ITCONS E-Solutions IPO vs Sealmatic India IPO

Comparision between ITCONS E-Solutions IPO and Sealmatic India IPO.

IPO Details

ITCONS E-Solutions IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Sealmatic India IPO is a SME Book Built Issue proposed to list at BSE SME.

	ITCONS E-Solutions IPO	Sealmatic India IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	BSE SME	BSE SME
Lead Managers	Finshore Management Services Limited	Isk Advisors Pvt Ltd
Registrar	Cameo Corporate Services Limited	Kfin Technologies Limited
Market Maker	Nikunj Stock Brokers Limited	Sunflower 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 ITCONS E-Solutions IPO is up to ₹8.67 Cr whereas the issue size of the Sealmatic India IPO is up to ₹56.24 Cr. The final issue price of ITCONS E-Solutions IPO is ₹51.00 per share and of Sealmatic India IPO is ₹225.00 per share.

	ITCONS E-Solutions IPO	Sealmatic India IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹220.00 per share
Issue Price (Upper)		₹225.00 per share
Issue Price (Final)	₹51.00 per share	₹225.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	600 shares
Fresh Issue Size	17,00,000 shares	18,50,000 shares
Fresh Issue Size (Amount)	up to ₹8.67 Cr	up to ₹41.63 Cr
OFS Issue Size		6,49,600 shares
OFS Issue Size (Amount)		up to ₹14.62 Cr
Issue Size Total	17,00,000 shares	24,99,600 shares
Issue Size Total (Amount)	up to ₹8.67 Cr	up to ₹56.24 Cr

IPO Timetable

ITCONS E-Solutions IPO opens on Feb 28, 2023, while Sealmatic India IPO opens on Feb 17, 2023. The closing date of ITCONS E-Solutions IPO and Sealmatic India IPO is Mar 02, 2023, and Feb 21, 2023, respectively.

	ITCONS E-Solutions IPO	Sealmatic India IPO
Anchor Bid Date		Feb 16, 2023
Issue Open	Feb 28, 2023	Feb 17, 2023
Issue Close	Mar 02, 2023	Feb 21, 2023
Basis Of Allotment (Tentative)	Mar 08, 2023	Feb 24, 2023
Initiation of Refunds (Tentative)	Mar 09, 2023	Feb 27, 2023
Credit of Share (Tentative)	Mar 10, 2023	Feb 28, 2023
Listing date (Tentative)	Mar 13, 2023	Mar 01, 2023
Anchor Lockin End date 1	Apr 07, 2023	Mar 26, 2023
Anchor Lockin End date 2	Jun 06, 2023	May 25, 2023

Financials

ITCONS E-Solutions IPO P/E ratio is 12.09, as compared to Sealmatic India IPO P/E ratio of 18.75.

ITCONS E-Solutions IPO

Sealmatic India IPO

Financial

ITCONS E-Solutions Limited Financial Information (Restated Standalone)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	351.17	834.95	10.57	96.78	95.64	145.06
31-Mar-21	341.21	842.48	7.53	104.31	103.17	136.33
31-Mar-22	470.71	1,820.36	119.11	223.42	222.28	106.23
30-Sep-22	792.37	1,605.05	106.12	462.23	129.36	176.70
Amount in ₹ Lakhs

Sealmatic India Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	2,325.06	3,358.88	494.14	1,524.67	1,504.67	278.30
31-Mar-21	2,975.94	3,548.18	649.76	2,174.43	2,154.43	272.62
31-Mar-22	3,947.36	4,276.80	841.46	3,015.89	2,995.89	93.56
30-Sep-22	5,108.52	2,582.12	543.45	3,550.15	2,830.15	224.39
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

89.67%

100.00%

Promoter Shareholding (Post-Issue)

59.36%

72.38%

P/E Ratio

12.09

18.75

Market Cap

₹25.65 Cr.

₹203.63 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the ITCONS E-Solutions IPO retail investors (RII) are offered 8,08,000 shares while in Sealmatic India IPO retail investors are offered 8,08,000 shares. Qualified institutional buyers (QIB) are offered in ITCONS E-Solutions IPO and 3,79,800 shares in Sealmatic India IPO.

	ITCONS E-Solutions IPO	Sealmatic India IPO
Anchor Investor Reserveration		5,69,400 shares
Market Maker Reserveration	86,000 shares	1,26,000 shares
QIB		3,79,800 shares
NII	8,06,000 shares	5,53,200 shares
RII	8,08,000 shares	9,97,200 shares
Employee
Others
Total	16,14,000 shares	19,30,200 shares

Bids Received (Subscription)

ITCONS E-Solutions IPO subscribed 16.79x in total, whereas Sealmatic India IPO subscribed 16.61x.

	ITCONS E-Solutions IPO	Sealmatic India IPO
QIB (times)		8.71x
NII (times)	16.12x	30.22x
Big NII (times)
Small NII (times)
RII (times)	17.45x	12.06x
Employee (times)
Other (times)
Total (times)	16.79x	16.61x

Compare with others

ITCONS E-Solutions IPO	Sealmatic India IPO
ResGen IPO	Systango Technologies IPO
Srivasavi Adhesive Tapes IPO	Amanaya Ventures IPO
SVJ Enterprises IPO	ResGen IPO
Sealmatic India IPO	Srivasavi Adhesive Tapes IPO
Macfos IPO	SVJ Enterprises IPO
Viaz Tyres IPO	Macfos IPO
Patron Exim IPO	ITCONS E-Solutions IPO
Lead Reclaim and Rubber Products IPO	Viaz Tyres IPO
Indong Tea Company IPO	Patron Exim IPO
Agarwal Float Glass India IPO	Lead Reclaim and Rubber Products IPO

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