Ganga Forging (GFL) IPO vs Rajnish Wellness IPO

Comparision between Ganga Forging (GFL) IPO and Rajnish Wellness IPO.

IPO Details

Ganga Forging (GFL) 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.

	Ganga Forging (GFL) 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	Pantomath Capital Advisors Pvt Ltd	Navigant Corporate Advisors Ltd
Registrar	Link Intime India Private 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 Ganga Forging (GFL) IPO is up to ₹5.00 Cr whereas the issue size of the Rajnish Wellness IPO is up to ₹11.98 Cr. The final issue price of Ganga Forging (GFL) IPO is ₹21.00 per share and of Rajnish Wellness IPO is ₹95.00 per share.

	Ganga Forging (GFL) IPO	Rajnish Wellness IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹21.00 per share	₹95.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	6000 shares	1200 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	23,82,000 shares	12,61,200 shares
Issue Size Total (Amount)	up to ₹5.00 Cr	up to ₹11.98 Cr

IPO Timetable

Ganga Forging (GFL) IPO opens on Jun 29, 2018, while Rajnish Wellness IPO opens on Jun 25, 2018. The closing date of Ganga Forging (GFL) IPO and Rajnish Wellness IPO is Jul 03, 2018, and Jun 29, 2018, respectively.

	Ganga Forging (GFL) IPO	Rajnish Wellness IPO
Anchor Bid Date
Issue Open	Jun 29, 2018	Jun 25, 2018
Issue Close	Jul 03, 2018	Jun 29, 2018
Basis Of Allotment (Tentative)	Jul 06, 2018
Initiation of Refunds (Tentative)	Jul 09, 2018
Credit of Share (Tentative)	Jul 10, 2018
Listing date (Tentative)	Jul 11, 2018
Anchor Lockin End date 1	Aug 05, 2018
Anchor Lockin End date 2	Oct 04, 2018

Financials

Ganga Forging (GFL) IPO P/E ratio is , as compared to Rajnish Wellness IPO P/E ratio of .

Ganga Forging (GFL) 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	1,514.46	1,345.33	1,202.73	1,708.34	858.33
Total Revenue	1,779.17	1,769.45	1,557.19	1,695.99	1,556.93
Profit After Tax	48.49	25.26	46.58	60.74	32.12

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 Ganga Forging (GFL) IPO retail investors (RII) are offered 11,28,000 shares while in Rajnish Wellness IPO retail investors are offered 11,28,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Ganga Forging (GFL) IPO and 0 shares in Rajnish Wellness IPO.

	Ganga Forging (GFL) IPO	Rajnish Wellness IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,26,000 shares	63,600 shares
QIB	0 shares	0 shares
NII	11,28,000 shares	5,98,800 shares
RII	11,28,000 shares	5,98,800 shares
Employee
Others
Total	23,82,000 shares	11,97,600 shares

Bids Received (Subscription)

Ganga Forging (GFL) IPO subscribed 1.78x in total, whereas Rajnish Wellness IPO subscribed 1.13x.

	Ganga Forging (GFL) IPO	Rajnish Wellness IPO
QIB (times)
NII (times)	0.84x	2.02x
Big NII (times)
Small NII (times)
RII (times)	2.80x	0.23x
Employee (times)
Other (times)	1.00x
Total (times)	1.78x	1.13x

Compare with others

Ganga Forging (GFL) IPO	Rajnish Wellness IPO
Avon Moldplast IPO	Raw Edge Industrial Solutions IPO
Powerful Technologies 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
Jakharia Fabric IPO	Bright Solar IPO
Rajnish Wellness IPO	Rudrabhishek Enterprises IPO
Bright Solar IPO	Ushanti Colour Chem IPO
Rudrabhishek Enterprises IPO	Supreme Engineering IPO
Ushanti Colour Chem IPO	Priti International IPO

Comments

Add a public comment...