Party Cruisers IPO vs Shine Fashions IPO

Comparision between Party Cruisers IPO and Shine Fashions IPO.

IPO Details

Party Cruisers IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Shine Fashions IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Party Cruisers IPO	Shine Fashions 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	First Overseas Capital Limited	Shreni Shares Limited
Registrar	Kfin Technologies Limited	Cameo Corporate Services Limited
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 Party Cruisers IPO is up to ₹7.75 Cr whereas the issue size of the Shine Fashions IPO is up to ₹1.60 Cr. The final issue price of Party Cruisers IPO is ₹51.00 per share and of Shine Fashions IPO is ₹40.00 per share.

	Party Cruisers IPO	Shine Fashions IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹51.00 per share	₹40.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	3000 shares
Fresh Issue Size		3,99,000 shares
Fresh Issue Size (Amount)		up to ₹1.60 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	15,20,000 shares	3,99,000 shares
Issue Size Total (Amount)	up to ₹7.75 Cr	up to ₹1.60 Cr

IPO Timetable

Party Cruisers IPO opens on Feb 22, 2021, while Shine Fashions IPO opens on Oct 22, 2020. The closing date of Party Cruisers IPO and Shine Fashions IPO is Feb 25, 2021, and Oct 26, 2020, respectively.

	Party Cruisers IPO	Shine Fashions IPO
Anchor Bid Date
Issue Open	Feb 22, 2021	Oct 22, 2020
Issue Close	Feb 25, 2021	Oct 26, 2020
Basis Of Allotment (Tentative)	Mar 02, 2021
Initiation of Refunds (Tentative)	Mar 03, 2021
Credit of Share (Tentative)	Mar 04, 2021
Listing date (Tentative)	Mar 05, 2021
Anchor Lockin End date 1	Apr 01, 2021
Anchor Lockin End date 2	May 31, 2021

Financials

Party Cruisers IPO P/E ratio is , as compared to Shine Fashions IPO P/E ratio of .

Party Cruisers IPO

Shine Fashions IPO

Financial

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in Lakh)
	30-Sep-20	31-Mar-20	31-Mar-19	31-Mar-18
Total Assets	1169.44	1227.70	1194.35	1014.12
Total Revenue	171.49	1588.58	1888.17	1535.67
Profit After Tax	14.84	130.15	193.47	147.80

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (Rs in lakhs)
	31-Dec-19
Total Assets	447.27
Total Revenue	511.83
Profit After Tax	42.21

Promoter Shareholding (Pre-Issue)

94.30%

99.98%

Promoter Shareholding (Post-Issue)

68.71%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Party Cruisers IPO retail investors (RII) are offered 7,22,000 shares while in Shine Fashions IPO retail investors are offered 7,22,000 shares. Qualified institutional buyers (QIB) are offered in Party Cruisers IPO and in Shine Fashions IPO.

	Party Cruisers IPO	Shine Fashions IPO
Anchor Investor Reserveration
Market Maker Reserveration	76 shares	21,000 shares
QIB
NII	7,22,000 shares	1,89,000 shares
RII	7,22,000 shares	1,89,000 shares
Employee
Others
Total	14,44,000 shares	3,78,000 shares

Bids Received (Subscription)

Party Cruisers IPO subscribed in total, whereas Shine Fashions IPO subscribed 1.73x.

	Party Cruisers IPO	Shine Fashions IPO
QIB (times)
NII (times)		1.83x
Big NII (times)
Small NII (times)
RII (times)		1.63x
Employee (times)
Other (times)
Total (times)		1.73x

Compare with others

Party Cruisers IPO	Shine Fashions IPO
Rangoli Tradecomm IPO	ADJIA Technologies IPO
KMEW IPO	Pavna Industries IPO
Ashapuri Gold Ornament FPO	Party Cruisers IPO
ADJIA Technologies IPO	MRP Agro IPO
Pavna Industries IPO	Net Pix Shorts IPO
MRP Agro 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

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