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GM Polyplast IPO vs Suratwwala Business IPO

Comparision between GM Polyplast IPO and Suratwwala Business IPO.

IPO Details

GM Polyplast 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.

  GM Polyplast IPO Suratwwala Business IPO
Logo GM Polyplast IPO Logo 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 Gretex Corporate Services 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 IPO Allotment URL

Issue Size and Price

The total issue size of GM Polyplast IPO is up to ₹8.09 Cr whereas the issue size of the Suratwwala Business IPO is up to ₹6.90 Cr. The final issue price of GM Polyplast IPO is ₹159.00 per share and of Suratwwala Business IPO is ₹15.00 per share.

  GM Polyplast IPO Suratwwala Business IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final) ₹159.00 per share ₹15.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 800 shares 8000 shares
Fresh Issue Size 3,22,800 shares
Fresh Issue Size (Amount) up to ₹5.13 Cr
OFS Issue Size 1,86,000 shares
OFS Issue Size (Amount) up to ₹2.96 Cr
Issue Size Total 5,08,800 shares 46,00,000 shares
Issue Size Total (Amount) up to ₹8.09 Cr up to ₹6.90 Cr

IPO Timetable

GM Polyplast IPO opens on Sep 30, 2020, while Suratwwala Business IPO opens on Aug 03, 2020. The closing date of GM Polyplast IPO and Suratwwala Business IPO is Oct 06, 2020, and Aug 05, 2020, respectively.

  GM Polyplast IPO Suratwwala Business IPO
Anchor Bid Date
Issue Open Sep 30, 2020 Aug 03, 2020
Issue Close Oct 06, 2020 Aug 05, 2020
Basis Of Allotment (Tentative) Oct 09, 2020 Aug 10, 2020
Initiation of Refunds (Tentative) Oct 13, 2020 Aug 11, 2020
Credit of Share (Tentative) Oct 13, 2020 Aug 12, 2020
Listing date (Tentative) Oct 14, 2020 Aug 13, 2020
Anchor Lockin End date 1 Nov 08, 2020 Sep 09, 2020
Anchor Lockin End date 2 Jan 07, 2021 Nov 08, 2020

Financials

GM Polyplast IPO P/E ratio is , as compared to Suratwwala Business IPO P/E ratio of 83.

  GM Polyplast IPO Suratwwala Business IPO
Financial
Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (Rs in Lacs)
31-Mar-20 31-Mar-19 31-Mar-18
Total Assets 2,482.68 2,537.03 2,533.25
Total Revenue 6,342.98 6,834.50 5,551.24
Profit After Tax 231.80 138.04 92.20
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) 100% 99.92%
Promoter Shareholding (Post-Issue) 73.65% 73.42%
P/E Ratio 83
Market Cap ₹26.01 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the GM Polyplast IPO retail investors (RII) are offered 2,41,600 shares while in Suratwwala Business IPO retail investors are offered 2,41,600 shares. Qualified institutional buyers (QIB) are offered in GM Polyplast IPO and in Suratwwala Business IPO.

  GM Polyplast IPO Suratwwala Business IPO
Anchor Investor Reserveration
Market Maker Reserveration 26,000 shares 2,40,000 shares
QIB
NII 2,41,600 shares 21,80,000 shares
RII 2,41,600 shares 21,80,000 shares
Employee
Others
Total 4,83,200 shares 43,60,000 shares

Bids Received (Subscription)

GM Polyplast IPO subscribed 1.60x in total, whereas Suratwwala Business IPO subscribed 1.31x.

  GM Polyplast IPO Suratwwala Business IPO
QIB (times)
NII (times) 2.13x 2.35x
Big NII (times)
Small NII (times)
RII (times) 1.07x 0.28x
Employee (times)
Other (times)
Total (times) 1.60x 1.31x

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