Reetech International Cargo IPO vs Silicon Rental Solutions IPO

Comparision between Reetech International Cargo IPO and Silicon Rental Solutions IPO.

IPO Details

Reetech International Cargo IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Silicon Rental Solutions IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Reetech International Cargo IPO	Silicon Rental Solutions 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	Gretex Corporate Services Limited	Hem Securities 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 Reetech International Cargo IPO is up to ₹11.71 Cr whereas the issue size of the Silicon Rental Solutions IPO is up to ₹21.15 Cr. The final issue price of Reetech International Cargo IPO is ₹105.00 per share and of Silicon Rental Solutions IPO is ₹78.00 per share.

	Reetech International Cargo IPO	Silicon Rental Solutions IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹105.00 per share	₹78.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	1600 shares
Fresh Issue Size	5,97,600 shares	27,12,000 shares
Fresh Issue Size (Amount)	up to ₹6.27 Cr	up to ₹21.15 Cr
OFS Issue Size	5,17,200 shares
OFS Issue Size (Amount)	up to ₹5.43 Cr
Issue Size Total	11,14,800 shares	27,12,000 shares
Issue Size Total (Amount)	up to ₹11.71 Cr	up to ₹21.15 Cr

IPO Timetable

Reetech International Cargo IPO opens on Sep 27, 2022, while Silicon Rental Solutions IPO opens on Sep 28, 2022. The closing date of Reetech International Cargo IPO and Silicon Rental Solutions IPO is Sep 29, 2022, and Sep 30, 2022, respectively.

	Reetech International Cargo IPO	Silicon Rental Solutions IPO
Anchor Bid Date
Issue Open	Sep 27, 2022	Sep 28, 2022
Issue Close	Sep 29, 2022	Sep 30, 2022
Basis Of Allotment (Tentative)	Oct 04, 2022	Oct 06, 2022
Initiation of Refunds (Tentative)	Oct 06, 2022	Oct 07, 2022
Credit of Share (Tentative)	Oct 07, 2022	Oct 10, 2022
Listing date (Tentative)	Oct 10, 2022	Oct 10, 2022
Anchor Lockin End date 1	Nov 03, 2022	Nov 05, 2022
Anchor Lockin End date 2	Jan 02, 2023	Jan 04, 2023

Financials

Reetech International Cargo IPO P/E ratio is 10.64, as compared to Silicon Rental Solutions IPO P/E ratio of 10.73.

Reetech International Cargo IPO

Silicon Rental Solutions IPO

Financial

Reetech International Cargo and Courier Ltd Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	396.17	18.99	13.98	325.06	273.21
31-Mar-21	877.78	1842.41	30.1	365.59	313.74
31-Mar-22	1727.52	11689.1	417.29	801.06	749.21
Amount in ₹ Lakhs

Silicon Rental Solutions Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Reserves and Surplus
31-Mar-20	1762.25	1227.85	215.5	581.54
31-Mar-21	2236.45	1375.65	270.39	851.93
31-Mar-22	4172.4	2467.91	746.54	1598.47
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.99%

99.79%

Promoter Shareholding (Post-Issue)

73.62%

73.44%

P/E Ratio

10.64

10.73

Market Cap

₹44.39 Cr.

₹80.12 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Reetech International Cargo IPO retail investors (RII) are offered 5,29,200 shares while in Silicon Rental Solutions IPO retail investors are offered 5,29,200 shares. Qualified institutional buyers (QIB) are offered in Reetech International Cargo IPO and in Silicon Rental Solutions IPO.

	Reetech International Cargo IPO	Silicon Rental Solutions IPO
Anchor Investor Reserveration
Market Maker Reserveration	56,400 shares	1,36,000 shares
QIB
NII	5,29,200 shares	12,88,000 shares
RII	5,29,200 shares	12,88,000 shares
Employee
Others
Total	10,58,400 shares	25,76,000 shares

Bids Received (Subscription)

Reetech International Cargo IPO subscribed 1.67x in total, whereas Silicon Rental Solutions IPO subscribed 2.89x.

	Reetech International Cargo IPO	Silicon Rental Solutions IPO
QIB (times)
NII (times)	1.43x	2.85x
Big NII (times)
Small NII (times)
RII (times)	1.92x	2.92x
Employee (times)
Other (times)
Total (times)	1.67x	2.89x

Compare with others

Reetech International Cargo IPO	Silicon Rental Solutions IPO
Frog Cellsat IPO	Steelman Telecom IPO
Pace E-Commerce Ventures IPO	Reetech International Cargo IPO
Swastik Pipe IPO	Cargotrans Maritime IPO
Trident Lifeline IPO	Vedant Asset IPO
Steelman Telecom IPO	Cargosol Logistics IPO
Cargotrans Maritime IPO	Lloyds Luxuries IPO
Vedant Asset IPO	Concord Control Systems IPO
Cargosol Logistics IPO	Maagh Advertising IPO
Silicon Rental Solutions IPO	QMS Medical Allied IPO
Lloyds Luxuries IPO	Cyber Media Research IPO

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