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Kranti Industries IPO vs Surani Steel IPO

Comparision between Kranti Industries IPO and Surani Steel IPO.

IPO Details

Kranti Industries IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Surani Steel IPO is a SME Book Built Issue proposed to list at NSE SME.

  Kranti Industries IPO Surani Steel IPO
Logo Kranti Industries IPO Logo Surani Steel IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Book Built Issue
Listing At BSE SME NSE SME
Lead Managers Fast Track Finsec Pvt Ltd Pantomath Capital Advisors Pvt Ltd
Registrar Link Intime India Private Ltd Link Intime India Private 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 Kranti Industries IPO is up to ₹8.58 Cr whereas the issue size of the Surani Steel IPO is up to ₹12.92 Cr. The final issue price of Kranti Industries IPO is ₹37.00 per share and of Surani Steel IPO is ₹52.00 per share.

  Kranti Industries IPO Surani Steel IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹51.00 per share
Issue Price (Upper) ₹52.00 per share
Issue Price (Final) ₹37.00 per share ₹52.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 3000 shares 2000 shares
Fresh Issue Size 17,52,000 shares 24,84,000 shares
Fresh Issue Size (Amount) up to ₹6.68 Cr
OFS Issue Size 5,67,000 shares
OFS Issue Size (Amount) up to ₹2.10 Cr
Issue Size Total 23,19,000 shares 24,84,000 shares
Issue Size Total (Amount) up to ₹8.58 Cr up to ₹12.92 Cr

IPO Timetable

Kranti Industries IPO opens on Feb 14, 2019, while Surani Steel IPO opens on Jan 25, 2019. The closing date of Kranti Industries IPO and Surani Steel IPO is Feb 20, 2019, and Jan 29, 2019, respectively.

  Kranti Industries IPO Surani Steel IPO
Anchor Bid Date
Issue Open Feb 14, 2019 Jan 25, 2019
Issue Close Feb 20, 2019 Jan 29, 2019
Basis Of Allotment (Tentative)
Initiation of Refunds (Tentative)
Credit of Share (Tentative)
Listing date (Tentative)
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials

Kranti Industries IPO P/E ratio is , as compared to Surani Steel IPO P/E ratio of .

  Kranti Industries IPO Surani Steel IPO
Financial
Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
30-Sep-18 31-Mar-18 31-Mar-17 31-Mar-16
Total Assets 5,015.10 4,378.06 4,401.16 4,135.49
Total Revenue 3,321.91 4,610.92 2,925.19 2,884.41
Profit After Tax 137.14 89.97 (92.85) (21.02)
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 3,528.36 2,836.35 2,298.30 1,594.83 1,541.34
Total Revenue 10,079.72 7,670.08 6,845.89 5,814.16 3,599.92
Profit After Tax 172.44 99.90 109.60 16.25 (2.99)
Promoter Shareholding (Pre-Issue) 68.18% 20,95,000 Shares (36.12%)
Promoter Shareholding (Post-Issue) 54.61%
P/E Ratio
Market Cap
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Kranti Industries IPO retail investors (RII) are offered 11,01,000 shares while in Surani Steel IPO retail investors are offered 11,01,000 shares. Qualified institutional buyers (QIB) are offered in Kranti Industries IPO and in Surani Steel IPO.

  Kranti Industries IPO Surani Steel IPO
Anchor Investor Reserveration
Market Maker Reserveration 1,17,000 shares 1,26,000 shares
QIB
NII 11,01,000 shares 12,42,000 shares
RII 11,01,000 shares 12,42,000 shares
Employee
Others
Total 22,02,000 shares 23,58,000 shares

Bids Received (Subscription)

Kranti Industries IPO subscribed 1.29x in total, whereas Surani Steel IPO subscribed 1.55x.

  Kranti Industries IPO Surani Steel IPO
QIB (times)
NII (times) 1.26x 1.70x
Big NII (times)
Small NII (times)
RII (times) 1.31x 1.23x
Employee (times)
Other (times)
Total (times) 1.29x 1.55x

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