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Frog Cellsat IPO vs Rite Zone Chemcon IPO

Comparison between Frog Cellsat IPO and Rite Zone Chemcon IPO.

IPO Details

Frog Cellsat IPO is a SME Fixed Price IPO proposed to list at NSE SME while Rite Zone Chemcon IPO is a SME Fixed Price proposed to list at NSE SME.

 Frog Cellsat IPORite Zone Chemcon IPO
LogoFrog Cellsat IPO LogoRite Zone Chemcon IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMENSE SME
Lead ManagersSarthi Capital Advisors Pvt.Ltd.Expert Global Consultants Pvt.Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Skyline Financial Services Pvt.Ltd.
Market MakerSS Corporate Securities Ltd.Rikhav Securities Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Frog Cellsat IPO is up to ₹39.49 Cr whereas the issue size of the Rite Zone Chemcon IPO is up to ₹8.51 Cr. The final issue price of Frog Cellsat IPO is ₹102.00 per share and of Rite Zone Chemcon IPO is ₹75.00 per share.

 Frog Cellsat IPORite Zone Chemcon IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹97.00 per share
Issue Price (Upper)₹102.00 per share
Issue Price (Final)₹102.00 per share₹75.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1200 shares1600 shares
Fresh Issue Size38,71,200 shares11,34,400 shares
Fresh Issue Size (Amount)up to ₹39.49 Crup to ₹8.51 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total38,71,200 shares11,34,400 shares
Issue Size Total (Amount)up to ₹39.49 Crup to ₹8.51 Cr

IPO Timetable

Frog Cellsat IPO opens on Sep 29, 2022, while Rite Zone Chemcon IPO opens on Oct 31, 2022. The closing date of Frog Cellsat IPO and Rite Zone Chemcon IPO is Oct 04, 2022, and Nov 02, 2022, respectively.

 Frog Cellsat IPORite Zone Chemcon IPO
Anchor Bid DateSep 28, 2022
Issue OpenSep 29, 2022Oct 31, 2022
Issue CloseOct 04, 2022Nov 02, 2022
Basis Of Allotment (Tentative)Oct 10, 2022Nov 07, 2022
Initiation of Refunds (Tentative)Oct 11, 2022Nov 09, 2022
Credit of Share (Tentative)Oct 12, 2022Nov 10, 2022
Listing date (Tentative)Oct 13, 2022Nov 11, 2022
Anchor Lockin End date 1Nov 09, 2022
Anchor Lockin End date 2Jan 08, 2023

Financials & KPIs

Frog Cellsat IPO P/E ratio is 10.93, as compared to Rite Zone Chemcon IPO P/E ratio of 90.36.

 Frog Cellsat IPORite Zone Chemcon IPO
Financials
Frog Cellsat Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-208728.538850.61139.124531.794526.79
31-Mar-219285.2712939.841425.765957.555952.55
31-Mar-229724.6313529.241433.766896.186891.18
Amount in ₹ Lakhs
Rite Zone Chemcon India Ltd Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20666.83574.7715.8962.5361.53258.12
31-Mar-21677.87384.210.6963.2662.26329.3
31-Mar-221039.27565.7326.21502.36198.86106.24
30-Sep-221240.921036.3417.48519.85216.3497.36
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)99.9958.39
Promoter Shareholding (Post-Issue)73.49
P/E Ratio10.9390.36
Market Cap₹156.83 Cr.₹31.73 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Frog Cellsat IPO Retail Individual Investors (RII) are offered 13,56,000 shares while in Rite Zone Chemcon IPO retail investors are offered 13,56,000 shares. Qualified Institutional Buyers (QIB) are offered 7,75,200 shares in Frog Cellsat IPO and in Rite Zone Chemcon IPO.

 Frog Cellsat IPORite Zone Chemcon IPO
Anchor Investor Reserveration11,59,200 shares
Market Maker Reserveration2,04,000 shares60,800 shares
QIB7,75,200 shares
NII5,80,800 shares5,66,400 shares
RII13,56,000 shares5,68,000 shares
Employee
Others
Total38,71,200 shares11,34,400 shares

Bids Received (Subscription)

Frog Cellsat IPO subscribed 21.06x in total, whereas Rite Zone Chemcon IPO subscribed 4.73x.

 Frog Cellsat IPORite Zone Chemcon IPO
QIB (times)5.36x
NII (times)70.94x2.36x
Big NII (times)
Small NII (times)
RII (times)22.10x7.10x
Employee (times)
Other (times)
Total (times)21.06x4.73x