SecMark SME IPO vs Suratwwala Business IPO

Comparision between SecMark SME IPO and Suratwwala Business IPO.

IPO Details

SecMark SME 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.

	SecMark SME 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	Indorient Financial Services Ltd	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 SecMark SME IPO is up to ₹15.04 Cr whereas the issue size of the Suratwwala Business IPO is up to ₹6.90 Cr. The final issue price of SecMark SME IPO is ₹135.00 per share and of Suratwwala Business IPO is ₹15.00 per share.

	SecMark SME IPO	Suratwwala Business IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹135.00 per share	₹15.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1000 shares	8000 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	11,14,000 shares	46,00,000 shares
Issue Size Total (Amount)	up to ₹15.04 Cr	up to ₹6.90 Cr

IPO Timetable

SecMark SME IPO opens on Sep 18, 2020, while Suratwwala Business IPO opens on Aug 03, 2020. The closing date of SecMark SME IPO and Suratwwala Business IPO is Sep 23, 2020, and Aug 05, 2020, respectively.

	SecMark SME IPO	Suratwwala Business IPO
Anchor Bid Date
Issue Open	Sep 18, 2020	Aug 03, 2020
Issue Close	Sep 23, 2020	Aug 05, 2020
Basis Of Allotment (Tentative)	Sep 28, 2020	Aug 10, 2020
Initiation of Refunds (Tentative)	Sep 30, 2020	Aug 11, 2020
Credit of Share (Tentative)	Sep 30, 2020	Aug 12, 2020
Listing date (Tentative)	Oct 01, 2020	Aug 13, 2020
Anchor Lockin End date 1	Oct 28, 2020	Sep 09, 2020
Anchor Lockin End date 2	Dec 27, 2020	Nov 08, 2020

Financials

SecMark SME IPO P/E ratio is , as compared to Suratwwala Business IPO P/E ratio of 83.

SecMark SME IPO

Suratwwala Business IPO

Financial

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (Rs in lakhs)
	31-Mar-20	31-Mar-19	31-Mar-18
Total Assets	610.80	492.43	293.38
Total Revenue	574.74	389.99	329.33
Profit After Tax	116.32	96.97	86.59

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)

72.99%

73.42%

P/E Ratio

Market Cap

₹26.01 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the SecMark SME IPO retail investors (RII) are offered 5,57,000 shares while in Suratwwala Business IPO retail investors are offered 5,57,000 shares. Qualified institutional buyers (QIB) are offered in SecMark SME IPO and in Suratwwala Business IPO.

	SecMark SME IPO	Suratwwala Business IPO
Anchor Investor Reserveration
Market Maker Reserveration		2,40,000 shares
QIB
NII	5,57,000 shares	21,80,000 shares
RII	5,57,000 shares	21,80,000 shares
Employee
Others
Total	11,14,000 shares	43,60,000 shares

Bids Received (Subscription)

SecMark SME IPO subscribed 1.24x in total, whereas Suratwwala Business IPO subscribed 1.31x.

	SecMark SME IPO	Suratwwala Business IPO
QIB (times)
NII (times)	1.12x	2.35x
Big NII (times)
Small NII (times)
RII (times)	1.35x	0.28x
Employee (times)
Other (times)
Total (times)	1.24x	1.31x

Compare with others

SecMark SME IPO	Suratwwala Business IPO
AAA Technologies IPO	GM Polyplast IPO
Sigma Solve IPO	Atam Valves SME IPO
Veer Global Infraconstruction IPO	SecMark SME IPO
GM Polyplast IPO	Advait Infratech SME IPO
Atam Valves SME IPO	Hippo Cabs IPO
Advait Infratech SME IPO	Bonlon Industries IPO
Hippo Cabs IPO	ksolves India IPO
Suratwwala Business IPO	Billwin Industries IPO
Bonlon Industries IPO	DJ Mediaprint IPO
ksolves India IPO	Laxmi Goldorna IPO

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