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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 Steelman Telecom 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 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 EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-203621.768794.62-22.91985.21486.61
31-Mar-213698.449015.5137.641149.14650.54
31-Mar-224525.7610116.31396.581540.721042.12
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) 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

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