Retina Paints IPO vs Sancode Technologies IPO

Comparision between Retina Paints IPO and Sancode Technologies IPO.

IPO Details

Retina Paints IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Sancode Technologies IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Retina Paints IPO	Sancode Technologies 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	Gretex Corporate Services Limited	Shreni Shares Limited
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Gretex Share Broking Private Limited	Shreni Shares 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 Retina Paints IPO is up to ₹11.10 Cr whereas the issue size of the Sancode Technologies IPO is up to ₹5.15 Cr. The final issue price of Retina Paints IPO is ₹30.00 per share and of Sancode Technologies IPO is ₹47.00 per share.

	Retina Paints IPO	Sancode Technologies IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹30.00 per share	₹47.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	4000 shares	3000 shares
Fresh Issue Size	37,00,000 shares	10,95,000 shares
Fresh Issue Size (Amount)	up to ₹11.10 Cr	up to ₹5.15 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	37,00,000 shares	10,95,000 shares
Issue Size Total (Amount)	up to ₹11.10 Cr	up to ₹5.15 Cr

IPO Timetable

Retina Paints IPO opens on Apr 19, 2023, while Sancode Technologies IPO opens on Mar 31, 2023. The closing date of Retina Paints IPO and Sancode Technologies IPO is Apr 24, 2023, and Apr 06, 2023, respectively.

	Retina Paints IPO	Sancode Technologies IPO
Anchor Bid Date
Issue Open	Apr 19, 2023	Mar 31, 2023
Issue Close	Apr 24, 2023	Apr 06, 2023
Basis Of Allotment (Tentative)	Apr 27, 2023	Apr 12, 2023
Initiation of Refunds (Tentative)	Apr 28, 2023	Apr 13, 2023
Credit of Share (Tentative)	May 02, 2023	Apr 17, 2023
Listing date (Tentative)	May 03, 2023	Apr 18, 2023
Anchor Lockin End date 1	May 27, 2023	May 12, 2023
Anchor Lockin End date 2	Jul 26, 2023	Jul 11, 2023

Financials

Retina Paints IPO P/E ratio is , as compared to Sancode Technologies IPO P/E ratio of 10.71.

Retina Paints IPO

Sancode Technologies IPO

Financial

Retina Paints Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	670.34	681.44	4.67	90.86	18.86	319.10
31-Mar-21	986.71	685.99	4.55	95.41	23.41	614.11
31-Mar-22	1,162.77	647.24	11.33	219.74	34.74	588.01
30-Nov-22	2,074.77	533.88	39.99	1,240.73	728.73	433.44
Amount in ₹ Lakhs

Sancode Technologies Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	330.45	43.08	-112.98	220.83	197.95	0.22
31-Mar-21	313.96	159.74	-26.17	223.56	200.69	63.73
31-Mar-22	349.87	244.81	75.12	287.07	264.19	20.76
30-Sep-22	481.26	180.62	89.36	367.54	344.67	21.20
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

80.70%

97.47%

Promoter Shareholding (Post-Issue)

59.28%

71.24%

P/E Ratio

10.71

Market Cap

₹19.12 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Retina Paints IPO retail investors (RII) are offered 18,50,000 shares while in Sancode Technologies IPO retail investors are offered 18,50,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Retina Paints IPO and 0 shares in Sancode Technologies IPO.

	Retina Paints IPO	Sancode Technologies IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,88,000 shares	57,000 shares
QIB	0 shares	0 shares
NII	18,50,000 shares	5,19,000 shares
RII	18,50,000 shares	5,19,000 shares
Employee	0 shares	0 shares
Others
Total	37,00,000 shares	10,38,000 shares

Bids Received (Subscription)

Retina Paints IPO subscribed 8.29x in total, whereas Sancode Technologies IPO subscribed 3.68x.

	Retina Paints IPO	Sancode Technologies IPO
QIB (times)
NII (times)	6.10x	3.98x
Big NII (times)
Small NII (times)
RII (times)	10.41x	3.39x
Employee (times)
Other (times)
Total (times)	8.29x	3.68x

Compare with others

Retina Paints IPO	Sancode Technologies IPO
Auro Impex & Chemicals IPO	De Neers Tools IPO
Innokaiz India IPO	Quicktouch Technologies IPO
Krishca Strapping Solutions IPO	Retina Paints IPO
De Neers Tools IPO	A G Universal IPO
Quicktouch Technologies IPO	Pattech Fitwell Tube Components IPO
A G Universal IPO	Exhicon Events IPO
Pattech Fitwell Tube Components IPO	Sotac Pharmaceuticals IPO
Sancode Technologies IPO	MOS Utility IPO
Exhicon Events IPO	Infinium Pharmachem IPO
Sotac Pharmaceuticals IPO	Maiden Forgings IPO

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