GM Polyplast IPO vs Sigma Solve IPO

Comparision between GM Polyplast IPO and Sigma Solve IPO.

IPO Details

GM Polyplast IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Sigma Solve IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	GM Polyplast IPO	Sigma Solve IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	NSE SME
Lead Managers	Gretex Corporate Services Limited	Beeline Broking 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 GM Polyplast IPO is up to ₹8.09 Cr whereas the issue size of the Sigma Solve IPO is up to ₹4.95 Cr. The final issue price of GM Polyplast IPO is ₹159.00 per share and of Sigma Solve IPO is ₹45.00 per share.

	GM Polyplast IPO	Sigma Solve IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹159.00 per share	₹45.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	800 shares	3000 shares
Fresh Issue Size	3,22,800 shares
Fresh Issue Size (Amount)	up to ₹5.13 Cr
OFS Issue Size	1,86,000 shares
OFS Issue Size (Amount)	up to ₹2.96 Cr
Issue Size Total	5,08,800 shares	11,01,000 shares
Issue Size Total (Amount)	up to ₹8.09 Cr	up to ₹4.95 Cr

IPO Timetable

GM Polyplast IPO opens on Sep 30, 2020, while Sigma Solve IPO opens on Sep 29, 2020. The closing date of GM Polyplast IPO and Sigma Solve IPO is Oct 06, 2020, and Oct 09, 2020, respectively.

	GM Polyplast IPO	Sigma Solve IPO
Anchor Bid Date
Issue Open	Sep 30, 2020	Sep 29, 2020
Issue Close	Oct 06, 2020	Oct 09, 2020
Basis Of Allotment (Tentative)	Oct 09, 2020	Oct 14, 2020
Initiation of Refunds (Tentative)	Oct 13, 2020	Oct 15, 2020
Credit of Share (Tentative)	Oct 13, 2020	Oct 15, 2020
Listing date (Tentative)	Oct 14, 2020	Oct 19, 2020
Anchor Lockin End date 1	Nov 08, 2020	Nov 13, 2020
Anchor Lockin End date 2	Jan 07, 2021	Jan 12, 2021

Financials

GM Polyplast IPO P/E ratio is , as compared to Sigma Solve IPO P/E ratio of .

GM Polyplast IPO

Sigma Solve IPO

Financial

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (Rs in Lacs)
	31-Mar-20	31-Mar-19	31-Mar-18
Total Assets	2,482.68	2,537.03	2,533.25
Total Revenue	6,342.98	6,834.50	5,551.24
Profit After Tax	231.80	138.04	92.20

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (Rs in Lacs)
	31-Mar-20	31-Mar-19	31-Mar-18
Total Assets	498.25	226.25	112.17
Total Revenue	568.83	348.79	257.47
Profit After Tax	65.02	34.57	23.36

Promoter Shareholding (Pre-Issue)

100%

Promoter Shareholding (Post-Issue)

73.65%

73.24%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the GM Polyplast IPO retail investors (RII) are offered 2,41,600 shares while in Sigma Solve IPO retail investors are offered 2,41,600 shares. Qualified institutional buyers (QIB) are offered in GM Polyplast IPO and in Sigma Solve IPO.

	GM Polyplast IPO	Sigma Solve IPO
Anchor Investor Reserveration
Market Maker Reserveration	26,000 shares	57,000 shares
QIB
NII	2,41,600 shares	5,22,000 shares
RII	2,41,600 shares	5,22,000 shares
Employee
Others
Total	4,83,200 shares	10,44,000 shares

Bids Received (Subscription)

GM Polyplast IPO subscribed 1.60x in total, whereas Sigma Solve IPO subscribed 1.59x.

	GM Polyplast IPO	Sigma Solve IPO
QIB (times)
NII (times)	2.13x	1.09x
Big NII (times)
Small NII (times)
RII (times)	1.07x	2.09x
Employee (times)
Other (times)
Total (times)	1.60x	1.59x

Compare with others

GM Polyplast IPO	Sigma Solve IPO
Bodhi Tree Multimedia IPO	Net Pix Shorts IPO
Atal Realtech IPO	Shine Fashions IPO
AAA Technologies IPO	Bodhi Tree Multimedia IPO
Sigma Solve IPO	Atal Realtech IPO
Veer Global Infraconstruction IPO	AAA Technologies IPO
Atam Valves SME IPO	Veer Global Infraconstruction IPO
SecMark SME IPO	GM Polyplast IPO
Advait Infratech SME IPO	Atam Valves SME IPO
Hippo Cabs IPO	SecMark SME IPO
Suratwwala Business IPO	Advait Infratech SME IPO

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