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Laxmi Goldorna IPO vs Suratwwala Business IPO

Comparision between Laxmi Goldorna IPO and Suratwwala Business IPO.

IPO Details

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

  Laxmi Goldorna IPO Suratwwala Business IPO
Logo Laxmi Goldorna IPO Logo Suratwwala Business 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 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 Laxmi Goldorna IPO is up to ₹8.28 Cr whereas the issue size of the Suratwwala Business IPO is up to ₹6.90 Cr. The final issue price of Laxmi Goldorna IPO is ₹15.00 per share and of Suratwwala Business IPO is ₹15.00 per share.

  Laxmi Goldorna IPO Suratwwala Business IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final) ₹15.00 per share ₹15.00 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 46,00,000 shares
Issue Size Total (Amount) up to ₹8.28 Cr up to ₹6.90 Cr

IPO Timetable

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

  Laxmi Goldorna IPO Suratwwala Business IPO
Anchor Bid Date
Issue Open Mar 20, 2020 Aug 03, 2020
Issue Close Apr 03, 2020 Aug 05, 2020
Basis Of Allotment (Tentative) Aug 10, 2020
Initiation of Refunds (Tentative) Aug 11, 2020
Credit of Share (Tentative) Aug 12, 2020
Listing date (Tentative) Aug 13, 2020
Anchor Lockin End date 1 Sep 09, 2020
Anchor Lockin End date 2 Nov 08, 2020

Financials

Laxmi Goldorna IPO P/E ratio is 39, as compared to Suratwwala Business IPO P/E ratio of 83.

  Laxmi Goldorna IPO Suratwwala Business 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)
31-March-20 31-Mar-19 31-Mar-18 31-Mar-17
Total Assets 5,390.82 4,487.52 3,129.14 2,752.49
Total Revenue 1,088.35 912.62 1,119.91 1,657.82
Profit After Tax 32.46 85.86 296.49 214.38
Promoter Shareholding (Pre-Issue) 100% 99.92%
Promoter Shareholding (Post-Issue) 73.54% 73.42%
P/E Ratio 39 83
Market Cap ₹31.31 Cr. ₹26.01 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 Suratwwala Business IPO retail investors are offered 26,16,000 shares. Qualified institutional buyers (QIB) are offered in Laxmi Goldorna IPO and in Suratwwala Business IPO.

  Laxmi Goldorna IPO Suratwwala Business IPO
Anchor Investor Reserveration
Market Maker Reserveration 2,88,000 shares 2,40,000 shares
QIB
NII 26,16,000 shares 21,80,000 shares
RII 26,16,000 shares 21,80,000 shares
Employee
Others
Total 52,32,000 shares 43,60,000 shares

Bids Received (Subscription)

Laxmi Goldorna IPO subscribed 1.21x in total, whereas Suratwwala Business IPO subscribed 1.31x.

  Laxmi Goldorna IPO Suratwwala Business IPO
QIB (times)
NII (times) 2.22x 2.35x
Big NII (times)
Small NII (times)
RII (times) 0.20x 0.28x
Employee (times)
Other (times)
Total (times) 1.21x 1.31x

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