Innovative Ideals IPO vs Rajnandini Metal IPO

Comparision between Innovative Ideals IPO and Rajnandini Metal IPO.

IPO Details

Innovative Ideals IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Rajnandini Metal IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Innovative Ideals IPO	Rajnandini Metal IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	BSE SME	NSE SME
Lead Managers	Pantomath Capital Advisors Pvt Ltd	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 Innovative Ideals IPO is up to ₹12.26 Cr whereas the issue size of the Rajnandini Metal IPO is up to ₹4.27 Cr. The final issue price of Innovative Ideals IPO is ₹40.00 per share and of Rajnandini Metal IPO is ₹26.00 per share.

	Innovative Ideals IPO	Rajnandini Metal IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹36.00 per share
Issue Price (Upper)	₹40.00 per share
Issue Price (Final)	₹40.00 per share	₹26.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	4000 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	30,66,000 shares	16,44,000 shares
Issue Size Total (Amount)	up to ₹12.26 Cr	up to ₹4.27 Cr

IPO Timetable

Innovative Ideals IPO opens on Sep 24, 2018, while Rajnandini Metal IPO opens on Sep 24, 2018. The closing date of Innovative Ideals IPO and Rajnandini Metal IPO is Sep 26, 2018, and Sep 27, 2018, respectively.

	Innovative Ideals IPO	Rajnandini Metal IPO
Anchor Bid Date
Issue Open	Sep 24, 2018	Sep 24, 2018
Issue Close	Sep 26, 2018	Sep 27, 2018
Basis Of Allotment (Tentative)	Oct 01, 2018
Initiation of Refunds (Tentative)	Oct 03, 2018
Credit of Share (Tentative)	Oct 04, 2018
Listing date (Tentative)	Oct 05, 2018
Anchor Lockin End date 1	Oct 31, 2018
Anchor Lockin End date 2	Dec 30, 2018

Financials

Innovative Ideals IPO P/E ratio is , as compared to Rajnandini Metal IPO P/E ratio of .

Innovative Ideals IPO

Rajnandini Metal IPO

Financial

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
Total Assets	3,479.82	2,287.04	2081.86	2,355.01	4,774.17
Total Revenue	2,031.84	1,074.57	1,217.81	1,245.07	1,281.61
Profit After Tax	308.79	96.76	1.36	15.56	50.26

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 Innovative Ideals IPO retail investors (RII) are offered 14,55,500 shares while in Rajnandini Metal IPO retail investors are offered 14,55,500 shares. Qualified institutional buyers (QIB) are offered in Innovative Ideals IPO and in Rajnandini Metal IPO.

	Innovative Ideals IPO	Rajnandini Metal IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,55,000 shares	84,000 shares
QIB
NII	14,55,500 shares	7,80,000 shares
RII	14,55,500 shares	7,80,000 shares
Employee
Others
Total	29,11,000 shares	15,60,000 shares

Bids Received (Subscription)

Innovative Ideals IPO subscribed 1.30x in total, whereas Rajnandini Metal IPO subscribed 1.38x.

	Innovative Ideals IPO	Rajnandini Metal IPO
QIB (times)
NII (times)	1.01x	2.38x
Big NII (times)
Small NII (times)
RII (times)	1.58x	0.38x
Employee (times)
Other (times)
Total (times)	1.30x	1.38x

Compare with others

Innovative Ideals IPO	Rajnandini Metal IPO
Marine Electricals IPO	Vinny Overseas IPO
Parin Furniture IPO	Kritika Wires IPO
Rajnandini Metal IPO	Silgo Retail IPO
Mindpool Technologies IPO	Marine Electricals IPO
A1 Acid IPO	Parin Furniture IPO
Mac Hotels IPO	Mindpool Technologies IPO
Sky Gold IPO	A1 Acid IPO
Manorama Industries IPO	Innovative Ideals IPO
Kshitij Polyline IPO	Mac Hotels IPO
Spectrum Electrical IPO	Sky Gold IPO

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