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Shri Techtex IPO vs Zeal Global Services IPO

Comparison between Shri Techtex IPO and Zeal Global Services IPO.

IPO Details

Shri Techtex IPO is a SME Fixed Price IPO proposed to list at NSE SME while Zeal Global Services IPO is a SME Fixed Price proposed to list at NSE SME.

 Shri Techtex IPOZeal Global Services IPO
LogoShri Techtex IPO LogoZeal Global Services IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMENSE SME
Lead ManagersBeeline Capital Advisors Pvt.Ltd.Expert Global Consultants Pvt.Ltd.
RegistrarMUFG Intime India Pvt.Ltd.Skyline Financial Services Pvt.Ltd.
Market MakerSunflower Broking Pvt.Ltd.Rikhav Securities 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 Shri Techtex IPO is up to ₹42.87 Cr whereas the issue size of the Zeal Global Services IPO is up to ₹34.63 Cr. The final issue price of Shri Techtex IPO is ₹61.00 per share and of Zeal Global Services IPO is ₹103.00 per share.

 Shri Techtex IPOZeal Global Services IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹54.00 per share
Issue Price (Upper)₹61.00 per share
Issue Price (Final)₹61.00 per share₹103.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size2000 shares1200 shares
Fresh Issue Size70,28,000 shares33,62,400 shares
Fresh Issue Size (Amount)up to ₹42.87 Crup to ₹34.63 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total70,28,000 shares33,62,400 shares
Issue Size Total (Amount)up to ₹42.87 Crup to ₹34.63 Cr

IPO Timetable

Shri Techtex IPO opens on Jul 26, 2023, while Zeal Global Services IPO opens on Jul 28, 2023. The closing date of Shri Techtex IPO and Zeal Global Services IPO is Jul 28, 2023, and Aug 01, 2023, respectively.

 Shri Techtex IPOZeal Global Services IPO
Anchor Bid DateJul 25, 2023
Issue OpenJul 26, 2023Jul 28, 2023
Issue CloseJul 28, 2023Aug 01, 2023
Basis Of Allotment (Tentative)Aug 02, 2023Aug 04, 2023
Initiation of Refunds (Tentative)Aug 03, 2023Aug 07, 2023
Credit of Share (Tentative)Aug 04, 2023Aug 08, 2023
Listing date (Tentative)Aug 04, 2023Aug 09, 2023
Anchor Lockin End date 1Sep 01, 2023
Anchor Lockin End date 2Oct 31, 2023

Financials & KPIs

Shri Techtex IPO P/E ratio is 16.71, as compared to Zeal Global Services IPO P/E ratio of 13.83.

 Shri Techtex IPOZeal Global Services IPO
Financials

Company Financials (Restated)

Period Ended31 Mar 202331 Mar 202231 Mar 202131 Mar 2020
Assets73.8652.8246.5217.67
Total Income58.0851.8240.2216.26
Profit After Tax9.118.2712.664.47
NET Worth29.8220.9920.768.08
Reserves and Surplus12.5718.7618.545.88
Total Borrowing31.8924.5214.994.88
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Jan 202331 Mar 202231 Mar 202131 Mar 2020
Assets49.6931.9518.9322.03
Total Income95.05121.2860.9576.71
Profit After Tax8.275.241.701.34
NET Worth21.1612.776.034.36
Reserves and Surplus19.2010.825.433.76
Total Borrowing12.441.941.712.58
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100%100%
Promoter Shareholding (Post-Issue)70.34%73.4%
P/E Ratio16.7113.83
Market Cap₹152.20 Cr.₹137.09 Cr.
ROE35.8441.05
ROCE20.0758
Debt/Equity1.070.15
EPS₹5.19₹8.46
RoNW30.5456.56

Shares Offered

In the Shri Techtex IPO Retail Individual Investors (RII) are offered 24,62,000 shares while in Zeal Global Services IPO retail investors are offered 24,62,000 shares. Qualified Institutional Buyers (QIB) are offered 14,10,000 shares in Shri Techtex IPO and in Zeal Global Services IPO.

 Shri Techtex IPOZeal Global Services IPO
Anchor Investor Reservation21,00,000 shares
Market Maker Reservation3,72,000 shares1,77,600 shares
QIB14,10,000 shares
NII10,56,000 shares16,80,000 shares
RII24,62,000 shares16,82,400 shares
Employee0 shares
Total70,28,000 shares33,62,400 shares

Bids Received (Subscription)

Shri Techtex IPO subscribed 104.08x in total, whereas Zeal Global Services IPO subscribed 4.05x.

 Shri Techtex IPOZeal Global Services IPO
QIB (times)58.03x
NII (times)250.65x4.26x
RII (times)156.37x3.85x
Total (times)104.08x4.05x

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Shri Techtex IPO Vs Zeal Global Services IPO