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GEM Enviro Management IPO vs United Cotfab IPO

Comparison between GEM Enviro Management IPO and United Cotfab IPO.

IPO Details

GEM Enviro Management IPO is a SME Fixed Price IPO proposed to list at BSE SME while United Cotfab IPO is a SME Fixed Price proposed to list at BSE SME.

 GEM Enviro Management IPOUnited Cotfab IPO
LogoGEM Enviro Management IPO LogoUnited Cotfab IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtBSE SMEBSE SME
Lead ManagersFintellectual Corporate Advisors Pvt.Ltd.Beeline Capital Advisors Pvt.Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Purva Sharegistry (India) Pvt.Ltd.
Market MakerShare India Securities Ltd.Spread X Securities Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of GEM Enviro Management IPO is up to ₹42.36 Cr whereas the issue size of the United Cotfab IPO is up to ₹34.47 Cr. The final issue price of GEM Enviro Management IPO is ₹75.00 per share and of United Cotfab IPO is ₹70.00 per share.

 GEM Enviro Management IPOUnited Cotfab IPO
Face Value₹5 per share₹10 per share
Issue Price (Lower)₹71.00 per share
Issue Price (Upper)₹75.00 per share
Issue Price (Final)₹75.00 per share₹70.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares2000 shares
Fresh Issue Size11,55,200 shares49,24,000 shares
Fresh Issue Size (Amount)up to ₹8.66 Crup to ₹34.47 Cr
OFS Issue Size44,92,800 shares0 shares
OFS Issue Size (Amount)up to ₹33.70 Crup to ₹0.00 Cr
Issue Size Total56,48,000 shares49,24,000 shares
Issue Size Total (Amount)up to ₹42.36 Crup to ₹34.47 Cr

IPO Timetable

GEM Enviro Management IPO opens on Jun 19, 2024, while United Cotfab IPO opens on Jun 13, 2024. The closing date of GEM Enviro Management IPO and United Cotfab IPO is Jun 21, 2024, and Jun 19, 2024, respectively.

 GEM Enviro Management IPOUnited Cotfab IPO
Anchor Bid DateJun 18, 2024
Issue OpenJun 19, 2024Jun 13, 2024
Issue CloseJun 21, 2024Jun 19, 2024
Basis Of Allotment (Tentative)Jun 24, 2024Jun 20, 2024
Initiation of Refunds (Tentative)Jun 25, 2024Jun 21, 2024
Credit of Share (Tentative)Jun 25, 2024Jun 21, 2024
Listing date (Tentative)Jun 26, 2024Jun 24, 2024
Anchor Lockin End date 1Jul 24, 2024
Anchor Lockin End date 2Sep 22, 2024

Financials & KPIs

GEM Enviro Management IPO P/E ratio is 15.76, as compared to United Cotfab IPO P/E ratio of 9.7.

 GEM Enviro Management IPOUnited Cotfab IPO
Financials

GEM Enviro Management Limited Financial Information (Restated)

GEM Enviro Management Limited's revenue increased by 30.05% and profit after tax (PAT) rose by 34.43% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets3,994.753,574.932,684.521,895.51
Total Income2,639.114,280.573,291.482,560.58
Profit After Tax840.421,001.82745.23583.38
Net Worth3,103.322,411.511,713.571,015.14
Reserves and Surplus2,050.682,380.551,677.57979.14
Total Borrowing2.002.00
Amount in ₹ Lakhs

United Cotfab Limited Financial Information (Restated)

United Cotfab Limited's revenue increased by 17945.52% and profit after tax (PAT) rose by 6121.46% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 202231 Mar 2021
Assets8,168.465,367.711,559.95107.10
Total Income11,552.7464.021.88
Profit After Tax866.6513.931.60-0.11
Net Worth1,356.42993.56681.970.22
Reserves and Surplus188.10
Total Borrowing4,750.933,821.18773.47106.50
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)100.00100.00
Promoter Shareholding (Post-Issue)73.4469.84
P/E Ratio15.769.7
Market Cap₹169.13 Cr.₹120.33 Cr.
ROE30.48%72.76%
ROCE36.55%26.95%
Debt/Equity3.42
EPS₹4.76₹7.22
RoNW30.48%63.89%

Shares Offered

In the GEM Enviro Management IPO Retail Individual Investors (RII) are offered 19,77,600 shares while in United Cotfab IPO retail investors are offered 19,77,600 shares. Qualified Institutional Buyers (QIB) are offered 11,29,600 shares in GEM Enviro Management IPO and in United Cotfab IPO.

 GEM Enviro Management IPOUnited Cotfab IPO
Anchor Investor Reserveration16,92,800 shares
Market Maker Reserveration3,42,400 shares2,60,000 shares
QIB11,29,600 shares
NII8,48,000 shares24,62,000 shares
RII19,77,600 shares24,62,000 shares
Employee
Others
Total56,48,000 shares49,24,000 shares

Bids Received (Subscription)

GEM Enviro Management IPO subscribed 265.13x in total, whereas United Cotfab IPO subscribed 107.16x.

 GEM Enviro Management IPOUnited Cotfab IPO
QIB (times)160.22x
NII (times)462.89x114.71x
Big NII (times)
Small NII (times)
RII (times)240.25x77.22x
Employee (times)
Other (times)
Total (times)265.13x107.16x