GPES Solar IPO vs Medicamen Organics IPO

Comparision between GPES Solar IPO and Medicamen Organics IPO.

IPO Details

GPES Solar IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Medicamen Organics IPO is a SME Book Built Issue proposed to list at NSE SME.

	GPES Solar IPO	Medicamen Organics IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Corporate Capitalventures Pvt Ltd	GYR Capital Advisors Private Limited
Registrar	Bigshare Services Pvt Ltd	Kfin Technologies Limited
Market Maker	Ss Corporate Securities Limited	Giriraj Stock Broking Private Limited
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 GPES Solar IPO is up to ₹30.79 Cr whereas the issue size of the Medicamen Organics IPO is up to ₹10.54 Cr. The final issue price of GPES Solar IPO is ₹94.00 per share and of Medicamen Organics IPO is ₹34.00 per share.

	GPES Solar IPO	Medicamen Organics IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹90.00 per share	₹32.00 per share
Issue Price (Upper)	₹94.00 per share	₹34.00 per share
Issue Price (Final)	₹94.00 per share	₹34.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	4000 shares
Fresh Issue Size	32,76,000 shares	31,00,000 shares
Fresh Issue Size (Amount)	up to ₹30.79 Cr	up to ₹10.54 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	32,76,000 shares	31,00,000 shares
Issue Size Total (Amount)	up to ₹30.79 Cr	up to ₹10.54 Cr

IPO Timetable

GPES Solar IPO opens on Jun 14, 2024, while Medicamen Organics IPO opens on Jun 21, 2024. The closing date of GPES Solar IPO and Medicamen Organics IPO is Jun 19, 2024, and Jun 25, 2024, respectively.

	GPES Solar IPO	Medicamen Organics IPO
Anchor Bid Date	Jun 13, 2024	Jun 20, 2024
Issue Open	Jun 14, 2024	Jun 21, 2024
Issue Close	Jun 19, 2024	Jun 25, 2024
Basis Of Allotment (Tentative)	Jun 20, 2024	Jun 26, 2024
Initiation of Refunds (Tentative)	Jun 21, 2024	Jun 27, 2024
Credit of Share (Tentative)	Jun 21, 2024	Jun 27, 2024
Listing date (Tentative)	Jun 24, 2024	Jun 28, 2024
Anchor Lockin End date 1	Jul 20, 2024	Jul 26, 2024
Anchor Lockin End date 2	Sep 18, 2024	Sep 24, 2024

Financials

GPES Solar IPO P/E ratio is 21.44, as compared to Medicamen Organics IPO P/E ratio of 30.53.

GPES Solar IPO

Medicamen Organics IPO

Financial

GP Eco Solutions India Limited Financial Information (Restated)

GP Eco Solutions India Limited's revenue increased by 25.08% and profit after tax (PAT) rose by 33.43% 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	4,728.75	4,715.19	1,904.89	1,429.81
Revenue	7,858.88	10,447.63	8,352.99	4,652.91
Profit After Tax	473.27	369.82	277.17	96.94
Net Worth	1,298.08	824.81	454.98	177.81
Reserves and Surplus	578.08	804.81	434.98	157.81
Total Borrowing	1,544.79	1,316.52	517.55	351.37
Amount in ₹ Lakhs

Medicamen Organics Limited Financial Information (Restated)

Medicamen Organics Limited's revenue increased by 10.13% and profit after tax (PAT) rose by 151% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	3,858.07	3,211.98	2,707.21	2,634.37
Revenue	2,528.96	2,296.24	2,118.67	2,505.96
Profit After Tax	240.41	95.78	9.23	29.81
Net Worth	1,518.40	851.71	755.92	746.72
Reserves and Surplus	658.40	251.71	155.92	146.72
Total Borrowing	1,265.65	1,179.50	1,024.57	958.97
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

86.4%

81.21%

Promoter Shareholding (Post-Issue)

62.23%

P/E Ratio

21.44

30.53

Market Cap

₹110.08 Cr.

₹39.78 Cr.

ROE

44.59%%

19.90%%

ROCE

26.51%%

14.50%%

Debt/Equity

1.11

0.83

EPS

₹4.38

₹1.11

RoNW

42.70%%

15.83%

Shares Offered

In the GPES Solar IPO retail investors (RII) are offered 10,32,000 shares while in Medicamen Organics IPO retail investors are offered 10,32,000 shares. Qualified institutional buyers (QIB) are offered 5,89,200 shares in GPES Solar IPO and 5,84,000 shares in Medicamen Organics IPO.

	GPES Solar IPO	Medicamen Organics IPO
Anchor Investor Reserveration	8,83,200 shares	8,76,000 shares
Market Maker Reserveration	3,27,600 shares	1,72,000 shares
QIB	5,89,200 shares	5,84,000 shares
NII	4,44,000 shares	4,40,000 shares
RII	10,32,000 shares	10,28,000 shares
Employee	0 shares	0 shares
Others
Total	20,65,200 shares	20,52,000 shares

Bids Received (Subscription)

GPES Solar IPO subscribed 856.21x in total, whereas Medicamen Organics IPO subscribed 993.56x.

	GPES Solar IPO	Medicamen Organics IPO
QIB (times)	236.64x	173.03x
NII (times)	1,824.87x	1,343.83x
Big NII (times)
Small NII (times)
RII (times)	793.20x	1,309.77x
Employee (times)
Other (times)
Total (times)	856.21x	993.56x

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GPES Solar IPO	Medicamen Organics IPO
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Associated Coaters IPO	GPES Solar IPO

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