Kranti Industries IPO vs Surani Steel Tubes IPO

Comparison between Kranti Industries IPO and Surani Steel Tubes IPO.

IPO Details

Kranti Industries IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Surani Steel Tubes IPO is a SME Bookbuilding proposed to list at NSE SME.

Issue Size and Price

The total issue size of Kranti Industries IPO is up to ₹8.15 Cr whereas the issue size of the Surani Steel Tubes IPO is up to ₹12.26 Cr. The final issue price of Kranti Industries IPO is ₹37.00 per share and of Surani Steel Tubes IPO is ₹52.00 per share.

 Kranti Industries IPOSurani Steel Tubes IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹51.00 per share
Issue Price (Upper)₹52.00 per share
Issue Price (Final)₹37.00 per share₹52.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size3000 shares2000 shares
Fresh Issue Size16,35,000 shares23,58,000 shares
Fresh Issue Size (Amount)up to ₹6.05 Crup to ₹12.26 Cr
OFS Issue Size5,67,000 shares0 shares
OFS Issue Size (Amount)up to ₹2.10 Crup to ₹0.00 Cr
Issue Size Total22,02,000 shares23,58,000 shares
Issue Size Total (Amount)up to ₹8.15 Crup to ₹12.26 Cr

IPO Timetable

Kranti Industries IPO opens on Feb 14, 2019, while Surani Steel Tubes IPO opens on Jan 25, 2019. The closing date of Kranti Industries IPO and Surani Steel Tubes IPO is Feb 20, 2019, and Jan 29, 2019, respectively.

 Kranti Industries IPOSurani Steel Tubes IPO
Issue OpenFeb 14, 2019Jan 25, 2019
Issue CloseFeb 20, 2019Jan 29, 2019
Basis Of Allotment (Tentative)Feb 25, 2019Feb 01, 2019
Listing date (Tentative)Feb 28, 2019Feb 06, 2019

Financials & KPIs

Kranti Industries IPO P/E ratio is , as compared to Surani Steel Tubes IPO P/E ratio of .

 Kranti Industries IPOSurani Steel Tubes IPO
Financials

Company Financials (Restated)

Period Ended30 Sep 201831 Mar 201831 Mar 201731 Mar 2016
Assets50.1543.7844.0141.35
Total Income33.2246.1129.2528.84
Profit After Tax1.370.89-0.94-0.21
EBITDA4.665.774.846.13
NET Worth14.4013.0312.1413.07
Reserves and Surplus7.355.985.096.02
Total Borrowing22.2119.1420.1821.21
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Jul 201831 Mar 201831 Mar 201731 Mar 2016
Assets37.1435.2828.3622.98
Total Income36.14100.8076.7068.46
Profit After Tax0.411.721.001.10
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)98.93%48.52%
Promoter Shareholding (Post-Issue)72.79%33.97%
Market Cap₹32.57 Cr.₹43.08 Cr.

Shares Offered

In the Kranti Industries IPO Retail Individual Investors (RII) are offered 11,01,000 shares while in Surani Steel Tubes IPO retail investors are offered 11,01,000 shares. Qualified Institutional Buyers (QIB) are offered in Kranti Industries IPO and 0 shares in Surani Steel Tubes IPO.

 Kranti Industries IPOSurani Steel Tubes IPO
Anchor Investor Reservation0 shares
Market Maker Reservation1,17,000 shares1,26,000 shares
QIB0 shares
NII11,01,000 shares11,78,000 shares
RII11,01,000 shares11,80,000 shares
Employee0 shares
Total22,02,000 shares23,58,000 shares

Bids Received (Subscription)

Kranti Industries IPO subscribed 1.29x in total, whereas Surani Steel Tubes IPO subscribed 1.55x.

 Kranti Industries IPOSurani Steel Tubes IPO
NII (times)1.26x1.80x
RII (times)1.31x1.29x
Total (times)1.29x1.55x

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Kranti Industries IPO Vs Surani Steel Tubes IPO