Comparison between Ramdevbaba Solvent IPO and Teerth Gopicon IPO.
Ramdevbaba Solvent IPO is a SME Fixed Price IPO proposed to list at NSE SME while Teerth Gopicon IPO is a SME Fixed Price proposed to list at NSE SME.
| Ramdevbaba Solvent IPO | Teerth Gopicon IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Fixed Price |
| Listing At | NSE SME | NSE SME |
| Lead Managers | Choice Capital Advisors Pvt.Ltd. | Interactive Financial Services Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Choice Equity Broking Pvt.Ltd. | Giriraj Stock Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Ramdevbaba Solvent IPO is up to ₹47.60 Cr whereas the issue size of the Teerth Gopicon IPO is up to ₹42.17 Cr. The final issue price of Ramdevbaba Solvent IPO is ₹85.00 per share and of Teerth Gopicon IPO is ₹111.00 per share.
| Ramdevbaba Solvent IPO | Teerth Gopicon IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹80.00 per share | |
| Issue Price (Upper) | ₹85.00 per share | |
| Issue Price (Final) | ₹85.00 per share | ₹111.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 1600 shares | 1200 shares |
| Fresh Issue Size | 56,00,000 shares | 37,99,200 shares |
| Fresh Issue Size (Amount) | up to ₹47.60 Cr | up to ₹42.17 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 56,00,000 shares | 37,99,200 shares |
| Issue Size Total (Amount) | up to ₹47.60 Cr | up to ₹42.17 Cr |
Ramdevbaba Solvent IPO opens on Apr 15, 2024, while Teerth Gopicon IPO opens on Apr 08, 2024. The closing date of Ramdevbaba Solvent IPO and Teerth Gopicon IPO is Apr 18, 2024, and Apr 10, 2024, respectively.
| Ramdevbaba Solvent IPO | Teerth Gopicon IPO | |
|---|---|---|
| Anchor Bid Date | Apr 12, 2024 | |
| Issue Open | Apr 15, 2024 | Apr 08, 2024 |
| Issue Close | Apr 18, 2024 | Apr 10, 2024 |
| Basis Of Allotment (Tentative) | Apr 19, 2024 | Apr 12, 2024 |
| Initiation of Refunds (Tentative) | Apr 22, 2024 | Apr 15, 2024 |
| Credit of Share (Tentative) | Apr 22, 2024 | Apr 15, 2024 |
| Listing date (Tentative) | Apr 23, 2024 | Apr 16, 2024 |
| Anchor Lockin End date 1 | May 19, 2024 | |
| Anchor Lockin End date 2 | Jul 18, 2024 |
Ramdevbaba Solvent IPO P/E ratio is 10.6, as compared to Teerth Gopicon IPO P/E ratio of 49.55.
| Ramdevbaba Solvent IPO | Teerth Gopicon IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Ramdevbaba Solvent Limited Financial Information (Restated)Ramdevbaba Solvent Limited's revenue increased by 20.35% and profit after tax (PAT) rose by 97.25% between the financial year ending with March 31, 2023 and March 31, 2022.
| Teerth Gopicon Limited Financial Information (Restated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 81.01 | 96.5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 64.33 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 10.6 | 49.55 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹188.07 Cr. | ₹133.20 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 66.40% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 10.76% | 48.40% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.46 | 0.60 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹8.02 | ₹2.24 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 14.24% | 22.72% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Ramdevbaba Solvent IPO Retail Individual Investors (RII) are offered 19,60,000 shares while in Teerth Gopicon IPO retail investors are offered 19,60,000 shares. Qualified Institutional Buyers (QIB) are offered 11,20,000 shares in Ramdevbaba Solvent IPO and in Teerth Gopicon IPO.
| Ramdevbaba Solvent IPO | Teerth Gopicon IPO | |
|---|---|---|
| Anchor Investor Reserveration | 16,80,000 shares | |
| Market Maker Reserveration | 3,13,600 shares | 2,00,400 shares |
| QIB | 11,20,000 shares | |
| NII | 8,40,000 shares | 18,99,600 shares |
| RII | 19,60,000 shares | 18,99,600 shares |
| Employee | ||
| Others | ||
| Total | 56,00,000 shares | 37,99,200 shares |
Ramdevbaba Solvent IPO subscribed 126.21x in total, whereas Teerth Gopicon IPO subscribed 75.54x.
| Ramdevbaba Solvent IPO | Teerth Gopicon IPO | |
|---|---|---|
| QIB (times) | 65.95x | |
| NII (times) | 314.46x | 97.12x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 79.96x | 44.33x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 126.21x | 75.54x |
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