Foce India IPO vs Suyog Gurbaxani Funicular IPO

Comparison between Foce India IPO and Suyog Gurbaxani Funicular IPO.

IPO Details

Foce India IPO is a SME Fixed Price IPO proposed to list at NSE SME while Suyog Gurbaxani Funicular IPO is a SME Fixed Price proposed to list at BSE SME.

Issue Size and Price

The total issue size of Foce India IPO is up to ₹27.57 Cr whereas the issue size of the Suyog Gurbaxani Funicular IPO is up to ₹28.00 Cr. The final issue price of Foce India IPO is ₹225.00 per share and of Suyog Gurbaxani Funicular IPO is ₹45.00 per share.

 Foce India IPOSuyog Gurbaxani Funicular IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹225.00 per share₹45.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size600 shares3000 shares
Fresh Issue Size8,35,200 shares11,67,000 shares
Fresh Issue Size (Amount)up to ₹18.79 Crup to ₹5.25 Cr
OFS Issue Size3,90,000 shares50,55,000 shares
OFS Issue Size (Amount)up to ₹8.78 Crup to ₹22.75 Cr
Issue Size Total12,25,200 shares62,22,000 shares
Issue Size Total (Amount)up to ₹27.57 Crup to ₹28.00 Cr

IPO Timetable

Foce India IPO opens on Dec 13, 2021, while Suyog Gurbaxani Funicular IPO opens on Nov 01, 2021. The closing date of Foce India IPO and Suyog Gurbaxani Funicular IPO is Dec 17, 2021, and Nov 08, 2021, respectively.

 Foce India IPOSuyog Gurbaxani Funicular IPO
Issue OpenDec 13, 2021Nov 01, 2021
Issue CloseDec 17, 2021Nov 08, 2021
Basis Of Allotment (Tentative)Dec 21, 2021Nov 11, 2021
Initiation of Refunds (Tentative)Dec 22, 2021Nov 12, 2021
Credit of Share (Tentative)Dec 23, 2021Nov 15, 2021
Listing date (Tentative)Dec 28, 2021Nov 16, 2021

Financials & KPIs

Foce India IPO P/E ratio is , as compared to Suyog Gurbaxani Funicular IPO P/E ratio of .

 Foce India IPOSuyog Gurbaxani Funicular IPO
Financials

Company Financials (Restated)

Period Ended30 Jun 202131 Mar 202031 Mar 201931 Mar 0021
Assets38.7111.1814.0537.49
Total Income36.1754.4462.0876.90
Profit After Tax1.521.611.581.99
EBITDA2.042.202.262.69
NET Worth12.188.665.9610.66
Reserves and Surplus8.194.672.896.67
Total Borrowing1.380.580.160.00
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Jun 202131 Mar 202131 Mar 202031 Mar 2019
Assets84.3186.2088.7194.11
Total Income0.004.4813.197.91
Profit After Tax-2.32-7.93-1.88-3.48
NET Worth7.746.9914.9216.80
Reserves and Surplus-15.62-13.30-5.37-3.48
Total Borrowing72.4574.7767.8771.27
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99.99%90.57%
Promoter Shareholding (Post-Issue)73.63%64.78%
Market Cap₹110.09 Cr.₹111.88 Cr.

Shares Offered

In the Foce India IPO Retail Individual Investors (RII) are offered 6,12,600 shares while in Suyog Gurbaxani Funicular IPO retail investors are offered 6,12,600 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Foce India IPO and 0 shares in Suyog Gurbaxani Funicular IPO.

 Foce India IPOSuyog Gurbaxani Funicular IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation64,800 shares3,33,000 shares
QIB0 shares0 shares
NII6,12,600 shares31,11,000 shares
RII6,12,600 shares31,11,000 shares
Employee0 shares0 shares
Total12,25,200 shares62,22,000 shares

Bids Received (Subscription)

Foce India IPO subscribed 1.57x in total, whereas Suyog Gurbaxani Funicular IPO subscribed 1.27x.

 Foce India IPOSuyog Gurbaxani Funicular IPO
NII (times)1.29x1.98x
RII (times)1.84x0.56x
Total (times)1.57x1.27x

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Foce India IPO Vs Suyog Gurbaxani Funicular IPO