Innovative Ideals IPO vs Spectrum Electrical IPO

Comparision between Innovative Ideals IPO and Spectrum Electrical IPO.

IPO Details

Innovative Ideals IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Spectrum Electrical IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Innovative Ideals IPO	Spectrum Electrical IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	BSE SME	NSE SME
Lead Managers	Pantomath Capital Advisors Pvt Ltd	Arihant Capital Markets 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 Innovative Ideals IPO is up to ₹12.26 Cr whereas the issue size of the Spectrum Electrical IPO is up to ₹25.87 Cr. The final issue price of Innovative Ideals IPO is ₹40.00 per share and of Spectrum Electrical IPO is ₹65.00 per share.

	Innovative Ideals IPO	Spectrum Electrical IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹36.00 per share
Issue Price (Upper)	₹40.00 per share
Issue Price (Final)	₹40.00 per share	₹65.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	2000 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	30,66,000 shares	39,80,000 shares
Issue Size Total (Amount)	up to ₹12.26 Cr	up to ₹25.87 Cr

IPO Timetable

Innovative Ideals IPO opens on Sep 24, 2018, while Spectrum Electrical IPO opens on Sep 17, 2018. The closing date of Innovative Ideals IPO and Spectrum Electrical IPO is Sep 26, 2018, and Sep 21, 2018, respectively.

	Innovative Ideals IPO	Spectrum Electrical IPO
Anchor Bid Date
Issue Open	Sep 24, 2018	Sep 17, 2018
Issue Close	Sep 26, 2018	Sep 21, 2018
Basis Of Allotment (Tentative)	Oct 01, 2018
Initiation of Refunds (Tentative)	Oct 03, 2018
Credit of Share (Tentative)	Oct 04, 2018
Listing date (Tentative)	Oct 05, 2018
Anchor Lockin End date 1	Oct 31, 2018
Anchor Lockin End date 2	Dec 30, 2018

Financials

Innovative Ideals IPO P/E ratio is , as compared to Spectrum Electrical IPO P/E ratio of .

Innovative Ideals IPO

Spectrum Electrical IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Lakhs)
	31-Mar-18	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14
Total Assets	3,479.82	2,287.04	2081.86	2,355.01	4,774.17
Total Revenue	2,031.84	1,074.57	1,217.81	1,245.07	1,281.61
Profit After Tax	308.79	96.76	1.36	15.56	50.26

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Lakhs)
	31-Mar-18	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14
Total Assets	10,763.34	2,506.00	1,491.32	490.27	89.93
Total Revenue	11,983.24	659.77	215.88	13.90	--
Profit After Tax	590.32	53.27	30.03	1.73	(5.39)

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Innovative Ideals IPO retail investors (RII) are offered 14,55,500 shares while in Spectrum Electrical IPO retail investors are offered 14,55,500 shares. Qualified institutional buyers (QIB) are offered in Innovative Ideals IPO and in Spectrum Electrical IPO.

	Innovative Ideals IPO	Spectrum Electrical IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,55,000 shares	2,00,000 shares
QIB
NII	14,55,500 shares	18,90,000 shares
RII	14,55,500 shares	18,90,000 shares
Employee
Others
Total	29,11,000 shares	37,80,000 shares

Bids Received (Subscription)

Innovative Ideals IPO subscribed 1.30x in total, whereas Spectrum Electrical IPO subscribed 1.27x.

	Innovative Ideals IPO	Spectrum Electrical IPO
QIB (times)
NII (times)	1.01x	1.99x
Big NII (times)
Small NII (times)
RII (times)	1.58x	0.56x
Employee (times)
Other (times)
Total (times)	1.30x	1.27x

Compare with others

Innovative Ideals IPO	Spectrum Electrical IPO
Marine Electricals IPO	Innovative Ideals IPO
Parin Furniture IPO	Mac Hotels IPO
Rajnandini Metal IPO	Sky Gold IPO
Mindpool Technologies IPO	Manorama Industries IPO
A1 Acid IPO	Kshitij Polyline IPO
Mac Hotels IPO	Ranjeet Mechatronics IPO
Sky Gold IPO	Akg Exim IPO
Manorama Industries IPO	Rajshree Polypack IPO
Kshitij Polyline IPO	Synergy Green IPO
Spectrum Electrical IPO	Ahlada Engineers IPO

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