Cargotrans Maritime IPO vs Steelman Telecom IPO

Comparision between Cargotrans Maritime IPO and Steelman Telecom IPO.

IPO Details

Cargotrans Maritime IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Steelman Telecom IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Cargotrans Maritime IPO	Steelman Telecom 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	Hem Securities Limited	Gretex Corporate Services 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 Cargotrans Maritime IPO is up to ₹4.86 Cr whereas the issue size of the Steelman Telecom IPO is up to ₹26.02 Cr. The final issue price of Cargotrans Maritime IPO is ₹45.00 per share and of Steelman Telecom IPO is ₹96.00 per share.

	Cargotrans Maritime IPO	Steelman Telecom IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹45.00 per share	₹96.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	1200 shares
Fresh Issue Size	10,80,000 shares	18,97,200 shares
Fresh Issue Size (Amount)	up to ₹4.86 Cr	up to ₹18.21 Cr
OFS Issue Size		8,13,600 shares
OFS Issue Size (Amount)		up to ₹7.81 Cr
Issue Size Total	10,80,000 shares	27,10,800 shares
Issue Size Total (Amount)	up to ₹4.86 Cr	up to ₹26.02 Cr

IPO Timetable

Cargotrans Maritime IPO opens on Sep 27, 2022, while Steelman Telecom IPO opens on Sep 26, 2022. The closing date of Cargotrans Maritime IPO and Steelman Telecom IPO is Sep 29, 2022, and Sep 29, 2022, respectively.

	Cargotrans Maritime IPO	Steelman Telecom IPO
Anchor Bid Date
Issue Open	Sep 27, 2022	Sep 26, 2022
Issue Close	Sep 29, 2022	Sep 29, 2022
Basis Of Allotment (Tentative)	Oct 04, 2022	Oct 07, 2022
Initiation of Refunds (Tentative)	Oct 06, 2022	Oct 10, 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 06, 2022
Anchor Lockin End date 2	Jan 02, 2023	Jan 05, 2023

Financials

Cargotrans Maritime IPO P/E ratio is 7.77, as compared to Steelman Telecom IPO P/E ratio of 23.41.

Cargotrans Maritime IPO

Steelman Telecom IPO

Financial

Cargotrans Maritime Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	592.68	2058.43	27.56	181	121
31-Mar-21	1071.37	4941.1	115.01	296.01	236.01
31-Mar-22	1157.43	8959.92	236.28	532.29	472.29
Amount in ₹ Lakhs

Steelman Telecom Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	3621.76	8794.62	-22.91	985.21	486.61
31-Mar-21	3698.44	9015.5	137.64	1149.14	650.54
31-Mar-22	4525.76	10116.31	396.58	1540.72	1042.12
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100%

Promoter Shareholding (Post-Issue)

73.53%

71.98%

P/E Ratio

7.77

23.41

Market Cap

₹18.36 Cr.

₹92.89 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Cargotrans Maritime IPO retail investors (RII) are offered 5,10,000 shares while in Steelman Telecom IPO retail investors are offered 5,10,000 shares. Qualified institutional buyers (QIB) are offered in Cargotrans Maritime IPO and 12,86,400 shares in Steelman Telecom IPO.

	Cargotrans Maritime IPO	Steelman Telecom IPO
Anchor Investor Reserveration
Market Maker Reserveration	60,000 shares	1,35,600 shares
QIB		12,86,400 shares
NII	5,10,000 shares	3,86,400 shares
RII	5,10,000 shares	9,02,400 shares
Employee
Others
Total	10,20,000 shares	25,75,200 shares

Bids Received (Subscription)

Cargotrans Maritime IPO subscribed 148.25x in total, whereas Steelman Telecom IPO subscribed 22.40x.

	Cargotrans Maritime IPO	Steelman Telecom IPO
QIB (times)		7.78x
NII (times)	129.63x	70.09x
Big NII (times)
Small NII (times)
RII (times)	166.86x	22.82x
Employee (times)
Other (times)
Total (times)	148.25x	22.40x

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Steelman Telecom IPO	Swastik Pipe IPO
Reetech International Cargo IPO	Trident Lifeline IPO
Vedant Asset IPO	Reetech International Cargo IPO
Cargosol Logistics IPO	Cargotrans Maritime IPO
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Lloyds Luxuries IPO	Cargosol Logistics IPO
Concord Control Systems IPO	Silicon Rental Solutions IPO

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