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Palm Jewels IPO vs Waa Solar IPO

Comparison between Palm Jewels IPO and Waa Solar IPO.

IPO Details

Palm Jewels IPO is a SME Fixed Price IPO proposed to list at BSE SME while Waa Solar IPO is a SME Fixed Price proposed to list at BSE SME.

 Palm Jewels IPOWaa Solar IPO
LogoPalm Jewels IPO LogoWaa Solar IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMEBSE SME
Lead ManagersFirst Overseas Capital Ltd.Oneview Corporate Advisors Pvt.Ltd.
RegistrarKfin Technologies Ltd.Bigshare Services Pvt.Ltd.
Market MakerBeeline Broking Ltd.Guiness Securities Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Palm Jewels IPO is up to ₹8.45 Cr whereas the issue size of the Waa Solar IPO is up to ₹30.53 Cr. The final issue price of Palm Jewels IPO is ₹30.00 per share and of Waa Solar IPO is ₹161.00 per share.

 Palm Jewels IPOWaa Solar IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹30.00 per share₹161.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size4000 shares800 shares
Fresh Issue Size28,16,000 shares16,46,000 shares
Fresh Issue Size (Amount)up to ₹8.45 Crup to ₹26.50 Cr
OFS Issue Size0 shares2,50,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹4.03 Cr
Issue Size Total28,16,000 shares18,96,000 shares
Issue Size Total (Amount)up to ₹8.45 Crup to ₹30.53 Cr

IPO Timetable

Palm Jewels IPO opens on May 25, 2018, while Waa Solar IPO opens on May 31, 2018. The closing date of Palm Jewels IPO and Waa Solar IPO is Jun 04, 2018, and Jun 04, 2018, respectively.

 Palm Jewels IPOWaa Solar IPO
Issue OpenMay 25, 2018May 31, 2018
Issue CloseJun 04, 2018Jun 04, 2018
Basis Of Allotment (Tentative)Jun 06, 2018Jun 07, 2018
Initiation of Refunds (Tentative)Jun 07, 2018
Credit of Share (Tentative)Jun 07, 2018
Listing date (Tentative)Jun 12, 2018Jun 12, 2018

Financials & KPIs

Palm Jewels IPO P/E ratio is , as compared to Waa Solar IPO P/E ratio of .

 Palm Jewels IPOWaa Solar IPO
Financials

Company Financials (Restated)

Period Ended28 Feb 201831 Mar 201731 Mar 201631 Mar 2015
Assets6.091.630.370.36
Total Income19.755.521.570.98
Profit After Tax0.440.020.01-0.00
NET Worth4.130.340.320.32
Reserves and Surplus2.700.020.010.00
Total Borrowing1.49
Amount in ₹ Crore

Company Financials (Restated Standalone)

Period Ended30 Nov 201731 Mar 201731 Mar 201631 Mar 2015
Assets214.07200.19198.07218.82
Total Income16.2326.0746.9054.26
Profit After Tax1.624.286.3411.53
NET Worth115.48113.86109.5981.64
Reserves and Surplus115.21113.59109.3281.45
Total Borrowing89.0478.1377.24111.18
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)96.22%100%
Promoter Shareholding (Post-Issue)57.54%69.85%
Market Cap₹22.15 Cr.₹106.80 Cr.

Shares Offered

In the Palm Jewels IPO Retail Individual Investors (RII) are offered 14,08,000 shares while in Waa Solar IPO retail investors are offered 14,08,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Palm Jewels IPO and 0 shares in Waa Solar IPO.

 Palm Jewels IPOWaa Solar IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation1,52,000 shares1,04,000 shares
QIB0 shares0 shares
NII14,08,000 shares9,48,000 shares
RII14,08,000 shares9,48,000 shares
Employee0 shares0 shares
Total28,16,000 shares18,96,000 shares

Bids Received (Subscription)

Palm Jewels IPO subscribed 1.16x in total, whereas Waa Solar IPO subscribed 1.60x.

 Palm Jewels IPOWaa Solar IPO
NII (times)0.82x0.74x
RII (times)1.50x2.46x
Total (times)1.16x1.60x

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Compare:

Palm Jewels IPO Vs Waa Solar IPO