Pace E-Commerce Ventures IPO vs Reetech International Cargo IPO

Comparision between Pace E-Commerce Ventures IPO and Reetech International Cargo IPO.

IPO Details

Pace E-Commerce Ventures IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Reetech International Cargo IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Pace E-Commerce Ventures IPO	Reetech International Cargo IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	BSE SME
Lead Managers	Interactive Financial Services Ltd	Gretex Corporate 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 Pace E-Commerce Ventures IPO is up to ₹66.53 Cr whereas the issue size of the Reetech International Cargo IPO is up to ₹11.71 Cr. The final issue price of Pace E-Commerce Ventures IPO is ₹103.00 per share and of Reetech International Cargo IPO is ₹105.00 per share.

	Pace E-Commerce Ventures IPO	Reetech International Cargo IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹103.00 per share	₹105.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	1200 shares
Fresh Issue Size	40,00,000 shares	5,97,600 shares
Fresh Issue Size (Amount)	up to ₹41.20 Cr	up to ₹6.27 Cr
OFS Issue Size	24,59,600 shares	5,17,200 shares
OFS Issue Size (Amount)	up to ₹25.33 Cr	up to ₹5.43 Cr
Issue Size Total	64,59,600 shares	11,14,800 shares
Issue Size Total (Amount)	up to ₹66.53 Cr	up to ₹11.71 Cr

IPO Timetable

Pace E-Commerce Ventures IPO opens on Sep 29, 2022, while Reetech International Cargo IPO opens on Sep 27, 2022. The closing date of Pace E-Commerce Ventures IPO and Reetech International Cargo IPO is Oct 13, 2022, and Sep 29, 2022, respectively.

	Pace E-Commerce Ventures IPO	Reetech International Cargo IPO
Anchor Bid Date
Issue Open	Sep 29, 2022	Sep 27, 2022
Issue Close	Oct 13, 2022	Sep 29, 2022
Basis Of Allotment (Tentative)	Oct 18, 2022	Oct 04, 2022
Initiation of Refunds (Tentative)	Oct 19, 2022	Oct 06, 2022
Credit of Share (Tentative)	Oct 20, 2022	Oct 07, 2022
Listing date (Tentative)	Oct 20, 2022	Oct 10, 2022
Anchor Lockin End date 1	Nov 17, 2022	Nov 03, 2022
Anchor Lockin End date 2	Jan 16, 2023	Jan 02, 2023

Financials

Pace E-Commerce Ventures IPO P/E ratio is 429.16, as compared to Reetech International Cargo IPO P/E ratio of 10.64.

Pace E-Commerce Ventures IPO

Reetech International Cargo IPO

Financial

Pace E-Commerce Ventures Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	157.97	150.42	0.34	7.24	6.24
31-Mar-21	2786.01	171.89	7.18	2595.32	6.24
31-Mar-22	3241.71	1054.15	54.12	2649.44	817.54
Amount in ₹ Lakhs

Reetech International Cargo and Courier Ltd Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	396.17	18.99	13.98	325.06	273.21
31-Mar-21	877.78	1842.41	30.1	365.59	313.74
31-Mar-22	1727.52	11689.1	417.29	801.06	749.21
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

91.12%

99.99%

Promoter Shareholding (Post-Issue)

65%

73.62%

P/E Ratio

429.16

10.64

Market Cap

₹232.10 Cr.

₹44.39 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Pace E-Commerce Ventures IPO retail investors (RII) are offered 30,63,600 shares while in Reetech International Cargo IPO retail investors are offered 30,63,600 shares. Qualified institutional buyers (QIB) are offered in Pace E-Commerce Ventures IPO and in Reetech International Cargo IPO.

	Pace E-Commerce Ventures IPO	Reetech International Cargo IPO
Anchor Investor Reserveration
Market Maker Reserveration	3,32,400 shares	56,400 shares
QIB
NII	30,63,600 shares	5,29,200 shares
RII	30,63,600 shares	5,29,200 shares
Employee
Others
Total	61,27,200 shares	10,58,400 shares

Bids Received (Subscription)

Pace E-Commerce Ventures IPO subscribed 1.14x in total, whereas Reetech International Cargo IPO subscribed 1.67x.

	Pace E-Commerce Ventures IPO	Reetech International Cargo IPO
QIB (times)
NII (times)	1.72x	1.43x
Big NII (times)
Small NII (times)
RII (times)	0.55x	1.92x
Employee (times)
Other (times)
Total (times)	1.14x	1.67x

Compare with others

Pace E-Commerce Ventures IPO	Reetech International Cargo IPO
Integrated Personnel Services IPO	Frog Cellsat IPO
Technopack Polymers IPO	Pace E-Commerce Ventures IPO
Vital Chemtech IPO	Swastik Pipe IPO
Phantom Digital Effects IPO	Trident Lifeline IPO
Frog Cellsat IPO	Steelman Telecom IPO
Swastik Pipe IPO	Cargotrans Maritime IPO
Trident Lifeline IPO	Vedant Asset IPO
Steelman Telecom IPO	Cargosol Logistics IPO
Reetech International Cargo IPO	Silicon Rental Solutions IPO
Cargotrans Maritime IPO	Lloyds Luxuries IPO

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