GEM Enviro IPO vs Winny Immigration IPO

Comparision between GEM Enviro IPO and Winny Immigration IPO.

IPO Details

GEM Enviro IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Winny Immigration IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	GEM Enviro IPO	Winny Immigration IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	BSE SME	NSE SME
Lead Managers	Share India Capital Services Private Limited Fintellectual Corporate Advisors Private Limited	Interactive Financial Services Ltd
Registrar	Skyline Financial Services Private Ltd	Bigshare Services Pvt Ltd
Market Maker	Share India Securities Limited	Aftertrade Broking Pvt Ltd
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 GEM Enviro IPO is up to ₹44.93 Cr whereas the issue size of the Winny Immigration IPO is up to ₹9.13 Cr. The final issue price of GEM Enviro IPO is ₹75.00 per share and of Winny Immigration IPO is ₹140.00 per share.

	GEM Enviro IPO	Winny Immigration IPO
Face Value	₹5 per share	₹10 per share
Issue Price (Lower)	₹71.00 per share
Issue Price (Upper)	₹75.00 per share
Issue Price (Final)	₹75.00 per share	₹140.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	1000 shares
Fresh Issue Size	14,97,600 shares	6,52,000 shares
Fresh Issue Size (Amount)	up to ₹11.23 Cr	up to ₹9.13 Cr
OFS Issue Size	44,92,800 shares
OFS Issue Size (Amount)	up to ₹33.70 Cr
Issue Size Total	59,90,400 shares	6,52,000 shares
Issue Size Total (Amount)	up to ₹44.93 Cr	up to ₹9.13 Cr

IPO Timetable

GEM Enviro IPO opens on Jun 19, 2024, while Winny Immigration IPO opens on Jun 20, 2024. The closing date of GEM Enviro IPO and Winny Immigration IPO is Jun 21, 2024, and Jun 24, 2024, respectively.

	GEM Enviro IPO	Winny Immigration IPO
Anchor Bid Date
Issue Open	Jun 19, 2024	Jun 20, 2024
Issue Close	Jun 21, 2024	Jun 24, 2024
Basis Of Allotment (Tentative)	Jun 24, 2024	Jun 25, 2024
Initiation of Refunds (Tentative)	Jun 25, 2024	Jun 26, 2024
Credit of Share (Tentative)	Jun 25, 2024	Jun 26, 2024
Listing date (Tentative)	Jun 26, 2024	Jun 27, 2024
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials

GEM Enviro IPO P/E ratio is 15.76, as compared to Winny Immigration IPO P/E ratio of 54.12.

GEM Enviro IPO

Winny Immigration IPO

Financial

GEM Enviro Management Limited Financial Information (Restated)

GEM Enviro Management Limited's revenue increased by 30.05% and profit after tax (PAT) rose by 34.43% 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	3,994.75	3,574.93	2,684.52	1,895.51
Revenue	2,639.11	4,280.57	3,291.48	2,560.58
Profit After Tax	840.42	1,001.82	745.23	583.38
Net Worth	3,103.32	2,411.51	1,713.57	1,015.14
Reserves and Surplus	2,050.68	2,380.55	1,677.57	979.14
Total Borrowing			2.00	2.00
Amount in ₹ Lakhs

Winny Immigration and Education Services Ltd Financial Information (Restated)

Winny Immigration and Education Services Ltd's revenue decreased by -8% and profit after tax (PAT) dropped by -72.86% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	542.84	541.93	276.26
Revenue	1,102.12	1,197.91	1,004.07
Profit After Tax	39.27	144.71	127.63
Net Worth	230.72	191.46	46.75
Reserves and Surplus	78.92	188.16	43.45
Total Borrowing	206.84	232.02	127.91
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

83.63%

Promoter Shareholding (Post-Issue)

73.44%

58.51%

P/E Ratio

15.76

54.12

Market Cap

₹169.13 Cr.

₹30.38 Cr.

ROE

30.48%%

18.60%%

ROCE

36.55%%

15.74%%

Debt/Equity

0.9

EPS

₹4.76

₹2.59

RoNW

30.48%%

17.02%%

Shares Offered

In the GEM Enviro IPO retail investors (RII) are offered 19,77,600 shares while in Winny Immigration IPO retail investors are offered 19,77,600 shares. Qualified institutional buyers (QIB) are offered 11,29,600 shares in GEM Enviro IPO and 0 shares in Winny Immigration IPO.

	GEM Enviro IPO	Winny Immigration IPO
Anchor Investor Reserveration	16,92,800 shares
Market Maker Reserveration	3,42,400 shares	34,000 shares
QIB	11,29,600 shares	0 shares
NII	8,48,000 shares	3,09,000 shares
RII	19,77,600 shares	3,09,000 shares
Employee	0 shares	0 shares
Others
Total	39,55,200 shares	6,18,000 shares

Bids Received (Subscription)

GEM Enviro IPO subscribed 265.13x in total, whereas Winny Immigration IPO subscribed 154.67x.

	GEM Enviro IPO	Winny Immigration IPO
QIB (times)	160.22x
NII (times)	462.89x	109.65x
Big NII (times)
Small NII (times)
RII (times)	240.25x	190.66x
Employee (times)
Other (times)
Total (times)	265.13x	154.67x

Compare with others

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3C IT IPO	Falcon Technoprojects India IPO
Magenta Lifecare IPO	Durlax Top Surface IPO
Sattrix IPO	GEM Enviro IPO

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