Earum IPO vs Gensol Engineering IPO

Comparision between Earum IPO and Gensol Engineering IPO.

IPO Details

Earum IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Gensol Engineering IPO is a SME Book Built Issue proposed to list at BSE SME.

	Earum IPO	Gensol Engineering IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	BSE SME	BSE SME
Lead Managers	Hem Securities Limited	Pantomath Capital Advisors Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Link Intime India Private 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 Earum IPO is up to ₹6.65 Cr whereas the issue size of the Gensol Engineering IPO is up to ₹17.93 Cr. The final issue price of Earum IPO is ₹36.00 per share and of Gensol Engineering IPO is ₹83.00 per share.

	Earum IPO	Gensol Engineering IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹81.00 per share
Issue Price (Upper)		₹83.00 per share
Issue Price (Final)	₹36.00 per share	₹83.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	1600 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	18,48,000 shares	21,60,000 shares
Issue Size Total (Amount)	up to ₹6.65 Cr	up to ₹17.93 Cr

IPO Timetable

Earum IPO opens on Jun 21, 2019, while Gensol Engineering IPO opens on Sep 30, 2019. The closing date of Earum IPO and Gensol Engineering IPO is Jun 26, 2019, and Oct 04, 2019, respectively.

	Earum IPO	Gensol Engineering IPO
Anchor Bid Date
Issue Open	Jun 21, 2019	Sep 30, 2019
Issue Close	Jun 26, 2019	Oct 04, 2019
Basis Of Allotment (Tentative)	Jul 01, 2019	Oct 10, 2019
Initiation of Refunds (Tentative)	Jul 02, 2019	Oct 11, 2019
Credit of Share (Tentative)	Jul 03, 2019	Oct 14, 2019
Listing date (Tentative)	Jul 04, 2019	Oct 15, 2019
Anchor Lockin End date 1	Jul 31, 2019	Nov 09, 2019
Anchor Lockin End date 2	Sep 29, 2019	Jan 08, 2020

Financials

Earum IPO P/E ratio is , as compared to Gensol Engineering IPO P/E ratio of .

Earum IPO

Gensol Engineering IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Lakhs)
	31-Dec-18	31-Mar-18	31-Dec-17	31-Mar-16
Total Assets	2,741.00	2,052.88	1,108.45	878.71
Total Revenue	3,449.85	3,543.67	2,333.95	1,856.66
Profit After Tax	86.51	85.65	15.98	9.76

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Lakhs)
	31-Mar-19	31-Mar-18	31-Mar-17
Total Assets	4,288.66	2,643.71	996.80
Total Revenue	8,385.43	6,964.42	6,231.77
Profit After Tax	649.68	533.66	118.90

Promoter Shareholding (Pre-Issue)

100%

96%

Promoter Shareholding (Post-Issue)

70.04%

70.72%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Earum IPO retail investors (RII) are offered 8,76,000 shares while in Gensol Engineering IPO retail investors are offered 8,76,000 shares. Qualified institutional buyers (QIB) are offered in Earum IPO and in Gensol Engineering IPO.

	Earum IPO	Gensol Engineering IPO
Anchor Investor Reserveration
Market Maker Reserveration	96,000 shares	1,08,800 shares
QIB
NII	8,76,000 shares	10,25,600 shares
RII	8,76,000 shares	10,25,600 shares
Employee
Others
Total	17,52,000 shares	20,51,200 shares

Bids Received (Subscription)

Earum IPO subscribed 1.60x in total, whereas Gensol Engineering IPO subscribed 1.32x.

	Earum IPO	Gensol Engineering IPO
QIB (times)
NII (times)	1.72x	2.27x
Big NII (times)
Small NII (times)
RII (times)	1.48x	0.37x
Employee (times)
Other (times)
Total (times)	1.60x	1.32x

Compare with others

Earum IPO	Gensol Engineering IPO
Wonder Fibromats IPO	Earum IPO
City Pulse IPO	Parshva Enterprises IPO
SK International IPO	Anand Rayons IPO
AB Infrabuild IPO	Meera Industries FPO
SBC Exports IPO	Suich Industries IPO
Parshva Enterprises IPO	Par Drugs IPO
Anand Rayons IPO	Evans Electric IPO
Meera Industries FPO	White Organic IPO
Suich Industries IPO	Artemis Electricals IPO
Gensol Engineering IPO	GKP Printing IPO

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