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Earthstahl IPO vs Eastern Logica Infoway IPO

Comparison between Earthstahl IPO and Eastern Logica Infoway IPO.

IPO Details

Earthstahl IPO is a SME Fixed Price IPO proposed to list at BSE SME while Eastern Logica Infoway IPO is a SME Fixed Price proposed to list at BSE SME.

 Earthstahl IPOEastern Logica Infoway IPO
LogoEarthstahl IPO LogoEastern Logica Infoway IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtBSE SMEBSE SME
Lead ManagersHem Securities Ltd.Oneview Corporate Advisors Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Kfin Technologies Ltd.
Market MakerHem Securities Ltd.Nikunj Stock Brokers 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 Eastern Logica Infoway IPO is up to ₹16.07 Cr. The final issue price of Earthstahl IPO is ₹40.00 per share and of Eastern Logica Infoway IPO is ₹225.00 per share.

 Earthstahl IPOEastern Logica Infoway 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₹225.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size3000 shares600 shares
Fresh Issue Size30,72,000 shares6,25,200 shares
Fresh Issue Size (Amount)up to ₹12.29 Crup to ₹14.07 Cr
OFS Issue Size0 shares88,800 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹2.00 Cr
Issue Size Total30,72,000 shares7,14,000 shares
Issue Size Total (Amount)up to ₹12.29 Crup to ₹16.07 Cr

IPO Timetable

Earthstahl IPO opens on Jan 27, 2023, while Eastern Logica Infoway IPO opens on Jan 05, 2023. The closing date of Earthstahl IPO and Eastern Logica Infoway IPO is Jan 31, 2023, and Jan 09, 2023, respectively.

 Earthstahl IPOEastern Logica Infoway IPO
Anchor Bid Date
Issue OpenJan 27, 2023Jan 05, 2023
Issue CloseJan 31, 2023Jan 09, 2023
Basis Of Allotment (Tentative)Feb 03, 2023Jan 12, 2023
Initiation of Refunds (Tentative)Feb 06, 2023Jan 13, 2023
Credit of Share (Tentative)Feb 07, 2023Jan 16, 2023
Listing date (Tentative)Feb 08, 2023Jan 17, 2023
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Earthstahl IPO P/E ratio is 4.22, as compared to Eastern Logica Infoway IPO P/E ratio of 24.09.

 Earthstahl IPOEastern Logica Infoway 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
Eastern Logica Infoway Limited Financial Information (Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-208490.9249882.84181.622832.662622.682931.84
31-Mar-2110324.4344702.9233.593126.022911.374413.71
31-Mar-2212663.7161558.01285.343470.33251.655967.53
30-Sep-2212561.7930504.16133.143603.443384.795694.82
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)100.00100.00
Promoter Shareholding (Post-Issue)73.5373.59
P/E Ratio4.2224.09
Market Cap₹48.96 Cr.₹64.14 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 Eastern Logica Infoway IPO retail investors are offered 10,77,000 shares. Qualified Institutional Buyers (QIB) are offered 9,18,000 shares in Earthstahl IPO and in Eastern Logica Infoway IPO.

 Earthstahl IPOEastern Logica Infoway IPO
Anchor Investor Reserveration
Market Maker Reserveration1,68,000 shares39,000 shares
QIB9,18,000 shares
NII10,77,000 shares3,57,000 shares
RII10,77,000 shares3,57,000 shares
Employee
Others
Total30,72,000 shares7,14,000 shares

Bids Received (Subscription)

Earthstahl IPO subscribed 235.18x in total, whereas Eastern Logica Infoway IPO subscribed 1.74x.

 Earthstahl IPOEastern Logica Infoway IPO
QIB (times)39.83x
NII (times)445.09x1.92x
Big NII (times)
Small NII (times)
RII (times)191.77x1.56x
Employee (times)
Other (times)
Total (times)235.18x1.74x