Bright Solar IPO vs Rajnish Wellness IPO

Comparision between Bright Solar IPO and Rajnish Wellness IPO.

IPO Details

Bright Solar IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Rajnish Wellness IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Bright Solar IPO	Rajnish Wellness 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	Swastika Investmart Ltd	Navigant Corporate Advisors Ltd
Registrar	Alankit Assignments 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 Bright Solar IPO is up to ₹19.44 Cr whereas the issue size of the Rajnish Wellness IPO is up to ₹11.98 Cr. The final issue price of Bright Solar IPO is ₹36.00 per share and of Rajnish Wellness IPO is ₹95.00 per share.

	Bright Solar IPO	Rajnish Wellness IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹36.00 per share	₹95.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	1200 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	54,00,000 shares	12,61,200 shares
Issue Size Total (Amount)	up to ₹19.44 Cr	up to ₹11.98 Cr

IPO Timetable

Bright Solar IPO opens on Jun 26, 2018, while Rajnish Wellness IPO opens on Jun 25, 2018. The closing date of Bright Solar IPO and Rajnish Wellness IPO is Jun 29, 2018, and Jun 29, 2018, respectively.

	Bright Solar IPO	Rajnish Wellness IPO
Anchor Bid Date
Issue Open	Jun 26, 2018	Jun 25, 2018
Issue Close	Jun 29, 2018	Jun 29, 2018
Basis Of Allotment (Tentative)	Jul 04, 2018
Initiation of Refunds (Tentative)	Jul 06, 2018
Credit of Share (Tentative)	Jul 06, 2018
Listing date (Tentative)	Jul 09, 2018
Anchor Lockin End date 1	Aug 03, 2018
Anchor Lockin End date 2	Oct 02, 2018

Financials

Bright Solar IPO P/E ratio is , as compared to Rajnish Wellness IPO P/E ratio of .

Bright Solar IPO

Rajnish Wellness IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Lakhs)
	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13
Total Assets	3,309.49	2,212.31	3,892.34	818.82	1,978.49
Total Revenue	1,812.99	1,547.06	4,784.25	2,846.13	2,239.93
Profit After Tax	171.11	70.53	196.87	54.29	38.02

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Lakhs)
	28-Feb-18	31-Mar-17	31-Mar-16
Total Assets	1,782.44	837.92	530.35
Total Revenue	2,423.22	2,529.63	1,315.88
Profit After Tax	161.87	63.87	32.34

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Bright Solar IPO retail investors (RII) are offered 25,65,000 shares while in Rajnish Wellness IPO retail investors are offered 25,65,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Bright Solar IPO and 0 shares in Rajnish Wellness IPO.

	Bright Solar IPO	Rajnish Wellness IPO
Anchor Investor Reserveration
Market Maker Reserveration	2,70,000 shares	63,600 shares
QIB	0 shares	0 shares
NII	25,65,000 shares	5,98,800 shares
RII	25,65,000 shares	5,98,800 shares
Employee
Others
Total	54,00,000 shares	11,97,600 shares

Bids Received (Subscription)

Bright Solar IPO subscribed 1.85x in total, whereas Rajnish Wellness IPO subscribed 1.13x.

	Bright Solar IPO	Rajnish Wellness IPO
QIB (times)
NII (times)	2.21x	2.02x
Big NII (times)
Small NII (times)
RII (times)	1.49x	0.23x
Employee (times)
Other (times)
Total (times)	1.85x	1.13x

Compare with others

Bright Solar IPO	Rajnish Wellness IPO
Ambani Organics IPO	Raw Edge Industrial Solutions IPO
Ganesh Films IPO	Ambani Organics IPO
Ganga Forging (GFL) IPO	Ganesh Films IPO
Jakharia Fabric IPO	Ganga Forging (GFL) IPO
Rajnish Wellness IPO	Jakharia Fabric IPO
Rudrabhishek Enterprises IPO	Bright Solar IPO
Ushanti Colour Chem IPO	Rudrabhishek Enterprises IPO
Supreme Engineering IPO	Ushanti Colour Chem IPO
Priti International IPO	Supreme Engineering IPO
Accuracy Shipping IPO	Priti International IPO

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