Evoq Remedies IPO vs SP Refractories IPO

Comparision between Evoq Remedies IPO and SP Refractories IPO.

IPO Details

Evoq Remedies IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while SP Refractories IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Evoq Remedies IPO	SP Refractories IPO
Logo		$SP Refractories IPO Logo$
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	NSE SME
Lead Managers	Swastika Investmart Ltd	Aryaman Financial Services Limited
Registrar	Bigshare Services Pvt 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 Evoq Remedies IPO is up to ₹9.72 Cr whereas the issue size of the SP Refractories IPO is up to ₹4.92 Cr. The final issue price of Evoq Remedies IPO is ₹27.00 per share and of SP Refractories IPO is ₹90.00 per share.

	Evoq Remedies IPO	SP Refractories IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹27.00 per share	₹90.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	4000 shares	1600 shares
Fresh Issue Size	36,00,000 shares	2,97,600 shares
Fresh Issue Size (Amount)	up to ₹9.72 Cr	up to ₹2.68 Cr
OFS Issue Size		2,49,600 shares
OFS Issue Size (Amount)		up to ₹2.25 Cr
Issue Size Total	36,00,000 shares	5,47,200 shares
Issue Size Total (Amount)	up to ₹9.72 Cr	up to ₹4.92 Cr

IPO Timetable

Evoq Remedies IPO opens on Mar 17, 2022, while SP Refractories IPO opens on Mar 09, 2022. The closing date of Evoq Remedies IPO and SP Refractories IPO is Mar 22, 2022, and Mar 11, 2022, respectively.

	Evoq Remedies IPO	SP Refractories IPO
Anchor Bid Date
Issue Open	Mar 17, 2022	Mar 09, 2022
Issue Close	Mar 22, 2022	Mar 11, 2022
Basis Of Allotment (Tentative)	Mar 25, 2022	Mar 16, 2022
Initiation of Refunds (Tentative)	Mar 28, 2022	Mar 17, 2022
Credit of Share (Tentative)	Mar 29, 2022	Mar 21, 2022
Listing date (Tentative)	Mar 30, 2022	Mar 22, 2022
Anchor Lockin End date 1	Apr 24, 2022	Apr 15, 2022
Anchor Lockin End date 2	Jun 23, 2022	Jun 14, 2022

Financials

Evoq Remedies IPO P/E ratio is 33.75, as compared to SP Refractories IPO P/E ratio of 9.94.

Evoq Remedies IPO

SP Refractories IPO

Financial

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (Rs in Lakh)
	10-Feb-22	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	2660.58	804.63	565.22	214.78
Total Revenue	1056.58	1002.48	907.21	325
Profit After Tax	93.67	71.38	0.03	1.11

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in Lakh)
	30-Sep-21	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	1,232.20	1,057.17	898.33	792.01
Total Revenue	1,447.64	2,572.48	2,099.59	1,855.95
Profit After Tax	80.74	75.35	39.93	20.59

Promoter Shareholding (Pre-Issue)

99.99%

100%

Promoter Shareholding (Post-Issue)

73.53%

69.42%

P/E Ratio

33.75

9.94

Market Cap

₹36.72 Cr.

₹16.11 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Evoq Remedies IPO retail investors (RII) are offered 17,10,000 shares while in SP Refractories IPO retail investors are offered 17,10,000 shares. Qualified institutional buyers (QIB) are offered in Evoq Remedies IPO and in SP Refractories IPO.

	Evoq Remedies IPO	SP Refractories IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,80,000 shares	28,800 shares
QIB
NII	17,10,000 shares	2,59,200 shares
RII	17,10,000 shares	2,59,200 shares
Employee
Others
Total	34,20,000 shares	5,18,400 shares

Bids Received (Subscription)

Evoq Remedies IPO subscribed 1.67x in total, whereas SP Refractories IPO subscribed 7.24x.

	Evoq Remedies IPO	SP Refractories IPO
QIB (times)
NII (times)	0.30x	5.64x
Big NII (times)
Small NII (times)
RII (times)	3.03x	8.85x
Employee (times)
Other (times)
Total (times)	1.67x	7.24x

Compare with others

Evoq Remedies IPO	SP Refractories IPO
Empyrean Cashews IPO	achyut-healthcare-ipo
krishna defence ipo	Bhatia Colour Chem IPO
p e-analytics-ipo	Evoq Remedies IPO
achyut-healthcare-ipo	Swaraj Suiting IPO
Bhatia Colour Chem IPO	KN Agri IPO
Swaraj Suiting IPO	Cool Caps IPO
KN Agri IPO	Shigan Quantum Technologies IPO
SP Refractories IPO	Ekennis Software IPO
Cool Caps IPO	Richa Info Systems IPO
Shigan Quantum Technologies IPO	Madhavbaug IPO

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