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Reetech International Cargo IPO vs Swastik Pipe IPO

Comparision between Reetech International Cargo IPO and Swastik Pipe IPO.

IPO Details

Reetech International Cargo 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.

  Reetech International Cargo IPO Swastik Pipe IPO
Logo Reetech International Cargo IPO Logo 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 Reetech International Cargo IPO is up to ₹11.71 Cr whereas the issue size of the Swastik Pipe IPO is up to ₹62.52 Cr. The final issue price of Reetech International Cargo IPO is ₹105.00 per share and of Swastik Pipe IPO is ₹100.00 per share.

  Reetech International Cargo 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) ₹105.00 per share ₹100.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 1200 shares 1200 shares
Fresh Issue Size 5,97,600 shares 62,52,000 shares
Fresh Issue Size (Amount) up to ₹6.27 Cr up to ₹62.52 Cr
OFS Issue Size 5,17,200 shares
OFS Issue Size (Amount) up to ₹5.43 Cr
Issue Size Total 11,14,800 shares 62,52,000 shares
Issue Size Total (Amount) up to ₹11.71 Cr up to ₹62.52 Cr

IPO Timetable

Reetech International Cargo IPO opens on Sep 27, 2022, while Swastik Pipe IPO opens on Sep 29, 2022. The closing date of Reetech International Cargo IPO and Swastik Pipe IPO is Sep 29, 2022, and Oct 03, 2022, respectively.

  Reetech International Cargo IPO Swastik Pipe IPO
Anchor Bid Date
Issue Open Sep 27, 2022 Sep 29, 2022
Issue Close Sep 29, 2022 Oct 03, 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 11, 2022
Listing date (Tentative) Oct 10, 2022 Oct 12, 2022
Anchor Lockin End date 1 Nov 03, 2022 Nov 06, 2022
Anchor Lockin End date 2 Jan 02, 2023 Jan 05, 2023

Financials

Reetech International Cargo IPO P/E ratio is 10.64, as compared to Swastik Pipe IPO P/E ratio of 11.38.

  Reetech International Cargo IPO Swastik Pipe IPO
Financial
Reetech International Cargo and Courier Ltd Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-20396.1718.9913.98325.06273.21
31-Mar-21877.781842.4130.1365.59313.74
31-Mar-221727.5211689.1417.29801.06749.21
Amount in ₹ Lakhs
Swastik Pipe Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-1935607.6572756.38467.979370.138450.03
31-Mar-2033650.7665807.21-1389.257980.917060.78
31-Mar-2133625.8852383.88148.648129.517209.42
31-Mar-2234127.2161219.772041.1114169.4212471.47
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 99.99% 88.27%
Promoter Shareholding (Post-Issue) 73.62% 64.51%
P/E Ratio 10.64 11.38
Market Cap ₹44.39 Cr. ₹232.32 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 Swastik Pipe IPO retail investors are offered 5,29,200 shares. Qualified institutional buyers (QIB) are offered in Reetech International Cargo IPO and in Swastik Pipe IPO.

  Reetech International Cargo IPO Swastik Pipe IPO
Anchor Investor Reserveration
Market Maker Reserveration 56,400 shares 3,14,400 shares
QIB
NII 5,29,200 shares 29,68,800 shares
RII 5,29,200 shares 29,68,800 shares
Employee
Others
Total 10,58,400 shares 59,37,600 shares

Bids Received (Subscription)

Reetech International Cargo IPO subscribed 1.67x in total, whereas Swastik Pipe IPO subscribed 1.35x.

  Reetech International Cargo IPO Swastik Pipe IPO
QIB (times)
NII (times) 1.43x 1.37x
Big NII (times)
Small NII (times)
RII (times) 1.92x 1.33x
Employee (times)
Other (times)
Total (times) 1.67x 1.35x

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