Finelistings Technologies IPO vs Ramdevbaba Solvent IPO

Comparision between Finelistings Technologies IPO and Ramdevbaba Solvent IPO.

IPO Details

Finelistings Technologies IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Ramdevbaba Solvent IPO is a SME Book Built Issue proposed to list at NSE SME.

	Finelistings Technologies IPO	Ramdevbaba Solvent IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	BSE SME	NSE SME
Lead Managers	Fedex Securities Pvt Ltd	Choice Capital Advisors Pvt Ltd
Registrar	Skyline Financial Services Private Ltd	Bigshare Services Pvt Ltd
Market Maker	Rikhav Securities Limited	Choice Equity Broking Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Finelistings Technologies IPO is up to ₹13.53 Cr whereas the issue size of the Ramdevbaba Solvent IPO is up to ₹50.27 Cr. The final issue price of Finelistings Technologies IPO is ₹123.00 per share and of Ramdevbaba Solvent IPO is ₹85.00 per share.

	Finelistings Technologies IPO	Ramdevbaba Solvent IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹80.00 per share
Issue Price (Upper)		₹85.00 per share
Issue Price (Final)	₹123.00 per share	₹85.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1000 shares	1600 shares
Fresh Issue Size	11,00,000 shares	59,13,600 shares
Fresh Issue Size (Amount)	up to ₹13.53 Cr	up to ₹50.27 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	11,00,000 shares	59,13,600 shares
Issue Size Total (Amount)	up to ₹13.53 Cr	up to ₹50.27 Cr

IPO Timetable

Finelistings Technologies IPO opens on May 07, 2024, while Ramdevbaba Solvent IPO opens on Apr 15, 2024. The closing date of Finelistings Technologies IPO and Ramdevbaba Solvent IPO is May 09, 2024, and Apr 18, 2024, respectively.

	Finelistings Technologies IPO	Ramdevbaba Solvent IPO
Anchor Bid Date		Apr 12, 2024
Issue Open	May 07, 2024	Apr 15, 2024
Issue Close	May 09, 2024	Apr 18, 2024
Basis Of Allotment (Tentative)	May 10, 2024	Apr 19, 2024
Initiation of Refunds (Tentative)	May 13, 2024	Apr 22, 2024
Credit of Share (Tentative)	May 13, 2024	Apr 22, 2024
Listing date (Tentative)	May 14, 2024	Apr 23, 2024
Anchor Lockin End date 1		May 19, 2024
Anchor Lockin End date 2		Jul 18, 2024

Financials

Finelistings Technologies IPO P/E ratio is 17.44, as compared to Ramdevbaba Solvent IPO P/E ratio of 10.6.

Finelistings Technologies IPO

Ramdevbaba Solvent IPO

Financial

Finelistings Technologies Limited Financial Information (Restated)

Period Ended	29 Feb 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	968.92	1,015.99	154.33	59.69
Revenue	1,359.97	1,390.62	694.32	146.43
Profit After Tax	276.99	178.92	-8.33	-17.26
Net Worth	618.96	351.83	47.91	56.24
Reserves and Surplus	375.20	98.21	46.79	55.12
Amount in ₹ Lakhs

Ramdevbaba Solvent Limited Financial Information (Restated)

Ramdevbaba Solvent Limited's revenue increased by 20.35% and profit after tax (PAT) rose by 97.25% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	20,341.24	19,062.61	13,134.86	10,125.05
Revenue	46,569.81	70,433.41	58,525.46	42,717.32
Profit After Tax	828.90	1,300.15	659.15	617.06
Net Worth	6,857.15	4,783.25	3,483.10	2,823.95
Reserves and Surplus	5,235.97	4,324.52	3,024.37	2,365.22
Total Borrowing	9,998.78	9,922.63	6,485.67	4,474.16
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

71.65%

81.01%

Promoter Shareholding (Post-Issue)

49.98%

P/E Ratio

17.44

10.6

Market Cap

₹44.73 Cr.

₹188.07 Cr.

ROE

43.16%%

ROCE

21.73%%

10.76%%

Debt/Equity

1.46

EPS

₹7.05

₹8.02

RoNW

44.05%%

14.24%%

Shares Offered

In the Finelistings Technologies IPO retail investors (RII) are offered 5,21,000 shares while in Ramdevbaba Solvent IPO retail investors are offered 5,21,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Finelistings Technologies IPO and 11,20,000 shares in Ramdevbaba Solvent IPO.

	Finelistings Technologies IPO	Ramdevbaba Solvent IPO
Anchor Investor Reserveration		16,80,000 shares
Market Maker Reserveration	58,000 shares	3,13,600 shares
QIB	0 shares	11,20,000 shares
NII	5,21,000 shares	8,40,000 shares
RII	5,21,000 shares	19,60,000 shares
Employee	0 shares	0 shares
Others
Total	10,42,000 shares	39,20,000 shares

Bids Received (Subscription)

Finelistings Technologies IPO subscribed 37.44x in total, whereas Ramdevbaba Solvent IPO subscribed 126.21x.

	Finelistings Technologies IPO	Ramdevbaba Solvent IPO
QIB (times)		65.95x
NII (times)	29.85x	314.46x
Big NII (times)
Small NII (times)
RII (times)	38.96x	79.96x
Employee (times)
Other (times)
Total (times)	37.44x	126.21x

Compare with others

Finelistings Technologies IPO	Ramdevbaba Solvent IPO
Varyaa Creations IPO	Faalcon Concepts IPO
Faalcon Concepts IPO	Emmforce Autotech IPO
Emmforce Autotech IPO	Birdy's IPO
Birdy's IPO	Greenhitech Ventures IPO
Greenhitech Ventures IPO	Finelistings Technologies IPO
Ramdevbaba Solvent IPO	Teerth Gopicon IPO
Teerth Gopicon IPO	DCG Cables & Wires IPO
DCG Cables & Wires IPO	Creative Graphics Solutions India IPO
Creative Graphics Solutions India IPO	K2 Infragen IPO
K2 Infragen IPO	Aluwind Architectural IPO

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