Diksha Greens IPO vs Surani Steel IPO

Comparision between Diksha Greens IPO and Surani Steel IPO.

IPO Details

Diksha Greens IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Surani Steel IPO is a SME Book Built Issue proposed to list at NSE SME.

	Diksha Greens IPO	Surani Steel IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	BSE SME	NSE SME
Lead Managers	Finshore Management Services Limited	Pantomath Capital Advisors Pvt Ltd
Registrar	Cameo Corporate Services Limited	Link Intime India Private 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 Diksha Greens IPO is up to ₹13.32 Cr whereas the issue size of the Surani Steel IPO is up to ₹12.92 Cr. The final issue price of Diksha Greens IPO is ₹30.00 per share and of Surani Steel IPO is ₹52.00 per share.

	Diksha Greens IPO	Surani Steel IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹51.00 per share
Issue Price (Upper)		₹52.00 per share
Issue Price (Final)	₹30.00 per share	₹52.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	4000 shares	2000 shares
Fresh Issue Size		24,84,000 shares
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	44,40,000 shares	24,84,000 shares
Issue Size Total (Amount)	up to ₹13.32 Cr	up to ₹12.92 Cr

IPO Timetable

Diksha Greens IPO opens on Nov 26, 2018, while Surani Steel IPO opens on Jan 25, 2019. The closing date of Diksha Greens IPO and Surani Steel IPO is Nov 28, 2018, and Jan 29, 2019, respectively.

	Diksha Greens IPO	Surani Steel IPO
Anchor Bid Date
Issue Open	Nov 26, 2018	Jan 25, 2019
Issue Close	Nov 28, 2018	Jan 29, 2019
Basis Of Allotment (Tentative)
Initiation of Refunds (Tentative)
Credit of Share (Tentative)
Listing date (Tentative)
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials

Diksha Greens IPO P/E ratio is , as compared to Surani Steel IPO P/E ratio of .

Diksha Greens IPO

Surani Steel IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Lakhs)
	30-Sep-18	31-Mar-18	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14
Total Assets	3,095.12	2,464.57	3,230.98	1,850.08	2,057.95	2,133.56
Total Revenue	1,256.07	4,182.95	5,446.68	5,422.61	5,424.85	5,300.53
Profit After Tax	41.45	55.05	63.78	45.99	40.33	38.59

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	3,528.36	2,836.35	2,298.30	1,594.83	1,541.34
Total Revenue	10,079.72	7,670.08	6,845.89	5,814.16	3,599.92
Profit After Tax	172.44	99.90	109.60	16.25	(2.99)

Promoter Shareholding (Pre-Issue)

20,95,000 Shares (36.12%)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Diksha Greens IPO retail investors (RII) are offered 21,08,000 shares while in Surani Steel IPO retail investors are offered 21,08,000 shares. Qualified institutional buyers (QIB) are offered in Diksha Greens IPO and in Surani Steel IPO.

	Diksha Greens IPO	Surani Steel IPO
Anchor Investor Reserveration
Market Maker Reserveration	2,24,000 shares	1,26,000 shares
QIB
NII	21,08,000 shares	12,42,000 shares
RII	21,08,000 shares	12,42,000 shares
Employee
Others
Total	42,16,000 shares	23,58,000 shares

Bids Received (Subscription)

Diksha Greens IPO subscribed 1.07x in total, whereas Surani Steel IPO subscribed 1.55x.

	Diksha Greens IPO	Surani Steel IPO
QIB (times)
NII (times)	1.99x	1.70x
Big NII (times)
Small NII (times)
RII (times)	0.07x	1.23x
Employee (times)
Other (times)
Total (times)	1.07x	1.55x

Compare with others

Diksha Greens IPO	Surani Steel IPO
Ritco Logistics IPO	Aartech Solonics IPO
Surani Steel IPO	Jonjua Overseas IPO
KPI Global IPO	Anmol India IPO
Axita Cotton IPO	Kranti Industries IPO
SR Dye-Chem IPO	Ritco Logistics IPO
Agarwal Packers and Movers IPO	KPI Global IPO
Shree Krishna Infrastructure IPO	Axita Cotton IPO
Roni Households IPO	SR Dye-Chem IPO
Shubhlaxmi Jewel IPO	Diksha Greens IPO
Ultra Wiring Connectivity IPO	Agarwal Packers and Movers IPO

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