GM Polyplast IPO vs Suratwwala Business IPO

Comparision between GM Polyplast IPO and Suratwwala Business IPO.

IPO Details

GM Polyplast IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Suratwwala Business IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	GM Polyplast IPO	Suratwwala Business 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	Gretex Corporate Services Limited	Hem Securities Limited
Registrar	Bigshare Services Pvt Ltd	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 GM Polyplast IPO is up to ₹8.09 Cr whereas the issue size of the Suratwwala Business IPO is up to ₹6.90 Cr. The final issue price of GM Polyplast IPO is ₹159.00 per share and of Suratwwala Business IPO is ₹15.00 per share.

	GM Polyplast IPO	Suratwwala Business IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹159.00 per share	₹15.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	800 shares	8000 shares
Fresh Issue Size	3,22,800 shares
Fresh Issue Size (Amount)	up to ₹5.13 Cr
OFS Issue Size	1,86,000 shares
OFS Issue Size (Amount)	up to ₹2.96 Cr
Issue Size Total	5,08,800 shares	46,00,000 shares
Issue Size Total (Amount)	up to ₹8.09 Cr	up to ₹6.90 Cr

IPO Timetable

GM Polyplast IPO opens on Sep 30, 2020, while Suratwwala Business IPO opens on Aug 03, 2020. The closing date of GM Polyplast IPO and Suratwwala Business IPO is Oct 06, 2020, and Aug 05, 2020, respectively.

	GM Polyplast IPO	Suratwwala Business IPO
Anchor Bid Date
Issue Open	Sep 30, 2020	Aug 03, 2020
Issue Close	Oct 06, 2020	Aug 05, 2020
Basis Of Allotment (Tentative)	Oct 09, 2020	Aug 10, 2020
Initiation of Refunds (Tentative)	Oct 13, 2020	Aug 11, 2020
Credit of Share (Tentative)	Oct 13, 2020	Aug 12, 2020
Listing date (Tentative)	Oct 14, 2020	Aug 13, 2020
Anchor Lockin End date 1	Nov 08, 2020	Sep 09, 2020
Anchor Lockin End date 2	Jan 07, 2021	Nov 08, 2020

Financials

GM Polyplast IPO P/E ratio is , as compared to Suratwwala Business IPO P/E ratio of 83.

GM Polyplast IPO

Suratwwala Business IPO

Financial

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (Rs in Lacs)
	31-Mar-20	31-Mar-19	31-Mar-18
Total Assets	2,482.68	2,537.03	2,533.25
Total Revenue	6,342.98	6,834.50	5,551.24
Profit After Tax	231.80	138.04	92.20

Summary of financial Information (Restated)
Particulars	For the year/period ended (Rs in Lakhs)
	31-March-20	31-Mar-19	31-Mar-18	31-Mar-17
Total Assets	5,390.82	4,487.52	3,129.14	2,752.49
Total Revenue	1,088.35	912.62	1,119.91	1,657.82
Profit After Tax	32.46	85.86	296.49	214.38

Promoter Shareholding (Pre-Issue)

100%

99.92%

Promoter Shareholding (Post-Issue)

73.65%

73.42%

P/E Ratio

Market Cap

₹26.01 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the GM Polyplast IPO retail investors (RII) are offered 2,41,600 shares while in Suratwwala Business IPO retail investors are offered 2,41,600 shares. Qualified institutional buyers (QIB) are offered in GM Polyplast IPO and in Suratwwala Business IPO.

	GM Polyplast IPO	Suratwwala Business IPO
Anchor Investor Reserveration
Market Maker Reserveration	26,000 shares	2,40,000 shares
QIB
NII	2,41,600 shares	21,80,000 shares
RII	2,41,600 shares	21,80,000 shares
Employee
Others
Total	4,83,200 shares	43,60,000 shares

Bids Received (Subscription)

GM Polyplast IPO subscribed 1.60x in total, whereas Suratwwala Business IPO subscribed 1.31x.

	GM Polyplast IPO	Suratwwala Business IPO
QIB (times)
NII (times)	2.13x	2.35x
Big NII (times)
Small NII (times)
RII (times)	1.07x	0.28x
Employee (times)
Other (times)
Total (times)	1.60x	1.31x

Compare with others

GM Polyplast IPO	Suratwwala Business IPO
Bodhi Tree Multimedia IPO	GM Polyplast IPO
Atal Realtech IPO	Atam Valves SME IPO
AAA Technologies IPO	SecMark SME IPO
Sigma Solve IPO	Advait Infratech SME IPO
Veer Global Infraconstruction IPO	Hippo Cabs IPO
Atam Valves SME IPO	Bonlon Industries IPO
SecMark SME IPO	ksolves India IPO
Advait Infratech SME IPO	Billwin Industries IPO
Hippo Cabs IPO	DJ Mediaprint IPO
Suratwwala Business IPO	Laxmi Goldorna IPO

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