Gajanand International IPO vs SPP Polymers IPO

Comparision between Gajanand International IPO and SPP Polymers IPO.

IPO Details

Gajanand International IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while SPP Polymers IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Gajanand International IPO	SPP Polymers 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	Fast Track Finsec Pvt Ltd	Interactive Financial Services Ltd
Registrar	Skyline Financial Services Private Ltd	Kfin Technologies Limited
Market Maker	Nikunj Stock Brokers Limited	B.N. Rathi Securities Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL

Issue Size and Price

The total issue size of Gajanand International IPO is up to ₹20.65 Cr whereas the issue size of the SPP Polymers IPO is up to ₹24.49 Cr. The final issue price of Gajanand International IPO is ₹36.00 per share and of SPP Polymers IPO is ₹59.00 per share.

	Gajanand International IPO	SPP Polymers IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹36.00 per share	₹59.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	2000 shares
Fresh Issue Size	57,36,000 shares	41,50,000 shares
Fresh Issue Size (Amount)	up to ₹20.65 Cr	up to ₹24.49 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	57,36,000 shares	41,50,000 shares
Issue Size Total (Amount)	up to ₹20.65 Cr	up to ₹24.49 Cr

IPO Timetable

Gajanand International IPO opens on Sep 09, 2024, while SPP Polymers IPO opens on Sep 10, 2024. The closing date of Gajanand International IPO and SPP Polymers IPO is Sep 11, 2024, and Sep 12, 2024, respectively.

	Gajanand International IPO	SPP Polymers IPO
Anchor Bid Date
Issue Open	Sep 09, 2024	Sep 10, 2024
Issue Close	Sep 11, 2024	Sep 12, 2024
Basis Of Allotment (Tentative)	Sep 12, 2024	Sep 13, 2024
Initiation of Refunds (Tentative)	Sep 13, 2024	Sep 16, 2024
Credit of Share (Tentative)	Sep 13, 2024	Sep 16, 2024
Listing date (Tentative)	Sep 16, 2024	Sep 17, 2024
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials

Gajanand International IPO P/E ratio is 21.08, as compared to SPP Polymers IPO P/E ratio of 66.72.

Gajanand International IPO

SPP Polymers IPO

Financial

Gajanand International Limited Financial Information (Restated)

Gajanand International Limited's revenue increased by 48% and profit after tax (PAT) rose by 59% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	3,931.1	1,900.58	1,944.36
Revenue	10,874.81	7,342.4	6,176.21
Profit After Tax	223.73	141.06	2.85
Net Worth	1,771.36	547.62	406.57
Reserves and Surplus	461.4	505.75	364.7
Total Borrowing	1,207.07	1,179.48	1,465.28
Amount in ₹ Lakhs

SPP Polimers Limited Financial Information (Restated Consolidated)

SPP Polimers Limited's revenue increased by 40% and profit after tax (PAT) rose by 83% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	30 Jun 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	7,619.39	7,091.89	5,417.98	3,821.87
Revenue	2,895.85	9,381.29	6,677.47	8,077.96
Profit After Tax	91.33	99.4	54.42	28.01
Net Worth	2,591.64	2,500.3	2,433.64	1,971.82
Reserves and Surplus	1,500.27	1,408.93	2,152.61	1,697.22
Total Borrowing	1,871.94	1,897.82	2,215.18	1,262.21
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

90.50%

94.99%

Promoter Shareholding (Post-Issue)

69.37%

P/E Ratio

21.08

66.72

Market Cap

₹67.81 Cr.

₹90.81 Cr.

ROE

19.30%%

8.01%%

ROCE

29.72%%

4.27%%

Debt/Equity

0.68

0.71

EPS

₹1.71

₹0.88

RoNW

19.30%%

3.98%%

Shares Offered

In the Gajanand International IPO retail investors (RII) are offered 27,24,000 shares while in SPP Polymers IPO retail investors are offered 27,24,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Gajanand International IPO and 0 shares in SPP Polymers IPO.

	Gajanand International IPO	SPP Polymers IPO
Anchor Investor Reserveration
Market Maker Reserveration	2,88,000 shares	2,10,000 shares
QIB	0 shares	0 shares
NII	27,24,000 shares	19,70,000 shares
RII	27,24,000 shares	19,70,000 shares
Employee	0 shares	0 shares
Others
Total	54,48,000 shares	39,40,000 shares

Bids Received (Subscription)

Gajanand International IPO subscribed 15.27x in total, whereas SPP Polymers IPO subscribed 12.05x.

	Gajanand International IPO	SPP Polymers IPO
QIB (times)
NII (times)	5.79x	2.98x
Big NII (times)
Small NII (times)
RII (times)	24.18x	21.13x
Employee (times)
Other (times)
Total (times)	15.27x	12.05x

Compare with others

Gajanand International IPO	SPP Polymers IPO
Popular Foundations IPO	Deccan Transcon Leasing IPO
Sodhani Academy of Fintech Enablers IPO	Envirotech Systems IPO
Deccan Transcon Leasing IPO	Trafiksol ITS Technologies IPO
Envirotech Systems IPO	Gajanand International IPO
Trafiksol ITS Technologies IPO	Innomet Advanced Materials IPO
Innomet Advanced Materials IPO	Share Samadhan IPO
SPP Polymers IPO	Shubhshree Biofuels Energy IPO
Share Samadhan IPO	Aditya Ultra Steel IPO
Shubhshree Biofuels Energy IPO	Vision Infra Equipment Solutions IPO
Aditya Ultra Steel IPO	Naturewings Holidays IPO

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