Laxmi Goldorna IPO vs RO Jewels IPO

Comparision between Laxmi Goldorna IPO and RO Jewels IPO.

IPO Details

Laxmi Goldorna IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while RO Jewels IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Laxmi Goldorna IPO	RO Jewels 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	Beeline Broking Ltd	First Overseas Capital Limited
Registrar	Kfin Technologies Limited	Kfin Technologies Limited
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 Laxmi Goldorna IPO is up to ₹8.28 Cr whereas the issue size of the RO Jewels IPO is up to ₹4.91 Cr. The final issue price of Laxmi Goldorna IPO is ₹15.00 per share and of RO Jewels IPO is ₹36.00 per share.

	Laxmi Goldorna IPO	RO Jewels IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹15.00 per share	₹36.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	8000 shares	3000 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	55,20,000 shares	13,65,000 shares
Issue Size Total (Amount)	up to ₹8.28 Cr	up to ₹4.91 Cr

IPO Timetable

Laxmi Goldorna IPO opens on Mar 20, 2020, while RO Jewels IPO opens on Mar 12, 2020. The closing date of Laxmi Goldorna IPO and RO Jewels IPO is Apr 03, 2020, and Mar 17, 2020, respectively.

	Laxmi Goldorna IPO	RO Jewels IPO
Anchor Bid Date
Issue Open	Mar 20, 2020	Mar 12, 2020
Issue Close	Apr 03, 2020	Mar 17, 2020
Basis Of Allotment (Tentative)		Mar 20, 2020
Initiation of Refunds (Tentative)		Mar 23, 2020
Credit of Share (Tentative)		Mar 24, 2020
Listing date (Tentative)		Mar 25, 2020
Anchor Lockin End date 1		Apr 19, 2020
Anchor Lockin End date 2		Jun 18, 2020

Financials

Laxmi Goldorna IPO P/E ratio is 39, as compared to RO Jewels IPO P/E ratio of 34.

Laxmi Goldorna IPO

RO Jewels IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (Rs in Lakh)
	30-Sept-19	31-Mar-19	31-Mar-18	31-Mar-17
Total Assets	4,294.28	3,943.94	3,879.01	1,028.52
Total Revenue	3,877.66	7,344.97	6,977.25	5,242.52
Profit After Tax	40.16	66.82	44.06	58.05

Summary of financial Information (Restated)
Particulars	For the year/period ended (Rs in Lakhs)
	30-Sep-19	31-Mar-19	31-Mar-18	31-Mar-17
Total Assets	580.25	179.06	230.49	156.13
Total Revenue	1,047.22	424.34	975.70	574.40
Profit After Tax	15.05	1.49	6.85	5.87

Promoter Shareholding (Pre-Issue)

100%

87.38%

Promoter Shareholding (Post-Issue)

73.54%

45.26%

P/E Ratio

Market Cap

₹31.31 Cr.

₹10.20 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Laxmi Goldorna IPO retail investors (RII) are offered 26,16,000 shares while in RO Jewels IPO retail investors are offered 26,16,000 shares. Qualified institutional buyers (QIB) are offered in Laxmi Goldorna IPO and in RO Jewels IPO.

	Laxmi Goldorna IPO	RO Jewels IPO
Anchor Investor Reserveration
Market Maker Reserveration	2,88,000 shares	69,000 shares
QIB
NII	26,16,000 shares	6,48,000 shares
RII	26,16,000 shares	6,48,000 shares
Employee
Others
Total	52,32,000 shares	12,96,000 shares

Bids Received (Subscription)

Laxmi Goldorna IPO subscribed 1.21x in total, whereas RO Jewels IPO subscribed 1.19x.

	Laxmi Goldorna IPO	RO Jewels IPO
QIB (times)
NII (times)	2.22x	1.95x
Big NII (times)
Small NII (times)
RII (times)	0.20x	0.43x
Employee (times)
Other (times)
Total (times)	1.21x	1.19x

Compare with others

Laxmi Goldorna IPO	RO Jewels IPO
Suratwwala Business IPO	Billwin Industries IPO
Bonlon Industries IPO	DJ Mediaprint IPO
ksolves India IPO	Laxmi Goldorna IPO
Billwin Industries IPO	Cospower Engineering IPO
DJ Mediaprint IPO	Nirmitee Robotics IPO
Cospower Engineering IPO	SM Auto IPO
Nirmitee Robotics IPO	ICL Dairy IPO
RO Jewels IPO	CBC Pharma IPO
SM Auto IPO	Tranway IPO
ICL Dairy IPO	Madhav Copper FPO

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