GConnect Logitech IPO vs Yash Optics IPO

Comparison between GConnect Logitech IPO and Yash Optics IPO.

IPO Details

GConnect Logitech IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Yash Optics IPO is a SME Bookbuilding proposed to list at NSE SME.

	GConnect Logitech IPO	Yash Optics IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price	Bookbuilding
Listing At	BSE SME	NSE SME
Lead Managers	Fedex Securities Pvt.Ltd.	Shreni Shares Ltd.
Registrar	Kfin Technologies Ltd.	Bigshare Services Pvt.Ltd.
Market Maker	Aftertrade Broking Pvt.Ltd.	Rikhav Securities Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of GConnect Logitech IPO is up to ₹5.30 Cr whereas the issue size of the Yash Optics IPO is up to ₹50.47 Cr. The final issue price of GConnect Logitech IPO is ₹40.00 per share and of Yash Optics IPO is ₹81.00 per share.

	GConnect Logitech IPO	Yash Optics IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹75.00 per share
Issue Price (Upper)		₹81.00 per share
Issue Price (Final)	₹40.00 per share	₹81.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	3000 shares	1600 shares
Fresh Issue Size	13,26,000 shares	62,30,400 shares
Fresh Issue Size (Amount)	up to ₹5.30 Cr	up to ₹50.47 Cr
OFS Issue Size	0 shares	0 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹0.00 Cr
Issue Size Total	13,26,000 shares	62,30,400 shares
Issue Size Total (Amount)	up to ₹5.30 Cr	up to ₹50.47 Cr

IPO Timetable

GConnect Logitech IPO opens on Mar 26, 2024, while Yash Optics IPO opens on Mar 27, 2024. The closing date of GConnect Logitech IPO and Yash Optics IPO is Mar 28, 2024, and Apr 03, 2024, respectively.

	GConnect Logitech IPO	Yash Optics IPO
Anchor Bid Date		Mar 26, 2024
Issue Open	Mar 26, 2024	Mar 27, 2024
Issue Close	Mar 28, 2024	Apr 03, 2024
Basis Of Allotment (Tentative)	Apr 01, 2024	Apr 04, 2024
Initiation of Refunds (Tentative)	Apr 02, 2024	Apr 05, 2024
Credit of Share (Tentative)	Apr 02, 2024	Apr 05, 2024
Listing date (Tentative)	Apr 03, 2024	Apr 08, 2024
Anchor Lockin End date 1		May 04, 2024
Anchor Lockin End date 2		Jul 03, 2024

Financials & KPIs

GConnect Logitech IPO P/E ratio is 1.5, as compared to Yash Optics IPO P/E ratio of 18.28.

GConnect Logitech IPO

Yash Optics IPO

Financials

GConnect Logitech and Supply Chain Limited Financial Information (Restated)

Period Ended	30 Sep 2023	31 Mar 2023
Assets	423.25	82.46
Total Income	212.57	101.03
Profit After Tax	22.83	10.86
Net Worth	398.15	77.51
Reserves and Surplus	166.29	60.10
Amount in ₹ Lakhs

Yash Optics & Lens Limited Financial Information (Restated)

Yash Optics & Lens Limited's revenue increased by 33.3% and profit after tax (PAT) rose by 18.32% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	5,412.63	3,414.26	2,444.86	1,215.25
Total Income	1,869.16	3,980.39	2,986.04	1,498.24
Profit After Tax	422.52	806.58	681.67	106.31
Net Worth	2,334.01	1,911.50	1,104.92	426.61
Reserves and Surplus	2,333.01	1,910.50	1,103.92	425.61
Total Borrowing	2,452.69	1,085.63	402.36	585.00
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

76.76

97.45

Promoter Shareholding (Post-Issue)

47.85

71.63

P/E Ratio

1.5

18.28

Market Cap

₹14.88 Cr.

₹200.60 Cr.

ROE

5.73%

18.10

ROCE

7.67%

10.38

Debt/Equity

1.05

EPS

₹26.64

₹4.43

RoNW

5.73%

18.09%

Shares Offered

In the GConnect Logitech IPO Retail Individual Investors (RII) are offered 6,63,000 shares while in Yash Optics IPO retail investors are offered 6,63,000 shares. Qualified Institutional Buyers (QIB) are offered in GConnect Logitech IPO and 11,64,800 shares in Yash Optics IPO.

	GConnect Logitech IPO	Yash Optics IPO
Anchor Investor Reserveration		17,02,400 shares
Market Maker Reserveration	75,000 shares	3,31,200 shares
QIB		11,64,800 shares
NII	6,63,000 shares	11,10,400 shares
RII	6,63,000 shares	22,52,800 shares
Employee
Others
Total	13,26,000 shares	62,30,400 shares

Bids Received (Subscription)

GConnect Logitech IPO subscribed 57.38x in total, whereas Yash Optics IPO subscribed 42.17x.

	GConnect Logitech IPO	Yash Optics IPO
QIB (times)		19.88x
NII (times)	42.90x	85.27x
Big NII (times)
Small NII (times)
RII (times)	71.74x	32.46x
Employee (times)
Other (times)
Total (times)	57.38x	42.17x

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