Steelman Telecom IPO vs Swastik Pipe IPO

Comparision between Steelman Telecom IPO and Swastik Pipe IPO.

IPO Details

Steelman Telecom IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Swastik Pipe IPO is a SME Book Built Issue proposed to list at NSE SME.

	Steelman Telecom IPO	Swastik Pipe IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	BSE SME	NSE SME
Lead Managers	Gretex Corporate Services Limited	Corporate Capitalventures Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Skyline Financial Services Private 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 Steelman Telecom IPO is up to ₹26.02 Cr whereas the issue size of the Swastik Pipe IPO is up to ₹62.52 Cr. The final issue price of Steelman Telecom IPO is ₹96.00 per share and of Swastik Pipe IPO is ₹100.00 per share.

	Steelman Telecom IPO	Swastik Pipe IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹97.00 per share
Issue Price (Upper)		₹100.00 per share
Issue Price (Final)	₹96.00 per share	₹100.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	1200 shares
Fresh Issue Size	18,97,200 shares	62,52,000 shares
Fresh Issue Size (Amount)	up to ₹18.21 Cr	up to ₹62.52 Cr
OFS Issue Size	8,13,600 shares
OFS Issue Size (Amount)	up to ₹7.81 Cr
Issue Size Total	27,10,800 shares	62,52,000 shares
Issue Size Total (Amount)	up to ₹26.02 Cr	up to ₹62.52 Cr

IPO Timetable

Steelman Telecom IPO opens on Sep 26, 2022, while Swastik Pipe IPO opens on Sep 29, 2022. The closing date of Steelman Telecom IPO and Swastik Pipe IPO is Sep 29, 2022, and Oct 03, 2022, respectively.

	Steelman Telecom IPO	Swastik Pipe IPO
Anchor Bid Date
Issue Open	Sep 26, 2022	Sep 29, 2022
Issue Close	Sep 29, 2022	Oct 03, 2022
Basis Of Allotment (Tentative)	Oct 07, 2022	Oct 07, 2022
Initiation of Refunds (Tentative)	Oct 10, 2022	Oct 10, 2022
Credit of Share (Tentative)	Oct 10, 2022	Oct 11, 2022
Listing date (Tentative)	Oct 10, 2022	Oct 12, 2022
Anchor Lockin End date 1	Nov 06, 2022	Nov 06, 2022
Anchor Lockin End date 2	Jan 05, 2023	Jan 05, 2023

Financials

Steelman Telecom IPO P/E ratio is 23.41, as compared to Swastik Pipe IPO P/E ratio of 11.38.

Steelman Telecom IPO

Swastik Pipe IPO

Financial

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

Swastik Pipe Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-19	35607.65	72756.38	467.97	9370.13	8450.03
31-Mar-20	33650.76	65807.21	-1389.25	7980.91	7060.78
31-Mar-21	33625.88	52383.88	148.64	8129.51	7209.42
31-Mar-22	34127.21	61219.77	2041.11	14169.42	12471.47
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100%

88.27%

Promoter Shareholding (Post-Issue)

71.98%

64.51%

P/E Ratio

23.41

11.38

Market Cap

₹92.89 Cr.

₹232.32 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Steelman Telecom IPO retail investors (RII) are offered 9,02,400 shares while in Swastik Pipe IPO retail investors are offered 9,02,400 shares. Qualified institutional buyers (QIB) are offered 12,86,400 shares in Steelman Telecom IPO and in Swastik Pipe IPO.

	Steelman Telecom IPO	Swastik Pipe IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,35,600 shares	3,14,400 shares
QIB	12,86,400 shares
NII	3,86,400 shares	29,68,800 shares
RII	9,02,400 shares	29,68,800 shares
Employee
Others
Total	25,75,200 shares	59,37,600 shares

Bids Received (Subscription)

Steelman Telecom IPO subscribed 22.40x in total, whereas Swastik Pipe IPO subscribed 1.35x.

	Steelman Telecom IPO	Swastik Pipe IPO
QIB (times)	7.78x
NII (times)	70.09x	1.37x
Big NII (times)
Small NII (times)
RII (times)	22.82x	1.33x
Employee (times)
Other (times)
Total (times)	22.40x	1.35x

Compare with others

Steelman Telecom IPO	Swastik Pipe IPO
Phantom Digital Effects IPO	Technopack Polymers IPO
Frog Cellsat IPO	Vital Chemtech IPO
Pace E-Commerce Ventures IPO	Phantom Digital Effects IPO
Swastik Pipe IPO	Frog Cellsat IPO
Trident Lifeline IPO	Pace E-Commerce Ventures IPO
Reetech International Cargo IPO	Trident Lifeline IPO
Cargotrans Maritime IPO	Steelman Telecom IPO
Vedant Asset IPO	Reetech International Cargo IPO
Cargosol Logistics IPO	Cargotrans Maritime IPO
Silicon Rental Solutions IPO	Vedant Asset IPO

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