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Cargosol Logistics IPO vs Steelman Telecom IPO

Comparision between Cargosol Logistics IPO and Steelman Telecom IPO.

IPO Details

Cargosol Logistics IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Steelman Telecom IPO is a SME Fixed Price Issue proposed to list at BSE SME.

  Cargosol Logistics IPO Steelman Telecom IPO
Logo Cargosol Logistics IPO Logo Steelman Telecom 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 Hem Securities Limited Gretex Corporate Services Limited
Registrar Link Intime India Private Ltd Bigshare Services Pvt 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 Cargosol Logistics IPO is up to ₹7.56 Cr whereas the issue size of the Steelman Telecom IPO is up to ₹26.02 Cr. The final issue price of Cargosol Logistics IPO is ₹28.00 per share and of Steelman Telecom IPO is ₹96.00 per share.

  Cargosol Logistics IPO Steelman Telecom IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final) ₹28.00 per share ₹96.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 4000 shares 1200 shares
Fresh Issue Size 27,00,000 shares 18,97,200 shares
Fresh Issue Size (Amount) up to ₹7.56 Cr up to ₹18.21 Cr
OFS Issue Size 8,13,600 shares
OFS Issue Size (Amount) up to ₹7.81 Cr
Issue Size Total 27,00,000 shares 27,10,800 shares
Issue Size Total (Amount) up to ₹7.56 Cr up to ₹26.02 Cr

IPO Timetable

Cargosol Logistics IPO opens on Sep 28, 2022, while Steelman Telecom IPO opens on Sep 26, 2022. The closing date of Cargosol Logistics IPO and Steelman Telecom IPO is Sep 30, 2022, and Sep 29, 2022, respectively.

  Cargosol Logistics IPO Steelman Telecom IPO
Anchor Bid Date
Issue Open Sep 28, 2022 Sep 26, 2022
Issue Close Sep 30, 2022 Sep 29, 2022
Basis Of Allotment (Tentative) Oct 06, 2022 Oct 07, 2022
Initiation of Refunds (Tentative) Oct 07, 2022 Oct 10, 2022
Credit of Share (Tentative) Oct 10, 2022 Oct 10, 2022
Listing date (Tentative) Oct 10, 2022 Oct 10, 2022
Anchor Lockin End date 1 Nov 05, 2022 Nov 06, 2022
Anchor Lockin End date 2 Jan 04, 2023 Jan 05, 2023

Financials

Cargosol Logistics IPO P/E ratio is 5.15, as compared to Steelman Telecom IPO P/E ratio of 23.41.

  Cargosol Logistics IPO Steelman Telecom IPO
Financial
Cargosol Logistics Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-192689.25590.79101.88656.57606.57
31-Mar-202971.676412.92120.14782.46682.46
31-Mar-214107.5110359.99176.14978.96728.96
31-Mar-225782.3420072.25553.761599.82849.82
Amount in ₹ Lakhs
Steelman Telecom Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-203621.768794.62-22.91985.21486.61
31-Mar-213698.449015.5137.641149.14650.54
31-Mar-224525.7610116.31396.581540.721042.12
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 100% 100%
Promoter Shareholding (Post-Issue) 73.52% 71.98%
P/E Ratio 5.15 23.41
Market Cap ₹28.56 Cr. ₹92.89 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Cargosol Logistics IPO retail investors (RII) are offered 12,80,000 shares while in Steelman Telecom IPO retail investors are offered 12,80,000 shares. Qualified institutional buyers (QIB) are offered in Cargosol Logistics IPO and 12,86,400 shares in Steelman Telecom IPO.

  Cargosol Logistics IPO Steelman Telecom IPO
Anchor Investor Reserveration
Market Maker Reserveration 1,40,000 shares 1,35,600 shares
QIB 12,86,400 shares
NII 12,80,000 shares 3,86,400 shares
RII 12,80,000 shares 9,02,400 shares
Employee
Others
Total 25,60,000 shares 25,75,200 shares

Bids Received (Subscription)

Cargosol Logistics IPO subscribed 55.43x in total, whereas Steelman Telecom IPO subscribed 22.40x.

  Cargosol Logistics IPO Steelman Telecom IPO
QIB (times) 7.78x
NII (times) 84.61x 70.09x
Big NII (times)
Small NII (times)
RII (times) 26.26x 22.82x
Employee (times)
Other (times)
Total (times) 55.43x 22.40x

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