Indong Tea Company IPO vs Transvoy Logistics India IPO

Comparision between Indong Tea Company IPO and Transvoy Logistics India IPO.

IPO Details

Indong Tea Company IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Transvoy Logistics India IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Indong Tea Company IPO	Transvoy Logistics India 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	Finshore Management Services Limited	Beeline Capital Advisors Pvt Ltd
Registrar	Cameo Corporate Services Limited	Link Intime India Private Ltd
Market Maker	Nikunj Stock Brokers Limited	Sunflower Broking Private Limited
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 Indong Tea Company IPO is up to ₹13.01 Cr whereas the issue size of the Transvoy Logistics India IPO is up to ₹5.11 Cr. The final issue price of Indong Tea Company IPO is ₹26.00 per share and of Transvoy Logistics India IPO is ₹71.00 per share.

	Indong Tea Company IPO	Transvoy Logistics India IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹26.00 per share	₹71.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	4000 shares	1600 shares
Fresh Issue Size	50,04,000 shares	7,20,000 shares
Fresh Issue Size (Amount)	up to ₹13.01 Cr	up to ₹5.11 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	50,04,000 shares	7,20,000 shares
Issue Size Total (Amount)	up to ₹13.01 Cr	up to ₹5.11 Cr

IPO Timetable

Indong Tea Company IPO opens on Feb 09, 2023, while Transvoy Logistics India IPO opens on Jan 20, 2023. The closing date of Indong Tea Company IPO and Transvoy Logistics India IPO is Feb 13, 2023, and Jan 24, 2023, respectively.

	Indong Tea Company IPO	Transvoy Logistics India IPO
Anchor Bid Date
Issue Open	Feb 09, 2023	Jan 20, 2023
Issue Close	Feb 13, 2023	Jan 24, 2023
Basis Of Allotment (Tentative)	Feb 16, 2023	Jan 30, 2023
Initiation of Refunds (Tentative)	Feb 17, 2023	Jan 31, 2023
Credit of Share (Tentative)	Feb 20, 2023	Feb 01, 2023
Listing date (Tentative)	Feb 21, 2023	Feb 02, 2023
Anchor Lockin End date 1	Mar 18, 2023	Mar 01, 2023
Anchor Lockin End date 2	May 17, 2023	Apr 30, 2023

Financials

Indong Tea Company IPO P/E ratio is 9.52, as compared to Transvoy Logistics India IPO P/E ratio of 34.63.

Indong Tea Company IPO

Transvoy Logistics India IPO

Financial

Indong Tea Company Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	4,136.26	1,672.64	-121.29	-421.85	1,174.94	2,097.43
31-Mar-21	4,059.79	2,313.00	127.56	-294.30	1,302.49	1,841.74
31-Mar-22	4,324.96	1,992.97	131.62	863.68	1,971.48	960.09
30-Sep-22	4,689.74	1,324.22	204.61	1,068.29	2,176.09	1,047.42
Amount in ₹ Lakhs

Transvoy Logistics India Limited Financial Information (Standalone)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	11.48	42.9	1.33	0.06	-0.94	0
31-Mar-21	12.47	62.21	1.18	1.25	0.25	0
31-Mar-22	109.89	503.02	56.69	52.91	56.91	0.97
25-Nov-22	748.23	1048	34.48	229.49	35.19	141.3
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

96.09%

97.94%

Promoter Shareholding (Post-Issue)

64.03%

71.46%

P/E Ratio

9.52

34.63

Market Cap

₹39.00 Cr.

₹18.91 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Indong Tea Company IPO retail investors (RII) are offered 23,76,000 shares while in Transvoy Logistics India IPO retail investors are offered 23,76,000 shares. Qualified institutional buyers (QIB) are offered in Indong Tea Company IPO and in Transvoy Logistics India IPO.

	Indong Tea Company IPO	Transvoy Logistics India IPO
Anchor Investor Reserveration
Market Maker Reserveration	2,52,000 shares	38,400 shares
QIB
NII	23,76,000 shares	3,40,800 shares
RII	23,76,000 shares	3,40,800 shares
Employee
Others
Total	47,52,000 shares	6,81,600 shares

Bids Received (Subscription)

Indong Tea Company IPO subscribed 4.97x in total, whereas Transvoy Logistics India IPO subscribed 184.34x.

	Indong Tea Company IPO	Transvoy Logistics India IPO
QIB (times)
NII (times)	2.17x	200.00x
Big NII (times)
Small NII (times)
RII (times)	7.76x	168.67x
Employee (times)
Other (times)
Total (times)	4.97x	184.34x

Compare with others

Indong Tea Company IPO	Transvoy Logistics India IPO
Macfos IPO	Indong Tea Company IPO
ITCONS E-Solutions IPO	Agarwal Float Glass India IPO
Viaz Tyres IPO	Shera Energy IPO
Patron Exim IPO	Gayatri Rubbers and Chemicals IPO
Lead Reclaim and Rubber Products IPO	Earthstahl & Alloys IPO
Agarwal Float Glass India IPO	DHARNI Capital Services IPO
Shera Energy IPO	Aristo Bio-Tech and Lifescience IPO
Gayatri Rubbers and Chemicals IPO	Ducol Organics And Colours IPO
Earthstahl & Alloys IPO	Eastern Logica Infoway IPO
Transvoy Logistics India IPO	Chaman Metallics IPO

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