Innovators Facade Systems IPO vs Sirca Paints IPO

Comparision between Innovators Facade Systems IPO and Sirca Paints IPO.

IPO Details

Innovators Facade Systems IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Sirca Paints IPO is a SME Book Built Issue proposed to list at NSE SME.

	Innovators Facade Systems IPO	Sirca Paints IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE SME	NSE SME
Lead Managers	Pantomath Capital Advisors Pvt Ltd	Navigant Corporate Advisors Ltd
Registrar	Link Intime India Private Ltd	Kfin Technologies Limited
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 Innovators Facade Systems IPO is up to ₹40.75 Cr whereas the issue size of the Sirca Paints IPO is up to ₹77.92 Cr. The final issue price of Innovators Facade Systems IPO is ₹72.00 per share and of Sirca Paints IPO is ₹160.00 per share.

	Innovators Facade Systems IPO	Sirca Paints IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹71.00 per share	₹151.00 per share
Issue Price (Upper)	₹72.00 per share	₹160.00 per share
Issue Price (Final)	₹72.00 per share	₹160.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	800 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	56,60,800 shares	48,70,000 shares
Issue Size Total (Amount)	up to ₹40.75 Cr	up to ₹77.92 Cr

IPO Timetable

Innovators Facade Systems IPO opens on May 14, 2018, while Sirca Paints IPO opens on May 16, 2018. The closing date of Innovators Facade Systems IPO and Sirca Paints IPO is May 16, 2018, and May 22, 2018, respectively.

	Innovators Facade Systems IPO	Sirca Paints IPO
Anchor Bid Date
Issue Open	May 14, 2018	May 16, 2018
Issue Close	May 16, 2018	May 22, 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

Innovators Facade Systems IPO P/E ratio is , as compared to Sirca Paints IPO P/E ratio of .

Innovators Facade Systems IPO

Sirca Paints IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Millions)
	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13
Total Assets	13,873.29	12,817.78	12,607.20	11,671.62	9,936.60
Total Revenue	10,235.96	9,438.88	9,204.92	7,734.81	7,833.22
Profit After Tax	186.01	167.64	316.76	269.24	232.48

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Millions)
	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13
Total Assets	6,131.25	4,507.57	3,341.52	2,910.05	2,173.65
Total Revenue	8,434.17	7,266.09	6,976.85	5,408.00	3,402.29
Profit After Tax	1,370.34	727.62	617.88	197.11	50.40

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Innovators Facade Systems IPO retail investors (RII) are offered 26,86,400 shares while in Sirca Paints IPO retail investors are offered 26,86,400 shares. Qualified institutional buyers (QIB) are offered 0 shares in Innovators Facade Systems IPO and 0 shares in Sirca Paints IPO.

	Innovators Facade Systems IPO	Sirca Paints IPO
Anchor Investor Reserveration
Market Maker Reserveration	2,88,000 shares	2,44,000 shares
QIB	0 shares	0 shares
NII	26,86,400 shares	23,12,800 shares
RII	26,86,400 shares	23,12,800 shares
Employee
Others
Total	56,60,800 shares	48,69,600 shares

Bids Received (Subscription)

Innovators Facade Systems IPO subscribed 23.45x in total, whereas Sirca Paints IPO subscribed 8.32x.

	Innovators Facade Systems IPO	Sirca Paints IPO
QIB (times)
NII (times)	28.18x	9.69x
Big NII (times)
Small NII (times)
RII (times)	13.85x	6.44x
Employee (times)
Other (times)
Total (times)	23.45x	8.32x

Compare with others

Innovators Facade Systems IPO	Sirca Paints IPO
Shree Vasu Logistics IPO	Affordable Robotic Automation IPO
Affordable Robotic Automation IPO	Latteys Industries IPO
Latteys Industries IPO	Suumaya Lifestyle IPO
Suumaya Lifestyle IPO	Megastar Foods IPO
Megastar Foods IPO	Innovators Facade Systems IPO
Sirca Paints IPO	U H Zaveri IPO
U H Zaveri IPO	Milestone Furniture IPO
Milestone Furniture IPO	E2E Networks IPO
E2E Networks IPO	Five Core Electronics IPO
Five Core Electronics IPO	SoftTech Engineers IPO

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