Sonam Clock IPO vs Waa Solar IPO

Comparison between Sonam Clock IPO and Waa Solar IPO.

IPO Details

Sonam Clock IPO is a SME Fixed Price IPO proposed to list at NSE SME while Waa Solar IPO is a SME Fixed Price proposed to list at BSE SME.

Issue Size and Price

The total issue size of Sonam Clock IPO is up to ₹9.59 Cr whereas the issue size of the Waa Solar IPO is up to ₹30.53 Cr. The final issue price of Sonam Clock IPO is ₹36.00 per share and of Waa Solar IPO is ₹161.00 per share.

 Sonam Clock IPOWaa Solar IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹36.00 per share₹161.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size3000 shares800 shares
Fresh Issue Size26,64,000 shares16,46,000 shares
Fresh Issue Size (Amount)up to ₹9.59 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 Total26,64,000 shares18,96,000 shares
Issue Size Total (Amount)up to ₹9.59 Crup to ₹30.53 Cr

IPO Timetable

Sonam Clock IPO opens on Jun 01, 2018, while Waa Solar IPO opens on May 31, 2018. The closing date of Sonam Clock IPO and Waa Solar IPO is Jun 06, 2018, and Jun 04, 2018, respectively.

 Sonam Clock IPOWaa Solar IPO
Issue OpenJun 01, 2018May 31, 2018
Issue CloseJun 06, 2018Jun 04, 2018
Basis Of Allotment (Tentative)Jun 11, 2018Jun 07, 2018
Listing date (Tentative)Jun 14, 2018Jun 12, 2018

Financials & KPIs

Sonam Clock IPO P/E ratio is , as compared to Waa Solar IPO P/E ratio of .

 Sonam Clock IPOWaa Solar IPO
Financials

Company Financials (Restated)

Period Ended31 Dec 201731 Mar 201731 Mar 201631 Mar 2015
Assets37.7434.9434.1728.52
Total Income38.6239.0336.8234.06
Profit After Tax2.260.812.680.41
EBITDA5.364.425.333.59
NET Worth11.619.358.545.86
Reserves and Surplus4.413.953.144.06
Total Borrowing18.2918.5917.7417.55
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)100%100%
Promoter Shareholding (Post-Issue)71.94%69.85%
Market Cap₹36.03 Cr.₹106.80 Cr.

Shares Offered

In the Sonam Clock IPO Retail Individual Investors (RII) are offered 13,32,000 shares while in Waa Solar IPO retail investors are offered 13,32,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Sonam Clock IPO and 0 shares in Waa Solar IPO.

 Sonam Clock IPOWaa Solar IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation1,44,000 shares1,04,000 shares
QIB0 shares0 shares
NII13,32,000 shares9,48,000 shares
RII13,32,000 shares9,48,000 shares
Employee0 shares0 shares
Total26,64,000 shares18,96,000 shares

Bids Received (Subscription)

Sonam Clock IPO subscribed 2.42x in total, whereas Waa Solar IPO subscribed 1.60x.

 Sonam Clock IPOWaa Solar IPO
NII (times)1.04x0.74x
RII (times)3.80x2.46x
Total (times)2.42x1.60x

Compare with others

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Sonam Clock IPO Vs Waa Solar IPO