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Ramdevbaba Solvent IPO vs Teerth Gopicon IPO

Comparision between Ramdevbaba Solvent IPO and Teerth Gopicon IPO.

IPO Details

Ramdevbaba Solvent IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Teerth Gopicon IPO is a SME Fixed Price Issue proposed to list at NSE SME.

  Ramdevbaba Solvent IPO Teerth Gopicon IPO
Logo Ramdevbaba Solvent IPO Logo Teerth Gopicon IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Book Built Issue Fixed Price Issue
Listing At NSE SME NSE SME
Lead Managers Choice Capital Advisors Pvt Ltd Interactive Financial Services Ltd
Registrar Bigshare Services Pvt Ltd Bigshare Services Pvt Ltd
Market Maker Choice Equity Broking Private Limited Giriraj Stock Broking Private Limited
DRHP DRHP DRHP
RHP RHP RHP
Anchor Investor Anchor Investor
IPO Allotment URL IPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Ramdevbaba Solvent IPO is up to ₹50.27 Cr whereas the issue size of the Teerth Gopicon IPO is up to ₹44.40 Cr. The final issue price of Ramdevbaba Solvent IPO is ₹85.00 per share and of Teerth Gopicon IPO is ₹111.00 per share.

  Ramdevbaba Solvent IPO Teerth Gopicon IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹80.00 per share
Issue Price (Upper) ₹85.00 per share
Issue Price (Final) ₹85.00 per share ₹111.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 1600 shares 1200 shares
Fresh Issue Size 59,13,600 shares 39,99,600 shares
Fresh Issue Size (Amount) up to ₹50.27 Cr up to ₹44.40 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 59,13,600 shares 39,99,600 shares
Issue Size Total (Amount) up to ₹50.27 Cr up to ₹44.40 Cr

IPO Timetable

Ramdevbaba Solvent IPO opens on Apr 15, 2024, while Teerth Gopicon IPO opens on Apr 08, 2024. The closing date of Ramdevbaba Solvent IPO and Teerth Gopicon IPO is Apr 18, 2024, and Apr 10, 2024, respectively.

  Ramdevbaba Solvent IPO Teerth Gopicon IPO
Anchor Bid Date Apr 12, 2024
Issue Open Apr 15, 2024 Apr 08, 2024
Issue Close Apr 18, 2024 Apr 10, 2024
Basis Of Allotment (Tentative) Apr 19, 2024 Apr 12, 2024
Initiation of Refunds (Tentative) Apr 22, 2024 Apr 15, 2024
Credit of Share (Tentative) Apr 22, 2024 Apr 15, 2024
Listing date (Tentative) Apr 23, 2024 Apr 16, 2024
Anchor Lockin End date 1 May 19, 2024
Anchor Lockin End date 2 Jul 18, 2024

Financials

Ramdevbaba Solvent IPO P/E ratio is 10.6, as compared to Teerth Gopicon IPO P/E ratio of 49.55.

  Ramdevbaba Solvent IPO Teerth Gopicon IPO
Financial

Ramdevbaba Solvent Limited Financial Information (Restated)

Ramdevbaba Solvent Limited's revenue increased by 20.35% and profit after tax (PAT) rose by 97.25% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets20,341.2419,062.6113,134.8610,125.05
Revenue46,569.8170,433.4158,525.4642,717.32
Profit After Tax828.901,300.15659.15617.06
Net Worth6,857.154,783.253,483.102,823.95
Reserves and Surplus5,235.974,324.523,024.372,365.22
Total Borrowing9,998.789,922.636,485.674,474.16
Amount in ₹ Lakhs

Teerth Gopicon Limited Financial Information (Restated)

Period Ended31 Jan 202431 Mar 202331 Mar 202231 Mar 2021
Assets13,719.794,743.304,277.163,115.47
Revenue6,970.023,914.873,120.774,620.74
Profit After Tax784.04179.2215.2746.45
Net Worth1,572.74788.70609.49594.22
Reserves and Surplus772.74288.70109.4994.22
Total Borrowing937.18337.981,365.50933.82
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 81.01% 96.5%
Promoter Shareholding (Post-Issue) 64.33%
P/E Ratio 10.6 49.55
Market Cap ₹188.07 Cr. ₹133.20 Cr.
ROE 66.40%%
ROCE 10.76%% 48.40%%
Debt/Equity 1.46 0.6
EPS ₹8.02 ₹2.24
RoNW 14.24%% 22.72%%

Shares Offered

In the Ramdevbaba Solvent IPO retail investors (RII) are offered 19,60,000 shares while in Teerth Gopicon IPO retail investors are offered 19,60,000 shares. Qualified institutional buyers (QIB) are offered 11,20,000 shares in Ramdevbaba Solvent IPO and 0 shares in Teerth Gopicon IPO.

  Ramdevbaba Solvent IPO Teerth Gopicon IPO
Anchor Investor Reserveration 16,80,000 shares
Market Maker Reserveration 3,13,600 shares 2,00,400 shares
QIB 11,20,000 shares 0 shares
NII 8,40,000 shares 18,99,600 shares
RII 19,60,000 shares 18,99,600 shares
Employee 0 shares 0 shares
Others
Total 39,20,000 shares 37,99,200 shares

Bids Received (Subscription)

Ramdevbaba Solvent IPO subscribed 126.21x in total, whereas Teerth Gopicon IPO subscribed 75.54x.

  Ramdevbaba Solvent IPO Teerth Gopicon IPO
QIB (times) 65.95x
NII (times) 314.46x 97.12x
Big NII (times)
Small NII (times)
RII (times) 79.96x 44.33x
Employee (times)
Other (times)
Total (times) 126.21x 75.54x

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