Ranjeet Mechatronics IPO vs Spectrum Electrical IPO

Comparision between Ranjeet Mechatronics IPO and Spectrum Electrical IPO.

IPO Details

Ranjeet Mechatronics IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Spectrum Electrical IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Ranjeet Mechatronics IPO	Spectrum Electrical IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	NSE SME
Lead Managers	Beeline Broking Ltd	Arihant Capital Markets 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

Issue Size and Price

The total issue size of Ranjeet Mechatronics IPO is up to ₹4.50 Cr whereas the issue size of the Spectrum Electrical IPO is up to ₹25.87 Cr. The final issue price of Ranjeet Mechatronics IPO is ₹25.00 per share and of Spectrum Electrical IPO is ₹65.00 per share.

	Ranjeet Mechatronics IPO	Spectrum Electrical IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹25.00 per share	₹65.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	6000 shares	2000 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	18,00,000 shares	39,80,000 shares
Issue Size Total (Amount)	up to ₹4.50 Cr	up to ₹25.87 Cr

IPO Timetable

Ranjeet Mechatronics IPO opens on Sep 12, 2018, while Spectrum Electrical IPO opens on Sep 17, 2018. The closing date of Ranjeet Mechatronics IPO and Spectrum Electrical IPO is Sep 17, 2018, and Sep 21, 2018, respectively.

	Ranjeet Mechatronics IPO	Spectrum Electrical IPO
Anchor Bid Date
Issue Open	Sep 12, 2018	Sep 17, 2018
Issue Close	Sep 17, 2018	Sep 21, 2018
Basis Of Allotment (Tentative)	Sep 21, 2018
Initiation of Refunds (Tentative)	Sep 25, 2018
Credit of Share (Tentative)	Sep 25, 2018
Listing date (Tentative)	Sep 26, 2018
Anchor Lockin End date 1	Oct 21, 2018
Anchor Lockin End date 2	Dec 20, 2018

Financials

Ranjeet Mechatronics IPO P/E ratio is , as compared to Spectrum Electrical IPO P/E ratio of .

Ranjeet Mechatronics IPO

Spectrum Electrical 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	2,241.69	2,084.00	1,805.68	1,396.98	764.98
Total Revenue	1,803.69	1,763.73	2,528.67	2,400.03	1,090.28
Profit After Tax	91.31	50.95	16.08	4.90	3.09

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	10,763.34	2,506.00	1,491.32	490.27	89.93
Total Revenue	11,983.24	659.77	215.88	13.90	--
Profit After Tax	590.32	53.27	30.03	1.73	(5.39)

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Ranjeet Mechatronics IPO retail investors (RII) are offered 8,52,000 shares while in Spectrum Electrical IPO retail investors are offered 8,52,000 shares. Qualified institutional buyers (QIB) are offered in Ranjeet Mechatronics IPO and in Spectrum Electrical IPO.

	Ranjeet Mechatronics IPO	Spectrum Electrical IPO
Anchor Investor Reserveration
Market Maker Reserveration	96,000 shares	2,00,000 shares
QIB
NII	8,52,000 shares	18,90,000 shares
RII	8,52,000 shares	18,90,000 shares
Employee
Others
Total	17,04,000 shares	37,80,000 shares

Bids Received (Subscription)

Ranjeet Mechatronics IPO subscribed 69.75x in total, whereas Spectrum Electrical IPO subscribed 1.27x.

	Ranjeet Mechatronics IPO	Spectrum Electrical IPO
QIB (times)
NII (times)	77.48x	1.99x
Big NII (times)
Small NII (times)
RII (times)	62.03x	0.56x
Employee (times)
Other (times)
Total (times)	69.75x	1.27x

Compare with others

Ranjeet Mechatronics IPO	Spectrum Electrical IPO
Mac Hotels IPO	Innovative Ideals IPO
Sky Gold IPO	Mac Hotels IPO
Manorama Industries IPO	Sky Gold IPO
Kshitij Polyline IPO	Manorama Industries IPO
Spectrum Electrical IPO	Kshitij Polyline IPO
Akg Exim IPO	Ranjeet Mechatronics IPO
Rajshree Polypack IPO	Akg Exim IPO
Synergy Green IPO	Rajshree Polypack IPO
Ahlada Engineers IPO	Synergy Green IPO
Marshall Machines IPO	Ahlada Engineers IPO

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