Bonlon Industries IPO vs Suratwwala Business IPO

Comparision between Bonlon Industries IPO and Suratwwala Business IPO.

IPO Details

Bonlon Industries IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Suratwwala Business IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Bonlon Industries IPO	Suratwwala Business 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	Sarthi Capital Advisors Private Limited	Hem Securities Limited
Registrar	Bigshare Services Pvt Ltd	Link Intime India Private Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL		IPO Allotment URL

Issue Size and Price

The total issue size of Bonlon Industries IPO is up to ₹10.52 Cr whereas the issue size of the Suratwwala Business IPO is up to ₹6.90 Cr. The final issue price of Bonlon Industries IPO is ₹28.00 per share and of Suratwwala Business IPO is ₹15.00 per share.

	Bonlon Industries IPO	Suratwwala Business IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹28.00 per share	₹15.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	4000 shares	8000 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	37,56,000 shares	46,00,000 shares
Issue Size Total (Amount)	up to ₹10.52 Cr	up to ₹6.90 Cr

IPO Timetable

Bonlon Industries IPO opens on Jun 30, 2020, while Suratwwala Business IPO opens on Aug 03, 2020. The closing date of Bonlon Industries IPO and Suratwwala Business IPO is Jul 03, 2020, and Aug 05, 2020, respectively.

	Bonlon Industries IPO	Suratwwala Business IPO
Anchor Bid Date
Issue Open	Jun 30, 2020	Aug 03, 2020
Issue Close	Jul 03, 2020	Aug 05, 2020
Basis Of Allotment (Tentative)		Aug 10, 2020
Initiation of Refunds (Tentative)		Aug 11, 2020
Credit of Share (Tentative)		Aug 12, 2020
Listing date (Tentative)		Aug 13, 2020
Anchor Lockin End date 1		Sep 09, 2020
Anchor Lockin End date 2		Nov 08, 2020

Financials

Bonlon Industries IPO P/E ratio is 7.39, as compared to Suratwwala Business IPO P/E ratio of 83.

Bonlon Industries IPO

Suratwwala Business IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (Rs in Lakh)
	31-Dec-19	31-Mar-19	31-Mar-18	31-Mar-17
Total Assets	15,064.41	6,303.67	3,913.15	4,781.66
Total Revenue	18,699.12	21,744.31	24,313.49	23,881.15
Profit After Tax	1,387.55	282.32	27.78	(122.53)

Summary of financial Information (Restated)
Particulars	For the year/period ended (Rs in Lakhs)
	31-March-20	31-Mar-19	31-Mar-18	31-Mar-17
Total Assets	5,390.82	4,487.52	3,129.14	2,752.49
Total Revenue	1,088.35	912.62	1,119.91	1,657.82
Profit After Tax	32.46	85.86	296.49	214.38

Promoter Shareholding (Pre-Issue)

98.92%

99.92%

Promoter Shareholding (Post-Issue)

72.44%

73.42%

P/E Ratio

7.39

Market Cap

₹39.71 Cr.

₹26.01 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Bonlon Industries IPO retail investors (RII) are offered 17,84,000 shares while in Suratwwala Business IPO retail investors are offered 17,84,000 shares. Qualified institutional buyers (QIB) are offered in Bonlon Industries IPO and in Suratwwala Business IPO.

	Bonlon Industries IPO	Suratwwala Business IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,88,000 shares	2,40,000 shares
QIB
NII	17,84,000 shares	21,80,000 shares
RII	17,84,000 shares	21,80,000 shares
Employee
Others
Total	35,68,000 shares	43,60,000 shares

Bids Received (Subscription)

Bonlon Industries IPO subscribed 1.36x in total, whereas Suratwwala Business IPO subscribed 1.31x.

	Bonlon Industries IPO	Suratwwala Business IPO
QIB (times)
NII (times)	2.51x	2.35x
Big NII (times)
Small NII (times)
RII (times)	0.21x	0.28x
Employee (times)
Other (times)
Total (times)	1.36x	1.31x

Compare with others

Bonlon Industries IPO	Suratwwala Business IPO
Atam Valves SME IPO	GM Polyplast IPO
SecMark SME IPO	Atam Valves SME IPO
Advait Infratech SME IPO	SecMark SME IPO
Hippo Cabs IPO	Advait Infratech SME IPO
Suratwwala Business IPO	Hippo Cabs IPO
ksolves India IPO	Bonlon Industries IPO
Billwin Industries IPO	ksolves India IPO
DJ Mediaprint IPO	Billwin Industries IPO
Laxmi Goldorna IPO	DJ Mediaprint IPO
Cospower Engineering IPO	Laxmi Goldorna IPO

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