A1 Acid IPO vs Rajnandini Metal IPO

Comparision between A1 Acid IPO and Rajnandini Metal IPO.

IPO Details

A1 Acid IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Rajnandini Metal IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	A1 Acid IPO	Rajnandini Metal 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	Guiness Corporate Advisors Pvt Ltd	Corporate Capitalventures Pvt Ltd
Registrar	Cameo Corporate Services 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 A1 Acid IPO is up to ₹18.00 Cr whereas the issue size of the Rajnandini Metal IPO is up to ₹4.27 Cr. The final issue price of A1 Acid IPO is ₹60.00 per share and of Rajnandini Metal IPO is ₹26.00 per share.

	A1 Acid IPO	Rajnandini Metal IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹60.00 per share	₹26.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	4000 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	30,00,000 shares	16,44,000 shares
Issue Size Total (Amount)	up to ₹18.00 Cr	up to ₹4.27 Cr

IPO Timetable

A1 Acid IPO opens on Sep 25, 2018, while Rajnandini Metal IPO opens on Sep 24, 2018. The closing date of A1 Acid IPO and Rajnandini Metal IPO is Oct 01, 2018, and Sep 27, 2018, respectively.

	A1 Acid IPO	Rajnandini Metal IPO
Anchor Bid Date
Issue Open	Sep 25, 2018	Sep 24, 2018
Issue Close	Oct 01, 2018	Sep 27, 2018
Basis Of Allotment (Tentative)
Initiation of Refunds (Tentative)
Credit of Share (Tentative)
Listing date (Tentative)
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials

A1 Acid IPO P/E ratio is , as compared to Rajnandini Metal IPO P/E ratio of .

A1 Acid IPO

Rajnandini Metal IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Lakhs)
	31-Mar-18	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14
Total Assets	3,934.59	3,765.29	2,593.89	2,415.72	2,436.23
Total Revenue	9,616.50	10,579.67	8,539.29	9,700.82	10,114.03
Profit After Tax	247.88	300.04	92.48	12.61	(12.39)

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Lakhs)
	31-Mar-18	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13
Total Assets	3,883.98	4,250.62	3,437.18	3,316.57	4,590.35	3,830.85
Total Revenue	14,115.52	12,730.96	13,654.76	10,983.81	10,437.12	9,010.76
Profit After Tax	102.87	55.21	31.62	55.41	40.74	39.07

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the A1 Acid IPO retail investors (RII) are offered 14,22,000 shares while in Rajnandini Metal IPO retail investors are offered 14,22,000 shares. Qualified institutional buyers (QIB) are offered in A1 Acid IPO and in Rajnandini Metal IPO.

	A1 Acid IPO	Rajnandini Metal IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,56,000 shares	84,000 shares
QIB
NII	14,22,000 shares	7,80,000 shares
RII	14,22,000 shares	7,80,000 shares
Employee
Others
Total	28,44,000 shares	15,60,000 shares

Bids Received (Subscription)

A1 Acid IPO subscribed 1.81x in total, whereas Rajnandini Metal IPO subscribed 1.38x.

	A1 Acid IPO	Rajnandini Metal IPO
QIB (times)
NII (times)	2.37x	2.38x
Big NII (times)
Small NII (times)
RII (times)	1.25x	0.38x
Employee (times)
Other (times)
Total (times)	1.81x	1.38x

Compare with others

A1 Acid IPO	Rajnandini Metal IPO
Silgo Retail IPO	Vinny Overseas IPO
Marine Electricals IPO	Kritika Wires IPO
Parin Furniture IPO	Silgo Retail IPO
Rajnandini Metal IPO	Marine Electricals IPO
Mindpool Technologies IPO	Parin Furniture IPO
Innovative Ideals IPO	Mindpool Technologies IPO
Mac Hotels IPO	A1 Acid IPO
Sky Gold IPO	Innovative Ideals IPO
Manorama Industries IPO	Mac Hotels IPO
Kshitij Polyline IPO	Sky Gold IPO

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