Faalcon Concepts IPO vs Ramdevbaba Solvent IPO

Comparision between Faalcon Concepts IPO and Ramdevbaba Solvent IPO.

IPO Details

Faalcon Concepts IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Ramdevbaba Solvent IPO is a SME Book Built Issue proposed to list at NSE SME.

	Faalcon Concepts IPO	Ramdevbaba Solvent IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	BSE SME	NSE SME
Lead Managers	Navigant Corporate Advisors Ltd	Choice Capital Advisors Pvt Ltd
Registrar	Beetal Financial & Computer Services (P) Limited	Bigshare Services Pvt Ltd
Market Maker	Alacrity Securities Ltd.	Choice Equity Broking Private Limited
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 Faalcon Concepts IPO is up to ₹12.09 Cr whereas the issue size of the Ramdevbaba Solvent IPO is up to ₹50.27 Cr. The final issue price of Faalcon Concepts IPO is ₹62.00 per share and of Ramdevbaba Solvent IPO is ₹85.00 per share.

	Faalcon Concepts IPO	Ramdevbaba Solvent IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹80.00 per share
Issue Price (Upper)		₹85.00 per share
Issue Price (Final)	₹62.00 per share	₹85.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	1600 shares
Fresh Issue Size	19,50,000 shares	59,13,600 shares
Fresh Issue Size (Amount)	up to ₹12.09 Cr	up to ₹50.27 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	19,50,000 shares	59,13,600 shares
Issue Size Total (Amount)	up to ₹12.09 Cr	up to ₹50.27 Cr

IPO Timetable

Faalcon Concepts IPO opens on Apr 19, 2024, while Ramdevbaba Solvent IPO opens on Apr 15, 2024. The closing date of Faalcon Concepts IPO and Ramdevbaba Solvent IPO is Apr 23, 2024, and Apr 18, 2024, respectively.

	Faalcon Concepts IPO	Ramdevbaba Solvent IPO
Anchor Bid Date		Apr 12, 2024
Issue Open	Apr 19, 2024	Apr 15, 2024
Issue Close	Apr 23, 2024	Apr 18, 2024
Basis Of Allotment (Tentative)	Apr 24, 2024	Apr 19, 2024
Initiation of Refunds (Tentative)	Apr 25, 2024	Apr 22, 2024
Credit of Share (Tentative)	Apr 25, 2024	Apr 22, 2024
Listing date (Tentative)	Apr 26, 2024	Apr 23, 2024
Anchor Lockin End date 1		May 19, 2024
Anchor Lockin End date 2		Jul 18, 2024

Financials

Faalcon Concepts IPO P/E ratio is 16.85, as compared to Ramdevbaba Solvent IPO P/E ratio of 10.6.

Faalcon Concepts IPO

Ramdevbaba Solvent IPO

Financial

Faalcon Concepts Limited Financial Information (Restated)

Faalcon Concepts Limited's revenue decreased by -28.5% and profit after tax (PAT) rose by 83.58% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Oct 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,417.67	1,292.64	916.77	553.85
Revenue	1,249.11	1,324.81	1,852.93	502.21
Profit After Tax	131.82	179.52	97.79	12.34
Net Worth	631.39	327.53	129.02	22.23
Reserves and Surplus	143.37	325.26	127.61	21.23
Total Borrowing	366.04	190.58	67.10	48.30
Amount in ₹ Lakhs

Ramdevbaba Solvent Limited Financial Information (Restated)

Ramdevbaba Solvent Limited's revenue increased by 20.35% and profit after tax (PAT) rose by 97.25% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	20,341.24	19,062.61	13,134.86	10,125.05
Revenue	46,569.81	70,433.41	58,525.46	42,717.32
Profit After Tax	828.90	1,300.15	659.15	617.06
Net Worth	6,857.15	4,783.25	3,483.10	2,823.95
Reserves and Surplus	5,235.97	4,324.52	3,024.37	2,365.22
Total Borrowing	9,998.78	9,922.63	6,485.67	4,474.16
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

91.76%

81.01%

Promoter Shareholding (Post-Issue)

65.56%

P/E Ratio

16.85

10.6

Market Cap

₹42.35 Cr.

₹188.07 Cr.

ROE

27.49%%

ROCE

26.18%%

10.76%%

Debt/Equity

0.58

1.46

EPS

₹3.68

₹8.02

RoNW

20.88%%

14.24%%

Shares Offered

In the Faalcon Concepts IPO retail investors (RII) are offered 9,26,000 shares while in Ramdevbaba Solvent IPO retail investors are offered 9,26,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Faalcon Concepts IPO and 11,20,000 shares in Ramdevbaba Solvent IPO.

	Faalcon Concepts IPO	Ramdevbaba Solvent IPO
Anchor Investor Reserveration		16,80,000 shares
Market Maker Reserveration	98,000 shares	3,13,600 shares
QIB	0 shares	11,20,000 shares
NII	9,26,000 shares	8,40,000 shares
RII	9,26,000 shares	19,60,000 shares
Employee	0 shares	0 shares
Others
Total	18,52,000 shares	39,20,000 shares

Bids Received (Subscription)

Faalcon Concepts IPO subscribed 71.28x in total, whereas Ramdevbaba Solvent IPO subscribed 126.21x.

	Faalcon Concepts IPO	Ramdevbaba Solvent IPO
QIB (times)		65.95x
NII (times)	93.27x	314.46x
Big NII (times)
Small NII (times)
RII (times)	47.17x	79.96x
Employee (times)
Other (times)
Total (times)	71.28x	126.21x

Compare with others

Faalcon Concepts IPO	Ramdevbaba Solvent IPO
Storage Technologies Racks and Rollers IPO	Faalcon Concepts IPO
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Shivam Chemicals IPO	Greenhitech Ventures IPO
Varyaa Creations IPO	Finelistings Technologies IPO
Emmforce Autotech IPO	Teerth Gopicon IPO
Birdy's IPO	DCG Cables & Wires IPO
Greenhitech Ventures IPO	Creative Graphics Solutions India IPO
Finelistings Technologies IPO	K2 Infragen IPO
Ramdevbaba Solvent IPO	Aluwind Architectural IPO

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