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Ritco Logistics IPO vs Surani Steel IPO

Comparision between Ritco Logistics IPO and Surani Steel IPO.

IPO Details

Ritco Logistics IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Surani Steel IPO is a SME Book Built Issue proposed to list at NSE SME.

  Ritco Logistics IPO Surani Steel IPO
Logo Ritco Logistics IPO Logo Surani Steel IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Book Built Issue Book Built Issue
Listing At BSE SME NSE SME
Lead Managers Pantomath Capital Advisors Pvt Ltd Pantomath Capital Advisors Pvt Ltd
Registrar Link Intime India Private Ltd Link Intime India 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 Ritco Logistics IPO is up to ₹48.18 Cr whereas the issue size of the Surani Steel IPO is up to ₹12.92 Cr. The final issue price of Ritco Logistics IPO is ₹73.00 per share and of Surani Steel IPO is ₹52.00 per share.

  Ritco Logistics IPO Surani Steel IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹71.00 per share ₹51.00 per share
Issue Price (Upper) ₹73.00 per share ₹52.00 per share
Issue Price (Final) ₹73.00 per share ₹52.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 1600 shares 2000 shares
Fresh Issue Size 50,00,000 shares 24,84,000 shares
Fresh Issue Size (Amount)
OFS Issue Size 16,00,000 shares
OFS Issue Size (Amount)
Issue Size Total 66,00,000 shares 24,84,000 shares
Issue Size Total (Amount) up to ₹48.18 Cr up to ₹12.92 Cr

IPO Timetable

Ritco Logistics IPO opens on Jan 28, 2019, while Surani Steel IPO opens on Jan 25, 2019. The closing date of Ritco Logistics IPO and Surani Steel IPO is Jan 30, 2019, and Jan 29, 2019, respectively.

  Ritco Logistics IPO Surani Steel IPO
Anchor Bid Date
Issue Open Jan 28, 2019 Jan 25, 2019
Issue Close Jan 30, 2019 Jan 29, 2019
Basis Of Allotment (Tentative) Feb 04, 2019
Initiation of Refunds (Tentative) Feb 05, 2019
Credit of Share (Tentative) Feb 06, 2019
Listing date (Tentative) Feb 07, 2019
Anchor Lockin End date 1 Mar 06, 2019
Anchor Lockin End date 2 May 05, 2019

Financials

Ritco Logistics IPO P/E ratio is , as compared to Surani Steel IPO P/E ratio of .

  Ritco Logistics IPO Surani Steel IPO
Financial

Ritco Logistics financial Information (Restated)

Particulars For the year/period ended (in Rs. Lakhs)
30-Sept-18 31-Mar-18 31-Mar-17 31-Mar-16
Total Assets 17,894.47 15,403.43 9,707.73 8,989.98
Total Revenue 20,860.31 34,391.49 32,896.06 31,416.47
Profit After Tax 621.18 1,027.95 381.83 143.67
Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 3,528.36 2,836.35 2,298.30 1,594.83 1,541.34
Total Revenue 10,079.72 7,670.08 6,845.89 5,814.16 3,599.92
Profit After Tax 172.44 99.90 109.60 16.25 (2.99)
Promoter Shareholding (Pre-Issue) 78.44% 20,95,000 Shares (36.12%)
Promoter Shareholding (Post-Issue) 55.88%
P/E Ratio
Market Cap
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Ritco Logistics IPO retail investors (RII) are offered 31,32,800 shares while in Surani Steel IPO retail investors are offered 31,32,800 shares. Qualified institutional buyers (QIB) are offered in Ritco Logistics IPO and in Surani Steel IPO.

  Ritco Logistics IPO Surani Steel IPO
Anchor Investor Reserveration
Market Maker Reserveration 3,34,400 shares 1,26,000 shares
QIB
NII 31,32,800 shares 12,42,000 shares
RII 31,32,800 shares 12,42,000 shares
Employee
Others
Total 62,65,600 shares 23,58,000 shares

Bids Received (Subscription)

Ritco Logistics IPO subscribed 1.39x in total, whereas Surani Steel IPO subscribed 1.55x.

  Ritco Logistics IPO Surani Steel IPO
QIB (times)
NII (times) 1.82x 1.70x
Big NII (times)
Small NII (times)
RII (times) 0.96x 1.23x
Employee (times)
Other (times)
Total (times) 1.39x 1.55x

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