Ushanti Colour Chem IPO vs Waa Solar IPO

Comparison between Ushanti Colour Chem IPO and Waa Solar IPO.

IPO Details

Ushanti Colour Chem 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 Ushanti Colour Chem IPO is up to ₹10.97 Cr whereas the issue size of the Waa Solar IPO is up to ₹30.53 Cr. The final issue price of Ushanti Colour Chem IPO is ₹60.00 per share and of Waa Solar IPO is ₹161.00 per share.

 Ushanti Colour Chem IPOWaa Solar IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹60.00 per share₹161.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size2000 shares800 shares
Fresh Issue Size18,28,000 shares16,46,000 shares
Fresh Issue Size (Amount)up to ₹10.97 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 Total18,28,000 shares18,96,000 shares
Issue Size Total (Amount)up to ₹10.97 Crup to ₹30.53 Cr

IPO Timetable

Ushanti Colour Chem IPO opens on Jul 23, 2018, while Waa Solar IPO opens on May 31, 2018. The closing date of Ushanti Colour Chem IPO and Waa Solar IPO is Jul 25, 2018, and Jun 04, 2018, respectively.

 Ushanti Colour Chem IPOWaa Solar IPO
Issue OpenJul 23, 2018May 31, 2018
Issue CloseJul 25, 2018Jun 04, 2018
Basis Of Allotment (Tentative)Jul 30, 2018Jun 07, 2018
Initiation of Refunds (Tentative)Jul 31, 2018
Credit of Share (Tentative)Aug 01, 2018
Listing date (Tentative)Aug 02, 2018Jun 12, 2018

Financials & KPIs

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

 Ushanti Colour Chem IPOWaa Solar IPO
Financials

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

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)73.62%69.85%
Market Cap₹43.81 Cr.₹106.80 Cr.

Shares Offered

In the Ushanti Colour Chem IPO Retail Individual Investors (RII) are offered 9,14,000 shares while in Waa Solar IPO retail investors are offered 9,14,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Ushanti Colour Chem IPO and 0 shares in Waa Solar IPO.

 Ushanti Colour Chem IPOWaa Solar IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation98,000 shares1,04,000 shares
QIB0 shares0 shares
NII9,14,000 shares9,48,000 shares
RII9,14,000 shares9,48,000 shares
Employee0 shares0 shares
Total18,28,000 shares18,96,000 shares

Bids Received (Subscription)

Ushanti Colour Chem IPO subscribed 6.22x in total, whereas Waa Solar IPO subscribed 1.60x.

 Ushanti Colour Chem IPOWaa Solar IPO
NII (times)5.71x0.74x
RII (times)6.73x2.46x
Total (times)6.22x1.60x

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