Comparison between Earthstahl IPO and Indong Tea IPO.
IPO Details
Earthstahl IPO is a SME Fixed Price IPO proposed to list at BSE SME while Indong Tea IPO is a SME Fixed Price proposed to list at BSE SME.
Issue Size and Price
The total issue size of Earthstahl IPO is up to ₹12.29 Cr whereas the issue size of the Indong Tea IPO is up to ₹12.36 Cr. The final issue price of Earthstahl IPO is ₹40.00 per share and of Indong Tea IPO is ₹26.00 per share.
IPO Timetable
Earthstahl IPO opens on Jan 27, 2023, while Indong Tea IPO opens on Feb 09, 2023. The closing date of Earthstahl IPO and Indong Tea IPO is Jan 31, 2023, and Feb 13, 2023, respectively.
| | Earthstahl IPO | Indong Tea IPO |
|---|
| Anchor Bid Date | | |
| Issue Open | Jan 27, 2023 | Feb 09, 2023 |
| Issue Close | Jan 31, 2023 | Feb 13, 2023 |
| Basis Of Allotment (Tentative) | Feb 03, 2023 | Feb 16, 2023 |
| Initiation of Refunds (Tentative) | Feb 06, 2023 | Feb 17, 2023 |
| Credit of Share (Tentative) | Feb 07, 2023 | Feb 20, 2023 |
| Listing date (Tentative) | Feb 08, 2023 | Feb 21, 2023 |
| Anchor Lockin End date 1 | | |
| Anchor Lockin End date 2 | | |
Financials & KPIs
Earthstahl IPO P/E ratio is 4.22, as compared to Indong Tea IPO P/E ratio of 9.52.
Shares Offered
In the Earthstahl IPO Retail Individual Investors (RII) are offered 10,77,000 shares while in Indong Tea IPO retail investors are offered 10,77,000 shares. Qualified Institutional Buyers (QIB) are offered 9,18,000 shares in Earthstahl IPO and in Indong Tea IPO.
| | Earthstahl IPO | Indong Tea IPO |
|---|
| Anchor Investor Reservation | | |
| Market Maker Reservation | 1,68,000 shares | 5,04,000 shares |
| QIB | 9,18,000 shares | |
| NII | 10,77,000 shares | 23,76,000 shares |
| RII | 10,77,000 shares | 23,76,000 shares |
| Employee | | |
| Others | | |
| Total | 30,72,000 shares | 47,52,000 shares |
Bids Received (Subscription)
Earthstahl IPO subscribed 235.18x in total, whereas Indong Tea IPO subscribed 4.97x.
