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.

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 IPOVital 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 Size1200 shares1200 shares
Fresh Issue Size38,71,200 shares60,79,200 shares
Fresh Issue Size (Amount)up to ₹39.49 Crup to ₹61.40 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total38,71,200 shares60,79,200 shares
Issue Size Total (Amount)up to ₹39.49 Crup 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 IPOVital Chemtech IPO
Anchor Bid DateSep 28, 2022Oct 30, 2022
Issue OpenSep 29, 2022Oct 31, 2022
Issue CloseOct 04, 2022Nov 03, 2022
Basis Of Allotment (Tentative)Oct 10, 2022Nov 09, 2022
Initiation of Refunds (Tentative)Oct 11, 2022Nov 10, 2022
Credit of Share (Tentative)Oct 12, 2022Nov 11, 2022
Listing date (Tentative)Oct 13, 2022Nov 14, 2022
Anchor Lockin End date 1Nov 09, 2022Dec 09, 2022
Anchor Lockin End date 2Jan 08, 2023Feb 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 IPOVital Chemtech IPO
Financials

Company Financials (Restated)

Period Ended31 Mar 202231 Mar 202131 Mar 2020
Assets97.2592.8587.29
Total Income135.29129.4088.51
Profit After Tax14.3414.261.39
NET Worth68.9659.5845.32
Reserves and Surplus68.9159.5345.27
Total Borrowing0.000.000.00
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Apr 202231 Mar 202224 Nov 202131 Mar 202131 Mar 2020
Assets89.9280.9464.0930.4123.19
Total Income10.8057.8786.0447.6841.61
Profit After Tax1.356.717.852.941.05
NET Worth14.7313.376.725.983.04
Reserves and Surplus8.066.710.000.000.00
Total Borrowing34.1935.0016.3610.069.54
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99.9999.99
Promoter Shareholding (Post-Issue)73.49
P/E Ratio10.9314.94
Market Cap₹156.83 Cr.₹241.91 Cr.
ROE66.59
ROCE37.81
Debt/Equity0.092.61
EPS₹2867.53₹8.66
RoNW20.7950.17

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 IPOVital Chemtech IPO
Anchor Investor Reservation11,59,200 shares18,18,000 shares
Market Maker Reservation2,04,000 shares3,20,400 shares
QIB7,75,200 shares12,19,200 shares
NII5,80,800 shares9,12,000 shares
RII13,56,000 shares21,30,000 shares
Employee
Others
Total38,71,200 shares60,79,200 shares

Bids Received (Subscription)

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

 Frog Cellsat IPOVital Chemtech IPO
QIB (times)5.36x15.48x
NII (times)70.94x204.05x
Big NII (times)
Small NII (times)
RII (times)22.10x116.98x
Employee (times)
Other (times)
Total (times)21.06x79.33x

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