FREE Account Opening + No Clearing Fees
Loading...

Earthstahl & Alloys IPO vs Indong Tea Company IPO

Comparision between Earthstahl & Alloys IPO and Indong Tea Company IPO.

IPO Details

Earthstahl & Alloys IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Indong Tea Company IPO is a SME Fixed Price Issue proposed to list at BSE SME.

  Earthstahl & Alloys IPO Indong Tea Company IPO
Logo Earthstahl & Alloys IPO Logo Indong Tea Company IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Book Built Issue Fixed Price Issue
Listing At BSE SME BSE SME
Lead Managers Hem Securities Limited Finshore Management Services Limited
Registrar Bigshare Services Pvt Ltd Cameo Corporate Services Limited
Market Maker Hem Securities Ltd. Nikunj Stock Brokers 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 Earthstahl & Alloys IPO is up to ₹12.96 Cr whereas the issue size of the Indong Tea Company IPO is up to ₹13.01 Cr. The final issue price of Earthstahl & Alloys IPO is ₹40.00 per share and of Indong Tea Company IPO is ₹26.00 per share.

  Earthstahl & Alloys IPO Indong Tea Company IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹38.00 per share
Issue Price (Upper) ₹40.00 per share
Issue Price (Final) ₹40.00 per share ₹26.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 3000 shares 4000 shares
Fresh Issue Size 32,40,000 shares 50,04,000 shares
Fresh Issue Size (Amount) up to ₹12.96 Cr up to ₹13.01 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 32,40,000 shares 50,04,000 shares
Issue Size Total (Amount) up to ₹12.96 Cr up to ₹13.01 Cr

IPO Timetable

Earthstahl & Alloys IPO opens on Jan 27, 2023, while Indong Tea Company IPO opens on Feb 09, 2023. The closing date of Earthstahl & Alloys IPO and Indong Tea Company IPO is Jan 31, 2023, and Feb 13, 2023, respectively.

  Earthstahl & Alloys IPO Indong Tea Company IPO
Anchor Bid Date
Issue Open Jan 27, 2023 Feb 09, 2023
Issue Close Jan 31, 2023 Feb 13, 2023
Basis Of Allotment (Tentative) Feb 03, 2023 Feb 16, 2023
Initiation of Refunds (Tentative) Feb 06, 2023 Feb 17, 2023
Credit of Share (Tentative) Feb 07, 2023 Feb 20, 2023
Listing date (Tentative) Feb 08, 2023 Feb 21, 2023
Anchor Lockin End date 1 Mar 05, 2023 Mar 18, 2023
Anchor Lockin End date 2 May 04, 2023 May 17, 2023

Financials

Earthstahl & Alloys IPO P/E ratio is 4.22, as compared to Indong Tea Company IPO P/E ratio of 9.52.

  Earthstahl & Alloys IPO Indong Tea Company IPO
Financial
Earthstahl & Alloys Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-202,990.733,181.58-33.4944.24200.221,733.71
31-Mar-212,817.232,457.53267.31311.55467.531,396.82
31-Mar-223,592.614,907.54745.481,057.031,213.011,399.97
30-Sep-224,303.344,824.68580.471,637.501,793.481,092.93
Amount in ₹ Lakhs
Indong Tea Company Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-204,136.261,672.64-121.29-421.851,174.942,097.43
31-Mar-214,059.792,313.00127.56-294.301,302.491,841.74
31-Mar-224,324.961,992.97131.62863.681,971.48960.09
30-Sep-224,689.741,324.22204.611,068.292,176.091,047.42
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 100.00% 96.09%
Promoter Shareholding (Post-Issue) 73.53% 64.03%
P/E Ratio 4.22 9.52
Market Cap ₹48.96 Cr. ₹39.00 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Earthstahl & Alloys IPO retail investors (RII) are offered 10,77,000 shares while in Indong Tea Company IPO retail investors are offered 10,77,000 shares. Qualified institutional buyers (QIB) are offered 9,18,000 shares in Earthstahl & Alloys IPO and in Indong Tea Company IPO.

  Earthstahl & Alloys IPO Indong Tea Company IPO
Anchor Investor Reserveration
Market Maker Reserveration 1,68,000 shares 2,52,000 shares
QIB 9,18,000 shares
NII 10,77,000 shares 23,76,000 shares
RII 10,77,000 shares 23,76,000 shares
Employee
Others
Total 30,72,000 shares 47,52,000 shares

Bids Received (Subscription)

Earthstahl & Alloys IPO subscribed 235.18x in total, whereas Indong Tea Company IPO subscribed 4.97x.

  Earthstahl & Alloys IPO Indong Tea Company IPO
QIB (times) 39.83x
NII (times) 445.09x 2.17x
Big NII (times)
Small NII (times)
RII (times) 191.77x 7.76x
Employee (times)
Other (times)
Total (times) 235.18x 4.97x

Comments

Add a public comment...