Laxmi Goldorna IPO vs SM Auto IPO

Comparision between Laxmi Goldorna IPO and SM Auto IPO.

IPO Details

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

	Laxmi Goldorna IPO	SM Auto 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	Hem Securities Limited
Registrar	Kfin Technologies Limited	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 Laxmi Goldorna IPO is up to ₹8.28 Cr whereas the issue size of the SM Auto IPO is up to ₹6.91 Cr. The final issue price of Laxmi Goldorna IPO is ₹15.00 per share and of SM Auto IPO is ₹18.00 per share.

	Laxmi Goldorna IPO	SM Auto IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹15.00 per share	₹18.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	8000 shares	8000 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	55,20,000 shares	38,40,000 shares
Issue Size Total (Amount)	up to ₹8.28 Cr	up to ₹6.91 Cr

IPO Timetable

Laxmi Goldorna IPO opens on Mar 20, 2020, while SM Auto IPO opens on Mar 03, 2020. The closing date of Laxmi Goldorna IPO and SM Auto IPO is Apr 03, 2020, and Mar 05, 2020, respectively.

	Laxmi Goldorna IPO	SM Auto IPO
Anchor Bid Date
Issue Open	Mar 20, 2020	Mar 03, 2020
Issue Close	Apr 03, 2020	Mar 05, 2020
Basis Of Allotment (Tentative)		Mar 11, 2020
Initiation of Refunds (Tentative)		Mar 12, 2020
Credit of Share (Tentative)		Mar 13, 2020
Listing date (Tentative)		Mar 16, 2020
Anchor Lockin End date 1		Apr 10, 2020
Anchor Lockin End date 2		Jun 09, 2020

Financials

Laxmi Goldorna IPO P/E ratio is 39, as compared to SM Auto IPO P/E ratio of 300.

Laxmi Goldorna IPO

SM Auto 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-Sept-19 (for 6 months)	31-Mar-19	31-Mar-18	31-Mar-17
Total Assets	4,725.75	5,332.17	5,289.03	5,252.40
Total Revenue	3,221.67	7,630.09	6,589.74	5,336.30
Profit After Tax	4,70	265.40	84.00	(173.11)

Promoter Shareholding (Pre-Issue)

100%

99.99%

Promoter Shareholding (Post-Issue)

73.54%

73.11%

P/E Ratio

300

Market Cap

₹31.31 Cr.

₹25.72 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 SM Auto IPO retail investors are offered 26,16,000 shares. Qualified institutional buyers (QIB) are offered in Laxmi Goldorna IPO and in SM Auto IPO.

	Laxmi Goldorna IPO	SM Auto IPO
Anchor Investor Reserveration
Market Maker Reserveration	2,88,000 shares	36,00,000 shares
QIB
NII	26,16,000 shares	18,20,000 shares
RII	26,16,000 shares	18,20,000 shares
Employee
Others
Total	52,32,000 shares	36,40,000 shares

Bids Received (Subscription)

Laxmi Goldorna IPO subscribed 1.21x in total, whereas SM Auto IPO subscribed 1.34x.

	Laxmi Goldorna IPO	SM Auto IPO
QIB (times)
NII (times)	2.22x	2.21x
Big NII (times)
Small NII (times)
RII (times)	0.20x	0.47x
Employee (times)
Other (times)
Total (times)	1.21x	1.34x

Compare with others

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

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