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Evoq Remedies IPO vs Swaraj Suiting IPO

Comparison between Evoq Remedies IPO and Swaraj Suiting IPO.

IPO Details

Evoq Remedies IPO is a SME Fixed Price IPO proposed to list at BSE SME while Swaraj Suiting IPO is a SME Fixed Price proposed to list at NSE SME.

 Evoq Remedies IPOSwaraj Suiting IPO
LogoEvoq Remedies IPO LogoSwaraj Suiting IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMENSE SME
Lead ManagersSwastika Investmart Ltd.Finshore Management Services Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerSunflower Broking Pvt.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 Evoq Remedies IPO is up to ₹9.23 Cr whereas the issue size of the Swaraj Suiting IPO is up to ₹10.15 Cr. The final issue price of Evoq Remedies IPO is ₹27.00 per share and of Swaraj Suiting IPO is ₹56.00 per share.

 Evoq Remedies IPOSwaraj Suiting IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹27.00 per share₹56.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size4000 shares2000 shares
Fresh Issue Size34,20,000 shares18,12,000 shares
Fresh Issue Size (Amount)up to ₹9.23 Crup to ₹10.15 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total34,20,000 shares18,12,000 shares
Issue Size Total (Amount)up to ₹9.23 Crup to ₹10.15 Cr

IPO Timetable

Evoq Remedies IPO opens on Mar 17, 2022, while Swaraj Suiting IPO opens on Mar 15, 2022. The closing date of Evoq Remedies IPO and Swaraj Suiting IPO is Mar 22, 2022, and Mar 17, 2022, respectively.

 Evoq Remedies IPOSwaraj Suiting IPO
Anchor Bid Date
Issue OpenMar 17, 2022Mar 15, 2022
Issue CloseMar 22, 2022Mar 17, 2022
Basis Of Allotment (Tentative)Mar 25, 2022Mar 23, 2022
Initiation of Refunds (Tentative)Mar 28, 2022Mar 24, 2022
Credit of Share (Tentative)Mar 29, 2022Mar 25, 2022
Listing date (Tentative)Mar 30, 2022Mar 28, 2022
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Evoq Remedies IPO P/E ratio is 33.75, as compared to Swaraj Suiting IPO P/E ratio of 10.55.

 Evoq Remedies IPOSwaraj Suiting IPO
Financials
Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (Rs in Lakh)
  10-Feb-22 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 2660.58 804.63 565.22 214.78
Total Revenue 1056.58 1002.48 907.21 325
Profit After Tax 93.67 71.38 0.03 1.11
Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (Rs in million)
  30-Sep-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 916.23 917.17 970.45 937.34
Total Revenue 817.19 602.16 806.53 764.17
Profit After Tax 19.10 26.75 35.43 21.86
Promoter Shareholding (Pre-Issue)99.9999.74
Promoter Shareholding (Post-Issue)73.5373.31
P/E Ratio33.7510.55
Market Cap₹36.72 Cr.₹40.32 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Evoq Remedies IPO Retail Individual Investors (RII) are offered 17,10,000 shares while in Swaraj Suiting IPO retail investors are offered 17,10,000 shares. Qualified Institutional Buyers (QIB) are offered in Evoq Remedies IPO and in Swaraj Suiting IPO.

 Evoq Remedies IPOSwaraj Suiting IPO
Anchor Investor Reserveration
Market Maker Reserveration1,80,000 shares96,000 shares
QIB
NII17,10,000 shares9,04,000 shares
RII17,10,000 shares9,08,000 shares
Employee
Others
Total34,20,000 shares18,12,000 shares

Bids Received (Subscription)

Evoq Remedies IPO subscribed 1.67x in total, whereas Swaraj Suiting IPO subscribed 12.13x.

 Evoq Remedies IPOSwaraj Suiting IPO
QIB (times)
NII (times)0.30x13.81x
Big NII (times)
Small NII (times)
RII (times)3.03x10.46x
Employee (times)
Other (times)
Total (times)1.67x12.13x