Atmastco IPO vs Rudra Gas Enterprise IPO

Comparision between Atmastco IPO and Rudra Gas Enterprise IPO.

IPO Details

Atmastco IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Rudra Gas Enterprise IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Atmastco IPO	Rudra Gas Enterprise 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	Affinity Global Capital Market Private Limited	Beeline Capital Advisors Pvt Ltd
Registrar	Cameo Corporate Services Limited	Link Intime India Private Ltd
Market Maker	Asnani Stock Broker Private Limited	Spread X Securities Private Limited
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 Atmastco IPO is up to ₹56.25 Cr whereas the issue size of the Rudra Gas Enterprise IPO is up to ₹14.16 Cr. The final issue price of Atmastco IPO is ₹77.00 per share and of Rudra Gas Enterprise IPO is ₹63.00 per share.

	Atmastco IPO	Rudra Gas Enterprise IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹77.00 per share	₹63.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	2000 shares
Fresh Issue Size	54,80,000 shares	22,48,000 shares
Fresh Issue Size (Amount)	up to ₹42.20 Cr	up to ₹14.16 Cr
OFS Issue Size	18,25,600 shares
OFS Issue Size (Amount)	up to ₹14.06 Cr
Issue Size Total	73,05,600 shares	22,48,000 shares
Issue Size Total (Amount)	up to ₹56.25 Cr	up to ₹14.16 Cr

IPO Timetable

Atmastco IPO opens on Feb 15, 2024, while Rudra Gas Enterprise IPO opens on Feb 08, 2024. The closing date of Atmastco IPO and Rudra Gas Enterprise IPO is Feb 20, 2024, and Feb 12, 2024, respectively.

	Atmastco IPO	Rudra Gas Enterprise IPO
Anchor Bid Date
Issue Open	Feb 15, 2024	Feb 08, 2024
Issue Close	Feb 20, 2024	Feb 12, 2024
Basis Of Allotment (Tentative)	Feb 21, 2024	Feb 13, 2024
Initiation of Refunds (Tentative)	Feb 22, 2024	Feb 14, 2024
Credit of Share (Tentative)	Feb 22, 2024	Feb 14, 2024
Listing date (Tentative)	Feb 23, 2024	Feb 15, 2024
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials

Atmastco IPO P/E ratio is 11.6, as compared to Rudra Gas Enterprise IPO P/E ratio of 10.9.

Atmastco IPO

Rudra Gas Enterprise IPO

Financial

Atmastco Limited Financial Information (Restated Consolidated)

Atmastco Limited's revenue increased by 156.43% and profit after tax (PAT) rose by 295.58% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Aug 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	24,391.56	23,620.72	13,273.94	12,036.21
Revenue	6,700.16	24,278.76	9,468.14	6,990.68
Profit After Tax	628.74	1,277.75	323.00	60.46
Net Worth	6,259.03	5,520.33	4,235.23	3,912.23
Reserves and Surplus	4,763.72	4,039.20	2,754.10	2,431.10
Total Borrowing	7,317.46	7,125.68	5,155.92	5,410.48
Amount in ₹ Lakhs

Rudra Gas Enterprise Limited Financial Information (Restated Standalone)

Rudra Gas Enterprise Limited's revenue increased by 12.76% and profit after tax (PAT) rose by 96.21% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Oct 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	4,345.39	3,380.56	2,804.92	1,960.50
Revenue	3,446.81	4,957.02	4,395.95	2,816.96
Profit After Tax	247.41	352.02	179.41	127.05
Net Worth	1,149.10	798.50	446.48	267.07
Reserves and Surplus	540.10	773.50	421.48	242.07
Total Borrowing	1,990.15	1,738.34	1,379.98	1,008.22
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

97.39%

99.99%

Promoter Shareholding (Post-Issue)

68.43%

73.03%

P/E Ratio

11.6

10.9

Market Cap

₹190.46 Cr.

₹52.53 Cr.

ROE

23.15%%

57%%

ROCE

29.91%%

25%%

Debt/Equity

0.48

2.18

EPS

₹6.64

₹5.78

RoNW

23.15%%

44.09%%

Shares Offered

In the Atmastco IPO retail investors (RII) are offered 34,69,600 shares while in Rudra Gas Enterprise IPO retail investors are offered 34,69,600 shares. Qualified institutional buyers (QIB) are offered 0 shares in Atmastco IPO and 0 shares in Rudra Gas Enterprise IPO.

	Atmastco IPO	Rudra Gas Enterprise IPO
Anchor Investor Reserveration
Market Maker Reserveration	3,66,400 shares	1,16,000 shares
QIB	0 shares	0 shares
NII	34,69,600 shares	10,66,000 shares
RII	34,69,600 shares	10,66,000 shares
Employee	0 shares	0 shares
Others
Total	69,39,200 shares	21,32,000 shares

Bids Received (Subscription)

Atmastco IPO subscribed 17.61x in total, whereas Rudra Gas Enterprise IPO subscribed 350.75x.

	Atmastco IPO	Rudra Gas Enterprise IPO
QIB (times)
NII (times)	14.92x	286.62x
Big NII (times)
Small NII (times)
RII (times)	18.24x	404.38x
Employee (times)
Other (times)
Total (times)	17.61x	350.75x

Compare with others

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Zenith Drugs IPO	Atmastco IPO
Esconet Technologies IPO	Thaai Casting IPO
Trust Fintech IPO	Kalahridhaan Trendz IPO
Interiors and More IPO	Polysil Irrigation Systems IPO
Thaai Casting IPO	WTI Cabs IPO
Kalahridhaan Trendz IPO	Alpex Solar IPO
Polysil Irrigation Systems IPO	Italian Edibles IPO
Rudra Gas Enterprise IPO	Gabriel Pet Straps IPO
WTI Cabs IPO	Mayank Cattle Food IPO

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