Gopal Namkeen IPO vs SRM Contractors IPO

Comparision between Gopal Namkeen IPO and SRM Contractors IPO.

IPO Details

Gopal Namkeen IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while SRM Contractors IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Gopal Namkeen IPO	SRM Contractors 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	Intensive Fiscal Services Private Limited Axis Capital Limited Jm Financial Limited	Interactive Financial Services Ltd
Registrar	Link Intime India Private Ltd	Bigshare Services Pvt Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Gopal Namkeen IPO is up to ₹650.00 Cr whereas the issue size of the SRM Contractors IPO is up to ₹130.20 Cr. The final issue price of Gopal Namkeen IPO is ₹401.00 per share and of SRM Contractors IPO is ₹210.00 per share.

	Gopal Namkeen IPO	SRM Contractors IPO
Face Value	₹1 per share	₹10 per share
Issue Price (Lower)	₹381.00 per share	₹200.00 per share
Issue Price (Upper)	₹401.00 per share	₹210.00 per share
Issue Price (Final)	₹401.00 per share	₹210.00 per share
Discount (Retail)
Discount (Employee)	₹38.00 per share
Market Lot Size	37 shares	70 shares
Fresh Issue Size		62,00,000 shares
Fresh Issue Size (Amount)		up to ₹130.20 Cr
OFS Issue Size	1,62,18,612 shares
OFS Issue Size (Amount)	up to ₹650.00 Cr
Issue Size Total	1,62,18,612 shares	62,00,000 shares
Issue Size Total (Amount)	up to ₹650.00 Cr	up to ₹130.20 Cr

IPO Timetable

Gopal Namkeen IPO opens on Mar 06, 2024, while SRM Contractors IPO opens on Mar 26, 2024. The closing date of Gopal Namkeen IPO and SRM Contractors IPO is Mar 11, 2024, and Mar 28, 2024, respectively.

	Gopal Namkeen IPO	SRM Contractors IPO
Anchor Bid Date	Mar 05, 2024	Mar 22, 2024
Issue Open	Mar 06, 2024	Mar 26, 2024
Issue Close	Mar 11, 2024	Mar 28, 2024
Basis Of Allotment (Tentative)	Mar 12, 2024	Apr 01, 2024
Initiation of Refunds (Tentative)	Mar 13, 2024	Apr 02, 2024
Credit of Share (Tentative)	Mar 13, 2024	Apr 02, 2024
Listing date (Tentative)	Mar 14, 2024	Apr 03, 2024
Anchor Lockin End date 1	Apr 11, 2024	May 01, 2024
Anchor Lockin End date 2	Jun 10, 2024	Jun 30, 2024

Financials

Gopal Namkeen IPO P/E ratio is 44.47, as compared to SRM Contractors IPO P/E ratio of 18.76.

Gopal Namkeen IPO

SRM Contractors IPO

Financial

Gopal Snacks Limited Financial Information (Restated)

Gopal Snacks Limited's revenue increased by 3.1% and profit after tax (PAT) rose by 170.52% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	434.54	461.28	399.72	341.89
Revenue	677.97	1,398.54	1,356.48	1,129.84
Profit After Tax	55.57	112.37	41.54	21.12
Net Worth	346.10	290.88	177.66	135.74
Reserves and Surplus	333.17	277.60	176.56	135.03
Total Borrowing	26.05	106.37	164.12	138.99
Amount in ₹ Crore

SRM Contractors Limited Financial Information (Restated Consolidated)

SRM Contractors Limited's revenue increased by 13.24% and profit after tax (PAT) rose by 6.71% 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	168.87	137.36	120.22	112.47
Revenue	242.28	300.65	265.51	161.95
Profit After Tax	21.07	18.75	17.57	8.27
Net Worth	37.24	63.16	44.41	26.85
Reserves and Surplus	67.48	46.41	42.89	25.32
Total Borrowing	42.32	47.16	31.52	31.96
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

93.50%

99.92%

Promoter Shareholding (Post-Issue)

81.49%

72.92%

P/E Ratio

44.47

18.76

Market Cap

₹4996.64 Cr.

₹481.83 Cr.

ROE

16.05%%

ROCE

20.83%%

29.43%%

Debt/Equity

0.08

0.5

EPS

₹9.02

₹11.20

RoNW

16.05%%

25.02%%

Shares Offered

In the Gopal Namkeen IPO retail investors (RII) are offered 56,42,768 shares while in SRM Contractors IPO retail investors are offered 56,42,768 shares. Qualified institutional buyers (QIB) are offered 32,24,439 shares in Gopal Namkeen IPO and 12,40,100 shares in SRM Contractors IPO.

	Gopal Namkeen IPO	SRM Contractors IPO
Anchor Investor Reserveration	48,36,657 shares	18,59,900 shares
Market Maker Reserveration
QIB	32,24,439 shares	12,40,100 shares
NII	24,18,329 shares	9,30,000 shares
RII	56,42,768 shares	21,70,000 shares
Employee	96,419 shares	0 shares
Others
Total	1,13,81,955 shares	43,40,100 shares

Bids Received (Subscription)

Gopal Namkeen IPO subscribed 9.50x in total, whereas SRM Contractors IPO subscribed 86.57x.

	Gopal Namkeen IPO	SRM Contractors IPO
QIB (times)	18.42x	59.59x
NII (times)	10.00x	214.94x
Big NII (times)	10.72x	220.57x
Small NII (times)	8.12x	203.67x
RII (times)	4.22x	46.97x
Employee (times)	7.27x
Other (times)
Total (times)	9.50x	86.57x

Compare with others

Gopal Namkeen IPO	SRM Contractors IPO
JNK India IPO	TBO Tek IPO
VI FPO	Indegene IPO
Bharti Hexacom IPO	JNK India IPO
SRM Contractors IPO	VI FPO
Popular Vehicles & Services IPO	Bharti Hexacom IPO
Krystal Integrated Services IPO	Popular Vehicles & Services IPO
JG Chemicals IPO	Gopal Namkeen IPO
Bharat Highways InvIT	Krystal Integrated Services IPO
GPT Healthcare IPO	JG Chemicals IPO
Juniper Hotels IPO	Bharat Highways InvIT

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