Dipna Pharmachem IPO vs Rhetan TMT IPO

Comparision between Dipna Pharmachem IPO and Rhetan TMT IPO.

IPO Details

Dipna Pharmachem IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Rhetan TMT IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Dipna Pharmachem IPO	Rhetan TMT 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	Aryaman Financial 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 Dipna Pharmachem IPO is up to ₹15.21 Cr whereas the issue size of the Rhetan TMT IPO is up to ₹56.00 Cr. The final issue price of Dipna Pharmachem IPO is ₹38.00 per share and of Rhetan TMT IPO is ₹70.00 per share.

	Dipna Pharmachem IPO	Rhetan TMT IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹38.00 per share	₹70.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	2000 shares
Fresh Issue Size	40,02,000 shares	80,00,000 shares
Fresh Issue Size (Amount)	up to ₹15.21 Cr	up to ₹56.00 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	40,02,000 shares	80,00,000 shares
Issue Size Total (Amount)	up to ₹15.21 Cr	up to ₹56.00 Cr

IPO Timetable

Dipna Pharmachem IPO opens on Aug 25, 2022, while Rhetan TMT IPO opens on Aug 22, 2022. The closing date of Dipna Pharmachem IPO and Rhetan TMT IPO is Aug 30, 2022, and Aug 25, 2022, respectively.

	Dipna Pharmachem IPO	Rhetan TMT IPO
Anchor Bid Date
Issue Open	Aug 25, 2022	Aug 22, 2022
Issue Close	Aug 30, 2022	Aug 25, 2022
Basis Of Allotment (Tentative)		Aug 30, 2022
Initiation of Refunds (Tentative)		Sep 01, 2022
Credit of Share (Tentative)		Sep 02, 2022
Listing date (Tentative)		Sep 05, 2022
Anchor Lockin End date 1		Sep 29, 2022
Anchor Lockin End date 2		Nov 28, 2022

Financials

Dipna Pharmachem IPO P/E ratio is 39, as compared to Rhetan TMT IPO P/E ratio of 63.64.

Dipna Pharmachem IPO

Rhetan TMT IPO

Financial

Dipna Pharmachem Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	1844.18	3054.85	5.9	54.75	51.25
31-Mar-21	2479.34	3101.54	2.42	57.17	53.67
31-Mar-22	3622.96	7276.58	116.69	173.86	170.36
Amount in ₹ Lakhs

Rhetan TMT Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	3046.86	2008.26	-58.04	30.21	-311.65
31-Mar-21	3980.65	5213.01	13.44	783.65	-298.21
31-Mar-22	5900.06	6703.45	234.57	2313.21	1046.35
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100%

99.62%

Promoter Shareholding (Post-Issue)

66.56%

62.12%

P/E Ratio

63.64

Market Cap

₹45.49 Cr.

₹148.75 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Dipna Pharmachem IPO retail investors (RII) are offered 18,99,000 shares while in Rhetan TMT IPO retail investors are offered 18,99,000 shares. Qualified institutional buyers (QIB) are offered in Dipna Pharmachem IPO and in Rhetan TMT IPO.

	Dipna Pharmachem IPO	Rhetan TMT IPO
Anchor Investor Reserveration
Market Maker Reserveration	2,04,000 shares	4,16,000 shares
QIB
NII	18,99,000 shares	37,92,000 shares
RII	18,99,000 shares	37,92,000 shares
Employee
Others
Total	37,98,000 shares	75,84,000 shares

Bids Received (Subscription)

Dipna Pharmachem IPO subscribed 2.77x in total, whereas Rhetan TMT IPO subscribed 1.47x.

	Dipna Pharmachem IPO	Rhetan TMT IPO
QIB (times)
NII (times)	0.78x	2.18x
Big NII (times)
Small NII (times)
RII (times)	4.75x	0.76x
Employee (times)
Other (times)
Total (times)	2.77x	1.47x

Compare with others

Dipna Pharmachem IPO	Rhetan TMT IPO
Shantidoot Infra Services IPO	EP Biocomposites IPO
Mega Flex Plastics IPO	Dipna Pharmachem IPO
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EP Biocomposites IPO	Naturo Indiabull IPO
Ameya Engineers IPO	JFL Life Sciences IPO
Kore Mobile IPO	Olatech Solutions IPO
Naturo Indiabull IPO	Veekayem Fashion and Apparels IPO
Rhetan TMT IPO	Upsurge Seeds of Agriculture IPO
JFL Life Sciences IPO	Agni Green Power IPO

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