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Laxmi Goldorna IPO vs SM Auto IPO

Comparision between Laxmi Goldorna IPO and SM Auto IPO.

IPO Details

Laxmi Goldorna IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while SM Auto IPO is a SME Fixed Price Issue proposed to list at BSE SME.

  Laxmi Goldorna IPO SM Auto IPO
Logo Laxmi Goldorna IPO Logo SM Auto 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 Beeline Broking Ltd Hem Securities Limited
Registrar Kfin Technologies Limited 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 Laxmi Goldorna IPO is up to ₹8.28 Cr whereas the issue size of the SM Auto IPO is up to ₹6.91 Cr. The final issue price of Laxmi Goldorna IPO is ₹15.00 per share and of SM Auto IPO is ₹18.00 per share.

  Laxmi Goldorna IPO SM Auto IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final) ₹15.00 per share ₹18.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 8000 shares 8000 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 55,20,000 shares 38,40,000 shares
Issue Size Total (Amount) up to ₹8.28 Cr up to ₹6.91 Cr

IPO Timetable

Laxmi Goldorna IPO opens on Mar 20, 2020, while SM Auto IPO opens on Mar 03, 2020. The closing date of Laxmi Goldorna IPO and SM Auto IPO is Apr 03, 2020, and Mar 05, 2020, respectively.

  Laxmi Goldorna IPO SM Auto IPO
Anchor Bid Date
Issue Open Mar 20, 2020 Mar 03, 2020
Issue Close Apr 03, 2020 Mar 05, 2020
Basis Of Allotment (Tentative) Mar 11, 2020
Initiation of Refunds (Tentative) Mar 12, 2020
Credit of Share (Tentative) Mar 13, 2020
Listing date (Tentative) Mar 16, 2020
Anchor Lockin End date 1 Apr 10, 2020
Anchor Lockin End date 2 Jun 09, 2020

Financials

Laxmi Goldorna IPO P/E ratio is 39, as compared to SM Auto IPO P/E ratio of 300.

  Laxmi Goldorna IPO SM Auto IPO
Financial
Summary of financial Information (Restated)
Particulars For the year/period ended (Rs in Lakh)
30-Sept-19 31-Mar-19 31-Mar-18 31-Mar-17
Total Assets 4,294.28 3,943.94 3,879.01 1,028.52
Total Revenue 3,877.66 7,344.97 6,977.25 5,242.52
Profit After Tax 40.16 66.82 44.06 58.05
Summary of financial Information (Restated)
Particulars For the year/period ended (Rs in Lakhs)
30-Sept-19 (for 6 months) 31-Mar-19 31-Mar-18 31-Mar-17
Total Assets 4,725.75 5,332.17 5,289.03 5,252.40
Total Revenue 3,221.67 7,630.09 6,589.74 5,336.30
Profit After Tax 4,70 265.40 84.00 (173.11)
Promoter Shareholding (Pre-Issue) 100% 99.99%
Promoter Shareholding (Post-Issue) 73.54% 73.11%
P/E Ratio 39 300
Market Cap ₹31.31 Cr. ₹25.72 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Laxmi Goldorna IPO retail investors (RII) are offered 26,16,000 shares while in SM Auto IPO retail investors are offered 26,16,000 shares. Qualified institutional buyers (QIB) are offered in Laxmi Goldorna IPO and in SM Auto IPO.

  Laxmi Goldorna IPO SM Auto IPO
Anchor Investor Reserveration
Market Maker Reserveration 2,88,000 shares 36,00,000 shares
QIB
NII 26,16,000 shares 18,20,000 shares
RII 26,16,000 shares 18,20,000 shares
Employee
Others
Total 52,32,000 shares 36,40,000 shares

Bids Received (Subscription)

Laxmi Goldorna IPO subscribed 1.21x in total, whereas SM Auto IPO subscribed 1.34x.

  Laxmi Goldorna IPO SM Auto IPO
QIB (times)
NII (times) 2.22x 2.21x
Big NII (times)
Small NII (times)
RII (times) 0.20x 0.47x
Employee (times)
Other (times)
Total (times) 1.21x 1.34x

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