Agarwal Float Glass India IPO vs Gayatri Rubbers and Chemicals IPO

Comparision between Agarwal Float Glass India IPO and Gayatri Rubbers and Chemicals IPO.

IPO Details

Agarwal Float Glass India IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Gayatri Rubbers and Chemicals IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Agarwal Float Glass India IPO	Gayatri Rubbers and Chemicals IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	GYR Capital Advisors Private Limited	Khambatta Securities Limited
Registrar	Kfin Technologies Limited	Skyline Financial Services Private Ltd
Market Maker	Smc Global Securities Ltd.
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 Agarwal Float Glass India IPO is up to ₹9.20 Cr whereas the issue size of the Gayatri Rubbers and Chemicals IPO is up to ₹4.58 Cr. The final issue price of Agarwal Float Glass India IPO is ₹42.00 per share and of Gayatri Rubbers and Chemicals IPO is ₹30.00 per share.

	Agarwal Float Glass India IPO	Gayatri Rubbers and Chemicals IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹42.00 per share	₹30.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	4000 shares
Fresh Issue Size	21,90,000 shares	15,28,000 shares
Fresh Issue Size (Amount)	up to ₹9.20 Cr	up to ₹4.58 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	21,90,000 shares	15,28,000 shares
Issue Size Total (Amount)	up to ₹9.20 Cr	up to ₹4.58 Cr

IPO Timetable

Agarwal Float Glass India IPO opens on Feb 10, 2023, while Gayatri Rubbers and Chemicals IPO opens on Jan 25, 2023. The closing date of Agarwal Float Glass India IPO and Gayatri Rubbers and Chemicals IPO is Feb 15, 2023, and Jan 30, 2023, respectively.

	Agarwal Float Glass India IPO	Gayatri Rubbers and Chemicals IPO
Anchor Bid Date
Issue Open	Feb 10, 2023	Jan 25, 2023
Issue Close	Feb 15, 2023	Jan 30, 2023
Basis Of Allotment (Tentative)	Feb 20, 2023	Feb 02, 2023
Initiation of Refunds (Tentative)	Feb 21, 2023	Feb 03, 2023
Credit of Share (Tentative)	Feb 22, 2023	Feb 06, 2023
Listing date (Tentative)	Feb 23, 2023	Feb 07, 2023
Anchor Lockin End date 1	Mar 22, 2023	Mar 04, 2023
Anchor Lockin End date 2	May 21, 2023	May 03, 2023

Financials

Agarwal Float Glass India IPO P/E ratio is 5.68, as compared to Gayatri Rubbers and Chemicals IPO P/E ratio of 23.62.

Agarwal Float Glass India IPO

Gayatri Rubbers and Chemicals IPO

Financial

Agarwal Float Glass India Limited Financial Information (Restated Standalone)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	1,767.31	3,227.43	8.83	201.30	-0.84	1,120.38
31-Mar-21	1,811.87	3,188.13	24.73	226.02	23.88	1,175.30
31-Mar-22	1,761.79	4,216.91	101.68	327.68	125.54	1,141.78
30-Sep-22	2,177.31	2,369.04	267.75	595.43	393.29	1,167.91
Amount in ₹ Lakhs

Gayatri Rubbers and Chemicals Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	597.65	656.91	6.75	23.56	7.87	0.00
31-Mar-21	556.56	1,563.08	14.53	171.52	22.39	0.00
31-Mar-22	497.77	1,673.73	81.01	155.41	103.40	263.40
14-Apr-22	573.44	120.80	30.69	185.01	134.09	262.58
31-Dec-22	898.47	1,664.84	54.81	462.19	41.19	78.97
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.99%

100.00%

Promoter Shareholding (Post-Issue)

69.77%

73.37%

P/E Ratio

5.68

23.62

Market Cap

₹30.42 Cr.

₹17.21 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Agarwal Float Glass India IPO retail investors (RII) are offered 10,38,000 shares while in Gayatri Rubbers and Chemicals IPO retail investors are offered 10,38,000 shares. Qualified institutional buyers (QIB) are offered in Agarwal Float Glass India IPO and in Gayatri Rubbers and Chemicals IPO.

	Agarwal Float Glass India IPO	Gayatri Rubbers and Chemicals IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,14,000 shares	80,000 shares
QIB
NII	10,38,000 shares	7,24,000 shares
RII	10,38,000 shares	7,24,000 shares
Employee
Others
Total	20,76,000 shares	14,48,000 shares

Bids Received (Subscription)

Agarwal Float Glass India IPO subscribed 5.16x in total, whereas Gayatri Rubbers and Chemicals IPO subscribed 37.94x.

	Agarwal Float Glass India IPO	Gayatri Rubbers and Chemicals IPO
QIB (times)
NII (times)	3.13x	33.65x
Big NII (times)
Small NII (times)
RII (times)	7.20x	42.23x
Employee (times)
Other (times)
Total (times)	5.16x	37.94x

Compare with others

Agarwal Float Glass India IPO	Gayatri Rubbers and Chemicals IPO
ITCONS E-Solutions IPO	Patron Exim IPO
Viaz Tyres IPO	Lead Reclaim and Rubber Products IPO
Patron Exim IPO	Indong Tea Company IPO
Lead Reclaim and Rubber Products IPO	Agarwal Float Glass India IPO
Indong Tea Company IPO	Shera Energy IPO
Shera Energy IPO	Earthstahl & Alloys IPO
Gayatri Rubbers and Chemicals IPO	Transvoy Logistics India IPO
Earthstahl & Alloys IPO	DHARNI Capital Services IPO
Transvoy Logistics India IPO	Aristo Bio-Tech and Lifescience IPO
DHARNI Capital Services IPO	Ducol Organics And Colours IPO

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