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Greenhitech Ventures IPO vs Ramdevbaba Solvent IPO

Comparison between Greenhitech Ventures IPO and Ramdevbaba Solvent IPO.

IPO Details

Greenhitech Ventures IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Ramdevbaba Solvent IPO is a SME Bookbuilding proposed to list at NSE SME.

 Greenhitech Ventures IPORamdevbaba Solvent IPO
LogoGreenhitech Ventures IPO LogoRamdevbaba Solvent IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersBeeline Capital Advisors Pvt.Ltd.Choice Capital Advisors Pvt.Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerSpread X Securities Pvt.Ltd.Choice Equity Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Greenhitech Ventures IPO is up to ₹5.97 Cr whereas the issue size of the Ramdevbaba Solvent IPO is up to ₹47.60 Cr. The final issue price of Greenhitech Ventures IPO is ₹50.00 per share and of Ramdevbaba Solvent IPO is ₹85.00 per share.

 Greenhitech Ventures IPORamdevbaba Solvent IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹80.00 per share
Issue Price (Upper)₹85.00 per share
Issue Price (Final)₹50.00 per share₹85.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size3000 shares1600 shares
Fresh Issue Size11,94,000 shares56,00,000 shares
Fresh Issue Size (Amount)up to ₹5.97 Crup to ₹47.60 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total11,94,000 shares56,00,000 shares
Issue Size Total (Amount)up to ₹5.97 Crup to ₹47.60 Cr

IPO Timetable

Greenhitech Ventures IPO opens on Apr 12, 2024, while Ramdevbaba Solvent IPO opens on Apr 15, 2024. The closing date of Greenhitech Ventures IPO and Ramdevbaba Solvent IPO is Apr 16, 2024, and Apr 18, 2024, respectively.

 Greenhitech Ventures IPORamdevbaba Solvent IPO
Anchor Bid DateApr 12, 2024
Issue OpenApr 12, 2024Apr 15, 2024
Issue CloseApr 16, 2024Apr 18, 2024
Basis Of Allotment (Tentative)Apr 18, 2024Apr 19, 2024
Initiation of Refunds (Tentative)Apr 19, 2024Apr 22, 2024
Credit of Share (Tentative)Apr 19, 2024Apr 22, 2024
Listing date (Tentative)Apr 22, 2024Apr 23, 2024
Anchor Lockin End date 1May 19, 2024
Anchor Lockin End date 2Jul 18, 2024

Financials & KPIs

Greenhitech Ventures IPO P/E ratio is 30.05, as compared to Ramdevbaba Solvent IPO P/E ratio of 10.6.

 Greenhitech Ventures IPORamdevbaba Solvent IPO
Financials

Company Financials (Restated)

Period Ended31 Jan 202431 Mar 202331 Mar 202231 Mar 2021
Assets26.7827.0831.8923.79
Total Income3.3625.0466.1240.08
Profit After Tax0.360.571.350.24
NET Worth4.573.153.221.41
Reserves and Surplus1.13
Total Borrowing4.323.471.501.15
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets203.41190.63131.35101.25
Total Income465.70704.33585.25427.17
Profit After Tax8.2913.006.596.17
NET Worth68.5747.8334.8328.24
Reserves and Surplus52.3643.2530.2423.65
Total Borrowing99.9999.2364.8644.74
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100%83.37%
Promoter Shareholding (Post-Issue)73.19%61.09%
P/E Ratio30.0510.6
Market Cap₹23.50 Cr.₹188.07 Cr.
ROE8.17
ROCE17.1910.76
Debt/Equity0.951.46
EPS₹1.66₹8.02
RoNW7.8014.24

Shares Offered

In the Greenhitech Ventures IPO Retail Individual Investors (RII) are offered 5,97,000 shares while in Ramdevbaba Solvent IPO retail investors are offered 5,97,000 shares. Qualified Institutional Buyers (QIB) are offered in Greenhitech Ventures IPO and 11,20,000 shares in Ramdevbaba Solvent IPO.

 Greenhitech Ventures IPORamdevbaba Solvent IPO
Anchor Investor Reservation16,80,000 shares
Market Maker Reservation66,000 shares3,13,600 shares
QIB11,20,000 shares
NII5,97,000 shares8,40,000 shares
RII5,97,000 shares19,60,000 shares
Total11,94,000 shares56,00,000 shares

Bids Received (Subscription)

Greenhitech Ventures IPO subscribed 759.50x in total, whereas Ramdevbaba Solvent IPO subscribed 88.35x.

 Greenhitech Ventures IPORamdevbaba Solvent IPO
QIB (times)65.95x
NII (times)921.60x314.46x
RII (times)597.41x79.96x
Total (times)759.50x88.35x

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Compare:

Greenhitech Ventures IPO Vs Ramdevbaba Solvent IPO