Salasar Exteriors IPO vs Smiloshine IPO

Comparision between Salasar Exteriors IPO and Smiloshine IPO.

IPO Details

Salasar Exteriors IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Smiloshine IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Salasar Exteriors IPO	Smiloshine 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	Navigant Corporate Advisors Ltd	First Overseas Capital Limited
Registrar	Kfin Technologies Limited	Kfin Technologies Limited
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 Salasar Exteriors IPO is up to ₹8.50 Cr whereas the issue size of the Smiloshine IPO is up to ₹4.49 Cr. The final issue price of Salasar Exteriors IPO is ₹36.00 per share and of Smiloshine IPO is ₹24.00 per share.

	Salasar Exteriors IPO	Smiloshine IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹36.00 per share	₹24.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	6000 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	23,60,000 shares	18,72,000 shares
Issue Size Total (Amount)	up to ₹8.50 Cr	up to ₹4.49 Cr

IPO Timetable

Salasar Exteriors IPO opens on Aug 28, 2019, while Smiloshine IPO opens on Aug 30, 2019. The closing date of Salasar Exteriors IPO and Smiloshine IPO is Sep 03, 2019, and Sep 04, 2019, respectively.

	Salasar Exteriors IPO	Smiloshine IPO
Anchor Bid Date
Issue Open	Aug 28, 2019	Aug 30, 2019
Issue Close	Sep 03, 2019	Sep 04, 2019
Basis Of Allotment (Tentative)		Sep 09, 2019
Initiation of Refunds (Tentative)		Sep 11, 2019
Credit of Share (Tentative)		Sep 12, 2019
Listing date (Tentative)		Sep 13, 2019
Anchor Lockin End date 1		Oct 09, 2019
Anchor Lockin End date 2		Dec 08, 2019

Financials

Salasar Exteriors IPO P/E ratio is , as compared to Smiloshine IPO P/E ratio of .

Salasar Exteriors IPO

Smiloshine IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Lakhs)
	31-July-18
Total Assets	2737.02
Total Revenue	177.83
Profit After Tax	7.66

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Lakhs)
�	31-March-19	31-March-18	31-March-17
Total Assets	431.61	183.77	189.81
Total Revenue	51.41	11.33	16.18
Profit After Tax	21.85	0.09	(0.30)

Promoter Shareholding (Pre-Issue)

100.00%

99.35%

Promoter Shareholding (Post-Issue)

71.34%

60.88%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Salasar Exteriors IPO retail investors (RII) are offered 11,20,000 shares while in Smiloshine IPO retail investors are offered 11,20,000 shares. Qualified institutional buyers (QIB) are offered in Salasar Exteriors IPO and in Smiloshine IPO.

	Salasar Exteriors IPO	Smiloshine IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,20,000 shares	96,000 shares
QIB
NII	11,20,000 shares	8,88,000 shares
RII	11,20,000 shares	8,88,000 shares
Employee
Others
Total	22,40,000 shares	17,76,000 shares

Bids Received (Subscription)

Salasar Exteriors IPO subscribed 1.15x in total, whereas Smiloshine IPO subscribed 1.24x.

	Salasar Exteriors IPO	Smiloshine IPO
QIB (times)
NII (times)	2.10x	1.80x
Big NII (times)
Small NII (times)
RII (times)	0.20x	0.67x
Employee (times)
Other (times)
Total (times)	1.15x	1.24x

Compare with others

Salasar Exteriors IPO	Smiloshine IPO
Sona Hi Sona IPO	Anuroop IPO
Goblin IPO	Sona Hi Sona IPO
Galactico IPO	Goblin IPO
Misquita IPO	Galactico IPO
Smiloshine IPO	Misquita IPO
Transpact IPO	Salasar Exteriors IPO
Alphalogic IPO	Transpact IPO
Shiv Aum IPO	Alphalogic IPO
Wonder Fibromats IPO	Shiv Aum IPO
City Pulse IPO	Wonder Fibromats IPO

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