Marine Electricals IPO vs Rajnandini Metal IPO

Comparision between Marine Electricals IPO and Rajnandini Metal IPO.

IPO Details

Marine Electricals IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Rajnandini Metal IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Marine Electricals IPO	Rajnandini Metal IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	Aryaman Financial Services Limited	Corporate Capitalventures Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	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 Marine Electricals IPO is up to ₹42.87 Cr whereas the issue size of the Rajnandini Metal IPO is up to ₹4.27 Cr. The final issue price of Marine Electricals IPO is ₹66.00 per share and of Rajnandini Metal IPO is ₹26.00 per share.

	Marine Electricals IPO	Rajnandini Metal IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹64.00 per share
Issue Price (Upper)	₹66.00 per share
Issue Price (Final)	₹66.00 per share	₹26.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	4000 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	64,96,000 shares	16,44,000 shares
Issue Size Total (Amount)	up to ₹42.87 Cr	up to ₹4.27 Cr

IPO Timetable

Marine Electricals IPO opens on Sep 28, 2018, while Rajnandini Metal IPO opens on Sep 24, 2018. The closing date of Marine Electricals IPO and Rajnandini Metal IPO is Oct 03, 2018, and Sep 27, 2018, respectively.

	Marine Electricals IPO	Rajnandini Metal IPO
Anchor Bid Date
Issue Open	Sep 28, 2018	Sep 24, 2018
Issue Close	Oct 03, 2018	Sep 27, 2018
Basis Of Allotment (Tentative)	Oct 08, 2018
Initiation of Refunds (Tentative)	Oct 09, 2018
Credit of Share (Tentative)	Oct 10, 2018
Listing date (Tentative)	Oct 11, 2018
Anchor Lockin End date 1	Nov 07, 2018
Anchor Lockin End date 2	Jan 06, 2019

Financials

Marine Electricals IPO P/E ratio is , as compared to Rajnandini Metal IPO P/E ratio of .

Marine Electricals IPO

Rajnandini Metal IPO

Financial

Summary of financial Information (Restated Consolidated)
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	35.462.81	22,701.42	14,909.88	14,329.18	12,083.67
Total Revenue	38,345.64	22,365.03	25,169.27	23,839.14	21,485.60
Profit After Tax	1,625.95	1,079.92	935.10	850.34	1,421.17

Summary of financial Information (Restated Standalone)
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	27,701.56	15,733.60	12,379.84	11,955.87	10,518.67
Total Revenue	28,907.08	21,184.40	19,527.44	19,230.42	16,217.76
Profit After Tax	1,172.41	861.14	792.60	552.54	683.68

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	31-Mar-13
Total Assets	3,883.98	4,250.62	3,437.18	3,316.57	4,590.35	3,830.85
Total Revenue	14,115.52	12,730.96	13,654.76	10,983.81	10,437.12	9,010.76
Profit After Tax	102.87	55.21	31.62	55.41	40.74	39.07

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Marine Electricals IPO retail investors (RII) are offered 30,80,000 shares while in Rajnandini Metal IPO retail investors are offered 30,80,000 shares. Qualified institutional buyers (QIB) are offered in Marine Electricals IPO and in Rajnandini Metal IPO.

	Marine Electricals IPO	Rajnandini Metal IPO
Anchor Investor Reserveration
Market Maker Reserveration	3,36,000 shares	84,000 shares
QIB
NII	30,80,000 shares	7,80,000 shares
RII	30,80,000 shares	7,80,000 shares
Employee
Others
Total	61,60,000 shares	15,60,000 shares

Bids Received (Subscription)

Marine Electricals IPO subscribed 1.23x in total, whereas Rajnandini Metal IPO subscribed 1.38x.

	Marine Electricals IPO	Rajnandini Metal IPO
QIB (times)
NII (times)	2.04x	2.38x
Big NII (times)
Small NII (times)
RII (times)	0.43x	0.38x
Employee (times)
Other (times)
Total (times)	1.23x	1.38x

Compare with others

Marine Electricals IPO	Rajnandini Metal IPO
Shubham Polyspin IPO	Vinny Overseas IPO
Dolfin Rubbers IPO	Kritika Wires IPO
Vinny Overseas IPO	Silgo Retail IPO
Kritika Wires IPO	Marine Electricals IPO
Silgo Retail IPO	Parin Furniture IPO
Parin Furniture IPO	Mindpool Technologies IPO
Rajnandini Metal IPO	A1 Acid IPO
Mindpool Technologies IPO	Innovative Ideals IPO
A1 Acid IPO	Mac Hotels IPO
Innovative Ideals IPO	Sky Gold IPO

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