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Indong Tea IPO vs Viaz Tyres IPO

Comparison between Indong Tea IPO and Viaz Tyres IPO.

IPO Details

Indong Tea IPO is a SME Fixed Price IPO proposed to list at BSE SME while Viaz Tyres IPO is a SME Fixed Price proposed to list at NSE SME.

 Indong Tea IPOViaz Tyres IPO
LogoIndong Tea IPO LogoViaz Tyres IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMENSE SME
Lead ManagersFinshore Management Services Ltd.Beeline Capital Advisors Pvt.Ltd.
RegistrarCameo Corporate Services Ltd.MUFG Intime India Pvt.Ltd.
Market MakerNikunj Stock Brokers Ltd.Sunflower Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Indong Tea IPO is up to ₹12.36 Cr whereas the issue size of the Viaz Tyres IPO is up to ₹19.00 Cr. The final issue price of Indong Tea IPO is ₹26.00 per share and of Viaz Tyres IPO is ₹62.00 per share.

 Indong Tea IPOViaz Tyres IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹26.00 per share₹62.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size4000 shares2000 shares
Fresh Issue Size47,52,000 shares30,64,000 shares
Fresh Issue Size (Amount)up to ₹12.36 Crup to ₹19.00 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total47,52,000 shares30,64,000 shares
Issue Size Total (Amount)up to ₹12.36 Crup to ₹19.00 Cr

IPO Timetable

Indong Tea IPO opens on Feb 09, 2023, while Viaz Tyres IPO opens on Feb 16, 2023. The closing date of Indong Tea IPO and Viaz Tyres IPO is Feb 13, 2023, and Feb 21, 2023, respectively.

 Indong Tea IPOViaz Tyres IPO
Anchor Bid Date
Issue OpenFeb 09, 2023Feb 16, 2023
Issue CloseFeb 13, 2023Feb 21, 2023
Basis Of Allotment (Tentative)Feb 16, 2023Feb 24, 2023
Initiation of Refunds (Tentative)Feb 17, 2023Feb 27, 2023
Credit of Share (Tentative)Feb 20, 2023Feb 28, 2023
Listing date (Tentative)Feb 21, 2023Mar 01, 2023
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Indong Tea IPO P/E ratio is 9.52, as compared to Viaz Tyres IPO P/E ratio of 24.9.

 Indong Tea IPOViaz Tyres IPO
Financials

Company Financials (Restated)

Period Ended30 Sep 202231 Mar 202231 Mar 202131 Mar 2020
Assets46.9043.2540.6041.36
Total Income13.2419.9323.1316.73
Profit After Tax2.051.321.28-1.21
NET Worth10.688.64-2.94-4.22
Reserves and Surplus21.7619.7113.0211.75
Total Borrowing10.479.6018.4220.97
Amount in ₹ Crore

Company Financials (Restated Standalone)

Period Ended30 Sep 202231 Mar 202231 Mar 202131 Mar 2020
Assets34.0628.9827.1324.30
Total Income23.7929.3329.1719.94
Profit After Tax1.531.470.610.15
NET Worth10.986.404.944.33
Reserves and Surplus0.000.000.000.00
Total Borrowing20.0319.9620.4818.96
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)96.0999.2
Promoter Shareholding (Post-Issue)64.0373.07
P/E Ratio9.5224.9
Market Cap₹39.00 Cr.₹75.96 Cr.
ROE25.91
ROCE19.98
Debt/Equity3.12
EPS₹2.12₹1.72
RoNW15.2422.94

Shares Offered

In the Indong Tea IPO Retail Individual Investors (RII) are offered 23,76,000 shares while in Viaz Tyres IPO retail investors are offered 23,76,000 shares. Qualified Institutional Buyers (QIB) are offered in Indong Tea IPO and in Viaz Tyres IPO.

 Indong Tea IPOViaz Tyres IPO
Anchor Investor Reservation
Market Maker Reservation5,04,000 shares1,62,000 shares
QIB
NII23,76,000 shares15,32,000 shares
RII23,76,000 shares15,32,000 shares
Employee
Others
Total47,52,000 shares30,64,000 shares

Bids Received (Subscription)

Indong Tea IPO subscribed 4.97x in total, whereas Viaz Tyres IPO subscribed 5.79x.

 Indong Tea IPOViaz Tyres IPO
QIB (times)
NII (times)2.17x5.33x
Big NII (times)
Small NII (times)
RII (times)7.76x6.25x
Employee (times)
Other (times)
Total (times)4.97x5.79x

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Compare:

Indong Tea IPO Vs Viaz Tyres IPO