Indong Tea Company IPO vs Lead Reclaim and Rubber Products IPO

Comparision between Indong Tea Company IPO and Lead Reclaim and Rubber Products IPO.

IPO Details

Indong Tea Company IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Lead Reclaim and Rubber Products IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Indong Tea Company IPO	Lead Reclaim and Rubber Products 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	Finshore Management Services Limited	Fedex Securities Pvt Ltd
Registrar	Cameo Corporate Services Limited	Bigshare Services Pvt Ltd
Market Maker	Nikunj Stock Brokers Limited	Svcm Securities 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 Indong Tea Company IPO is up to ₹13.01 Cr whereas the issue size of the Lead Reclaim and Rubber Products IPO is up to ₹4.88 Cr. The final issue price of Indong Tea Company IPO is ₹26.00 per share and of Lead Reclaim and Rubber Products IPO is ₹25.00 per share.

	Indong Tea Company IPO	Lead Reclaim and Rubber Products IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹26.00 per share	₹25.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	4000 shares	6000 shares
Fresh Issue Size	50,04,000 shares	19,50,000 shares
Fresh Issue Size (Amount)	up to ₹13.01 Cr	up to ₹4.88 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	50,04,000 shares	19,50,000 shares
Issue Size Total (Amount)	up to ₹13.01 Cr	up to ₹4.88 Cr

IPO Timetable

Indong Tea Company IPO opens on Feb 09, 2023, while Lead Reclaim and Rubber Products IPO opens on Feb 09, 2023. The closing date of Indong Tea Company IPO and Lead Reclaim and Rubber Products IPO is Feb 13, 2023, and Feb 13, 2023, respectively.

	Indong Tea Company IPO	Lead Reclaim and Rubber Products IPO
Anchor Bid Date
Issue Open	Feb 09, 2023	Feb 09, 2023
Issue Close	Feb 13, 2023	Feb 13, 2023
Basis Of Allotment (Tentative)	Feb 16, 2023	Feb 16, 2023
Initiation of Refunds (Tentative)	Feb 17, 2023	Feb 17, 2023
Credit of Share (Tentative)	Feb 20, 2023	Feb 20, 2023
Listing date (Tentative)	Feb 21, 2023	Feb 21, 2023
Anchor Lockin End date 1	Mar 18, 2023	Mar 18, 2023
Anchor Lockin End date 2	May 17, 2023	May 17, 2023

Financials

Indong Tea Company IPO P/E ratio is 9.52, as compared to Lead Reclaim and Rubber Products IPO P/E ratio of 25.77.

Indong Tea Company IPO

Lead Reclaim and Rubber Products IPO

Financial

Indong Tea Company Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	4,136.26	1,672.64	-121.29	-421.85	1,174.94	2,097.43
31-Mar-21	4,059.79	2,313.00	127.56	-294.30	1,302.49	1,841.74
31-Mar-22	4,324.96	1,992.97	131.62	863.68	1,971.48	960.09
30-Sep-22	4,689.74	1,324.22	204.61	1,068.29	2,176.09	1,047.42
Amount in ₹ Lakhs

Lead Reclaim and Rubber Products Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	532.45	483.67	36.36	17.47	-2.68	377.25
31-Mar-21	594.88	706.26	22.74	40.20	20.05	394.67
31-Mar-22	704.32	1,036.93	47.87	289.57	67.92	269.30
30-Sep-22	994.65	498.99	35.55	555.63	241.78	271.38
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

96.09%

86.48%

Promoter Shareholding (Post-Issue)

64.03%

63.51%

P/E Ratio

9.52

25.77

Market Cap

₹39.00 Cr.

₹18.35 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Indong Tea Company IPO retail investors (RII) are offered 23,76,000 shares while in Lead Reclaim and Rubber Products IPO retail investors are offered 23,76,000 shares. Qualified institutional buyers (QIB) are offered in Indong Tea Company IPO and in Lead Reclaim and Rubber Products IPO.

	Indong Tea Company IPO	Lead Reclaim and Rubber Products IPO
Anchor Investor Reserveration
Market Maker Reserveration	2,52,000 shares	1,02,000 shares
QIB
NII	23,76,000 shares	9,24,000 shares
RII	23,76,000 shares	9,24,000 shares
Employee
Others
Total	47,52,000 shares	18,48,000 shares

Bids Received (Subscription)

Indong Tea Company IPO subscribed 4.97x in total, whereas Lead Reclaim and Rubber Products IPO subscribed 75.98x.

	Indong Tea Company IPO	Lead Reclaim and Rubber Products IPO
QIB (times)
NII (times)	2.17x	87.56x
Big NII (times)
Small NII (times)
RII (times)	7.76x	64.41x
Employee (times)
Other (times)
Total (times)	4.97x	75.98x

Compare with others

Indong Tea Company IPO	Lead Reclaim and Rubber Products IPO
Macfos IPO	Sealmatic India IPO
ITCONS E-Solutions IPO	Macfos IPO
Viaz Tyres IPO	ITCONS E-Solutions IPO
Patron Exim IPO	Viaz Tyres IPO
Lead Reclaim and Rubber Products IPO	Patron Exim IPO
Agarwal Float Glass India IPO	Indong Tea Company IPO
Shera Energy IPO	Agarwal Float Glass India IPO
Gayatri Rubbers and Chemicals IPO	Shera Energy IPO
Earthstahl & Alloys IPO	Gayatri Rubbers and Chemicals IPO
Transvoy Logistics India IPO	Earthstahl & Alloys IPO

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