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Ramdevbaba Solvent IPO vs Teerth Gopicon IPO

Comparison between Ramdevbaba Solvent IPO and Teerth Gopicon IPO.

IPO Details

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 IPOTeerth Gopicon IPO
LogoRamdevbaba Solvent IPO LogoTeerth Gopicon IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMENSE SME
Lead ManagersChoice Capital Advisors Pvt.Ltd.Interactive Financial Services Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerChoice Equity Broking Pvt.Ltd.Giriraj Stock Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

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 IPOTeerth 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
Market Lot Size1600 shares1200 shares
Fresh Issue Size56,00,000 shares37,99,200 shares
Fresh Issue Size (Amount)up to ₹47.60 Crup to ₹42.17 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total56,00,000 shares37,99,200 shares
Issue Size Total (Amount)up to ₹47.60 Crup to ₹42.17 Cr

IPO Timetable

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 IPOTeerth Gopicon IPO
Anchor Bid DateApr 12, 2024
Issue OpenApr 15, 2024Apr 08, 2024
Issue CloseApr 18, 2024Apr 10, 2024
Basis Of Allotment (Tentative)Apr 19, 2024Apr 12, 2024
Initiation of Refunds (Tentative)Apr 22, 2024Apr 15, 2024
Credit of Share (Tentative)Apr 22, 2024Apr 15, 2024
Listing date (Tentative)Apr 23, 2024Apr 16, 2024
Anchor Lockin End date 1May 19, 2024
Anchor Lockin End date 2Jul 18, 2024

Financials & KPIs

Ramdevbaba Solvent IPO P/E ratio is 10.6, as compared to Teerth Gopicon IPO P/E ratio of 49.55.

 Ramdevbaba Solvent IPOTeerth Gopicon IPO
Financials

Company Financials (Restated)

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets203.41190.63131.35101.25
Total Income465.70704.33585.25427.17
Profit After Tax8.2913.006.596.17
NET Worth68.5747.8334.8328.24
Reserves and Surplus52.3643.2530.2423.65
Total Borrowing99.9999.2364.8644.74
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Jan 202431 Mar 202331 Mar 202231 Mar 2021
Assets137.2047.4342.7731.15
Total Income69.7039.1531.2146.21
Profit After Tax7.841.790.150.46
NET Worth15.737.896.095.94
Reserves and Surplus7.732.891.090.94
Total Borrowing9.373.3813.669.34
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)83.37%96.5%
Promoter Shareholding (Post-Issue)61.09%64.33%
P/E Ratio10.649.55
Market Cap₹188.07 Cr.₹133.20 Cr.
ROE66.40
ROCE10.7648.40
Debt/Equity1.460.60
EPS₹8.02₹2.24
RoNW14.2422.72

Shares Offered

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 IPOTeerth Gopicon IPO
Anchor Investor Reservation16,80,000 shares
Market Maker Reservation3,13,600 shares2,00,400 shares
QIB11,20,000 shares
NII8,40,000 shares18,99,600 shares
RII19,60,000 shares18,99,600 shares
Total56,00,000 shares37,99,200 shares

Bids Received (Subscription)

Ramdevbaba Solvent IPO subscribed 88.35x in total, whereas Teerth Gopicon IPO subscribed 70.73x.

 Ramdevbaba Solvent IPOTeerth Gopicon IPO
QIB (times)65.95x
NII (times)314.46x97.12x
RII (times)79.96x44.33x
Total (times)88.35x70.73x

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Compare:

Ramdevbaba Solvent IPO Vs Teerth Gopicon IPO