GSM Foils IPO vs Hariom Atta & Spices IPO

Comparision between GSM Foils IPO and Hariom Atta & Spices IPO.

IPO Details

GSM Foils IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Hariom Atta & Spices IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	GSM Foils IPO	Hariom Atta & Spices IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	Shreni Shares Limited	GYR Capital Advisors Private Limited
Registrar	Bigshare Services Pvt Ltd	Kfin Technologies Limited
Market Maker	Shreni Shares Limited	Giriraj Stock Broking Private Limited
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 GSM Foils IPO is up to ₹11.01 Cr whereas the issue size of the Hariom Atta & Spices IPO is up to ₹5.54 Cr. The final issue price of GSM Foils IPO is ₹32.00 per share and of Hariom Atta & Spices IPO is ₹48.00 per share.

	GSM Foils IPO	Hariom Atta & Spices IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹32.00 per share	₹48.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	4000 shares	3000 shares
Fresh Issue Size	34,40,000 shares	11,55,000 shares
Fresh Issue Size (Amount)	up to ₹11.01 Cr	up to ₹5.54 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	34,40,000 shares	11,55,000 shares
Issue Size Total (Amount)	up to ₹11.01 Cr	up to ₹5.54 Cr

IPO Timetable

GSM Foils IPO opens on May 24, 2024, while Hariom Atta & Spices IPO opens on May 16, 2024. The closing date of GSM Foils IPO and Hariom Atta & Spices IPO is May 28, 2024, and May 21, 2024, respectively.

	GSM Foils IPO	Hariom Atta & Spices IPO
Anchor Bid Date
Issue Open	May 24, 2024	May 16, 2024
Issue Close	May 28, 2024	May 21, 2024
Basis Of Allotment (Tentative)	May 29, 2024	May 22, 2024
Initiation of Refunds (Tentative)	May 30, 2024	May 23, 2024
Credit of Share (Tentative)	May 30, 2024	May 23, 2024
Listing date (Tentative)	May 31, 2024	May 24, 2024
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials

GSM Foils IPO P/E ratio is 20.98, as compared to Hariom Atta & Spices IPO P/E ratio of 21.95.

GSM Foils IPO

Hariom Atta & Spices IPO

Financial

GSM Foils Limited Financial Information (Restated)

GSM Foils Limited's revenue decreased by -8.3% and profit after tax (PAT) rose by 124.62% 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	2,208.18	1,438.18	1,050.65	720.57
Revenue	2,717.87	6,588.69	7,185.04	3,646.23
Profit After Tax	124.79	142.97	63.65	33.93
Net Worth	126.99	835.73	659.06	657.82
Reserves and Surplus	124.79
Total Borrowing	1,412.95	242.43	219.20
Amount in ₹ Lakhs

HOAC Foods India Limited Financial Information (Restated)

HOAC Foods India Limited's revenue increased by 11.43% and profit after tax (PAT) rose by 115.11% 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	766.40	491.72	359.71	208.33
Revenue	1,154.71	1,219.05	1,094.03	746.28
Profit After Tax	74.50	58.79	27.33	12.85
Net Worth	315.73	156.86	98.07	32.26
Reserves and Surplus	46.91	135.16	76.37	22.26
Total Borrowing	204.05	190.38	147.50	128.08
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.99%

Promoter Shareholding (Post-Issue)

73.14%

69.95%

P/E Ratio

20.98

21.95

Market Cap

₹41.00 Cr.

₹18.45 Cr.

ROE

23.62%%

23.60%%

ROCE

1.60%%

23.43%%

Debt/Equity

11.13

0.27

EPS

₹1.53

₹2.19

RoNW

98.27%%

23.60%%

Shares Offered

In the GSM Foils IPO retail investors (RII) are offered 16,32,000 shares while in Hariom Atta & Spices IPO retail investors are offered 16,32,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in GSM Foils IPO and 0 shares in Hariom Atta & Spices IPO.

	GSM Foils IPO	Hariom Atta & Spices IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,76,000 shares	93,000 shares
QIB	0 shares	0 shares
NII	16,32,000 shares	5,31,000 shares
RII	16,32,000 shares	5,31,000 shares
Employee	0 shares	0 shares
Others
Total	32,64,000 shares	10,62,000 shares

Bids Received (Subscription)

GSM Foils IPO subscribed 257.30x in total, whereas Hariom Atta & Spices IPO subscribed 2,013.64x.

	GSM Foils IPO	Hariom Atta & Spices IPO
QIB (times)
NII (times)	259.51x	1,432.60x
Big NII (times)
Small NII (times)
RII (times)	247.10x	2,556.46x
Employee (times)
Other (times)
Total (times)	257.30x	2,013.64x

Compare with others

GSM Foils IPO	Hariom Atta & Spices IPO
Associated Coaters IPO	Ztech India IPO
TBI Corn IPO	Aimtron Electronics IPO
Ztech India IPO	Beacon Trusteeship IPO
Aimtron Electronics IPO	GSM Foils IPO
Beacon Trusteeship IPO	Vilas Transcore IPO
Vilas Transcore IPO	Rulka Electricals IPO
Hariom Atta & Spices IPO	Quest Laboratories IPO
Rulka Electricals IPO	Piotex Industries IPO
Quest Laboratories IPO	Veritaas Advertising IPO
Piotex Industries IPO	Indian Emulsifier IPO

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