Interiors and More IPO vs Rudra Gas Enterprise IPO

Comparision between Interiors and More IPO and Rudra Gas Enterprise IPO.

IPO Details

Interiors and More IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Rudra Gas Enterprise IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Interiors and More IPO	Rudra Gas Enterprise IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Gretex Corporate Services Limited	Beeline Capital Advisors Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Link Intime India Private Ltd
Market Maker	Gretex Share Broking Private Limited	Spread X Securities Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Interiors and More IPO is up to ₹42.00 Cr whereas the issue size of the Rudra Gas Enterprise IPO is up to ₹14.16 Cr. The final issue price of Interiors and More IPO is ₹227.00 per share and of Rudra Gas Enterprise IPO is ₹63.00 per share.

	Interiors and More IPO	Rudra Gas Enterprise IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹216.00 per share
Issue Price (Upper)	₹227.00 per share
Issue Price (Final)	₹227.00 per share	₹63.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	600 shares	2000 shares
Fresh Issue Size	18,50,400 shares	22,48,000 shares
Fresh Issue Size (Amount)	up to ₹42.00 Cr	up to ₹14.16 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	18,50,400 shares	22,48,000 shares
Issue Size Total (Amount)	up to ₹42.00 Cr	up to ₹14.16 Cr

IPO Timetable

Interiors and More IPO opens on Feb 15, 2024, while Rudra Gas Enterprise IPO opens on Feb 08, 2024. The closing date of Interiors and More IPO and Rudra Gas Enterprise IPO is Feb 20, 2024, and Feb 12, 2024, respectively.

	Interiors and More IPO	Rudra Gas Enterprise IPO
Anchor Bid Date	Feb 14, 2024
Issue Open	Feb 15, 2024	Feb 08, 2024
Issue Close	Feb 20, 2024	Feb 12, 2024
Basis Of Allotment (Tentative)	Feb 21, 2024	Feb 13, 2024
Initiation of Refunds (Tentative)	Feb 22, 2024	Feb 14, 2024
Credit of Share (Tentative)	Feb 22, 2024	Feb 14, 2024
Listing date (Tentative)	Feb 23, 2024	Feb 15, 2024
Anchor Lockin End date 1	Mar 22, 2024
Anchor Lockin End date 2	May 21, 2024

Financials

Interiors and More IPO P/E ratio is 19.7, as compared to Rudra Gas Enterprise IPO P/E ratio of 10.9.

Interiors and More IPO

Rudra Gas Enterprise IPO

Financial

Interiors and More Limited Financial Information (Restated)

Interiors and More Limited's revenue increased by 153.09% and profit after tax (PAT) rose by 467.64% 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	3,722.59	3,094.63	1,952.13	1,478.30
Revenue	1,853.78	2,527.17	998.53	663.10
Profit After Tax	354.57	592.84	104.44	43.33
Net Worth	1,349.78	995.21	405.07	300.63
Reserves and Surplus	835.28	823.71	233.57	129.13
Total Borrowing	1,645.86	1,439.77	1,297.33	904.02
Amount in ₹ Lakhs

Rudra Gas Enterprise Limited Financial Information (Restated Standalone)

Rudra Gas Enterprise Limited's revenue increased by 12.76% and profit after tax (PAT) rose by 96.21% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Oct 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	4,345.39	3,380.56	2,804.92	1,960.50
Revenue	3,446.81	4,957.02	4,395.95	2,816.96
Profit After Tax	247.41	352.02	179.41	127.05
Net Worth	1,149.10	798.50	446.48	267.07
Reserves and Surplus	540.10	773.50	421.48	242.07
Total Borrowing	1,990.15	1,738.34	1,379.98	1,008.22
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

95.08%

99.99%

Promoter Shareholding (Post-Issue)

69.93%

73.03%

P/E Ratio

19.7

10.9

Market Cap

₹158.80 Cr.

₹52.53 Cr.

ROE

84.68%%

57%%

ROCE

75.58%%

25%%

Debt/Equity

1.45

2.18

EPS

₹11.52

₹5.78

RoNW

59.57%%

44.09%%

Shares Offered

In the Interiors and More IPO retail investors (RII) are offered 6,15,600 shares while in Rudra Gas Enterprise IPO retail investors are offered 6,15,600 shares. Qualified institutional buyers (QIB) are offered 3,51,600 shares in Interiors and More IPO and 0 shares in Rudra Gas Enterprise IPO.

	Interiors and More IPO	Rudra Gas Enterprise IPO
Anchor Investor Reserveration	5,26,200 shares
Market Maker Reserveration	93,000 shares	1,16,000 shares
QIB	3,51,600 shares	0 shares
NII	2,64,000 shares	10,66,000 shares
RII	6,15,600 shares	10,66,000 shares
Employee	0 shares	0 shares
Others
Total	12,31,200 shares	21,32,000 shares

Bids Received (Subscription)

Interiors and More IPO subscribed 11.22x in total, whereas Rudra Gas Enterprise IPO subscribed 350.75x.

	Interiors and More IPO	Rudra Gas Enterprise IPO
QIB (times)	3.54x
NII (times)	30.32x	286.62x
Big NII (times)
Small NII (times)
RII (times)	7.41x	404.38x
Employee (times)
Other (times)
Total (times)	11.22x	350.75x

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Polysil Irrigation Systems IPO	Gabriel Pet Straps IPO
Rudra Gas Enterprise IPO	Mayank Cattle Food IPO

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