PNGS Gargi Fashion Jewellery IPO vs RBM Infracon IPO

Comparision between PNGS Gargi Fashion Jewellery IPO and RBM Infracon IPO.

IPO Details

PNGS Gargi Fashion Jewellery IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while RBM Infracon IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	PNGS Gargi Fashion Jewellery IPO	RBM Infracon IPO
Logo		$RBM Infracon IPO Logo$
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	NSE SME
Lead Managers	Shreni Shares Limited	Beeline Capital Advisors Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Skyline Financial Services Private Ltd
Market Maker	Shreni Shares Limited	Sunflower Broking Private Limited
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 PNGS Gargi Fashion Jewellery IPO is up to ₹7.80 Cr whereas the issue size of the RBM Infracon IPO is up to ₹8.37 Cr. The final issue price of PNGS Gargi Fashion Jewellery IPO is ₹30.00 per share and of RBM Infracon IPO is ₹36.00 per share.

	PNGS Gargi Fashion Jewellery IPO	RBM Infracon IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹30.00 per share	₹36.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	4000 shares	3000 shares
Fresh Issue Size	26,00,000 shares	23,25,000 shares
Fresh Issue Size (Amount)	up to ₹7.80 Cr	up to ₹8.37 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	26,00,000 shares	23,25,000 shares
Issue Size Total (Amount)	up to ₹7.80 Cr	up to ₹8.37 Cr

IPO Timetable

PNGS Gargi Fashion Jewellery IPO opens on Dec 08, 2022, while RBM Infracon IPO opens on Dec 23, 2022. The closing date of PNGS Gargi Fashion Jewellery IPO and RBM Infracon IPO is Dec 13, 2022, and Dec 27, 2022, respectively.

	PNGS Gargi Fashion Jewellery IPO	RBM Infracon IPO
Anchor Bid Date
Issue Open	Dec 08, 2022	Dec 23, 2022
Issue Close	Dec 13, 2022	Dec 27, 2022
Basis Of Allotment (Tentative)	Dec 16, 2022	Dec 30, 2022
Initiation of Refunds (Tentative)	Dec 19, 2022	Jan 02, 2023
Credit of Share (Tentative)	Dec 20, 2022	Jan 03, 2023
Listing date (Tentative)	Dec 20, 2022	Jan 04, 2023
Anchor Lockin End date 1	Jan 15, 2023	Jan 29, 2023
Anchor Lockin End date 2	Mar 16, 2023	Mar 30, 2023

Financials

PNGS Gargi Fashion Jewellery IPO P/E ratio is 6.77, as compared to RBM Infracon IPO P/E ratio of 11.61.

PNGS Gargi Fashion Jewellery IPO

RBM Infracon IPO

Financial

PNGS Gargi Fashion Jewellery Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	2.93	0	0.1	1.28	0.36
31-Mar-21	2.64	0.63	0.35	1.62	0.36
31-Mar-22	836.2	593.94	110.53	109.5	531.28
30-Sep-22	1247.77	1189.18	213.17	1072.71
Amount in ₹ Lakhs

RBM Infracon Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	2115.97	3516.78	-12.03	540.44	488.44	666.85
31-Mar-21	2333.62	3888.74	-133.24	462.54	406.94	813.41
31-Mar-22	2503.6	4763.06	190.99	653.52	597.92	850.9
30-Jun-22	2450.29	1027.2	65.4	718.93	663.33	641.41
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100%

100.00%

Promoter Shareholding (Post-Issue)

73%

72.45%

P/E Ratio

6.77

11.61

Market Cap

₹28.88 Cr.

₹30.39 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the PNGS Gargi Fashion Jewellery IPO retail investors (RII) are offered 12,32,000 shares while in RBM Infracon IPO retail investors are offered 12,32,000 shares. Qualified institutional buyers (QIB) are offered in PNGS Gargi Fashion Jewellery IPO and in RBM Infracon IPO.

	PNGS Gargi Fashion Jewellery IPO	RBM Infracon IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,36,000 shares	1,17,000 shares
QIB
NII	12,32,000 shares	11,04,000 shares
RII	12,32,000 shares	11,04,000 shares
Employee
Others
Total	24,64,000 shares	22,08,000 shares

Bids Received (Subscription)

PNGS Gargi Fashion Jewellery IPO subscribed 230.94x in total, whereas RBM Infracon IPO subscribed 40.32x.

	PNGS Gargi Fashion Jewellery IPO	RBM Infracon IPO
QIB (times)
NII (times)	213.21x	46.32x
Big NII (times)
Small NII (times)
RII (times)	248.68x	34.33x
Employee (times)
Other (times)
Total (times)	230.94x	40.32x

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