RO Jewels IPO vs Tranway IPO

Comparision between RO Jewels IPO and Tranway IPO.

IPO Details

RO Jewels IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Tranway IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	RO Jewels IPO	Tranway IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	BSE SME
Lead Managers	First Overseas Capital Limited	Finshore Management Services Limited
Registrar	Kfin Technologies Limited	Link Intime India Private 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 RO Jewels IPO is up to ₹4.91 Cr whereas the issue size of the Tranway IPO is up to ₹4.24 Cr. The final issue price of RO Jewels IPO is ₹36.00 per share and of Tranway IPO is ₹10.00 per share.

	RO Jewels IPO	Tranway IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹36.00 per share	₹10.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	10000 shares
Fresh Issue Size		42,40,000 shares
Fresh Issue Size (Amount)		up to ₹4.24 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	13,65,000 shares	42,40,000 shares
Issue Size Total (Amount)	up to ₹4.91 Cr	up to ₹4.24 Cr

IPO Timetable

RO Jewels IPO opens on Mar 12, 2020, while Tranway IPO opens on Jan 27, 2020. The closing date of RO Jewels IPO and Tranway IPO is Mar 17, 2020, and Jan 29, 2020, respectively.

	RO Jewels IPO	Tranway IPO
Anchor Bid Date
Issue Open	Mar 12, 2020	Jan 27, 2020
Issue Close	Mar 17, 2020	Jan 29, 2020
Basis Of Allotment (Tentative)	Mar 20, 2020	Feb 03, 2020
Initiation of Refunds (Tentative)	Mar 23, 2020	Feb 04, 2020
Credit of Share (Tentative)	Mar 24, 2020	Feb 05, 2020
Listing date (Tentative)	Mar 25, 2020	Feb 05, 2020
Anchor Lockin End date 1	Apr 19, 2020	Mar 04, 2020
Anchor Lockin End date 2	Jun 18, 2020	May 03, 2020

Financials

RO Jewels IPO P/E ratio is 34, as compared to Tranway IPO P/E ratio of 90.

RO Jewels IPO

Tranway IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (Rs in Lakhs)
	30-Sep-19	31-Mar-19	31-Mar-18	31-Mar-17
Total Assets	580.25	179.06	230.49	156.13
Total Revenue	1,047.22	424.34	975.70	574.40
Profit After Tax	15.05	1.49	6.85	5.87

Summary of financial Information (Restated)
Particulars	For the year/period ended (Rs in Lakhs)
	30-Sept-19	31-Mar-19	31-Mar-18	31-Mar-17
Total Assets	2,71.09	2,13.50	2,42.46	1,08.48
Total Revenue	2,29.22	5,17.53	3,93.93	3,11.73
Profit After Tax	6.34	24.01	11.37	12.34

Promoter Shareholding (Pre-Issue)

87.38%

99.98%

Promoter Shareholding (Post-Issue)

45.26%

59.99%

P/E Ratio

Market Cap

₹10.20 Cr.

₹10.60 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the RO Jewels IPO retail investors (RII) are offered 6,48,000 shares while in Tranway IPO retail investors are offered 6,48,000 shares. Qualified institutional buyers (QIB) are offered in RO Jewels IPO and in Tranway IPO.

	RO Jewels IPO	Tranway IPO
Anchor Investor Reserveration
Market Maker Reserveration	69,000 shares	2,20,000 shares
QIB
NII	6,48,000 shares	20,10,000 shares
RII	6,48,000 shares	20,10,000 shares
Employee
Others
Total	12,96,000 shares	40,20,000 shares

Bids Received (Subscription)

RO Jewels IPO subscribed 1.19x in total, whereas Tranway IPO subscribed 1.98x.

	RO Jewels IPO	Tranway IPO
QIB (times)		0.00x
NII (times)	1.95x	1.09x
Big NII (times)
Small NII (times)
RII (times)	0.43x	2.87x
Employee (times)
Other (times)
Total (times)	1.19x	1.98x

Compare with others

RO Jewels IPO	Tranway IPO
Billwin Industries IPO	Nirmitee Robotics IPO
DJ Mediaprint IPO	RO Jewels IPO
Laxmi Goldorna IPO	SM Auto IPO
Cospower Engineering IPO	ICL Dairy IPO
Nirmitee Robotics IPO	CBC Pharma IPO
SM Auto IPO	Madhav Copper FPO
ICL Dairy IPO	Janus IPO
CBC Pharma IPO	HindPrakash IPO
Tranway IPO	Gian Lifecare IPO
Madhav Copper FPO	Vaxtex Cotfab IPO

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