Frog Cellsat IPO vs Vital Chemtech IPO

Comparison between Frog Cellsat IPO and Vital Chemtech IPO.

IPO Details

Frog Cellsat IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Vital Chemtech IPO is a SME Bookbuilding proposed to list at NSE SME.

	Frog Cellsat IPO	Vital Chemtech IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	NSE SME	NSE SME
Lead Managers	Sarthi Capital Advisors Pvt.Ltd.	Beeline Capital Advisors Pvt.Ltd.
Registrar	Skyline Financial Services Pvt.Ltd.	Skyline Financial Services Pvt.Ltd.
Market Maker	SS Corporate Securities Ltd.	Sunflower Broking Pvt.Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO 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 Vital Chemtech IPO is up to ₹61.40 Cr. The final issue price of Frog Cellsat IPO is ₹102.00 per share and of Vital Chemtech IPO is ₹101.00 per share.

	Frog Cellsat IPO	Vital Chemtech IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹97.00 per share	₹95.00 per share
Issue Price (Upper)	₹102.00 per share	₹101.00 per share
Issue Price (Final)	₹102.00 per share	₹101.00 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	60,79,200 shares
Fresh Issue Size (Amount)	up to ₹39.49 Cr	up to ₹61.40 Cr
OFS Issue Size	0 shares	0 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹0.00 Cr
Issue Size Total	38,71,200 shares	60,79,200 shares
Issue Size Total (Amount)	up to ₹39.49 Cr	up to ₹61.40 Cr

IPO Timetable

Frog Cellsat IPO opens on Sep 29, 2022, while Vital Chemtech IPO opens on Oct 31, 2022. The closing date of Frog Cellsat IPO and Vital Chemtech IPO is Oct 04, 2022, and Nov 03, 2022, respectively.

	Frog Cellsat IPO	Vital Chemtech IPO
Anchor Bid Date	Sep 28, 2022	Oct 30, 2022
Issue Open	Sep 29, 2022	Oct 31, 2022
Issue Close	Oct 04, 2022	Nov 03, 2022
Basis Of Allotment (Tentative)	Oct 10, 2022	Nov 09, 2022
Initiation of Refunds (Tentative)	Oct 11, 2022	Nov 10, 2022
Credit of Share (Tentative)	Oct 12, 2022	Nov 11, 2022
Listing date (Tentative)	Oct 13, 2022	Nov 14, 2022
Anchor Lockin End date 1	Nov 09, 2022	Dec 09, 2022
Anchor Lockin End date 2	Jan 08, 2023	Feb 07, 2023

Financials & KPIs

Frog Cellsat IPO P/E ratio is 10.93, as compared to Vital Chemtech IPO P/E ratio of 14.94.

Frog Cellsat IPO

Vital Chemtech IPO

Financials

Frog Cellsat Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	8728.53	8850.61	139.12	4531.79	4526.79
31-Mar-21	9285.27	12939.84	1425.76	5957.55	5952.55
31-Mar-22	9724.63	13529.24	1433.76	6896.18	6891.18
Amount in ₹ Lakhs

Vital Chemtech Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	2318.61	4161.24	105.38	303.75	0	953.91
31-Mar-21	3041.34	4768.46	293.78	597.52	0	1005.86
24-Nov-21	6408.9	8604.27	784.5	672.06	0	1636.22
31-Mar-22	8093.71	5786.96	670.94	1337.32	670.94	3500.09
30-Apr-22	8991.92	1080.07	135.18	1472.5	806.12	3418.84
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.99

Promoter Shareholding (Post-Issue)

73.49

P/E Ratio

10.93

14.94

Market Cap

₹156.83 Cr.

₹241.91 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 Vital Chemtech IPO retail investors are offered 13,56,000 shares. Qualified Institutional Buyers (QIB) are offered 7,75,200 shares in Frog Cellsat IPO and 12,19,200 shares in Vital Chemtech IPO.

	Frog Cellsat IPO	Vital Chemtech IPO
Anchor Investor Reserveration	11,59,200 shares	18,18,000 shares
Market Maker Reserveration	2,04,000 shares	3,20,400 shares
QIB	7,75,200 shares	12,19,200 shares
NII	5,80,800 shares	9,12,000 shares
RII	13,56,000 shares	21,30,000 shares
Employee
Others
Total	38,71,200 shares	60,79,200 shares

Bids Received (Subscription)

Frog Cellsat IPO subscribed 21.06x in total, whereas Vital Chemtech IPO subscribed 79.33x.

	Frog Cellsat IPO	Vital Chemtech IPO
QIB (times)	5.36x	15.48x
NII (times)	70.94x	204.05x
Big NII (times)
Small NII (times)
RII (times)	22.10x	116.98x
Employee (times)
Other (times)
Total (times)	21.06x	79.33x

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