Cargotrans Maritime IPO vs Swastik Pipe IPO

Comparison between Cargotrans Maritime IPO and Swastik Pipe IPO.

IPO Details

Cargotrans Maritime IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Swastik Pipe IPO is a SME Bookbuilding proposed to list at NSE SME.

Issue Size and Price

The total issue size of Cargotrans Maritime IPO is up to ₹4.59 Cr whereas the issue size of the Swastik Pipe IPO is up to ₹59.38 Cr. The final issue price of Cargotrans Maritime IPO is ₹45.00 per share and of Swastik Pipe IPO is ₹100.00 per share.

 Cargotrans Maritime IPOSwastik Pipe IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹97.00 per share
Issue Price (Upper)₹100.00 per share
Issue Price (Final)₹45.00 per share₹100.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size3000 shares1200 shares
Fresh Issue Size10,20,000 shares59,37,600 shares
Fresh Issue Size (Amount)up to ₹4.59 Crup to ₹59.38 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total10,20,000 shares59,37,600 shares
Issue Size Total (Amount)up to ₹4.59 Crup to ₹59.38 Cr

IPO Timetable

Cargotrans Maritime IPO opens on Sep 27, 2022, while Swastik Pipe IPO opens on Sep 29, 2022. The closing date of Cargotrans Maritime IPO and Swastik Pipe IPO is Sep 29, 2022, and Oct 03, 2022, respectively.

 Cargotrans Maritime IPOSwastik Pipe IPO
Issue OpenSep 27, 2022Sep 29, 2022
Issue CloseSep 29, 2022Oct 03, 2022
Basis Of Allotment (Tentative)Oct 04, 2022Oct 07, 2022
Initiation of Refunds (Tentative)Oct 06, 2022Oct 10, 2022
Credit of Share (Tentative)Oct 07, 2022Oct 11, 2022
Listing date (Tentative)Oct 10, 2022Oct 12, 2022

Financials & KPIs

Cargotrans Maritime IPO P/E ratio is 7.77, as compared to Swastik Pipe IPO P/E ratio of 11.38.

 Cargotrans Maritime IPOSwastik Pipe IPO
Financials

Company Financials (Restated)

Period Ended31 Mar 202231 Mar 202131 Mar 2020
Assets11.5710.715.93
Total Income89.6049.4120.58
Profit After Tax2.361.150.28
NET Worth5.322.961.81
Reserves and Surplus4.722.361.21
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Mar 202231 Mar 202131 Mar 202031 Mar 2019
Assets341.27336.26336.51356.08
Total Income612.20523.84658.07727.56
Profit After Tax20.411.49-13.894.68
NET Worth141.6981.3079.8193.70
Reserves and Surplus124.7172.0970.6184.50
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100%88.27%
Promoter Shareholding (Post-Issue)73.53%64.51%
P/E Ratio7.7711.38
Market Cap₹18.36 Cr.₹232.32 Cr.
ROE57.0514
ROCE51.9112
Debt/Equity0.430.80
EPS₹7.88₹14.19
RoNW15.2314.41

Shares Offered

In the Cargotrans Maritime IPO Retail Individual Investors (RII) are offered 5,10,000 shares while in Swastik Pipe IPO retail investors are offered 5,10,000 shares. Qualified Institutional Buyers (QIB) are offered in Cargotrans Maritime IPO and in Swastik Pipe IPO.

 Cargotrans Maritime IPOSwastik Pipe IPO
Market Maker Reservation60,000 shares3,14,400 shares
NII5,10,000 shares29,68,800 shares
RII5,10,000 shares29,68,800 shares
Total10,20,000 shares59,37,600 shares

Bids Received (Subscription)

Cargotrans Maritime IPO subscribed 148.25x in total, whereas Swastik Pipe IPO subscribed 1.35x.

 Cargotrans Maritime IPOSwastik Pipe IPO
NII (times)129.63x1.37x
RII (times)166.86x1.33x
Total (times)148.25x1.35x

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