Goel Food Products IPO vs Rachana Infrastructure IPO

Comparision between Goel Food Products IPO and Rachana Infrastructure IPO.

IPO Details

Goel Food Products IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Rachana Infrastructure IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Goel Food Products IPO	Rachana Infrastructure IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	NSE SME
Lead Managers	Gretex Corporate Services Limited	Interactive Financial Services Ltd
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 Goel Food Products IPO is up to ₹7.21 Cr whereas the issue size of the Rachana Infrastructure IPO is up to ₹76.28 Cr. The final issue price of Goel Food Products IPO is ₹72.00 per share and of Rachana Infrastructure IPO is ₹135.00 per share.

	Goel Food Products IPO	Rachana Infrastructure IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹72.00 per share	₹135.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	1000 shares
Fresh Issue Size	5,00,800 shares	28,25,000 shares
Fresh Issue Size (Amount)	up to ₹3.61 Cr	up to ₹38.14 Cr
OFS Issue Size	5,00,800 shares	28,25,000 shares
OFS Issue Size (Amount)	up to ₹3.61 Cr	up to ₹38.14 Cr
Issue Size Total	10,01,600 shares	56,50,000 shares
Issue Size Total (Amount)	up to ₹7.21 Cr	up to ₹76.28 Cr

IPO Timetable

Goel Food Products IPO opens on Jun 15, 2022, while Rachana Infrastructure IPO opens on May 20, 2022. The closing date of Goel Food Products IPO and Rachana Infrastructure IPO is Jun 20, 2022, and Jun 02, 2022, respectively.

	Goel Food Products IPO	Rachana Infrastructure IPO
Anchor Bid Date
Issue Open	Jun 15, 2022	May 20, 2022
Issue Close	Jun 20, 2022	Jun 02, 2022
Basis Of Allotment (Tentative)	Jun 23, 2022
Initiation of Refunds (Tentative)	Jun 24, 2022
Credit of Share (Tentative)	Jun 27, 2022
Listing date (Tentative)	Jun 28, 2022
Anchor Lockin End date 1	Jul 23, 2022
Anchor Lockin End date 2	Sep 21, 2022

Financials

Goel Food Products IPO P/E ratio is 10.84, as compared to Rachana Infrastructure IPO P/E ratio of 138.

Goel Food Products IPO

Rachana Infrastructure IPO

Financial

Goel Food Products Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-19	2903.58	1386.7	148.38	741.93	660.19
31-Mar-20	3532.84	1606.84	63.1	754.48	672.74
31-Mar-21	2654.34	753.85	-0.76	753.73	671.99
31-Dec-21	4563.02	1200.68	187.65	941.38	859.64
Amount in ₹ Lakhs

Summary of financial Information (Restated Standalone)
Particulars	For the year/period ended (₹ in Lakhs)
	31-Dec-21	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	8,784.50	8,043.07	10,618.21	7,981.82
Total Revenue	4,171.07	10,705.67	15,840.55	11,393.32
Profit After Tax	139.85	455.31	597.13	466.45

Promoter Shareholding (Pre-Issue)

99.98%

83.44%

Promoter Shareholding (Post-Issue)

73.41%

P/E Ratio

10.84

138

Market Cap

₹27.15 Cr.

₹256.75 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Goel Food Products IPO retail investors (RII) are offered 4,75,200 shares while in Rachana Infrastructure IPO retail investors are offered 4,75,200 shares. Qualified institutional buyers (QIB) are offered in Goel Food Products IPO and in Rachana Infrastructure IPO.

	Goel Food Products IPO	Rachana Infrastructure IPO
Anchor Investor Reserveration
Market Maker Reserveration	51,200 shares	2,84,000 shares
QIB
NII	4,75,200 shares	26,83,000 shares
RII	4,75,200 shares	26,83,000 shares
Employee
Others
Total	9,50,400 shares	53,66,000 shares

Bids Received (Subscription)

Goel Food Products IPO subscribed 1.64x in total, whereas Rachana Infrastructure IPO subscribed 1.21x.

	Goel Food Products IPO	Rachana Infrastructure IPO
QIB (times)
NII (times)	1.21x	1.82x
Big NII (times)
Small NII (times)
RII (times)	2.07x	0.60x
Employee (times)
Other (times)
Total (times)	1.64x	1.21x

Compare with others

Goel Food Products IPO	Rachana Infrastructure IPO
Sailani Tours N Travels IPO	Goel Food Products IPO
Mangalam Worldwide IPO	Scarnose International IPO
Modis Navnirman IPO	Silver Pearl Hospitality IPO
Pearl Green Clubs and Resorts IPO	Fidel Softech IPO
KCK Industries IPO	Globesecure Technologies IPO
Scarnose International IPO	Sonu Infratech IPO
Silver Pearl Hospitality IPO	Nanavati Ventures IPO
Fidel Softech IPO	Fone4 Communications IPO
Globesecure Technologies IPO	Le Merite Exports IPO
Rachana Infrastructure IPO	Shashwat Furnishing Solutions IPO

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