Goel Food Products IPO vs Modis Navnirman IPO

Comparision between Goel Food Products IPO and Modis Navnirman IPO.

IPO Details

Goel Food Products IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Modis Navnirman IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Goel Food Products IPO	Modis Navnirman IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	BSE SME
Lead Managers	Gretex Corporate Services Limited	Aryaman Financial Services Limited
Registrar	Bigshare Services Pvt 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 Goel Food Products IPO is up to ₹7.21 Cr whereas the issue size of the Modis Navnirman IPO is up to ₹22.68 Cr. The final issue price of Goel Food Products IPO is ₹72.00 per share and of Modis Navnirman IPO is ₹180.00 per share.

	Goel Food Products IPO	Modis Navnirman IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹72.00 per share	₹180.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	800 shares
Fresh Issue Size	5,00,800 shares	12,60,000 shares
Fresh Issue Size (Amount)	up to ₹3.61 Cr	up to ₹22.68 Cr
OFS Issue Size	5,00,800 shares
OFS Issue Size (Amount)	up to ₹3.61 Cr
Issue Size Total	10,01,600 shares	12,60,000 shares
Issue Size Total (Amount)	up to ₹7.21 Cr	up to ₹22.68 Cr

IPO Timetable

Goel Food Products IPO opens on Jun 15, 2022, while Modis Navnirman IPO opens on Jun 23, 2022. The closing date of Goel Food Products IPO and Modis Navnirman IPO is Jun 20, 2022, and Jun 28, 2022, respectively.

	Goel Food Products IPO	Modis Navnirman IPO
Anchor Bid Date
Issue Open	Jun 15, 2022	Jun 23, 2022
Issue Close	Jun 20, 2022	Jun 28, 2022
Basis Of Allotment (Tentative)	Jun 23, 2022	Jul 01, 2022
Initiation of Refunds (Tentative)	Jun 24, 2022	Jul 04, 2022
Credit of Share (Tentative)	Jun 27, 2022	Jul 05, 2022
Listing date (Tentative)	Jun 28, 2022	Jul 06, 2022
Anchor Lockin End date 1	Jul 23, 2022	Jul 31, 2022
Anchor Lockin End date 2	Sep 21, 2022	Sep 29, 2022

Financials

Goel Food Products IPO P/E ratio is 10.84, as compared to Modis Navnirman IPO P/E ratio of 57.32.

Goel Food Products IPO

Modis Navnirman IPO

Financial

Goel Food Products Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-19	2903.58	1386.7	148.38	741.93	660.19
31-Mar-20	3532.84	1606.84	63.1	754.48	672.74
31-Mar-21	2654.34	753.85	-0.76	753.73	671.99
31-Dec-21	4563.02	1200.68	187.65	941.38	859.64
Amount in ₹ Lakhs

Modi's Navnirman Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax
31-Mar-20	998.48	2195.46	139.78
31-Mar-21	735.21	1322.34	37.83
31-Mar-22	3098.29	1151.07	132.7
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.98%

Promoter Shareholding (Post-Issue)

73.41%

70.20%

P/E Ratio

10.84

57.32

Market Cap

₹27.15 Cr.

₹76.14 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Goel Food Products IPO retail investors (RII) are offered 4,75,200 shares while in Modis Navnirman IPO retail investors are offered 4,75,200 shares. Qualified institutional buyers (QIB) are offered in Goel Food Products IPO and in Modis Navnirman IPO.

	Goel Food Products IPO	Modis Navnirman IPO
Anchor Investor Reserveration
Market Maker Reserveration	51,200 shares	68,000 shares
QIB
NII	4,75,200 shares	5,96,000 shares
RII	4,75,200 shares	5,96,000 shares
Employee
Others
Total	9,50,400 shares	11,92,000 shares

Bids Received (Subscription)

Goel Food Products IPO subscribed 1.64x in total, whereas Modis Navnirman IPO subscribed 1.99x.

	Goel Food Products IPO	Modis Navnirman IPO
QIB (times)
NII (times)	1.21x	2.76x
Big NII (times)
Small NII (times)
RII (times)	2.07x	1.22x
Employee (times)
Other (times)
Total (times)	1.64x	1.99x

Compare with others

Goel Food Products IPO	Modis Navnirman IPO
Sailani Tours N Travels IPO	Jayant Infratech IPO
Mangalam Worldwide IPO	SKP Bearing Industries IPO
Modis Navnirman IPO	Veerkrupa Jewellers IPO
Pearl Green Clubs and Resorts IPO	Sailani Tours N Travels IPO
KCK Industries IPO	Mangalam Worldwide IPO
Scarnose International IPO	Pearl Green Clubs and Resorts IPO
Silver Pearl Hospitality IPO	KCK Industries IPO
Fidel Softech IPO	Goel Food Products IPO
Globesecure Technologies IPO	Scarnose International IPO
Rachana Infrastructure IPO	Silver Pearl Hospitality IPO

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