Baheti Recycling Industries IPO vs Rite Zone Chemcon IPO

Comparision between Baheti Recycling Industries IPO and Rite Zone Chemcon IPO.

IPO Details

Baheti Recycling Industries IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Rite Zone Chemcon IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Baheti Recycling Industries IPO	Rite Zone Chemcon IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	Hem Securities Limited	Expert Global Consultants Private Limited
Registrar	Purva Sharegistry India Pvt Ltd	Skyline Financial Services Private Ltd
Market Maker	Hem Finlease Private 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 Baheti Recycling Industries IPO is up to ₹12.42 Cr whereas the issue size of the Rite Zone Chemcon IPO is up to ₹8.96 Cr. The final issue price of Baheti Recycling Industries IPO is ₹45.00 per share and of Rite Zone Chemcon IPO is ₹75.00 per share.

	Baheti Recycling Industries IPO	Rite Zone Chemcon IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹45.00 per share	₹75.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	1600 shares
Fresh Issue Size	27,60,000 shares	11,95,200 shares
Fresh Issue Size (Amount)	up to ₹12.42 Cr	up to ₹8.96 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	27,60,000 shares	11,95,200 shares
Issue Size Total (Amount)	up to ₹12.42 Cr	up to ₹8.96 Cr

IPO Timetable

Baheti Recycling Industries IPO opens on Nov 28, 2022, while Rite Zone Chemcon IPO opens on Oct 31, 2022. The closing date of Baheti Recycling Industries IPO and Rite Zone Chemcon IPO is Nov 30, 2022, and Nov 02, 2022, respectively.

	Baheti Recycling Industries IPO	Rite Zone Chemcon IPO
Anchor Bid Date
Issue Open	Nov 28, 2022	Oct 31, 2022
Issue Close	Nov 30, 2022	Nov 02, 2022
Basis Of Allotment (Tentative)	Dec 05, 2022	Nov 07, 2022
Initiation of Refunds (Tentative)	Dec 06, 2022	Nov 09, 2022
Credit of Share (Tentative)	Dec 07, 2022	Nov 10, 2022
Listing date (Tentative)	Dec 08, 2022	Nov 11, 2022
Anchor Lockin End date 1	Jan 04, 2023	Dec 07, 2022
Anchor Lockin End date 2	Mar 05, 2023	Feb 05, 2023

Financials

Baheti Recycling Industries IPO P/E ratio is 13.55, as compared to Rite Zone Chemcon IPO P/E ratio of 90.36.

Baheti Recycling Industries IPO

Rite Zone Chemcon IPO

Financial

Baheti Recycling Industries Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	4535.09	10595.84	19.19	1033.23	658	3118.89
31-Mar-21	6301	12780.02	47.78	1081.02	706.02	3789.61
31-Mar-22	8190.39	24926.06	291.98	1669.51	1213	5074.81
31-May-22	7939.48	5757	57.36	1726.87	1270.36	4536.31
Amount in ₹ Lakhs

Rite Zone Chemcon India Ltd Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	666.83	574.77	15.89	62.53	61.53	258.12
31-Mar-21	677.87	384.21	0.69	63.26	62.26	329.3
31-Mar-22	1039.27	565.73	26.21	502.36	198.86	106.24
30-Sep-22	1240.92	1036.34	17.48	519.85	216.34	97.36
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.98%

58.39%

Promoter Shareholding (Post-Issue)

73.37%

P/E Ratio

13.55

90.36

Market Cap

₹46.66 Cr.

₹31.73 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Baheti Recycling Industries IPO retail investors (RII) are offered 13,08,000 shares while in Rite Zone Chemcon IPO retail investors are offered 13,08,000 shares. Qualified institutional buyers (QIB) are offered in Baheti Recycling Industries IPO and in Rite Zone Chemcon IPO.

	Baheti Recycling Industries IPO	Rite Zone Chemcon IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,47,000 shares	60 shares
QIB
NII	13,05,000 shares	5,66,400 shares
RII	13,08,000 shares	5,68,000 shares
Employee
Others
Total	26,13,000 shares	11,34,400 shares

Bids Received (Subscription)

Baheti Recycling Industries IPO subscribed 347.53x in total, whereas Rite Zone Chemcon IPO subscribed 4.73x.

	Baheti Recycling Industries IPO	Rite Zone Chemcon IPO
QIB (times)
NII (times)	259.21x	2.36x
Big NII (times)
Small NII (times)
RII (times)	435.65x	7.10x
Employee (times)
Other (times)
Total (times)	347.53x	4.73x

Compare with others

Baheti Recycling Industries IPO	Rite Zone Chemcon IPO
Arihant Academy IPO	Baheti Recycling Industries IPO
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All E Technologies IPO	Amiable Logistics IPO
Arham Technologies IPO	DAPS Advertising IPO
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AMBO Agritec IPO	Technopack Polymers IPO
Amiable Logistics IPO	Vital Chemtech IPO
DAPS Advertising IPO	Phantom Digital Effects IPO
Rite Zone Chemcon IPO	Frog Cellsat IPO

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