Ducol Organics IPO vs Earthstahl IPO

Comparison between Ducol Organics IPO and Earthstahl IPO.

IPO Details

Ducol Organics IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Earthstahl IPO is a SME Bookbuilding proposed to list at BSE SME.

Issue Size and Price

The total issue size of Ducol Organics IPO is up to ₹28.38 Cr whereas the issue size of the Earthstahl IPO is up to ₹12.29 Cr. The final issue price of Ducol Organics IPO is ₹78.00 per share and of Earthstahl IPO is ₹40.00 per share.

 Ducol Organics IPOEarthstahl IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹38.00 per share
Issue Price (Upper)₹40.00 per share
Issue Price (Final)₹78.00 per share₹40.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size1600 shares3000 shares
Fresh Issue Size36,38,400 shares30,72,000 shares
Fresh Issue Size (Amount)up to ₹28.38 Crup to ₹12.29 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total36,38,400 shares30,72,000 shares
Issue Size Total (Amount)up to ₹28.38 Crup to ₹12.29 Cr

IPO Timetable

Ducol Organics IPO opens on Jan 09, 2023, while Earthstahl IPO opens on Jan 27, 2023. The closing date of Ducol Organics IPO and Earthstahl IPO is Jan 11, 2023, and Jan 31, 2023, respectively.

 Ducol Organics IPOEarthstahl IPO
Issue OpenJan 09, 2023Jan 27, 2023
Issue CloseJan 11, 2023Jan 31, 2023
Basis Of Allotment (Tentative)Jan 16, 2023Feb 03, 2023
Initiation of Refunds (Tentative)Jan 17, 2023Feb 06, 2023
Credit of Share (Tentative)Jan 18, 2023Feb 07, 2023
Listing date (Tentative)Jan 19, 2023Feb 08, 2023

Financials & KPIs

Ducol Organics IPO P/E ratio is 13.59, as compared to Earthstahl IPO P/E ratio of 4.22.

 Ducol Organics IPOEarthstahl IPO
Financials

Company Financials (Restated Consolidated)

Period Ended30 Sep 202231 Mar 202231 Mar 202131 Mar 2020
Assets60.5563.4857.1061.40
Total Income48.7588.9478.8673.72
Profit After Tax4.174.912.810.07
NET Worth24.8520.9016.1114.06
Reserves and Surplus14.9018.5313.9011.06
Total Borrowing13.5019.9216.5722.97
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Sep 202231 Mar 202231 Mar 202131 Mar 2020
Assets43.0335.9328.1729.91
Total Income48.2549.0824.5831.82
Profit After Tax5.807.452.67-0.33
NET Worth16.3810.573.120.44
Reserves and Surplus17.9312.134.682.00
Total Borrowing10.9314.0013.9717.34
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)79.46%100%
Promoter Shareholding (Post-Issue)57.38%73.53%
P/E Ratio13.594.22
Market Cap₹113.41 Cr.₹48.96 Cr.
ROE65.38
ROCE37.41
Debt/Equity0.93
EPS₹4.68₹8.28
RoNW23.570.53

Shares Offered

In the Ducol Organics IPO Retail Individual Investors (RII) are offered 18,19,200 shares while in Earthstahl IPO retail investors are offered 18,19,200 shares. Qualified Institutional Buyers (QIB) are offered in Ducol Organics IPO and 9,18,000 shares in Earthstahl IPO.

 Ducol Organics IPOEarthstahl IPO
Market Maker Reservation4,01,600 shares1,68,000 shares
QIB9,18,000 shares
NII18,19,200 shares10,77,000 shares
RII18,19,200 shares10,77,000 shares
Total36,38,400 shares30,72,000 shares

Bids Received (Subscription)

Ducol Organics IPO subscribed 44.63x in total, whereas Earthstahl IPO subscribed 235.18x.

 Ducol Organics IPOEarthstahl IPO
QIB (times)39.83x
NII (times)58.15x445.09x
RII (times)31.11x191.77x
Total (times)44.63x235.18x

Compare with others

Compare: