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Cargosol Logistics IPO vs Steelman Telecom IPO

Comparison between Cargosol Logistics IPO and Steelman Telecom IPO.

IPO Details

Cargosol Logistics IPO is a SME Fixed Price IPO proposed to list at BSE SME while Steelman Telecom IPO is a SME Fixed Price proposed to list at BSE SME.

 Cargosol Logistics IPOSteelman Telecom IPO
LogoCargosol Logistics IPO LogoSteelman Telecom IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMEBSE SME
Lead ManagersHem Securities Ltd.Gretex Corporate Services Ltd.
RegistrarMUFG Intime India Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerHem Finlease Pvt.Ltd.Gretex Share Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Cargosol Logistics IPO is up to ₹7.17 Cr whereas the issue size of the Steelman Telecom IPO is up to ₹24.72 Cr. The final issue price of Cargosol Logistics IPO is ₹28.00 per share and of Steelman Telecom IPO is ₹96.00 per share.

 Cargosol Logistics IPOSteelman Telecom IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹28.00 per share₹96.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size4000 shares1200 shares
Fresh Issue Size25,60,000 shares17,61,600 shares
Fresh Issue Size (Amount)up to ₹7.17 Crup to ₹16.91 Cr
OFS Issue Size0 shares8,13,600 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹7.81 Cr
Issue Size Total25,60,000 shares25,75,200 shares
Issue Size Total (Amount)up to ₹7.17 Crup to ₹24.72 Cr

IPO Timetable

Cargosol Logistics IPO opens on Sep 28, 2022, while Steelman Telecom IPO opens on Sep 26, 2022. The closing date of Cargosol Logistics IPO and Steelman Telecom IPO is Sep 30, 2022, and Sep 29, 2022, respectively.

 Cargosol Logistics IPOSteelman Telecom IPO
Anchor Bid Date
Issue OpenSep 28, 2022Sep 26, 2022
Issue CloseSep 30, 2022Sep 29, 2022
Basis Of Allotment (Tentative)Oct 06, 2022Oct 07, 2022
Initiation of Refunds (Tentative)Oct 07, 2022Oct 10, 2022
Credit of Share (Tentative)Oct 10, 2022Oct 10, 2022
Listing date (Tentative)Oct 10, 2022Oct 10, 2022
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Cargosol Logistics IPO P/E ratio is 5.15, as compared to Steelman Telecom IPO P/E ratio of 23.41.

 Cargosol Logistics IPOSteelman Telecom IPO
Financials
Cargosol Logistics Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-192689.25590.79101.88656.57606.57
31-Mar-202971.676412.92120.14782.46682.46
31-Mar-214107.5110359.99176.14978.96728.96
31-Mar-225782.3420072.25553.761599.82849.82
Amount in ₹ Lakhs
Steelman Telecom Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-203621.768794.62-22.91985.21486.61
31-Mar-213698.449015.5137.641149.14650.54
31-Mar-224525.7610116.31396.581540.721042.12
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)100100
Promoter Shareholding (Post-Issue)73.5271.98
P/E Ratio5.1523.41
Market Cap₹28.56 Cr.₹92.89 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Cargosol Logistics IPO Retail Individual Investors (RII) are offered 12,80,000 shares while in Steelman Telecom IPO retail investors are offered 12,80,000 shares. Qualified Institutional Buyers (QIB) are offered in Cargosol Logistics IPO and in Steelman Telecom IPO.

 Cargosol Logistics IPOSteelman Telecom IPO
Anchor Investor Reserveration
Market Maker Reserveration1,40,000 shares1,35,600 shares
QIB
NII12,80,000 shares16,72,800 shares
RII12,80,000 shares9,02,400 shares
Employee
Others
Total25,60,000 shares25,75,200 shares

Bids Received (Subscription)

Cargosol Logistics IPO subscribed 55.43x in total, whereas Steelman Telecom IPO subscribed 22.40x.

 Cargosol Logistics IPOSteelman Telecom IPO
QIB (times)7.78x
NII (times)84.61x70.09x
Big NII (times)
Small NII (times)
RII (times)26.26x22.82x
Employee (times)
Other (times)
Total (times)55.43x22.40x