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Indong Tea IPO vs Shera Energy IPO

Comparison between Indong Tea IPO and Shera Energy IPO.

IPO Details

Indong Tea IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Shera Energy IPO is a SME Bookbuilding proposed to list at NSE SME.

 Indong Tea IPOShera Energy IPO
LogoIndong Tea IPO LogoShera Energy IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersFinshore Management Services Ltd.Holani Consultants Pvt.Ltd.
RegistrarCameo Corporate Services Ltd.Bigshare Services Pvt.Ltd.
Market MakerNikunj Stock Brokers Ltd.Holani Consultants Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Indong Tea IPO is up to ₹12.36 Cr whereas the issue size of the Shera Energy IPO is up to ₹32.92 Cr. The final issue price of Indong Tea IPO is ₹26.00 per share and of Shera Energy IPO is ₹57.00 per share.

 Indong Tea IPOShera Energy IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹55.00 per share
Issue Price (Upper)₹57.00 per share
Issue Price (Final)₹26.00 per share₹57.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)₹0.00 per share
Market Lot Size4000 shares2000 shares
Fresh Issue Size47,52,000 shares6,48,000 shares
Fresh Issue Size (Amount)up to ₹12.36 Crup to ₹3.69 Cr
OFS Issue Size0 shares51,28,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹29.23 Cr
Issue Size Total47,52,000 shares57,76,000 shares
Issue Size Total (Amount)up to ₹12.36 Crup to ₹32.92 Cr

IPO Timetable

Indong Tea IPO opens on Feb 09, 2023, while Shera Energy IPO opens on Feb 07, 2023. The closing date of Indong Tea IPO and Shera Energy IPO is Feb 13, 2023, and Feb 09, 2023, respectively.

 Indong Tea IPOShera Energy IPO
Anchor Bid DateFeb 06, 2023
Issue OpenFeb 09, 2023Feb 07, 2023
Issue CloseFeb 13, 2023Feb 09, 2023
Basis Of Allotment (Tentative)Feb 16, 2023Feb 14, 2023
Initiation of Refunds (Tentative)Feb 17, 2023Feb 15, 2023
Credit of Share (Tentative)Feb 20, 2023Feb 16, 2023
Listing date (Tentative)Feb 21, 2023Feb 17, 2023
Anchor Lockin End date 1Mar 16, 2023
Anchor Lockin End date 2May 15, 2023

Financials & KPIs

Indong Tea IPO P/E ratio is 9.52, as compared to Shera Energy IPO P/E ratio of 15.16.

 Indong Tea IPOShera Energy IPO
Financials

Company Financials (Restated)

Period Ended30 Sep 202231 Mar 202231 Mar 202131 Mar 2020
Assets46.9043.2540.6041.36
Total Income13.2419.9323.1316.73
Profit After Tax2.051.321.28-1.21
NET Worth10.688.64-2.94-4.22
Reserves and Surplus21.7619.7113.0211.75
Total Borrowing10.479.6018.4220.97
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended30 Sep 202231 Mar 202231 Mar 202131 Mar 2020
Assets338.33325.24293.16277.32
Total Income339.54524.58422.72426.19
Profit After Tax4.287.005.033.61
NET Worth70.5566.7360.7656.24
Reserves and Surplus0.000.000.000.00
Total Borrowing114.38118.13105.42110.63
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)96.0966.57
Promoter Shareholding (Post-Issue)64.0363.51
P/E Ratio9.5215.16
Market Cap₹39.00 Cr.₹129.89 Cr.
ROE10.97
ROCE26.78
Debt/Equity
EPS₹2.12₹3.51
RoNW15.2410.48

Shares Offered

In the Indong Tea IPO Retail Individual Investors (RII) are offered 23,76,000 shares while in Shera Energy IPO retail investors are offered 23,76,000 shares. Qualified Institutional Buyers (QIB) are offered in Indong Tea IPO and 10,06,000 shares in Shera Energy IPO.

 Indong Tea IPOShera Energy IPO
Anchor Investor Reservation15,00,000 shares
Market Maker Reservation5,04,000 shares4,00,000 shares
QIB10,06,000 shares
NII23,76,000 shares8,20,000 shares
RII23,76,000 shares18,50,000 shares
Employee6,00,000 shares
Others
Total47,52,000 shares57,76,000 shares

Bids Received (Subscription)

Indong Tea IPO subscribed 4.97x in total, whereas Shera Energy IPO subscribed 47.36x.

 Indong Tea IPOShera Energy IPO
QIB (times)21.75x
NII (times)2.17x190.12x
Big NII (times)
Small NII (times)
RII (times)7.76x51.30x
Employee (times)1.46x
Other (times)
Total (times)4.97x47.36x

Compare with others

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Compare:

Indong Tea IPO Vs Shera Energy IPO