ICL Dairy IPO vs SM Auto IPO

Comparision between ICL Dairy IPO and SM Auto IPO.

IPO Details

ICL Dairy IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while SM Auto IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	ICL Dairy IPO	SM Auto IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	BSE SME
Lead Managers	Finshore Management Services Limited	Hem Securities Limited
Registrar	Cameo Corporate Services Limited	Bigshare Services Pvt Ltd
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 ICL Dairy IPO is up to ₹4.08 Cr whereas the issue size of the SM Auto IPO is up to ₹6.91 Cr. The final issue price of ICL Dairy IPO is ₹20.00 per share and of SM Auto IPO is ₹18.00 per share.

	ICL Dairy IPO	SM Auto IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹20.00 per share	₹18.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	6000 shares	8000 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	20,40,000 shares	38,40,000 shares
Issue Size Total (Amount)	up to ₹4.08 Cr	up to ₹6.91 Cr

IPO Timetable

ICL Dairy IPO opens on Jan 31, 2020, while SM Auto IPO opens on Mar 03, 2020. The closing date of ICL Dairy IPO and SM Auto IPO is Feb 07, 2020, and Mar 05, 2020, respectively.

	ICL Dairy IPO	SM Auto IPO
Anchor Bid Date
Issue Open	Jan 31, 2020	Mar 03, 2020
Issue Close	Feb 07, 2020	Mar 05, 2020
Basis Of Allotment (Tentative)	Feb 11, 2020	Mar 11, 2020
Initiation of Refunds (Tentative)	Feb 12, 2020	Mar 12, 2020
Credit of Share (Tentative)	Feb 13, 2020	Mar 13, 2020
Listing date (Tentative)	Feb 17, 2020	Mar 16, 2020
Anchor Lockin End date 1	Mar 12, 2020	Apr 10, 2020
Anchor Lockin End date 2	May 11, 2020	Jun 09, 2020

Financials

ICL Dairy IPO P/E ratio is 80, as compared to SM Auto IPO P/E ratio of 300.

ICL Dairy IPO

SM Auto IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (Rs in Lakhs)
	30-July-19	31-Mar-19	31-Mar-18	31-Mar-17
Total Assets	455.42	316.60	327.82	226.00
Total Revenue	223.13	1,572.65	1,207.30	252.68
Profit After Tax	4.83	27.62	34.93	5.03

Summary of financial Information (Restated)
Particulars	For the year/period ended (Rs in Lakhs)
	30-Sept-19 (for 6 months)	31-Mar-19	31-Mar-18	31-Mar-17
Total Assets	4,725.75	5,332.17	5,289.03	5,252.40
Total Revenue	3,221.67	7,630.09	6,589.74	5,336.30
Profit After Tax	4,70	265.40	84.00	(173.11)

Promoter Shareholding (Pre-Issue)

72.71%

99.99%

Promoter Shareholding (Post-Issue)

47.99%

73.11%

P/E Ratio

300

Market Cap

₹12.00 Cr.

₹25.72 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the ICL Dairy IPO retail investors (RII) are offered 9,69,000 shares while in SM Auto IPO retail investors are offered 9,69,000 shares. Qualified institutional buyers (QIB) are offered in ICL Dairy IPO and in SM Auto IPO.

	ICL Dairy IPO	SM Auto IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,02,000 shares	36,00,000 shares
QIB
NII	9,69,000 shares	18,20,000 shares
RII	9,69,000 shares	18,20,000 shares
Employee
Others
Total	19,38,000 shares	36,40,000 shares

Bids Received (Subscription)

ICL Dairy IPO subscribed 3.08x in total, whereas SM Auto IPO subscribed 1.34x.

	ICL Dairy IPO	SM Auto IPO
QIB (times)
NII (times)	3.56x	2.21x
Big NII (times)
Small NII (times)
RII (times)	2.59x	0.47x
Employee (times)
Other (times)
Total (times)	3.08x	1.34x

Compare with others

ICL Dairy IPO	SM Auto IPO
Laxmi Goldorna IPO	DJ Mediaprint IPO
Cospower Engineering IPO	Laxmi Goldorna IPO
Nirmitee Robotics IPO	Cospower Engineering IPO
RO Jewels IPO	Nirmitee Robotics IPO
SM Auto IPO	RO Jewels IPO
CBC Pharma IPO	ICL Dairy IPO
Tranway IPO	CBC Pharma IPO
Madhav Copper FPO	Tranway IPO
Janus IPO	Madhav Copper FPO
HindPrakash IPO	Janus IPO

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