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Rhetan TMT IPO vs Upsurge Seeds of Agriculture IPO

Comparision between Rhetan TMT IPO and Upsurge Seeds of Agriculture IPO.

IPO Details

Rhetan TMT IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Upsurge Seeds of Agriculture IPO is a SME Fixed Price Issue proposed to list at NSE SME.

  Rhetan TMT IPO Upsurge Seeds of Agriculture IPO
Logo Rhetan TMT IPO Logo Upsurge Seeds of Agriculture IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Fixed Price Issue
Listing At BSE SME NSE SME
Lead Managers Aryaman Financial Services Limited Finshore Management Services Limited
Registrar Bigshare Services Pvt 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 Rhetan TMT IPO is up to ₹56.00 Cr whereas the issue size of the Upsurge Seeds of Agriculture IPO is up to ₹22.81 Cr. The final issue price of Rhetan TMT IPO is ₹70.00 per share and of Upsurge Seeds of Agriculture IPO is ₹120.00 per share.

  Rhetan TMT IPO Upsurge Seeds of Agriculture IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final) ₹70.00 per share ₹120.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 2000 shares 1200 shares
Fresh Issue Size 80,00,000 shares 19,00,800 shares
Fresh Issue Size (Amount) up to ₹56.00 Cr up to ₹22.81 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 80,00,000 shares 19,00,800 shares
Issue Size Total (Amount) up to ₹56.00 Cr up to ₹22.81 Cr

IPO Timetable

Rhetan TMT IPO opens on Aug 22, 2022, while Upsurge Seeds of Agriculture IPO opens on Jul 29, 2022. The closing date of Rhetan TMT IPO and Upsurge Seeds of Agriculture IPO is Aug 25, 2022, and Aug 02, 2022, respectively.

  Rhetan TMT IPO Upsurge Seeds of Agriculture IPO
Anchor Bid Date
Issue Open Aug 22, 2022 Jul 29, 2022
Issue Close Aug 25, 2022 Aug 02, 2022
Basis Of Allotment (Tentative) Aug 30, 2022 Aug 05, 2022
Initiation of Refunds (Tentative) Sep 01, 2022 Aug 08, 2022
Credit of Share (Tentative) Sep 02, 2022 Aug 10, 2022
Listing date (Tentative) Sep 05, 2022 Aug 11, 2022
Anchor Lockin End date 1 Sep 29, 2022 Sep 04, 2022
Anchor Lockin End date 2 Nov 28, 2022 Nov 03, 2022

Financials

Rhetan TMT IPO P/E ratio is 63.64, as compared to Upsurge Seeds of Agriculture IPO P/E ratio of 21.35.

  Rhetan TMT IPO Upsurge Seeds of Agriculture IPO
Financial
Rhetan TMT Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-203046.862008.26-58.0430.21-311.65
31-Mar-213980.655213.0113.44783.65-298.21
31-Mar-225900.066703.45234.572313.211046.35
Amount in ₹ Lakhs
Upsurge Seeds of Agriculture Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-20835.391763.7321.9292.1442.14
31-Mar-211811.86290.3185.31324.45127.45
31-Mar-224087.497577.15396.441119.3603.4
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 99.62% 96.92%
Promoter Shareholding (Post-Issue) 62.12% 70.82%
P/E Ratio 63.64 21.35
Market Cap ₹148.75 Cr. ₹84.72 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Rhetan TMT IPO retail investors (RII) are offered 37,92,000 shares while in Upsurge Seeds of Agriculture IPO retail investors are offered 37,92,000 shares. Qualified institutional buyers (QIB) are offered in Rhetan TMT IPO and in Upsurge Seeds of Agriculture IPO.

  Rhetan TMT IPO Upsurge Seeds of Agriculture IPO
Anchor Investor Reserveration
Market Maker Reserveration 4,16,000 shares 96,000 shares
QIB
NII 37,92,000 shares 9,02,400 shares
RII 37,92,000 shares 9,02,400 shares
Employee
Others
Total 75,84,000 shares 18,04,800 shares

Bids Received (Subscription)

Rhetan TMT IPO subscribed 1.47x in total, whereas Upsurge Seeds of Agriculture IPO subscribed 80.50x.

  Rhetan TMT IPO Upsurge Seeds of Agriculture IPO
QIB (times)
NII (times) 2.18x 101.70x
Big NII (times)
Small NII (times)
RII (times) 0.76x 59.29x
Employee (times)
Other (times)
Total (times) 1.47x 80.50x

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