Srivasavi Adhesive Tapes IPO vs Systango Technologies IPO

Comparision between Srivasavi Adhesive Tapes IPO and Systango Technologies IPO.

IPO Details

Srivasavi Adhesive Tapes IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Systango Technologies IPO is a SME Book Built Issue proposed to list at NSE SME.

	Srivasavi Adhesive Tapes IPO	Systango Technologies IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Shreni Shares Limited	Hem Securities Limited
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Shreni Shares Limited	Hem Finlease Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Srivasavi Adhesive Tapes IPO is up to ₹15.50 Cr whereas the issue size of the Systango Technologies IPO is up to ₹34.82 Cr. The final issue price of Srivasavi Adhesive Tapes IPO is ₹41.00 per share and of Systango Technologies IPO is ₹90.00 per share.

	Srivasavi Adhesive Tapes IPO	Systango Technologies IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹85.00 per share
Issue Price (Upper)		₹90.00 per share
Issue Price (Final)	₹41.00 per share	₹90.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	1600 shares
Fresh Issue Size	37,80,000 shares	38,68,800 shares
Fresh Issue Size (Amount)	up to ₹15.50 Cr	up to ₹34.82 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	37,80,000 shares	38,68,800 shares
Issue Size Total (Amount)	up to ₹15.50 Cr	up to ₹34.82 Cr

IPO Timetable

Srivasavi Adhesive Tapes IPO opens on Feb 23, 2023, while Systango Technologies IPO opens on Mar 02, 2023. The closing date of Srivasavi Adhesive Tapes IPO and Systango Technologies IPO is Feb 28, 2023, and Mar 06, 2023, respectively.

	Srivasavi Adhesive Tapes IPO	Systango Technologies IPO
Anchor Bid Date
Issue Open	Feb 23, 2023	Mar 02, 2023
Issue Close	Feb 28, 2023	Mar 06, 2023
Basis Of Allotment (Tentative)	Mar 03, 2023	Mar 10, 2023
Initiation of Refunds (Tentative)	Mar 06, 2023	Mar 13, 2023
Credit of Share (Tentative)	Mar 08, 2023	Mar 14, 2023
Listing date (Tentative)	Mar 09, 2023	Mar 15, 2023
Anchor Lockin End date 1	Apr 02, 2023	Apr 09, 2023
Anchor Lockin End date 2	Jun 01, 2023	Jun 08, 2023

Financials

Srivasavi Adhesive Tapes IPO P/E ratio is 16.08, as compared to Systango Technologies IPO P/E ratio of 15.13.

Srivasavi Adhesive Tapes IPO

Systango Technologies IPO

Financial

Srivasavi Adhesive Tapes Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	2,038.86	4,634.50	101.13	494.07	369.34	572.93
31-Mar-21	2,263.66	5,566.61	187.34	681.41	556.68	395.02
31-Mar-22	2,763.35	6,392.19	362.12	1,043.53	918.80	607.08
30-Sep-22	3,051.98	3,072.61	180.73	1,224.25	184.84	600.06
Amount in ₹ Lakhs

Systango Technologies Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	744.32	1,455.31	251.88	476.81	421.81
31-Mar-21	1,537.57	2,388.09	568.26	1,045.50	775.50
31-Mar-22	2,288.97	3,392.10	676.99	1,722.49	1,452.49
30-Sep-22	2,732.41	2,301.30	572.30	2,296.98	2,026.98
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.84%

97.73%

Promoter Shareholding (Post-Issue)

73.21%

71.96%

P/E Ratio

16.08

15.13

Market Cap

₹58.11 Cr.

₹132.02 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Srivasavi Adhesive Tapes IPO retail investors (RII) are offered 17,94,000 shares while in Systango Technologies IPO retail investors are offered 17,94,000 shares. Qualified institutional buyers (QIB) are offered in Srivasavi Adhesive Tapes IPO and 18,33,600 shares in Systango Technologies IPO.

	Srivasavi Adhesive Tapes IPO	Systango Technologies IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,92,000 shares	1,96,800 shares
QIB		18,33,600 shares
NII	17,94,000 shares	5,52,000 shares
RII	17,94,000 shares	12,86,400 shares
Employee
Others
Total	35,88,000 shares	36,72,000 shares

Bids Received (Subscription)

Srivasavi Adhesive Tapes IPO subscribed 7.75x in total, whereas Systango Technologies IPO subscribed 64.99x.

	Srivasavi Adhesive Tapes IPO	Systango Technologies IPO
QIB (times)		14.10x
NII (times)	7.12x	230.36x
Big NII (times)
Small NII (times)
RII (times)	8.38x	66.59x
Employee (times)
Other (times)
Total (times)	7.75x	64.99x

Compare with others

Srivasavi Adhesive Tapes IPO	Systango Technologies IPO
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MCON Rasayan IPO	Quality Foils (India) IPO
Systango Technologies IPO	Sudarshan Pharma Industries IPO
Amanaya Ventures IPO	Vertexplus Technologies IPO
ResGen IPO	MCON Rasayan IPO
SVJ Enterprises IPO	Amanaya Ventures IPO
Sealmatic India IPO	ResGen IPO
Macfos IPO	Srivasavi Adhesive Tapes IPO
ITCONS E-Solutions IPO	SVJ Enterprises IPO
Viaz Tyres IPO	Sealmatic India IPO

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