Ganga Forging (GFL) IPO vs Raw Edge Industrial Solutions IPO

Comparision between Ganga Forging (GFL) IPO and Raw Edge Industrial Solutions IPO.

IPO Details

Ganga Forging (GFL) IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Raw Edge Industrial Solutions IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Ganga Forging (GFL) IPO	Raw Edge Industrial Solutions IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Pantomath Capital Advisors Pvt Ltd	Guiness Corporate Advisors Pvt Ltd
Registrar	Link Intime India Private Ltd	Bigshare Services Pvt 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 Ganga Forging (GFL) IPO is up to ₹5.00 Cr whereas the issue size of the Raw Edge Industrial Solutions IPO is up to ₹16.50 Cr. The final issue price of Ganga Forging (GFL) IPO is ₹21.00 per share and of Raw Edge Industrial Solutions IPO is ₹72.00 per share.

	Ganga Forging (GFL) IPO	Raw Edge Industrial Solutions IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹21.00 per share	₹72.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	6000 shares	1600 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	23,82,000 shares	22,91,200 shares
Issue Size Total (Amount)	up to ₹5.00 Cr	up to ₹16.50 Cr

IPO Timetable

Ganga Forging (GFL) IPO opens on Jun 29, 2018, while Raw Edge Industrial Solutions IPO opens on Jul 05, 2018. The closing date of Ganga Forging (GFL) IPO and Raw Edge Industrial Solutions IPO is Jul 03, 2018, and Jul 10, 2018, respectively.

	Ganga Forging (GFL) IPO	Raw Edge Industrial Solutions IPO
Anchor Bid Date
Issue Open	Jun 29, 2018	Jul 05, 2018
Issue Close	Jul 03, 2018	Jul 10, 2018
Basis Of Allotment (Tentative)	Jul 06, 2018
Initiation of Refunds (Tentative)	Jul 09, 2018
Credit of Share (Tentative)	Jul 10, 2018
Listing date (Tentative)	Jul 11, 2018
Anchor Lockin End date 1	Aug 05, 2018
Anchor Lockin End date 2	Oct 04, 2018

Financials

Ganga Forging (GFL) IPO P/E ratio is , as compared to Raw Edge Industrial Solutions IPO P/E ratio of .

Ganga Forging (GFL) IPO

Raw Edge Industrial Solutions IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Lakhs)
	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13
Total Assets	1,514.46	1,345.33	1,202.73	1,708.34	858.33
Total Revenue	1,779.17	1,769.45	1,557.19	1,695.99	1,556.93
Profit After Tax	48.49	25.26	46.58	60.74	32.12

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Lakhs)
	31-Jan-18	31-Mar-18	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14
Total Assets	2,912.26	2,718.57	2,305.11	1,488.56	1,377.22	774.00
Total Revenue	4,498.74	4,860.73	4,133.55	3,826.82	3,349.57	6,662.21
Profit After Tax	133.40	61.63	58.05	44.71	70.41	81.50

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Ganga Forging (GFL) IPO retail investors (RII) are offered 11,28,000 shares while in Raw Edge Industrial Solutions IPO retail investors are offered 11,28,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Ganga Forging (GFL) IPO and 0 shares in Raw Edge Industrial Solutions IPO.

	Ganga Forging (GFL) IPO	Raw Edge Industrial Solutions IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,26,000 shares	1,15,200 shares
QIB	0 shares	0 shares
NII	11,28,000 shares	10,88,000 shares
RII	11,28,000 shares	10,88,000 shares
Employee
Others
Total	23,82,000 shares	21,76,000 shares

Bids Received (Subscription)

Ganga Forging (GFL) IPO subscribed 1.78x in total, whereas Raw Edge Industrial Solutions IPO subscribed 1.10x.

	Ganga Forging (GFL) IPO	Raw Edge Industrial Solutions IPO
QIB (times)
NII (times)	0.84x	1.41x
Big NII (times)
Small NII (times)
RII (times)	2.80x	0.78x
Employee (times)
Other (times)	1.00x
Total (times)	1.78x	1.10x

Compare with others

Ganga Forging (GFL) IPO	Raw Edge Industrial Solutions IPO
Avon Moldplast IPO	Deep Polymers Limited
Powerful Technologies IPO	Saketh Exim IPO
Raw Edge Industrial Solutions IPO	Supershakti Metaliks IPO
Ambani Organics IPO	Avon Moldplast IPO
Ganesh Films IPO	Powerful Technologies IPO
Jakharia Fabric IPO	Ambani Organics IPO
Rajnish Wellness IPO	Ganesh Films IPO
Bright Solar IPO	Ganga Forging (GFL) IPO
Rudrabhishek Enterprises IPO	Jakharia Fabric IPO
Ushanti Colour Chem IPO	Rajnish Wellness IPO

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