GoColors IPO vs RateGain IPO

Comparision between GoColors IPO and RateGain IPO.

IPO Details

GoColors IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while RateGain IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	GoColors IPO	RateGain IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) ICICI Securities Limited Jm Financial Limited	Iifl Securities Ltd Kotak Mahindra Capital Company Limited Nomura Financial Advisory And Securities (India) Pvt Ltd
Registrar	Kfin Technologies Limited	Kfin Technologies Limited
Market Maker
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 GoColors IPO is up to ₹1,013.61 Cr whereas the issue size of the RateGain IPO is up to ₹1,335.74 Cr. The final issue price of GoColors IPO is ₹690.00 per share and of RateGain IPO is ₹425.00 per share.

	GoColors IPO	RateGain IPO
Face Value	₹10 per share	₹1 per share
Issue Price (Lower)	₹655.00 per share	₹405.00 per share
Issue Price (Upper)	₹690.00 per share	₹425.00 per share
Issue Price (Final)	₹690.00 per share	₹425.00 per share
Discount (Retail)
Discount (Employee)		₹40.00 per share
Market Lot Size	21 shares	35 shares
Fresh Issue Size
Fresh Issue Size (Amount)	up to ₹125.00 Cr	up to ₹375.00 Cr
OFS Issue Size	1,28,78,389 shares	2,26,05,530 shares
OFS Issue Size (Amount)		up to ₹960.74 Cr
Issue Size Total
Issue Size Total (Amount)	up to ₹1,013.61 Cr	up to ₹1,335.74 Cr

IPO Timetable

GoColors IPO opens on Nov 17, 2021, while RateGain IPO opens on Dec 07, 2021. The closing date of GoColors IPO and RateGain IPO is Nov 22, 2021, and Dec 09, 2021, respectively.

	GoColors IPO	RateGain IPO
Anchor Bid Date
Issue Open	Nov 17, 2021	Dec 07, 2021
Issue Close	Nov 22, 2021	Dec 09, 2021
Basis Of Allotment (Tentative)	Nov 25, 2021	Dec 14, 2021
Initiation of Refunds (Tentative)	Nov 26, 2021	Dec 15, 2021
Credit of Share (Tentative)	Nov 29, 2021	Dec 16, 2021
Listing date (Tentative)	Nov 30, 2021	Dec 17, 2021
Anchor Lockin End date 1	Dec 25, 2021	Jan 13, 2022
Anchor Lockin End date 2	Feb 23, 2022	Mar 14, 2022

Financials

GoColors IPO P/E ratio is , as compared to RateGain IPO P/E ratio of .

GoColors IPO

RateGain IPO

Financial

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in Millions)
	30-Jun-21	30-Jun-20	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	5,306.47	5,346.99	5,483.67	5,191.86	4,041.31
Total Revenue	402.92	207.44	2,822.52	3,968.39	2,909.79
Profit After Tax	(189.96)	(85.98)	(35.39)	526.34	309.41

Summary of financial Information (Restated Standalone)
Particulars	For the year/period ended (₹ in Millions)
	31-Aug-21	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	4,281.89	4,398.04	3,971.08	2,849.02
Total Revenue	1,312.23	2,640.91	4,576.13	2,727.00
Profit After Tax	- 83.37	- 285.75	- 201.04	110.34

Promoter Shareholding (Pre-Issue)

57.47%

67.29%

Promoter Shareholding (Post-Issue)

52.78%

56.72%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the GoColors IPO retail investors (RII) are offered 14,68,998 shares while in RateGain IPO retail investors are offered 14,68,998 shares. Qualified institutional buyers (QIB) are offered 44,06,996 shares in GoColors IPO and 93,93,424 shares in RateGain IPO.

	GoColors IPO	RateGain IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	44,06,996 shares	93,93,424 shares
NII	22,03,497 shares	46,96,711 shares
RII	14,68,998 shares	31,31,141 shares
Employee	0 shares	1,29,870 shares
Others
Total	80,79,491 shares	1,73,51,146 shares

Bids Received (Subscription)

GoColors IPO subscribed 135.46x in total, whereas RateGain IPO subscribed 17.41x.

	GoColors IPO	RateGain IPO
QIB (times)	100.73x	8.42x
NII (times)	262.08x	42.04x
Big NII (times)
Small NII (times)
RII (times)	49.70x	8.08x
Employee (times)		1.37x
Other (times)
Total (times)	135.46x	17.41x

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