Rite Zone Chemcon IPO vs Technopack Polymers IPO

Comparision between Rite Zone Chemcon IPO and Technopack Polymers IPO.

IPO Details

Rite Zone Chemcon IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Technopack Polymers IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Rite Zone Chemcon IPO	Technopack Polymers IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Expert Global Consultants Private Limited	Isk Advisors Pvt Ltd
Registrar	Skyline Financial Services Private 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 Rite Zone Chemcon IPO is up to ₹8.96 Cr whereas the issue size of the Technopack Polymers IPO is up to ₹7.87 Cr. The final issue price of Rite Zone Chemcon IPO is ₹75.00 per share and of Technopack Polymers IPO is ₹55.00 per share.

	Rite Zone Chemcon IPO	Technopack Polymers IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹75.00 per share	₹55.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	2000 shares
Fresh Issue Size	11,95,200 shares	14,30,000 shares
Fresh Issue Size (Amount)	up to ₹8.96 Cr	up to ₹7.87 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	11,95,200 shares	14,30,000 shares
Issue Size Total (Amount)	up to ₹8.96 Cr	up to ₹7.87 Cr

IPO Timetable

Rite Zone Chemcon IPO opens on Oct 31, 2022, while Technopack Polymers IPO opens on Nov 02, 2022. The closing date of Rite Zone Chemcon IPO and Technopack Polymers IPO is Nov 02, 2022, and Nov 07, 2022, respectively.

	Rite Zone Chemcon IPO	Technopack Polymers IPO
Anchor Bid Date
Issue Open	Oct 31, 2022	Nov 02, 2022
Issue Close	Nov 02, 2022	Nov 07, 2022
Basis Of Allotment (Tentative)	Nov 07, 2022	Nov 11, 2022
Initiation of Refunds (Tentative)	Nov 09, 2022	Nov 14, 2022
Credit of Share (Tentative)	Nov 10, 2022	Nov 15, 2022
Listing date (Tentative)	Nov 11, 2022	Nov 16, 2022
Anchor Lockin End date 1	Dec 07, 2022	Dec 11, 2022
Anchor Lockin End date 2	Feb 05, 2023	Feb 09, 2023

Financials

Rite Zone Chemcon IPO P/E ratio is 90.36, as compared to Technopack Polymers IPO P/E ratio of 10.54.

Rite Zone Chemcon IPO

Technopack Polymers IPO

Financial

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

Technopack Polymers Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	357.87	355.27	3.8	97.63	-2.37	257.36
31-Mar-21	585.73	615.74	1.91	99.54	-0.46	328.98
31-Mar-22	926.29	1002.87	210.83	300.37	200.37	270.78
31-Jul-22	1183.82	482.1	93.94	779.31	382.31	160.56
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

58.39%

100%

Promoter Shareholding (Post-Issue)

73.51%

P/E Ratio

90.36

10.54

Market Cap

₹31.73 Cr.

₹29.70 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Rite Zone Chemcon IPO retail investors (RII) are offered 5,68,000 shares while in Technopack Polymers IPO retail investors are offered 5,68,000 shares. Qualified institutional buyers (QIB) are offered in Rite Zone Chemcon IPO and in Technopack Polymers IPO.

	Rite Zone Chemcon IPO	Technopack Polymers IPO
Anchor Investor Reserveration
Market Maker Reserveration	60 shares	71,500 shares
QIB
NII	5,66,400 shares	6,79,250 shares
RII	5,68,000 shares	6,79,250 shares
Employee
Others
Total	11,34,400 shares	13,58,500 shares

Bids Received (Subscription)

Rite Zone Chemcon IPO subscribed 4.73x in total, whereas Technopack Polymers IPO subscribed 19.81x.

	Rite Zone Chemcon IPO	Technopack Polymers IPO
QIB (times)
NII (times)	2.36x	19.82x
Big NII (times)
Small NII (times)
RII (times)	7.10x	19.81x
Employee (times)
Other (times)
Total (times)	4.73x	19.81x

Compare with others

Rite Zone Chemcon IPO	Technopack Polymers IPO
Baheti Recycling Industries IPO	AMBO Agritec IPO
Pritika Engineering Components IPO	Amiable Logistics IPO
AMBO Agritec IPO	DAPS Advertising IPO
Amiable Logistics IPO	Rite Zone Chemcon IPO
DAPS Advertising IPO	Integrated Personnel Services IPO
Integrated Personnel Services IPO	Vital Chemtech IPO
Technopack Polymers IPO	Phantom Digital Effects IPO
Vital Chemtech IPO	Frog Cellsat IPO
Phantom Digital Effects IPO	Pace E-Commerce Ventures IPO
Frog Cellsat IPO	Swastik Pipe IPO

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