Kshitij Polyline IPO vs Spectrum Electrical IPO

Comparision between Kshitij Polyline IPO and Spectrum Electrical IPO.

IPO Details

Kshitij Polyline IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Spectrum Electrical IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Kshitij Polyline IPO	Spectrum Electrical IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	Monarch Networth Capital Ltd	Arihant Capital Markets Ltd
Registrar	Kfin Technologies 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 Kshitij Polyline IPO is up to ₹8.75 Cr whereas the issue size of the Spectrum Electrical IPO is up to ₹25.87 Cr. The final issue price of Kshitij Polyline IPO is ₹35.00 per share and of Spectrum Electrical IPO is ₹65.00 per share.

	Kshitij Polyline IPO	Spectrum Electrical IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹35.00 per share	₹65.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	4000 shares	2000 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	25,00,000 shares	39,80,000 shares
Issue Size Total (Amount)	up to ₹8.75 Cr	up to ₹25.87 Cr

IPO Timetable

Kshitij Polyline IPO opens on Sep 21, 2018, while Spectrum Electrical IPO opens on Sep 17, 2018. The closing date of Kshitij Polyline IPO and Spectrum Electrical IPO is Sep 27, 2018, and Sep 21, 2018, respectively.

	Kshitij Polyline IPO	Spectrum Electrical IPO
Anchor Bid Date
Issue Open	Sep 21, 2018	Sep 17, 2018
Issue Close	Sep 27, 2018	Sep 21, 2018
Basis Of Allotment (Tentative)	Oct 03, 2018
Initiation of Refunds (Tentative)	Oct 04, 2018
Credit of Share (Tentative)	Oct 05, 2018
Listing date (Tentative)	Oct 08, 2018
Anchor Lockin End date 1	Nov 02, 2018
Anchor Lockin End date 2	Jan 01, 2019

Financials

Kshitij Polyline IPO P/E ratio is , as compared to Spectrum Electrical IPO P/E ratio of .

Kshitij Polyline 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	2,477.39	1,719.42	1,483.16	1,422.31	1,309.95
Total Revenue	2,743.25	1,701.04	1,557.20	1,239.14	1,267.65
Profit After Tax	105.62	27.78	19.94	16.27	11.45

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 Kshitij Polyline IPO retail investors (RII) are offered 11,84,000 shares while in Spectrum Electrical IPO retail investors are offered 11,84,000 shares. Qualified institutional buyers (QIB) are offered in Kshitij Polyline IPO and in Spectrum Electrical IPO.

	Kshitij Polyline IPO	Spectrum Electrical IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,32,000 shares	2,00,000 shares
QIB
NII	11,84,000 shares	18,90,000 shares
RII	11,84,000 shares	18,90,000 shares
Employee
Others
Total	23,68,000 shares	37,80,000 shares

Bids Received (Subscription)

Kshitij Polyline IPO subscribed 1.45x in total, whereas Spectrum Electrical IPO subscribed 1.27x.

	Kshitij Polyline IPO	Spectrum Electrical IPO
QIB (times)
NII (times)	1.88x	1.99x
Big NII (times)
Small NII (times)
RII (times)	1.02x	0.56x
Employee (times)
Other (times)
Total (times)	1.45x	1.27x

Compare with others

Kshitij Polyline IPO	Spectrum Electrical IPO
A1 Acid IPO	Innovative Ideals IPO
Innovative Ideals IPO	Mac Hotels IPO
Mac Hotels IPO	Sky Gold IPO
Sky Gold IPO	Manorama Industries IPO
Manorama Industries IPO	Kshitij Polyline IPO
Spectrum Electrical IPO	Ranjeet Mechatronics IPO
Ranjeet Mechatronics IPO	Akg Exim IPO
Akg Exim IPO	Rajshree Polypack IPO
Rajshree Polypack IPO	Synergy Green IPO
Synergy Green IPO	Ahlada Engineers IPO

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