GPES Solar IPO vs United Cotfab IPO

Comparision between GPES Solar IPO and United Cotfab IPO.

IPO Details

GPES Solar IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while United Cotfab IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	GPES Solar IPO	United Cotfab IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Corporate Capitalventures Pvt Ltd	Beeline Capital Advisors Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Purva Sharegistry India Pvt Ltd
Market Maker	Ss Corporate Securities Limited	Spread X Securities Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of GPES Solar IPO is up to ₹30.79 Cr whereas the issue size of the United Cotfab IPO is up to ₹36.29 Cr. The final issue price of GPES Solar IPO is ₹94.00 per share and of United Cotfab IPO is ₹70.00 per share.

	GPES Solar IPO	United Cotfab IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹90.00 per share
Issue Price (Upper)	₹94.00 per share
Issue Price (Final)	₹94.00 per share	₹70.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	2000 shares
Fresh Issue Size	32,76,000 shares	51,84,000 shares
Fresh Issue Size (Amount)	up to ₹30.79 Cr	up to ₹36.29 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	32,76,000 shares	51,84,000 shares
Issue Size Total (Amount)	up to ₹30.79 Cr	up to ₹36.29 Cr

IPO Timetable

GPES Solar IPO opens on Jun 14, 2024, while United Cotfab IPO opens on Jun 13, 2024. The closing date of GPES Solar IPO and United Cotfab IPO is Jun 19, 2024, and Jun 19, 2024, respectively.

	GPES Solar IPO	United Cotfab IPO
Anchor Bid Date	Jun 13, 2024
Issue Open	Jun 14, 2024	Jun 13, 2024
Issue Close	Jun 19, 2024	Jun 19, 2024
Basis Of Allotment (Tentative)	Jun 20, 2024	Jun 20, 2024
Initiation of Refunds (Tentative)	Jun 21, 2024	Jun 21, 2024
Credit of Share (Tentative)	Jun 21, 2024	Jun 21, 2024
Listing date (Tentative)	Jun 24, 2024	Jun 24, 2024
Anchor Lockin End date 1	Jul 20, 2024
Anchor Lockin End date 2	Sep 18, 2024

Financials

GPES Solar IPO P/E ratio is 21.44, as compared to United Cotfab IPO P/E ratio of 9.7.

GPES Solar IPO

United Cotfab IPO

Financial

GP Eco Solutions India Limited Financial Information (Restated)

GP Eco Solutions India Limited's revenue increased by 25.08% and profit after tax (PAT) rose by 33.43% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	4,728.75	4,715.19	1,904.89	1,429.81
Revenue	7,858.88	10,447.63	8,352.99	4,652.91
Profit After Tax	473.27	369.82	277.17	96.94
Net Worth	1,298.08	824.81	454.98	177.81
Reserves and Surplus	578.08	804.81	434.98	157.81
Total Borrowing	1,544.79	1,316.52	517.55	351.37
Amount in ₹ Lakhs

United Cotfab Limited Financial Information (Restated)

United Cotfab Limited's revenue increased by 17945.52% and profit after tax (PAT) rose by 6121.46% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	8,168.46	5,367.71	1,559.95	107.10
Revenue	11,552.74	64.02	1.88
Profit After Tax	866.65	13.93	1.60	-0.11
Net Worth	1,356.42	993.56	681.97	0.22
Reserves and Surplus	188.10
Total Borrowing	4,750.93	3,821.18	773.47	106.50
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

86.4%

100.00%

Promoter Shareholding (Post-Issue)

62.23%

69.84%

P/E Ratio

21.44

9.7

Market Cap

₹110.08 Cr.

₹120.33 Cr.

ROE

44.59%%

72.76%%

ROCE

26.51%%

26.95%%

Debt/Equity

1.11

3.42

EPS

₹4.38

₹7.22

RoNW

42.70%%

63.89%%

Shares Offered

In the GPES Solar IPO retail investors (RII) are offered 10,32,000 shares while in United Cotfab IPO retail investors are offered 10,32,000 shares. Qualified institutional buyers (QIB) are offered 5,89,200 shares in GPES Solar IPO and 0 shares in United Cotfab IPO.

	GPES Solar IPO	United Cotfab IPO
Anchor Investor Reserveration	8,83,200 shares
Market Maker Reserveration	3,27,600 shares	2,60,000 shares
QIB	5,89,200 shares	0 shares
NII	4,44,000 shares	24,62,000 shares
RII	10,32,000 shares	24,62,000 shares
Employee	0 shares	0 shares
Others
Total	20,65,200 shares	49,24,000 shares

Bids Received (Subscription)

GPES Solar IPO subscribed 856.21x in total, whereas United Cotfab IPO subscribed 107.16x.

	GPES Solar IPO	United Cotfab IPO
QIB (times)	236.64x
NII (times)	1,824.87x	114.71x
Big NII (times)
Small NII (times)
RII (times)	793.20x	77.22x
Employee (times)
Other (times)
Total (times)	856.21x	107.16x

Compare with others

GPES Solar IPO	United Cotfab IPO
Medicamen Organics IPO	EnNutrica IPO
EnNutrica IPO	Falcon Technoprojects India IPO
Falcon Technoprojects India IPO	Durlax Top Surface IPO
Durlax Top Surface IPO	GEM Enviro IPO
GEM Enviro IPO	GPES Solar IPO
United Cotfab IPO	3C IT IPO
3C IT IPO	Magenta Lifecare IPO
Magenta Lifecare IPO	Sattrix IPO
Sattrix IPO	Associated Coaters IPO
Associated Coaters IPO	TBI Corn IPO

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