Earthstahl & Alloys IPO vs Gayatri Rubbers and Chemicals IPO

Comparision between Earthstahl & Alloys IPO and Gayatri Rubbers and Chemicals IPO.

IPO Details

Earthstahl & Alloys IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Gayatri Rubbers and Chemicals IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Earthstahl & Alloys IPO	Gayatri Rubbers and Chemicals IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	BSE SME	NSE SME
Lead Managers	Hem Securities Limited	Khambatta Securities Limited
Registrar	Bigshare Services Pvt Ltd	Skyline Financial Services Private Ltd
Market Maker	Hem Securities Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Earthstahl & Alloys IPO is up to ₹12.96 Cr whereas the issue size of the Gayatri Rubbers and Chemicals IPO is up to ₹4.58 Cr. The final issue price of Earthstahl & Alloys IPO is ₹40.00 per share and of Gayatri Rubbers and Chemicals IPO is ₹30.00 per share.

	Earthstahl & Alloys IPO	Gayatri Rubbers and Chemicals IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹38.00 per share
Issue Price (Upper)	₹40.00 per share
Issue Price (Final)	₹40.00 per share	₹30.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	4000 shares
Fresh Issue Size	32,40,000 shares	15,28,000 shares
Fresh Issue Size (Amount)	up to ₹12.96 Cr	up to ₹4.58 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	32,40,000 shares	15,28,000 shares
Issue Size Total (Amount)	up to ₹12.96 Cr	up to ₹4.58 Cr

IPO Timetable

Earthstahl & Alloys IPO opens on Jan 27, 2023, while Gayatri Rubbers and Chemicals IPO opens on Jan 25, 2023. The closing date of Earthstahl & Alloys IPO and Gayatri Rubbers and Chemicals IPO is Jan 31, 2023, and Jan 30, 2023, respectively.

	Earthstahl & Alloys IPO	Gayatri Rubbers and Chemicals IPO
Anchor Bid Date
Issue Open	Jan 27, 2023	Jan 25, 2023
Issue Close	Jan 31, 2023	Jan 30, 2023
Basis Of Allotment (Tentative)	Feb 03, 2023	Feb 02, 2023
Initiation of Refunds (Tentative)	Feb 06, 2023	Feb 03, 2023
Credit of Share (Tentative)	Feb 07, 2023	Feb 06, 2023
Listing date (Tentative)	Feb 08, 2023	Feb 07, 2023
Anchor Lockin End date 1	Mar 05, 2023	Mar 04, 2023
Anchor Lockin End date 2	May 04, 2023	May 03, 2023

Financials

Earthstahl & Alloys IPO P/E ratio is 4.22, as compared to Gayatri Rubbers and Chemicals IPO P/E ratio of 23.62.

Earthstahl & Alloys IPO

Gayatri Rubbers and Chemicals IPO

Financial

Earthstahl & Alloys Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	2,990.73	3,181.58	-33.49	44.24	200.22	1,733.71
31-Mar-21	2,817.23	2,457.53	267.31	311.55	467.53	1,396.82
31-Mar-22	3,592.61	4,907.54	745.48	1,057.03	1,213.01	1,399.97
30-Sep-22	4,303.34	4,824.68	580.47	1,637.50	1,793.48	1,092.93
Amount in ₹ Lakhs

Gayatri Rubbers and Chemicals Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	597.65	656.91	6.75	23.56	7.87	0.00
31-Mar-21	556.56	1,563.08	14.53	171.52	22.39	0.00
31-Mar-22	497.77	1,673.73	81.01	155.41	103.40	263.40
14-Apr-22	573.44	120.80	30.69	185.01	134.09	262.58
31-Dec-22	898.47	1,664.84	54.81	462.19	41.19	78.97
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

Promoter Shareholding (Post-Issue)

73.53%

73.37%

P/E Ratio

4.22

23.62

Market Cap

₹48.96 Cr.

₹17.21 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Earthstahl & Alloys IPO retail investors (RII) are offered 10,77,000 shares while in Gayatri Rubbers and Chemicals IPO retail investors are offered 10,77,000 shares. Qualified institutional buyers (QIB) are offered 9,18,000 shares in Earthstahl & Alloys IPO and in Gayatri Rubbers and Chemicals IPO.

	Earthstahl & Alloys IPO	Gayatri Rubbers and Chemicals IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,68,000 shares	80,000 shares
QIB	9,18,000 shares
NII	10,77,000 shares	7,24,000 shares
RII	10,77,000 shares	7,24,000 shares
Employee
Others
Total	30,72,000 shares	14,48,000 shares

Bids Received (Subscription)

Earthstahl & Alloys IPO subscribed 235.18x in total, whereas Gayatri Rubbers and Chemicals IPO subscribed 37.94x.

	Earthstahl & Alloys IPO	Gayatri Rubbers and Chemicals IPO
QIB (times)	39.83x
NII (times)	445.09x	33.65x
Big NII (times)
Small NII (times)
RII (times)	191.77x	42.23x
Employee (times)
Other (times)
Total (times)	235.18x	37.94x

Compare with others

Earthstahl & Alloys IPO	Gayatri Rubbers and Chemicals IPO
Lead Reclaim and Rubber Products IPO	Patron Exim IPO
Indong Tea Company IPO	Lead Reclaim and Rubber Products IPO
Agarwal Float Glass India IPO	Indong Tea Company IPO
Shera Energy IPO	Agarwal Float Glass India IPO
Gayatri Rubbers and Chemicals IPO	Shera Energy IPO
Transvoy Logistics India IPO	Earthstahl & Alloys IPO
DHARNI Capital Services IPO	Transvoy Logistics India IPO
Aristo Bio-Tech and Lifescience IPO	DHARNI Capital Services IPO
Ducol Organics And Colours IPO	Aristo Bio-Tech and Lifescience IPO
Eastern Logica Infoway IPO	Ducol Organics And Colours IPO

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