Nitiraj Engineers IPO vs Tanvi Foods IPO

Comparison between Nitiraj Engineers IPO and Tanvi Foods IPO.

IPO Details

Nitiraj Engineers IPO is a SME Fixed Price IPO proposed to list at NSE SME while Tanvi Foods IPO is a SME Fixed Price proposed to list at BSE SME.

Issue Size and Price

The total issue size of Nitiraj Engineers IPO is up to ₹20.90 Cr whereas the issue size of the Tanvi Foods IPO is up to ₹6.26 Cr. The final issue price of Nitiraj Engineers IPO is ₹100.00 per share and of Tanvi Foods IPO is ₹60.00 per share.

 Nitiraj Engineers IPOTanvi Foods IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹100.00 per share₹60.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size1200 shares2000 shares
Fresh Issue Size20,90,400 shares6,16,000 shares
Fresh Issue Size (Amount)up to ₹20.90 Crup to ₹3.70 Cr
OFS Issue Size0 shares4,28,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹2.57 Cr
Issue Size Total20,90,400 shares10,44,000 shares
Issue Size Total (Amount)up to ₹20.90 Crup to ₹6.26 Cr

IPO Timetable

Nitiraj Engineers IPO opens on Feb 20, 2017, while Tanvi Foods IPO opens on Feb 17, 2017. The closing date of Nitiraj Engineers IPO and Tanvi Foods IPO is Mar 01, 2017, and Feb 22, 2017, respectively.

 Nitiraj Engineers IPOTanvi Foods IPO
Issue OpenFeb 20, 2017Feb 17, 2017
Issue CloseMar 01, 2017Feb 22, 2017
Basis Of Allotment (Tentative)Mar 06, 2017Feb 27, 2017
Listing date (Tentative)Mar 09, 2017Mar 02, 2017

Financials & KPIs

Nitiraj Engineers IPO P/E ratio is , as compared to Tanvi Foods IPO P/E ratio of .

 Nitiraj Engineers IPOTanvi Foods IPO
Financials

Company Financials (Restated)

Period Ended30 Sep 201631 Mar 201631 Mar 201531 Mar 2014
Assets50.3349.0937.0632.70
Total Income32.0156.5443.8741.17
Profit After Tax4.515.504.183.89
NET Worth37.6133.4728.0623.87
Reserves and Surplus31.6127.4727.0622.87
Total Borrowing5.427.192.020.25
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Sep 201631 Mar 201631 Mar 201531 Mar 2014
Assets24.7322.4517.8910.75
Total Income28.5149.0934.3820.03
Profit After Tax0.541.010.870.21
NET Worth7.567.024.851.97
Reserves and Surplus4.113.582.101.22
Total Borrowing11.3910.9110.374.96
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)90.00%87.23%
Promoter Shareholding (Post-Issue)65.85%62.59%
Market Cap₹82.01 Cr.₹24.70 Cr.

Shares Offered

In the Nitiraj Engineers IPO Retail Individual Investors (RII) are offered 10,45,200 shares while in Tanvi Foods IPO retail investors are offered 10,45,200 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Nitiraj Engineers IPO and 0 shares in Tanvi Foods IPO.

 Nitiraj Engineers IPOTanvi Foods IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation1,10,400 shares56,000 shares
QIB0 shares0 shares
NII10,45,200 shares5,22,000 shares
RII10,45,200 shares5,22,000 shares
Employee0 shares0 shares
Total20,90,400 shares10,44,000 shares

Bids Received (Subscription)

Nitiraj Engineers IPO subscribed 1.43x in total, whereas Tanvi Foods IPO subscribed 1.62x.

 Nitiraj Engineers IPOTanvi Foods IPO
NII (times)1.68x1.87x
RII (times)1.18x1.38x
Total (times)1.43x1.62x

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Nitiraj Engineers IPO Vs Tanvi Foods IPO