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GSM Foils IPO vs Rulka Electricals IPO

Comparision between GSM Foils IPO and Rulka Electricals IPO.

IPO Details

GSM Foils IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Rulka Electricals IPO is a SME Book Built Issue proposed to list at NSE SME.

  GSM Foils IPO Rulka Electricals IPO
Logo GSM Foils IPO Logo Rulka Electricals IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Book Built Issue
Listing At NSE SME NSE SME
Lead Managers Shreni Shares Limited Beeline Capital Advisors Pvt Ltd
Registrar Bigshare Services Pvt Ltd Bigshare Services Pvt Ltd
Market Maker Shreni Shares Limited Sunflower 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 GSM Foils IPO is up to ₹11.01 Cr whereas the issue size of the Rulka Electricals IPO is up to ₹26.40 Cr. The final issue price of GSM Foils IPO is ₹32.00 per share and of Rulka Electricals IPO is ₹235.00 per share.

  GSM Foils IPO Rulka Electricals IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹223.00 per share
Issue Price (Upper) ₹235.00 per share
Issue Price (Final) ₹32.00 per share ₹235.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 4000 shares 600 shares
Fresh Issue Size 34,40,000 shares 8,42,400 shares
Fresh Issue Size (Amount) up to ₹11.01 Cr up to ₹19.80 Cr
OFS Issue Size 2,80,800 shares
OFS Issue Size (Amount) up to ₹6.60 Cr
Issue Size Total 34,40,000 shares 11,23,200 shares
Issue Size Total (Amount) up to ₹11.01 Cr up to ₹26.40 Cr

IPO Timetable

GSM Foils IPO opens on May 24, 2024, while Rulka Electricals IPO opens on May 16, 2024. The closing date of GSM Foils IPO and Rulka Electricals IPO is May 28, 2024, and May 21, 2024, respectively.

  GSM Foils IPO Rulka Electricals IPO
Anchor Bid Date May 15, 2024
Issue Open May 24, 2024 May 16, 2024
Issue Close May 28, 2024 May 21, 2024
Basis Of Allotment (Tentative) May 29, 2024 May 22, 2024
Initiation of Refunds (Tentative) May 30, 2024 May 23, 2024
Credit of Share (Tentative) May 30, 2024 May 23, 2024
Listing date (Tentative) May 31, 2024 May 24, 2024
Anchor Lockin End date 1 Jun 21, 2024
Anchor Lockin End date 2 Aug 20, 2024

Financials

GSM Foils IPO P/E ratio is 20.98, as compared to Rulka Electricals IPO P/E ratio of 28.62.

  GSM Foils IPO Rulka Electricals IPO
Financial

GSM Foils Limited Financial Information (Restated)

GSM Foils Limited's revenue decreased by -8.3% and profit after tax (PAT) rose by 124.62% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets2,208.181,438.181,050.65720.57
Revenue2,717.876,588.697,185.043,646.23
Profit After Tax124.79142.9763.6533.93
Net Worth126.99835.73659.06657.82
Reserves and Surplus124.79
Total Borrowing1,412.95242.43219.20
Amount in ₹ Lakhs

Rulka Electricals Limited Financial Information (Restated Standalone)

Period Ended29 Feb 202431 Mar 202331 Mar 202231 Mar 2021
Assets4,082.092,826.951,919.04982.41
Revenue6,527.774,689.783,627.411,960.11
Profit After Tax565.77280.52112.0853.72
Net Worth1,290.15557.33276.82164.74
Reserves and Surplus948.55546.33265.82153.74
Total Borrowing1,104.89527.07281.46230.99
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 99.99% 86.28%
Promoter Shareholding (Post-Issue) 73.14% 69.22%
P/E Ratio 20.98 28.62
Market Cap ₹41.00 Cr. ₹100.07 Cr.
ROE 23.62%% 61.25%%
ROCE 1.60%% 33.67%%
Debt/Equity 11.13 2.16
EPS ₹1.53 ₹8.21
RoNW 98.27%% 43.85%%

Shares Offered

In the GSM Foils IPO retail investors (RII) are offered 16,32,000 shares while in Rulka Electricals IPO retail investors are offered 16,32,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in GSM Foils IPO and 2,13,600 shares in Rulka Electricals IPO.

  GSM Foils IPO Rulka Electricals IPO
Anchor Investor Reserveration 3,19,200 shares
Market Maker Reserveration 1,76,000 shares 56,400 shares
QIB 0 shares 2,13,600 shares
NII 16,32,000 shares 1,60,200 shares
RII 16,32,000 shares 3,73,800 shares
Employee 0 shares 0 shares
Others
Total 32,64,000 shares 7,47,600 shares

Bids Received (Subscription)

GSM Foils IPO subscribed 257.30x in total, whereas Rulka Electricals IPO subscribed 676.83x.

  GSM Foils IPO Rulka Electricals IPO
QIB (times) 204.22x
NII (times) 259.51x 1,350.15x
Big NII (times)
Small NII (times)
RII (times) 247.10x 658.32x
Employee (times)
Other (times)
Total (times) 257.30x 676.83x

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