Italian Edibles IPO vs Rudra Gas Enterprise IPO

Comparision between Italian Edibles IPO and Rudra Gas Enterprise IPO.

IPO Details

Italian Edibles 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.

	Italian Edibles IPO	Rudra Gas Enterprise IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	First Overseas Capital Limited	Beeline Capital Advisors Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Link Intime India Private Ltd
Market Maker	Nikunj Stock Brokers Limited	Spread X Securities 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 Italian Edibles IPO is up to ₹26.66 Cr whereas the issue size of the Rudra Gas Enterprise IPO is up to ₹14.16 Cr. The final issue price of Italian Edibles IPO is ₹68.00 per share and of Rudra Gas Enterprise IPO is ₹63.00 per share.

	Italian Edibles IPO	Rudra Gas Enterprise IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹68.00 per share	₹63.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	2000 shares
Fresh Issue Size	39,20,000 shares	22,48,000 shares
Fresh Issue Size (Amount)	up to ₹26.66 Cr	up to ₹14.16 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	39,20,000 shares	22,48,000 shares
Issue Size Total (Amount)	up to ₹26.66 Cr	up to ₹14.16 Cr

IPO Timetable

Italian Edibles IPO opens on Feb 02, 2024, while Rudra Gas Enterprise IPO opens on Feb 08, 2024. The closing date of Italian Edibles IPO and Rudra Gas Enterprise IPO is Feb 07, 2024, and Feb 12, 2024, respectively.

	Italian Edibles IPO	Rudra Gas Enterprise IPO
Anchor Bid Date
Issue Open	Feb 02, 2024	Feb 08, 2024
Issue Close	Feb 07, 2024	Feb 12, 2024
Basis Of Allotment (Tentative)	Feb 08, 2024	Feb 13, 2024
Initiation of Refunds (Tentative)	Feb 09, 2024	Feb 14, 2024
Credit of Share (Tentative)	Feb 09, 2024	Feb 14, 2024
Listing date (Tentative)	Feb 12, 2024	Feb 15, 2024
Anchor Lockin End date 1	Mar 09, 2024
Anchor Lockin End date 2	May 08, 2024

Financials

Italian Edibles IPO P/E ratio is 27.94, as compared to Rudra Gas Enterprise IPO P/E ratio of 10.9.

Italian Edibles IPO

Rudra Gas Enterprise IPO

Financial

Italian Edibles Limited Financial Information (Restated)

Italian Edibles Limited's revenue decreased by -16.1% and profit after tax (PAT) rose by 229.4% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Aug 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	4,824.64	4,155.24	3,905.45	3,946.43
Revenue	3,052.16	6,330.09	7,545.25	4,899.44
Profit After Tax	209.68	264.21	80.21	86.52
Net Worth	1,287.92	1,078.24	814.03	583.82
Reserves and Surplus	202.21	906.82	642.60	433.82
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)

100.00%

99.99%

Promoter Shareholding (Post-Issue)

73.47%

73.03%

P/E Ratio

27.94

10.9

Market Cap

₹100.48 Cr.

₹52.53 Cr.

ROE

24.50%%

57%%

ROCE

19.32%%

25%%

Debt/Equity

1.6

2.18

EPS

₹2.43

₹5.78

RoNW

24.50%%

44.09%%

Shares Offered

In the Italian Edibles IPO retail investors (RII) are offered 18,60,000 shares while in Rudra Gas Enterprise IPO retail investors are offered 18,60,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Italian Edibles IPO and 0 shares in Rudra Gas Enterprise IPO.

	Italian Edibles IPO	Rudra Gas Enterprise IPO
Anchor Investor Reserveration
Market Maker Reserveration	2,00,000 shares	1,16,000 shares
QIB	0 shares	0 shares
NII	18,60,000 shares	10,66,000 shares
RII	18,60,000 shares	10,66,000 shares
Employee	0 shares	0 shares
Others
Total	37,20,000 shares	21,32,000 shares

Bids Received (Subscription)

Italian Edibles IPO subscribed 154.43x in total, whereas Rudra Gas Enterprise IPO subscribed 350.75x.

	Italian Edibles IPO	Rudra Gas Enterprise IPO
QIB (times)
NII (times)	177.37x	286.62x
Big NII (times)
Small NII (times)
RII (times)	120.62x	404.38x
Employee (times)
Other (times)
Total (times)	154.43x	350.75x

Compare with others

Italian Edibles IPO	Rudra Gas Enterprise IPO
Kalahridhaan Trendz IPO	Interiors and More IPO
Polysil Irrigation Systems IPO	Atmastco IPO
Rudra Gas Enterprise IPO	Thaai Casting IPO
WTI Cabs IPO	Kalahridhaan Trendz IPO
Alpex Solar IPO	Polysil Irrigation Systems IPO
Gabriel Pet Straps IPO	WTI Cabs IPO
Mayank Cattle Food IPO	Alpex Solar IPO
Docmode Health Technologies IPO	Italian Edibles IPO
Harshdeep Hortico IPO	Gabriel Pet Straps IPO
Megatherm Induction IPO	Mayank Cattle Food IPO

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