Comparison between Frog Cellsat IPO and Steelman Telecom IPO.
Frog Cellsat IPO is a SME Fixed Price IPO proposed to list at NSE SME while Steelman Telecom IPO is a SME Fixed Price proposed to list at BSE SME.
| Frog Cellsat IPO | Steelman Telecom IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Fixed Price |
| Listing At | NSE SME | BSE SME |
| Lead Managers | Sarthi Capital Advisors Pvt.Ltd. | Gretex Corporate Services Ltd. |
| Registrar | Skyline Financial Services Pvt.Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | SS Corporate Securities Ltd. | Gretex Share Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Frog Cellsat IPO is up to ₹39.49 Cr whereas the issue size of the Steelman Telecom IPO is up to ₹24.72 Cr. The final issue price of Frog Cellsat IPO is ₹102.00 per share and of Steelman Telecom IPO is ₹96.00 per share.
| Frog Cellsat IPO | Steelman Telecom 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 | ₹96.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 1200 shares | 1200 shares |
| Fresh Issue Size | 38,71,200 shares | 17,61,600 shares |
| Fresh Issue Size (Amount) | up to ₹39.49 Cr | up to ₹16.91 Cr |
| OFS Issue Size | 0 shares | 8,13,600 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹7.81 Cr |
| Issue Size Total | 38,71,200 shares | 25,75,200 shares |
| Issue Size Total (Amount) | up to ₹39.49 Cr | up to ₹24.72 Cr |
Frog Cellsat IPO opens on Sep 29, 2022, while Steelman Telecom IPO opens on Sep 26, 2022. The closing date of Frog Cellsat IPO and Steelman Telecom IPO is Oct 04, 2022, and Sep 29, 2022, respectively.
| Frog Cellsat IPO | Steelman Telecom IPO | |
|---|---|---|
| Anchor Bid Date | Sep 28, 2022 | |
| Issue Open | Sep 29, 2022 | Sep 26, 2022 |
| Issue Close | Oct 04, 2022 | Sep 29, 2022 |
| Basis Of Allotment (Tentative) | Oct 10, 2022 | Oct 07, 2022 |
| Initiation of Refunds (Tentative) | Oct 11, 2022 | Oct 10, 2022 |
| Credit of Share (Tentative) | Oct 12, 2022 | Oct 10, 2022 |
| Listing date (Tentative) | Oct 13, 2022 | Oct 10, 2022 |
| Anchor Lockin End date 1 | Nov 09, 2022 | |
| Anchor Lockin End date 2 | Jan 08, 2023 |
Frog Cellsat IPO P/E ratio is 10.93, as compared to Steelman Telecom IPO P/E ratio of 23.41.
| Frog Cellsat IPO | Steelman Telecom IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 99.99 | 100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 73.49 | 71.98 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 10.93 | 23.41 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹156.83 Cr. | ₹92.89 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 29.49 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 35.78 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.09 | 0.97 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹2867.53 | ₹5.23 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 20.79 | 25.74 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Frog Cellsat IPO Retail Individual Investors (RII) are offered 13,56,000 shares while in Steelman Telecom 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 Steelman Telecom IPO.
| Frog Cellsat IPO | Steelman Telecom IPO | |
|---|---|---|
| Anchor Investor Reservation | 11,59,200 shares | |
| Market Maker Reservation | 2,04,000 shares | 1,35,600 shares |
| QIB | 7,75,200 shares | |
| NII | 5,80,800 shares | 16,72,800 shares |
| RII | 13,56,000 shares | 9,02,400 shares |
| Employee | ||
| Others | ||
| Total | 38,71,200 shares | 25,75,200 shares |
Frog Cellsat IPO subscribed 21.06x in total, whereas Steelman Telecom IPO subscribed 22.40x.
| Frog Cellsat IPO | Steelman Telecom IPO | |
|---|---|---|
| QIB (times) | 5.36x | 7.78x |
| NII (times) | 70.94x | 70.09x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 22.10x | 22.82x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 21.06x | 22.40x |
