Axita Cotton IPO vs Ritco Logistics IPO

Comparison between Axita Cotton IPO and Ritco Logistics IPO.

IPO Details

Axita Cotton IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Ritco Logistics IPO is a SME Bookbuilding proposed to list at BSE SME.

Issue Size and Price

The total issue size of Axita Cotton IPO is up to ₹9.96 Cr whereas the issue size of the Ritco Logistics IPO is up to ₹45.74 Cr. The final issue price of Axita Cotton IPO is ₹60.00 per share and of Ritco Logistics IPO is ₹73.00 per share.

 Axita Cotton IPORitco Logistics IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹71.00 per share
Issue Price (Upper)₹73.00 per share
Issue Price (Final)₹60.00 per share₹73.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size2000 shares1600 shares
Fresh Issue Size16,60,000 shares46,65,600 shares
Fresh Issue Size (Amount)up to ₹9.96 Crup to ₹34.06 Cr
OFS Issue Size0 shares16,00,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹11.68 Cr
Issue Size Total16,60,000 shares62,65,600 shares
Issue Size Total (Amount)up to ₹9.96 Crup to ₹45.74 Cr

IPO Timetable

Axita Cotton IPO opens on Dec 27, 2018, while Ritco Logistics IPO opens on Jan 28, 2019. The closing date of Axita Cotton IPO and Ritco Logistics IPO is Jan 02, 2019, and Jan 30, 2019, respectively.

 Axita Cotton IPORitco Logistics IPO
Issue OpenDec 27, 2018Jan 28, 2019
Issue CloseJan 02, 2019Jan 30, 2019
Basis Of Allotment (Tentative)Jan 07, 2019Feb 04, 2019
Initiation of Refunds (Tentative)Jan 08, 2019Feb 05, 2019
Credit of Share (Tentative)Jan 09, 2019Feb 06, 2019
Listing date (Tentative)Jan 10, 2019Feb 07, 2019

Financials & KPIs

Axita Cotton IPO P/E ratio is , as compared to Ritco Logistics IPO P/E ratio of .

 Axita Cotton IPORitco Logistics IPO
Financials

Company Financials (Restated)

Period Ended30 Jun 201831 Mar 201831 Mar 201731 Mar 2016
Assets25.5622.2917.5113.87
Total Income21.22123.9291.5268.76
Profit After Tax0.330.820.030.12
EBITDA1.093.441.751.98
NET Worth3.503.162.352.30
Reserves and Surplus1.060.73-0.07-0.10
Total Borrowing16.6216.9614.9111.20
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Sep 201831 Mar 201831 Mar 201731 Mar 2016
Assets178.94154.0397.0889.90
Total Income208.60343.91328.96314.16
Profit After Tax6.2110.283.821.44
EBITDA24.7329.0214.519.45
NET Worth54.1647.9537.6733.85
Reserves and Surplus34.6828.4724.2320.41
Total Borrowing116.6295.8452.8152.80
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100%100%
Promoter Shareholding (Post-Issue)73.26%73.03%
Market Cap₹39.31 Cr.₹178.68 Cr.

Shares Offered

In the Axita Cotton IPO Retail Individual Investors (RII) are offered 8,30,000 shares while in Ritco Logistics IPO retail investors are offered 8,30,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Axita Cotton IPO and in Ritco Logistics IPO.

 Axita Cotton IPORitco Logistics IPO
Anchor Investor Reservation0 shares
Market Maker Reservation92,000 shares3,34,400 shares
QIB0 shares
NII8,30,000 shares31,32,800 shares
RII8,30,000 shares31,32,800 shares
Employee0 shares
Total16,60,000 shares62,65,600 shares

Bids Received (Subscription)

Axita Cotton IPO subscribed 1.98x in total, whereas Ritco Logistics IPO subscribed 1.39x.

 Axita Cotton IPORitco Logistics IPO
NII (times)2.40x1.82x
RII (times)1.55x0.96x
Total (times)1.98x1.39x

Compare with others

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Axita Cotton IPO Vs Ritco Logistics IPO