Gajanand International IPO vs Popular Foundations IPO

Comparision between Gajanand International IPO and Popular Foundations IPO.

IPO Details

Gajanand International IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Popular Foundations IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Gajanand International IPO	Popular Foundations 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	Fast Track Finsec Pvt Ltd	Srujan Alpha Capital Advisors Llp
Registrar	Skyline Financial Services Private Ltd	Bigshare Services Pvt Ltd
Market Maker	Nikunj Stock Brokers Limited	Spread X Securities Private Limited
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 Gajanand International IPO is up to ₹20.65 Cr whereas the issue size of the Popular Foundations IPO is up to ₹19.87 Cr. The final issue price of Gajanand International IPO is ₹36.00 per share and of Popular Foundations IPO is ₹37.00 per share.

	Gajanand International IPO	Popular Foundations IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹36.00 per share	₹37.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	3000 shares
Fresh Issue Size	57,36,000 shares	53,70,000 shares
Fresh Issue Size (Amount)	up to ₹20.65 Cr	up to ₹19.87 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	57,36,000 shares	53,70,000 shares
Issue Size Total (Amount)	up to ₹20.65 Cr	up to ₹19.87 Cr

IPO Timetable

Gajanand International IPO opens on Sep 09, 2024, while Popular Foundations IPO opens on Sep 13, 2024. The closing date of Gajanand International IPO and Popular Foundations IPO is Sep 11, 2024, and Sep 19, 2024, respectively.

	Gajanand International IPO	Popular Foundations IPO
Anchor Bid Date
Issue Open	Sep 09, 2024	Sep 13, 2024
Issue Close	Sep 11, 2024	Sep 19, 2024
Basis Of Allotment (Tentative)	Sep 12, 2024	Sep 20, 2024
Initiation of Refunds (Tentative)	Sep 13, 2024	Sep 23, 2024
Credit of Share (Tentative)	Sep 13, 2024	Sep 23, 2024
Listing date (Tentative)	Sep 16, 2024	Sep 24, 2024
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials

Gajanand International IPO P/E ratio is 21.08, as compared to Popular Foundations IPO P/E ratio of 15.97.

Gajanand International IPO

Popular Foundations IPO

Financial

Gajanand International Limited Financial Information (Restated)

Gajanand International Limited's revenue increased by 48% and profit after tax (PAT) rose by 59% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	3,931.1	1,900.58	1,944.36
Revenue	10,874.81	7,342.4	6,176.21
Profit After Tax	223.73	141.06	2.85
Net Worth	1,771.36	547.62	406.57
Reserves and Surplus	461.4	505.75	364.7
Total Borrowing	1,207.07	1,179.48	1,465.28
Amount in ₹ Lakhs

Popular Foundations Limited Financial Information (Restated)

Popular Foundations Limited's revenue increased by 7% and profit after tax (PAT) rose by 191% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	6,354.87	4,864.7	4,929.49
Revenue	5,191	4,866.89	2,630.17
Profit After Tax	347.76	119.61	48.08
Net Worth	2,313.11	1,483.69	1,384.08
Reserves and Surplus	812.31	1,383.69	1,284.08
Total Borrowing	1,578.4	1,753.99	1,835.37
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

90.50%

83.36%

Promoter Shareholding (Post-Issue)

62.34%

61.39%

P/E Ratio

21.08

15.97

Market Cap

₹67.81 Cr.

₹75.40 Cr.

ROE

19.30%%

23.17%%

ROCE

29.72%%

22.77%%

Debt/Equity

0.68

EPS

₹1.71

₹2.32

RoNW

19.30%%

15.03%%

Shares Offered

In the Gajanand International IPO retail investors (RII) are offered 27,24,000 shares while in Popular Foundations IPO retail investors are offered 27,24,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Gajanand International IPO and 0 shares in Popular Foundations IPO.

	Gajanand International IPO	Popular Foundations IPO
Anchor Investor Reserveration
Market Maker Reserveration	2,88,000 shares	2,70,000 shares
QIB	0 shares	0 shares
NII	27,24,000 shares	25,50,000 shares
RII	27,24,000 shares	25,50,000 shares
Employee	0 shares	0 shares
Others
Total	54,48,000 shares	51,00,001 shares

Bids Received (Subscription)

Gajanand International IPO subscribed 15.27x in total, whereas Popular Foundations IPO subscribed 9.21x.

	Gajanand International IPO	Popular Foundations IPO
QIB (times)
NII (times)	5.79x	3.54x
Big NII (times)
Small NII (times)
RII (times)	24.18x	14.89x
Employee (times)
Other (times)
Total (times)	15.27x	9.21x

Compare with others

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Popular Foundations IPO	SD Retail IPO
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Share Samadhan IPO	Envirotech Systems IPO
Shubhshree Biofuels Energy IPO	Trafiksol ITS Technologies IPO
Aditya Ultra Steel IPO	Gajanand International IPO

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