Earum IPO vs Meera Industries FPO

Comparision between Earum IPO and Meera Industries FPO.

IPO Details

Earum IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Meera Industries FPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Earum IPO	Meera Industries FPO
Logo
Issue Category	SME	SME
Issue Type	IPO	FPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	BSE SME
Lead Managers	Hem Securities Limited	Aryaman Financial Services Limited
Registrar	Bigshare Services Pvt Ltd	Kfin Technologies Limited
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 Earum IPO is up to ₹6.65 Cr whereas the issue size of the Meera Industries FPO is up to ₹11.75 Cr. The final issue price of Earum IPO is ₹36.00 per share and of Meera Industries FPO is ₹225.00 per share.

	Earum IPO	Meera Industries FPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹36.00 per share	₹225.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	500 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	18,48,000 shares	5,22,000 shares
Issue Size Total (Amount)	up to ₹6.65 Cr	up to ₹11.75 Cr

IPO Timetable

Earum IPO opens on Jun 21, 2019, while Meera Industries FPO opens on Jun 13, 2019. The closing date of Earum IPO and Meera Industries FPO is Jun 26, 2019, and Jun 18, 2019, respectively.

	Earum IPO	Meera Industries FPO
Anchor Bid Date
Issue Open	Jun 21, 2019	Jun 13, 2019
Issue Close	Jun 26, 2019	Jun 18, 2019
Basis Of Allotment (Tentative)	Jul 01, 2019	Jun 21, 2019
Initiation of Refunds (Tentative)	Jul 02, 2019	Jun 24, 2019
Credit of Share (Tentative)	Jul 03, 2019	Jun 25, 2019
Listing date (Tentative)	Jul 04, 2019	Jun 26, 2019
Anchor Lockin End date 1	Jul 31, 2019	Jul 21, 2019
Anchor Lockin End date 2	Sep 29, 2019	Sep 19, 2019

Financials

Earum IPO P/E ratio is , as compared to Meera Industries FPO P/E ratio of .

Earum IPO

Meera Industries FPO

Financial

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

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Lakhs)
	31-Dec-19	31-Mar-18
Total Assets	2,166.42	1,468.14
Total Revenue	3,558.41	2,149.66
Profit After Tax	494.55	240.80

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 Earum IPO retail investors (RII) are offered 8,76,000 shares while in Meera Industries FPO retail investors are offered 8,76,000 shares. Qualified institutional buyers (QIB) are offered in Earum IPO and in Meera Industries FPO.

	Earum IPO	Meera Industries FPO
Anchor Investor Reserveration
Market Maker Reserveration	96,000 shares	30,000 shares
QIB
NII	8,76,000 shares	2,46,000 shares
RII	8,76,000 shares	2,46,000 shares
Employee
Others
Total	17,52,000 shares	4,92,000 shares

Bids Received (Subscription)

Earum IPO subscribed 1.60x in total, whereas Meera Industries FPO subscribed 1.16x.

	Earum IPO	Meera Industries FPO
QIB (times)
NII (times)	1.72x	1.99x
Big NII (times)
Small NII (times)
RII (times)	1.48x	0.33x
Employee (times)
Other (times)
Total (times)	1.60x	1.16x

Compare with others

Earum IPO	Meera Industries FPO
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	Anand Rayons IPO
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	White Organic IPO

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