Bright Solar IPO vs Ushanti Colour Chem IPO

Comparison between Bright Solar IPO and Ushanti Colour Chem IPO.

IPO Details

Bright Solar IPO is a SME Fixed Price IPO proposed to list at NSE SME while Ushanti Colour Chem IPO is a SME Fixed Price proposed to list at NSE SME.

Issue Size and Price

The total issue size of Bright Solar IPO is up to ₹18.47 Cr whereas the issue size of the Ushanti Colour Chem IPO is up to ₹10.97 Cr. The final issue price of Bright Solar IPO is ₹36.00 per share and of Ushanti Colour Chem IPO is ₹60.00 per share.

 Bright Solar IPOUshanti Colour Chem IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹36.00 per share₹60.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size3000 shares2000 shares
Fresh Issue Size51,30,000 shares18,28,000 shares
Fresh Issue Size (Amount)up to ₹18.47 Crup to ₹10.97 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total51,30,000 shares18,28,000 shares
Issue Size Total (Amount)up to ₹18.47 Crup to ₹10.97 Cr

IPO Timetable

Bright Solar IPO opens on Jun 26, 2018, while Ushanti Colour Chem IPO opens on Jul 23, 2018. The closing date of Bright Solar IPO and Ushanti Colour Chem IPO is Jun 29, 2018, and Jul 25, 2018, respectively.

 Bright Solar IPOUshanti Colour Chem IPO
Issue OpenJun 26, 2018Jul 23, 2018
Issue CloseJun 29, 2018Jul 25, 2018
Basis Of Allotment (Tentative)Jul 04, 2018Jul 30, 2018
Initiation of Refunds (Tentative)Jul 06, 2018Jul 31, 2018
Credit of Share (Tentative)Jul 06, 2018Aug 01, 2018
Listing date (Tentative)Jul 09, 2018Aug 02, 2018

Financials & KPIs

Bright Solar IPO P/E ratio is , as compared to Ushanti Colour Chem IPO P/E ratio of .

 Bright Solar IPOUshanti Colour Chem IPO
Financials

Company Financials (Restated Standalone)

Period Ended31 Jan 201831 Mar 201731 Mar 201631 Mar 2015
Assets55.7333.0922.1238.92
Total Income28.2718.1315.4747.84
Profit After Tax5.351.710.711.97
NET Worth15.5310.198.664.12
Reserves and Surplus14.038.697.163.06
Total Borrowing1.893.143.346.16
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Mar 201831 Mar 201731 Mar 2016
Assets31.0022.8722.50
Total Income36.7529.6225.11
Profit After Tax2.391.280.26
EBITDA5.553.792.40
NET Worth8.706.315.04
Reserves and Surplus3.315.814.54
Total Borrowing12.717.259.96
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)93.75%100%
Promoter Shareholding (Post-Issue)68.93%73.62%
Market Cap₹73.44 Cr.₹43.81 Cr.

Shares Offered

In the Bright Solar IPO Retail Individual Investors (RII) are offered 25,65,000 shares while in Ushanti Colour Chem IPO retail investors are offered 25,65,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Bright Solar IPO and 0 shares in Ushanti Colour Chem IPO.

 Bright Solar IPOUshanti Colour Chem IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation2,70,000 shares98,000 shares
QIB0 shares0 shares
NII25,65,000 shares9,14,000 shares
RII25,65,000 shares9,14,000 shares
Employee0 shares0 shares
Total51,30,000 shares18,28,000 shares

Bids Received (Subscription)

Bright Solar IPO subscribed 1.85x in total, whereas Ushanti Colour Chem IPO subscribed 6.22x.

 Bright Solar IPOUshanti Colour Chem IPO
NII (times)2.21x5.71x
RII (times)1.49x6.73x
Total (times)1.85x6.22x

Compare with others

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Bright Solar IPO Vs Ushanti Colour Chem IPO