Ramdevbaba Solvent IPO vs Teerth Gopicon IPO

Comparision between Ramdevbaba Solvent IPO and Teerth Gopicon IPO.

IPO Details

Ramdevbaba Solvent IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Teerth Gopicon IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Ramdevbaba Solvent IPO	Teerth Gopicon 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	Choice Capital Advisors Pvt Ltd	Interactive Financial Services Ltd
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Choice Equity Broking Private Limited	Giriraj Stock Broking Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Ramdevbaba Solvent IPO is up to ₹50.27 Cr whereas the issue size of the Teerth Gopicon IPO is up to ₹44.40 Cr. The final issue price of Ramdevbaba Solvent IPO is ₹85.00 per share and of Teerth Gopicon IPO is ₹111.00 per share.

	Ramdevbaba Solvent IPO	Teerth Gopicon IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹80.00 per share
Issue Price (Upper)	₹85.00 per share
Issue Price (Final)	₹85.00 per share	₹111.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	1200 shares
Fresh Issue Size	59,13,600 shares	39,99,600 shares
Fresh Issue Size (Amount)	up to ₹50.27 Cr	up to ₹44.40 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	59,13,600 shares	39,99,600 shares
Issue Size Total (Amount)	up to ₹50.27 Cr	up to ₹44.40 Cr

IPO Timetable

Ramdevbaba Solvent IPO opens on Apr 15, 2024, while Teerth Gopicon IPO opens on Apr 08, 2024. The closing date of Ramdevbaba Solvent IPO and Teerth Gopicon IPO is Apr 18, 2024, and Apr 10, 2024, respectively.

	Ramdevbaba Solvent IPO	Teerth Gopicon IPO
Anchor Bid Date	Apr 12, 2024
Issue Open	Apr 15, 2024	Apr 08, 2024
Issue Close	Apr 18, 2024	Apr 10, 2024
Basis Of Allotment (Tentative)	Apr 19, 2024	Apr 12, 2024
Initiation of Refunds (Tentative)	Apr 22, 2024	Apr 15, 2024
Credit of Share (Tentative)	Apr 22, 2024	Apr 15, 2024
Listing date (Tentative)	Apr 23, 2024	Apr 16, 2024
Anchor Lockin End date 1	May 19, 2024
Anchor Lockin End date 2	Jul 18, 2024

Financials

Ramdevbaba Solvent IPO P/E ratio is 10.6, as compared to Teerth Gopicon IPO P/E ratio of 49.55.

Ramdevbaba Solvent IPO

Teerth Gopicon IPO

Financial

Ramdevbaba Solvent Limited Financial Information (Restated)

Ramdevbaba Solvent Limited's revenue increased by 20.35% and profit after tax (PAT) rose by 97.25% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	20,341.24	19,062.61	13,134.86	10,125.05
Revenue	46,569.81	70,433.41	58,525.46	42,717.32
Profit After Tax	828.90	1,300.15	659.15	617.06
Net Worth	6,857.15	4,783.25	3,483.10	2,823.95
Reserves and Surplus	5,235.97	4,324.52	3,024.37	2,365.22
Total Borrowing	9,998.78	9,922.63	6,485.67	4,474.16
Amount in ₹ Lakhs

Teerth Gopicon Limited Financial Information (Restated)

Period Ended	31 Jan 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	13,719.79	4,743.30	4,277.16	3,115.47
Revenue	6,970.02	3,914.87	3,120.77	4,620.74
Profit After Tax	784.04	179.22	15.27	46.45
Net Worth	1,572.74	788.70	609.49	594.22
Reserves and Surplus	772.74	288.70	109.49	94.22
Total Borrowing	937.18	337.98	1,365.50	933.82
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

81.01%

96.5%

Promoter Shareholding (Post-Issue)

64.33%

P/E Ratio

10.6

49.55

Market Cap

₹188.07 Cr.

₹133.20 Cr.

ROE

66.40%%

ROCE

10.76%%

48.40%%

Debt/Equity

1.46

0.6

EPS

₹8.02

₹2.24

RoNW

14.24%%

22.72%%

Shares Offered

In the Ramdevbaba Solvent IPO retail investors (RII) are offered 19,60,000 shares while in Teerth Gopicon IPO retail investors are offered 19,60,000 shares. Qualified institutional buyers (QIB) are offered 11,20,000 shares in Ramdevbaba Solvent IPO and 0 shares in Teerth Gopicon IPO.

	Ramdevbaba Solvent IPO	Teerth Gopicon IPO
Anchor Investor Reserveration	16,80,000 shares
Market Maker Reserveration	3,13,600 shares	2,00,400 shares
QIB	11,20,000 shares	0 shares
NII	8,40,000 shares	18,99,600 shares
RII	19,60,000 shares	18,99,600 shares
Employee	0 shares	0 shares
Others
Total	39,20,000 shares	37,99,200 shares

Bids Received (Subscription)

Ramdevbaba Solvent IPO subscribed 126.21x in total, whereas Teerth Gopicon IPO subscribed 75.54x.

	Ramdevbaba Solvent IPO	Teerth Gopicon IPO
QIB (times)	65.95x
NII (times)	314.46x	97.12x
Big NII (times)
Small NII (times)
RII (times)	79.96x	44.33x
Employee (times)
Other (times)
Total (times)	126.21x	75.54x

Compare with others

Ramdevbaba Solvent IPO	Teerth Gopicon IPO
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Birdy's IPO	Greenhitech Ventures IPO
Greenhitech Ventures IPO	Finelistings Technologies IPO
Finelistings Technologies IPO	Ramdevbaba Solvent IPO
Teerth Gopicon IPO	DCG Cables & Wires IPO
DCG Cables & Wires IPO	Creative Graphics Solutions India IPO
Creative Graphics Solutions India IPO	K2 Infragen IPO
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Aluwind Architectural IPO	Jay Kailash Namkeen IPO

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