SM Auto IPO vs Tranway IPO

Comparision between SM Auto IPO and Tranway IPO.

IPO Details

SM Auto IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Tranway IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	SM Auto IPO	Tranway 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	Hem Securities Limited	Finshore Management Services 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 SM Auto IPO is up to ₹6.91 Cr whereas the issue size of the Tranway IPO is up to ₹4.24 Cr. The final issue price of SM Auto IPO is ₹18.00 per share and of Tranway IPO is ₹10.00 per share.

	SM Auto IPO	Tranway IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹18.00 per share	₹10.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	8000 shares	10000 shares
Fresh Issue Size		42,40,000 shares
Fresh Issue Size (Amount)		up to ₹4.24 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	38,40,000 shares	42,40,000 shares
Issue Size Total (Amount)	up to ₹6.91 Cr	up to ₹4.24 Cr

IPO Timetable

SM Auto IPO opens on Mar 03, 2020, while Tranway IPO opens on Jan 27, 2020. The closing date of SM Auto IPO and Tranway IPO is Mar 05, 2020, and Jan 29, 2020, respectively.

	SM Auto IPO	Tranway IPO
Anchor Bid Date
Issue Open	Mar 03, 2020	Jan 27, 2020
Issue Close	Mar 05, 2020	Jan 29, 2020
Basis Of Allotment (Tentative)	Mar 11, 2020	Feb 03, 2020
Initiation of Refunds (Tentative)	Mar 12, 2020	Feb 04, 2020
Credit of Share (Tentative)	Mar 13, 2020	Feb 05, 2020
Listing date (Tentative)	Mar 16, 2020	Feb 05, 2020
Anchor Lockin End date 1	Apr 10, 2020	Mar 04, 2020
Anchor Lockin End date 2	Jun 09, 2020	May 03, 2020

Financials

SM Auto IPO P/E ratio is 300, as compared to Tranway IPO P/E ratio of 90.

SM Auto IPO

Tranway IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (Rs in Lakhs)
	30-Sept-19 (for 6 months)	31-Mar-19	31-Mar-18	31-Mar-17
Total Assets	4,725.75	5,332.17	5,289.03	5,252.40
Total Revenue	3,221.67	7,630.09	6,589.74	5,336.30
Profit After Tax	4,70	265.40	84.00	(173.11)

Summary of financial Information (Restated)
Particulars	For the year/period ended (Rs in Lakhs)
	30-Sept-19	31-Mar-19	31-Mar-18	31-Mar-17
Total Assets	2,71.09	2,13.50	2,42.46	1,08.48
Total Revenue	2,29.22	5,17.53	3,93.93	3,11.73
Profit After Tax	6.34	24.01	11.37	12.34

Promoter Shareholding (Pre-Issue)

99.99%

99.98%

Promoter Shareholding (Post-Issue)

73.11%

59.99%

P/E Ratio

300

Market Cap

₹25.72 Cr.

₹10.60 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the SM Auto IPO retail investors (RII) are offered 18,20,000 shares while in Tranway IPO retail investors are offered 18,20,000 shares. Qualified institutional buyers (QIB) are offered in SM Auto IPO and in Tranway IPO.

	SM Auto IPO	Tranway IPO
Anchor Investor Reserveration
Market Maker Reserveration	36,00,000 shares	2,20,000 shares
QIB
NII	18,20,000 shares	20,10,000 shares
RII	18,20,000 shares	20,10,000 shares
Employee
Others
Total	36,40,000 shares	40,20,000 shares

Bids Received (Subscription)

SM Auto IPO subscribed 1.34x in total, whereas Tranway IPO subscribed 1.98x.

	SM Auto IPO	Tranway IPO
QIB (times)		0.00x
NII (times)	2.21x	1.09x
Big NII (times)
Small NII (times)
RII (times)	0.47x	2.87x
Employee (times)
Other (times)
Total (times)	1.34x	1.98x

Compare with others

SM Auto IPO	Tranway IPO
DJ Mediaprint IPO	Nirmitee Robotics IPO
Laxmi Goldorna IPO	RO Jewels IPO
Cospower Engineering IPO	SM Auto IPO
Nirmitee Robotics IPO	ICL Dairy IPO
RO Jewels IPO	CBC Pharma IPO
ICL Dairy IPO	Madhav Copper FPO
CBC Pharma IPO	Janus IPO
Tranway IPO	HindPrakash IPO
Madhav Copper FPO	Gian Lifecare IPO
Janus IPO	Vaxtex Cotfab IPO

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