 2018Sep 03, 2018
Initiation of Refunds (Tentative)Jul 06, 2018Sep 04, 2018
Credit of Share (Tentative)Jul 06, 2018Sep 05, 2018
Listing date (Tentative)Jul 09, 2018Sep 06, 2018

Financials & KPIs

Bright Solar IPO P/E ratio is , as compared to Supreme Engineering IPO P/E ratio of .

 Bright Solar IPOSupreme Engineering IPO
Financials

Company Financials (Restated Standalone)

Period Ended31 Jan 201831 Mar 201731 Mar 201631 Mar 2015
Assets55.7333.0922.1238.92
Total Income28.2718.1315.4747.84
Profit After Tax5.351.710.711.97
NET Worth15.5310.198.664.12
Reserves and Surplus14.038.697.163.06
Total Borrowing1.893.143.346.16
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Mar 201831 Mar 201731 Mar 2016
Assets175.65141.74113.57
Total Income152.26120.86113.65
Profit After Tax4.652.151.12
NET Worth29.0316.7414.59
Reserves and Surplus10.6113.7411.59
Total Borrowing80.9684.9581.22
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)93.75%95.99%
Promoter Shareholding (Post-Issue)68.93%70.70%
Market Cap₹73.44 Cr.₹67.49 Cr.

Shares Offered

In the Bright Solar IPO Retail Individual Investors (RII) are offered 25,65,000 shares while in Supreme Engineering IPO retail investors are offered 25,65,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Bright Solar IPO and 0 shares in Supreme Engineering IPO.

 Bright Solar IPOSupreme Engineering IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation2,70,000 shares3,32,000 shares
QIB0 shares0 shares
NII25,65,000 shares31,24,000 shares
RII25,65,000 shares31,28,000 shares
Employee0 shares0 shares
Total51,30,000 shares62,52,000 shares

Bids Received (Subscription)

Bright Solar IPO subscribed 1.85x in total, whereas Supreme Engineering IPO subscribed 1.20x.

 Bright Solar IPOSupreme Engineering IPO
NII (times)2.21x1.40x
RII (times)1.49x1.00x
Total (times)1.85x1.20x

Compare with others

Bright Solar IPOSupreme Engineering IPO
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Rudrabhishek Enterprises IPOPriti International IPO
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Compare:

Bright Solar IPO Vs Supreme Engineering IPO