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Earthstahl IPO vs Lead Reclaim IPO

Comparison between Earthstahl IPO and Lead Reclaim IPO.

IPO Details

Earthstahl IPO is a SME Fixed Price IPO proposed to list at BSE SME while Lead Reclaim IPO is a SME Fixed Price proposed to list at NSE SME.

 Earthstahl IPOLead Reclaim IPO
LogoEarthstahl IPO LogoLead Reclaim IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtBSE SMENSE SME
Lead ManagersHem Securities Ltd.Fedex Securities Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerHem Securities Ltd.Svcm Securities 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 Earthstahl IPO is up to ₹12.29 Cr whereas the issue size of the Lead Reclaim IPO is up to ₹4.62 Cr. The final issue price of Earthstahl IPO is ₹40.00 per share and of Lead Reclaim IPO is ₹25.00 per share.

 Earthstahl IPOLead Reclaim 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)₹40.00 per share₹25.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size3000 shares6000 shares
Fresh Issue Size30,72,000 shares18,48,000 shares
Fresh Issue Size (Amount)up to ₹12.29 Crup to ₹4.62 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total30,72,000 shares18,48,000 shares
Issue Size Total (Amount)up to ₹12.29 Crup to ₹4.62 Cr

IPO Timetable

Earthstahl IPO opens on Jan 27, 2023, while Lead Reclaim IPO opens on Feb 09, 2023. The closing date of Earthstahl IPO and Lead Reclaim IPO is Jan 31, 2023, and Feb 13, 2023, respectively.

 Earthstahl IPOLead Reclaim IPO
Anchor Bid Date
Issue OpenJan 27, 2023Feb 09, 2023
Issue CloseJan 31, 2023Feb 13, 2023
Basis Of Allotment (Tentative)Feb 03, 2023Feb 16, 2023
Initiation of Refunds (Tentative)Feb 06, 2023Feb 17, 2023
Credit of Share (Tentative)Feb 07, 2023Feb 20, 2023
Listing date (Tentative)Feb 08, 2023Feb 21, 2023
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Earthstahl IPO P/E ratio is 4.22, as compared to Lead Reclaim IPO P/E ratio of 25.77.

 Earthstahl IPOLead Reclaim IPO
Financials
Earthstahl & Alloys Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-202,990.733,181.58-33.4944.24200.221,733.71
31-Mar-212,817.232,457.53267.31311.55467.531,396.82
31-Mar-223,592.614,907.54745.481,057.031,213.011,399.97
30-Sep-224,303.344,824.68580.471,637.501,793.481,092.93
Amount in ₹ Lakhs
Lead Reclaim and Rubber Products Limited Financial Information (Restated Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20532.45483.6736.3617.47-2.68377.25
31-Mar-21594.88706.2622.7440.2020.05394.67
31-Mar-22704.321,036.9347.87289.5767.92269.30
30-Sep-22994.65498.9935.55555.63241.78271.38
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)100.0086.48
Promoter Shareholding (Post-Issue)73.5363.51
P/E Ratio4.2225.77
Market Cap₹48.96 Cr.₹18.35 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Earthstahl IPO Retail Individual Investors (RII) are offered 10,77,000 shares while in Lead Reclaim IPO retail investors are offered 10,77,000 shares. Qualified Institutional Buyers (QIB) are offered 9,18,000 shares in Earthstahl IPO and in Lead Reclaim IPO.

 Earthstahl IPOLead Reclaim IPO
Anchor Investor Reserveration
Market Maker Reserveration1,68,000 shares1,02,000 shares
QIB9,18,000 shares
NII10,77,000 shares9,24,000 shares
RII10,77,000 shares9,24,000 shares
Employee
Others
Total30,72,000 shares18,48,000 shares

Bids Received (Subscription)

Earthstahl IPO subscribed 235.18x in total, whereas Lead Reclaim IPO subscribed 75.98x.

 Earthstahl IPOLead Reclaim IPO
QIB (times)39.83x
NII (times)445.09x87.56x
Big NII (times)
Small NII (times)
RII (times)191.77x64.41x
Employee (times)
Other (times)
Total (times)235.18x75.98x