Retina Paints IPO vs Sotac Pharmaceuticals IPO

Comparision between Retina Paints IPO and Sotac Pharmaceuticals IPO.

IPO Details

Retina Paints IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Sotac Pharmaceuticals IPO is a SME Book Built Issue proposed to list at NSE SME.

	Retina Paints IPO	Sotac Pharmaceuticals IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	BSE SME	NSE SME
Lead Managers	Gretex Corporate Services Limited	Beeline Capital Advisors Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Kfin Technologies Limited
Market Maker	Gretex Share Broking Private 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 Retina Paints IPO is up to ₹11.10 Cr whereas the issue size of the Sotac Pharmaceuticals IPO is up to ₹33.30 Cr. The final issue price of Retina Paints IPO is ₹30.00 per share and of Sotac Pharmaceuticals IPO is ₹111.00 per share.

	Retina Paints IPO	Sotac Pharmaceuticals IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹105.00 per share
Issue Price (Upper)		₹111.00 per share
Issue Price (Final)	₹30.00 per share	₹111.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	4000 shares	1200 shares
Fresh Issue Size	37,00,000 shares	30,00,000 shares
Fresh Issue Size (Amount)	up to ₹11.10 Cr	up to ₹33.30 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	37,00,000 shares	30,00,000 shares
Issue Size Total (Amount)	up to ₹11.10 Cr	up to ₹33.30 Cr

IPO Timetable

Retina Paints IPO opens on Apr 19, 2023, while Sotac Pharmaceuticals IPO opens on Mar 29, 2023. The closing date of Retina Paints IPO and Sotac Pharmaceuticals IPO is Apr 24, 2023, and Apr 03, 2023, respectively.

	Retina Paints IPO	Sotac Pharmaceuticals IPO
Anchor Bid Date		Mar 28, 2023
Issue Open	Apr 19, 2023	Mar 29, 2023
Issue Close	Apr 24, 2023	Apr 03, 2023
Basis Of Allotment (Tentative)	Apr 27, 2023	Apr 10, 2023
Initiation of Refunds (Tentative)	Apr 28, 2023	Apr 11, 2023
Credit of Share (Tentative)	May 02, 2023	Apr 12, 2023
Listing date (Tentative)	May 03, 2023	Apr 13, 2023
Anchor Lockin End date 1	May 27, 2023	May 10, 2023
Anchor Lockin End date 2	Jul 26, 2023	Jul 09, 2023

Financials

Retina Paints IPO P/E ratio is , as compared to Sotac Pharmaceuticals IPO P/E ratio of 132.14.

Retina Paints IPO

Sotac Pharmaceuticals 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

Sotac Pharmaceuticals Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	3,038.21	2,882.64	8.75	305.73	75.73	15.13
31-Mar-21	3,469.75	4,894.97	-236.54	249.36	19.36	1,035.80
31-Mar-22	3,525.35	7,337.02	287.86	662.19	432.19	1,134.59
30-Sep-22	6,461.60	3,994.65	46.55	797.41	567.41	2,185.52
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

80.70%

84.63%

Promoter Shareholding (Post-Issue)

59.28%

P/E Ratio

132.14

Market Cap

₹122.66 Cr.

ROE

6.38%%

ROCE

19.03%%

Debt/Equity

2.74

EPS

RoNW

Shares Offered

In the Retina Paints IPO retail investors (RII) are offered 18,50,000 shares while in Sotac Pharmaceuticals IPO retail investors are offered 18,50,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Retina Paints IPO and 5,71,800 shares in Sotac Pharmaceuticals IPO.

	Retina Paints IPO	Sotac Pharmaceuticals IPO
Anchor Investor Reserveration		8,53,200 shares
Market Maker Reserveration	1,88,000 shares	1,50,000 shares
QIB	0 shares	5,71,800 shares
NII	18,50,000 shares	4,28,400 shares
RII	18,50,000 shares	9,98,400 shares
Employee	0 shares	0 shares
Others
Total	37,00,000 shares	19,98,600 shares

Bids Received (Subscription)

Retina Paints IPO subscribed 8.29x in total, whereas Sotac Pharmaceuticals IPO subscribed 1.60x.

	Retina Paints IPO	Sotac Pharmaceuticals IPO
QIB (times)		1.00x
NII (times)	6.10x	4.04x
Big NII (times)
Small NII (times)
RII (times)	10.41x	0.91x
Employee (times)
Other (times)
Total (times)	8.29x	1.60x

Compare with others

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

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