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Emmforce Autotech IPO vs Ramdevbaba Solvent IPO

Comparision between Emmforce Autotech IPO and Ramdevbaba Solvent IPO.

IPO Details

Emmforce Autotech IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Ramdevbaba Solvent IPO is a SME Book Built Issue proposed to list at NSE SME.

  Emmforce Autotech IPO Ramdevbaba Solvent IPO
Logo Emmforce Autotech IPO Logo Ramdevbaba Solvent IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Book Built Issue Book Built Issue
Listing At BSE SME NSE SME
Lead Managers Beeline Capital Advisors Pvt Ltd Choice Capital Advisors Pvt Ltd
Registrar Link Intime India Private Ltd Bigshare Services Pvt Ltd
Market Maker Spread X Securities Private Limited Choice Equity Broking Private Limited
DRHP DRHP DRHP
RHP RHP RHP
Anchor Investor Anchor Investor Anchor Investor
IPO Allotment URL IPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Emmforce Autotech IPO is up to ₹53.90 Cr whereas the issue size of the Ramdevbaba Solvent IPO is up to ₹50.27 Cr. The final issue price of Emmforce Autotech IPO is ₹98.00 per share and of Ramdevbaba Solvent IPO is ₹85.00 per share.

  Emmforce Autotech IPO Ramdevbaba Solvent IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹93.00 per share ₹80.00 per share
Issue Price (Upper) ₹98.00 per share ₹85.00 per share
Issue Price (Final) ₹98.00 per share ₹85.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 1200 shares 1600 shares
Fresh Issue Size 54,99,600 shares 59,13,600 shares
Fresh Issue Size (Amount) up to ₹53.90 Cr up to ₹50.27 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 54,99,600 shares 59,13,600 shares
Issue Size Total (Amount) up to ₹53.90 Cr up to ₹50.27 Cr

IPO Timetable

Emmforce Autotech IPO opens on Apr 23, 2024, while Ramdevbaba Solvent IPO opens on Apr 15, 2024. The closing date of Emmforce Autotech IPO and Ramdevbaba Solvent IPO is Apr 25, 2024, and Apr 18, 2024, respectively.

  Emmforce Autotech IPO Ramdevbaba Solvent IPO
Anchor Bid Date Apr 22, 2024 Apr 12, 2024
Issue Open Apr 23, 2024 Apr 15, 2024
Issue Close Apr 25, 2024 Apr 18, 2024
Basis Of Allotment (Tentative) Apr 26, 2024 Apr 19, 2024
Initiation of Refunds (Tentative) Apr 29, 2024 Apr 22, 2024
Credit of Share (Tentative) Apr 29, 2024 Apr 22, 2024
Listing date (Tentative) Apr 30, 2024 Apr 23, 2024
Anchor Lockin End date 1 May 26, 2024 May 19, 2024
Anchor Lockin End date 2 Jul 25, 2024 Jul 18, 2024

Financials

Emmforce Autotech IPO P/E ratio is 33.5, as compared to Ramdevbaba Solvent IPO P/E ratio of 10.6.

  Emmforce Autotech IPO Ramdevbaba Solvent IPO
Financial

Emmforce Autotech Limited Financial Information (Restated)

Emmforce Autotech Limited's revenue decreased by -31.7% and profit after tax (PAT) dropped by -40.1% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Oct 202331 Mar 202331 Mar 202231 Mar 2021
Assets5,597.134,895.405,257.363,384.41
Revenue4,790.314,875.327,138.135,185.32
Profit After Tax511.78438.85732.58508.91
Net Worth1,500.002,344.952,129.091,524.82
Reserves and Surplus43.72
Total Borrowing2,404.251,535.431,651.09501.70
Amount in ₹ Lakhs

Ramdevbaba Solvent Limited Financial Information (Restated)

Ramdevbaba Solvent Limited's revenue increased by 20.35% and profit after tax (PAT) rose by 97.25% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets20,341.2419,062.6113,134.8610,125.05
Revenue46,569.8170,433.4158,525.4642,717.32
Profit After Tax828.901,300.15659.15617.06
Net Worth6,857.154,783.253,483.102,823.95
Reserves and Surplus5,235.974,324.523,024.372,365.22
Total Borrowing9,998.789,922.636,485.674,474.16
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 100.00% 81.01%
Promoter Shareholding (Post-Issue) 73.17%
P/E Ratio 33.5 10.6
Market Cap ₹200.90 Cr. ₹188.07 Cr.
ROE
ROCE 10.76%%
Debt/Equity 1.46
EPS ₹2.93 ₹8.02
RoNW 2.83% 14.24%%

Shares Offered

In the Emmforce Autotech IPO retail investors (RII) are offered 18,28,800 shares while in Ramdevbaba Solvent IPO retail investors are offered 18,28,800 shares. Qualified institutional buyers (QIB) are offered 10,45,200 shares in Emmforce Autotech IPO and 11,20,000 shares in Ramdevbaba Solvent IPO.

  Emmforce Autotech IPO Ramdevbaba Solvent IPO
Anchor Investor Reserveration 15,66,000 shares 16,80,000 shares
Market Maker Reserveration 2,76,000 shares 3,13,600 shares
QIB 10,45,200 shares 11,20,000 shares
NII 7,83,600 shares 8,40,000 shares
RII 18,28,800 shares 19,60,000 shares
Employee 0 shares 0 shares
Others
Total 36,57,600 shares 39,20,000 shares

Bids Received (Subscription)

Emmforce Autotech IPO subscribed 364.37x in total, whereas Ramdevbaba Solvent IPO subscribed 126.21x.

  Emmforce Autotech IPO Ramdevbaba Solvent IPO
QIB (times) 160.58x 65.95x
NII (times) 861.98x 314.46x
Big NII (times)
Small NII (times)
RII (times) 267.62x 79.96x
Employee (times)
Other (times)
Total (times) 364.37x 126.21x

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