RMC Switchgears IPO vs Tanvi Foods IPO

Comparison between RMC Switchgears IPO and Tanvi Foods IPO.

IPO Details

RMC Switchgears IPO is a SME Fixed Price IPO proposed to list at BSE 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 RMC Switchgears IPO is up to ₹3.89 Cr whereas the issue size of the Tanvi Foods IPO is up to ₹6.26 Cr. The final issue price of RMC Switchgears IPO is ₹27.00 per share and of Tanvi Foods IPO is ₹60.00 per share.

 RMC Switchgears IPOTanvi Foods IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹27.00 per share₹60.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size4000 shares2000 shares
Fresh Issue Size6,72,000 shares6,16,000 shares
Fresh Issue Size (Amount)up to ₹1.81 Crup to ₹3.70 Cr
OFS Issue Size7,68,000 shares4,28,000 shares
OFS Issue Size (Amount)up to ₹2.07 Crup to ₹2.57 Cr
Issue Size Total14,40,000 shares10,44,000 shares
Issue Size Total (Amount)up to ₹3.89 Crup to ₹6.26 Cr

IPO Timetable

RMC Switchgears IPO opens on Feb 28, 2017, while Tanvi Foods IPO opens on Feb 17, 2017. The closing date of RMC Switchgears IPO and Tanvi Foods IPO is Mar 03, 2017, and Feb 22, 2017, respectively.

 RMC Switchgears IPOTanvi Foods IPO
Issue OpenFeb 28, 2017Feb 17, 2017
Issue CloseMar 03, 2017Feb 22, 2017
Basis Of Allotment (Tentative)Mar 08, 2017Feb 27, 2017
Listing date (Tentative)Mar 14, 2017Mar 02, 2017

Financials & KPIs

RMC Switchgears IPO P/E ratio is , as compared to Tanvi Foods IPO P/E ratio of .

 RMC Switchgears IPOTanvi Foods IPO
Financials

Company Financials (Restated)

Period Ended30 Sep 201631 Mar 201631 Mar 201531 Mar 2014
Assets59.2749.0845.6342.88
Total Income26.1055.8545.7440.87
Profit After Tax0.860.790.240.20
NET Worth10.9510.109.319.09
Reserves and Surplus6.639.028.238.01
Total Borrowing25.8424.0820.2223.01
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)83.09%87.23%
Promoter Shareholding (Post-Issue)58.16%62.59%
Market Cap₹13.75 Cr.₹24.70 Cr.

Shares Offered

In the RMC Switchgears IPO Retail Individual Investors (RII) are offered 7,20,000 shares while in Tanvi Foods IPO retail investors are offered 7,20,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in RMC Switchgears IPO and 0 shares in Tanvi Foods IPO.

 RMC Switchgears IPOTanvi Foods IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation96,000 shares56,000 shares
QIB0 shares0 shares
NII7,20,000 shares5,22,000 shares
RII7,20,000 shares5,22,000 shares
Employee0 shares0 shares
Total14,40,000 shares10,44,000 shares

Bids Received (Subscription)

RMC Switchgears IPO subscribed 24.85x in total, whereas Tanvi Foods IPO subscribed 1.62x.

 RMC Switchgears IPOTanvi Foods IPO
NII (times)0.00x1.87x
RII (times)0.00x1.38x
Total (times)24.85x1.62x

Compare with others

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RMC Switchgears IPO Vs Tanvi Foods IPO