Anand Rayons IPO vs Earum IPO

Comparision between Anand Rayons IPO and Earum IPO.

IPO Details

Anand Rayons IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Earum IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Anand Rayons IPO	Earum IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	BSE SME
Lead Managers	Oneview Corporate Advisors Pvt. Ltd.	Hem Securities Limited
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker
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 Anand Rayons IPO is up to ₹12.66 Cr whereas the issue size of the Earum IPO is up to ₹6.65 Cr. The final issue price of Anand Rayons IPO is ₹27.00 per share and of Earum IPO is ₹36.00 per share.

	Anand Rayons IPO	Earum IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹27.00 per share	₹36.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	4000 shares	3000 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	46,88,000 shares	18,48,000 shares
Issue Size Total (Amount)	up to ₹12.66 Cr	up to ₹6.65 Cr

IPO Timetable

Anand Rayons IPO opens on Jun 18, 2019, while Earum IPO opens on Jun 21, 2019. The closing date of Anand Rayons IPO and Earum IPO is Jun 24, 2019, and Jun 26, 2019, respectively.

	Anand Rayons IPO	Earum IPO
Anchor Bid Date
Issue Open	Jun 18, 2019	Jun 21, 2019
Issue Close	Jun 24, 2019	Jun 26, 2019
Basis Of Allotment (Tentative)		Jul 01, 2019
Initiation of Refunds (Tentative)	Jun 28, 2019	Jul 02, 2019
Credit of Share (Tentative)	Jul 01, 2019	Jul 03, 2019
Listing date (Tentative)	Jul 02, 2019	Jul 04, 2019
Anchor Lockin End date 1		Jul 31, 2019
Anchor Lockin End date 2		Sep 29, 2019

Financials

Anand Rayons IPO P/E ratio is , as compared to Earum IPO P/E ratio of .

Anand Rayons IPO

Earum IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Lakhs)
	31-Jan-19	31-Mar-18	31-Dec-17	31-Mar-16
Total Assets	6,103.46	5,942.08	5,809.05	3,796.06
Total Revenue	23,176.44	25,959.08	27,062.38	21,992.23
Profit After Tax	172.41	145.14	104.70	45.73

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Lakhs)
	31-Dec-18	31-Mar-18	31-Dec-17	31-Mar-16
Total Assets	2,741.00	2,052.88	1,108.45	878.71
Total Revenue	3,449.85	3,543.67	2,333.95	1,856.66
Profit After Tax	86.51	85.65	15.98	9.76

Promoter Shareholding (Pre-Issue)

100%

Promoter Shareholding (Post-Issue)

70.04%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Anand Rayons IPO retail investors (RII) are offered 22,24,000 shares while in Earum IPO retail investors are offered 22,24,000 shares. Qualified institutional buyers (QIB) are offered in Anand Rayons IPO and in Earum IPO.

	Anand Rayons IPO	Earum IPO
Anchor Investor Reserveration
Market Maker Reserveration	2,40,000 shares	96,000 shares
QIB
NII	22,24,000 shares	8,76,000 shares
RII	22,24,000 shares	8,76,000 shares
Employee
Others
Total	44,48,000 shares	17,52,000 shares

Bids Received (Subscription)

Anand Rayons IPO subscribed 1.17x in total, whereas Earum IPO subscribed 1.60x.

	Anand Rayons IPO	Earum IPO
QIB (times)
NII (times)	1.86x	1.72x
Big NII (times)
Small NII (times)
RII (times)	0.48x	1.48x
Employee (times)
Other (times)
Total (times)	1.17x	1.60x

Compare with others

Anand Rayons IPO	Earum IPO
SK International IPO	Wonder Fibromats IPO
AB Infrabuild IPO	City Pulse IPO
SBC Exports IPO	SK International IPO
Earum IPO	AB Infrabuild IPO
Parshva Enterprises IPO	SBC Exports IPO
Meera Industries FPO	Parshva Enterprises IPO
Suich Industries IPO	Anand Rayons IPO
Gensol Engineering IPO	Meera Industries FPO
Par Drugs IPO	Suich Industries IPO
Evans Electric IPO	Gensol Engineering IPO

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