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Baheti Recycling Industries IPO vs Rite Zone Chemcon IPO

Comparison between Baheti Recycling Industries IPO and Rite Zone Chemcon IPO.

IPO Details

Baheti Recycling Industries IPO is a SME Fixed Price IPO proposed to list at NSE SME while Rite Zone Chemcon IPO is a SME Fixed Price proposed to list at NSE SME.

 Baheti Recycling Industries IPORite Zone Chemcon IPO
LogoBaheti Recycling Industries IPO LogoRite Zone Chemcon IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMENSE SME
Lead ManagersHem Securities Ltd.Expert Global Consultants Pvt.Ltd.
RegistrarPurva Sharegistry (India) Pvt.Ltd.Skyline Financial Services Pvt.Ltd.
Market MakerHem Finlease Pvt.Ltd.Rikhav Securities Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Baheti Recycling Industries IPO is up to ₹11.76 Cr whereas the issue size of the Rite Zone Chemcon IPO is up to ₹8.51 Cr. The final issue price of Baheti Recycling Industries IPO is ₹45.00 per share and of Rite Zone Chemcon IPO is ₹75.00 per share.

 Baheti Recycling Industries IPORite Zone Chemcon IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹45.00 per share₹75.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size3000 shares1600 shares
Fresh Issue Size26,13,000 shares11,34,400 shares
Fresh Issue Size (Amount)up to ₹11.76 Crup to ₹8.51 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total26,13,000 shares11,34,400 shares
Issue Size Total (Amount)up to ₹11.76 Crup to ₹8.51 Cr

IPO Timetable

Baheti Recycling Industries IPO opens on Nov 28, 2022, while Rite Zone Chemcon IPO opens on Oct 31, 2022. The closing date of Baheti Recycling Industries IPO and Rite Zone Chemcon IPO is Nov 30, 2022, and Nov 02, 2022, respectively.

 Baheti Recycling Industries IPORite Zone Chemcon IPO
Anchor Bid Date
Issue OpenNov 28, 2022Oct 31, 2022
Issue CloseNov 30, 2022Nov 02, 2022
Basis Of Allotment (Tentative)Dec 05, 2022Nov 07, 2022
Initiation of Refunds (Tentative)Dec 06, 2022Nov 09, 2022
Credit of Share (Tentative)Dec 07, 2022Nov 10, 2022
Listing date (Tentative)Dec 08, 2022Nov 11, 2022
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Baheti Recycling Industries IPO P/E ratio is 13.55, as compared to Rite Zone Chemcon IPO P/E ratio of 90.36.

 Baheti Recycling Industries IPORite Zone Chemcon IPO
Financials
Baheti Recycling Industries Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-204535.0910595.8419.191033.236583118.89
31-Mar-21630112780.0247.781081.02706.023789.61
31-Mar-228190.3924926.06291.981669.5112135074.81
31-May-227939.48575757.361726.871270.364536.31
Amount in ₹ Lakhs
Rite Zone Chemcon India Ltd Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20666.83574.7715.8962.5361.53258.12
31-Mar-21677.87384.210.6963.2662.26329.3
31-Mar-221039.27565.7326.21502.36198.86106.24
30-Sep-221240.921036.3417.48519.85216.3497.36
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)99.9858.39
Promoter Shareholding (Post-Issue)73.37
P/E Ratio13.5590.36
Market Cap₹46.66 Cr.₹31.73 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Baheti Recycling Industries IPO Retail Individual Investors (RII) are offered 13,08,000 shares while in Rite Zone Chemcon IPO retail investors are offered 13,08,000 shares. Qualified Institutional Buyers (QIB) are offered in Baheti Recycling Industries IPO and in Rite Zone Chemcon IPO.

 Baheti Recycling Industries IPORite Zone Chemcon IPO
Anchor Investor Reserveration
Market Maker Reserveration1,47,000 shares60,800 shares
QIB
NII13,05,000 shares5,66,400 shares
RII13,08,000 shares5,68,000 shares
Employee
Others
Total26,13,000 shares11,34,400 shares

Bids Received (Subscription)

Baheti Recycling Industries IPO subscribed 347.53x in total, whereas Rite Zone Chemcon IPO subscribed 4.73x.

 Baheti Recycling Industries IPORite Zone Chemcon IPO
QIB (times)
NII (times)259.21x2.36x
Big NII (times)
Small NII (times)
RII (times)435.65x7.10x
Employee (times)
Other (times)
Total (times)347.53x4.73x