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Baheti Recycling Industries IPO vs Rite Zone Chemcon IPO

Comparision between Baheti Recycling Industries IPO and Rite Zone Chemcon IPO.

IPO Details

Baheti Recycling Industries IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Rite Zone Chemcon IPO is a SME Fixed Price Issue proposed to list at NSE SME.

  Baheti Recycling Industries IPO Rite Zone Chemcon IPO
Logo Baheti Recycling Industries IPO Logo Rite Zone Chemcon IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Fixed Price Issue
Listing At NSE SME NSE SME
Lead Managers Hem Securities Limited Expert Global Consultants Private Limited
Registrar Purva Sharegistry India Pvt Ltd Skyline Financial Services Private Ltd
Market Maker Hem Finlease 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 Baheti Recycling Industries IPO is up to ₹12.42 Cr whereas the issue size of the Rite Zone Chemcon IPO is up to ₹8.96 Cr. The final issue price of Baheti Recycling Industries IPO is ₹45.00 per share and of Rite Zone Chemcon IPO is ₹75.00 per share.

  Baheti Recycling Industries IPO Rite Zone Chemcon IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final) ₹45.00 per share ₹75.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 3000 shares 1600 shares
Fresh Issue Size 27,60,000 shares 11,95,200 shares
Fresh Issue Size (Amount) up to ₹12.42 Cr up to ₹8.96 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 27,60,000 shares 11,95,200 shares
Issue Size Total (Amount) up to ₹12.42 Cr up to ₹8.96 Cr

IPO Timetable

Baheti Recycling Industries IPO opens on Nov 28, 2022, while Rite Zone Chemcon IPO opens on Oct 31, 2022. The closing date of Baheti Recycling Industries IPO and Rite Zone Chemcon IPO is Nov 30, 2022, and Nov 02, 2022, respectively.

  Baheti Recycling Industries IPO Rite Zone Chemcon IPO
Anchor Bid Date
Issue Open Nov 28, 2022 Oct 31, 2022
Issue Close Nov 30, 2022 Nov 02, 2022
Basis Of Allotment (Tentative) Dec 05, 2022 Nov 07, 2022
Initiation of Refunds (Tentative) Dec 06, 2022 Nov 09, 2022
Credit of Share (Tentative) Dec 07, 2022 Nov 10, 2022
Listing date (Tentative) Dec 08, 2022 Nov 11, 2022
Anchor Lockin End date 1 Jan 04, 2023 Dec 07, 2022
Anchor Lockin End date 2 Mar 05, 2023 Feb 05, 2023

Financials

Baheti Recycling Industries IPO P/E ratio is 13.55, as compared to Rite Zone Chemcon IPO P/E ratio of 90.36.

  Baheti Recycling Industries IPO Rite Zone Chemcon IPO
Financial
Baheti Recycling Industries Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-204535.0910595.8419.191033.236583118.89
31-Mar-21630112780.0247.781081.02706.023789.61
31-Mar-228190.3924926.06291.981669.5112135074.81
31-May-227939.48575757.361726.871270.364536.31
Amount in ₹ Lakhs
Rite Zone Chemcon India Ltd Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20666.83574.7715.8962.5361.53258.12
31-Mar-21677.87384.210.6963.2662.26329.3
31-Mar-221039.27565.7326.21502.36198.86106.24
30-Sep-221240.921036.3417.48519.85216.3497.36
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 99.98% 58.39%
Promoter Shareholding (Post-Issue) 73.37%
P/E Ratio 13.55 90.36
Market Cap ₹46.66 Cr. ₹31.73 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Baheti Recycling Industries IPO retail investors (RII) are offered 13,08,000 shares while in Rite Zone Chemcon IPO retail investors are offered 13,08,000 shares. Qualified institutional buyers (QIB) are offered in Baheti Recycling Industries IPO and in Rite Zone Chemcon IPO.

  Baheti Recycling Industries IPO Rite Zone Chemcon IPO
Anchor Investor Reserveration
Market Maker Reserveration 1,47,000 shares 60 shares
QIB
NII 13,05,000 shares 5,66,400 shares
RII 13,08,000 shares 5,68,000 shares
Employee
Others
Total 26,13,000 shares 11,34,400 shares

Bids Received (Subscription)

Baheti Recycling Industries IPO subscribed 347.53x in total, whereas Rite Zone Chemcon IPO subscribed 4.73x.

  Baheti Recycling Industries IPO Rite Zone Chemcon IPO
QIB (times)
NII (times) 259.21x 2.36x
Big NII (times)
Small NII (times)
RII (times) 435.65x 7.10x
Employee (times)
Other (times)
Total (times) 347.53x 4.73x

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