GSM Foils IPO vs Rulka Electricals IPO

Comparision between GSM Foils IPO and Rulka Electricals IPO.

IPO Details

GSM Foils IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Rulka Electricals IPO is a SME Book Built Issue proposed to list at NSE SME.

	GSM Foils IPO	Rulka Electricals IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Shreni Shares Limited	Beeline Capital Advisors Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Shreni Shares Limited	Sunflower 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 GSM Foils IPO is up to ₹11.01 Cr whereas the issue size of the Rulka Electricals IPO is up to ₹26.40 Cr. The final issue price of GSM Foils IPO is ₹32.00 per share and of Rulka Electricals IPO is ₹235.00 per share.

	GSM Foils IPO	Rulka Electricals IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹223.00 per share
Issue Price (Upper)		₹235.00 per share
Issue Price (Final)	₹32.00 per share	₹235.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	4000 shares	600 shares
Fresh Issue Size	34,40,000 shares	8,42,400 shares
Fresh Issue Size (Amount)	up to ₹11.01 Cr	up to ₹19.80 Cr
OFS Issue Size		2,80,800 shares
OFS Issue Size (Amount)		up to ₹6.60 Cr
Issue Size Total	34,40,000 shares	11,23,200 shares
Issue Size Total (Amount)	up to ₹11.01 Cr	up to ₹26.40 Cr

IPO Timetable

GSM Foils IPO opens on May 24, 2024, while Rulka Electricals IPO opens on May 16, 2024. The closing date of GSM Foils IPO and Rulka Electricals IPO is May 28, 2024, and May 21, 2024, respectively.

	GSM Foils IPO	Rulka Electricals IPO
Anchor Bid Date		May 15, 2024
Issue Open	May 24, 2024	May 16, 2024
Issue Close	May 28, 2024	May 21, 2024
Basis Of Allotment (Tentative)	May 29, 2024	May 22, 2024
Initiation of Refunds (Tentative)	May 30, 2024	May 23, 2024
Credit of Share (Tentative)	May 30, 2024	May 23, 2024
Listing date (Tentative)	May 31, 2024	May 24, 2024
Anchor Lockin End date 1		Jun 21, 2024
Anchor Lockin End date 2		Aug 20, 2024

Financials

GSM Foils IPO P/E ratio is 20.98, as compared to Rulka Electricals IPO P/E ratio of 28.62.

GSM Foils IPO

Rulka Electricals IPO

Financial

GSM Foils Limited Financial Information (Restated)

GSM Foils Limited's revenue decreased by -8.3% and profit after tax (PAT) rose by 124.62% 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	2,208.18	1,438.18	1,050.65	720.57
Revenue	2,717.87	6,588.69	7,185.04	3,646.23
Profit After Tax	124.79	142.97	63.65	33.93
Net Worth	126.99	835.73	659.06	657.82
Reserves and Surplus	124.79
Total Borrowing	1,412.95	242.43	219.20
Amount in ₹ Lakhs

Rulka Electricals Limited Financial Information (Restated Standalone)

Period Ended	29 Feb 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	4,082.09	2,826.95	1,919.04	982.41
Revenue	6,527.77	4,689.78	3,627.41	1,960.11
Profit After Tax	565.77	280.52	112.08	53.72
Net Worth	1,290.15	557.33	276.82	164.74
Reserves and Surplus	948.55	546.33	265.82	153.74
Total Borrowing	1,104.89	527.07	281.46	230.99
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.99%

86.28%

Promoter Shareholding (Post-Issue)

73.14%

69.22%

P/E Ratio

20.98

28.62

Market Cap

₹41.00 Cr.

₹100.07 Cr.

ROE

23.62%%

61.25%%

ROCE

1.60%%

33.67%%

Debt/Equity

11.13

2.16

EPS

₹1.53

₹8.21

RoNW

98.27%%

43.85%%

Shares Offered

In the GSM Foils IPO retail investors (RII) are offered 16,32,000 shares while in Rulka Electricals IPO retail investors are offered 16,32,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in GSM Foils IPO and 2,13,600 shares in Rulka Electricals IPO.

	GSM Foils IPO	Rulka Electricals IPO
Anchor Investor Reserveration		3,19,200 shares
Market Maker Reserveration	1,76,000 shares	56,400 shares
QIB	0 shares	2,13,600 shares
NII	16,32,000 shares	1,60,200 shares
RII	16,32,000 shares	3,73,800 shares
Employee	0 shares	0 shares
Others
Total	32,64,000 shares	7,47,600 shares

Bids Received (Subscription)

GSM Foils IPO subscribed 257.30x in total, whereas Rulka Electricals IPO subscribed 676.83x.

	GSM Foils IPO	Rulka Electricals IPO
QIB (times)		204.22x
NII (times)	259.51x	1,350.15x
Big NII (times)
Small NII (times)
RII (times)	247.10x	658.32x
Employee (times)
Other (times)
Total (times)	257.30x	676.83x

Compare with others

GSM Foils IPO	Rulka Electricals IPO
Associated Coaters IPO	Aimtron Electronics IPO
TBI Corn IPO	Beacon Trusteeship IPO
Ztech India IPO	GSM Foils IPO
Aimtron Electronics IPO	Vilas Transcore IPO
Beacon Trusteeship IPO	Hariom Atta & Spices IPO
Vilas Transcore IPO	Quest Laboratories IPO
Hariom Atta & Spices IPO	Piotex Industries IPO
Rulka Electricals IPO	Veritaas Advertising IPO
Quest Laboratories IPO	Indian Emulsifier IPO
Piotex Industries IPO	Aztec Fluids & Machinery IPO

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