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Indong Tea IPO vs Transvoy Logistics IPO

Comparison between Indong Tea IPO and Transvoy Logistics IPO.

IPO Details

Indong Tea IPO is a SME Fixed Price IPO proposed to list at BSE SME while Transvoy Logistics IPO is a SME Fixed Price proposed to list at BSE SME.

 Indong Tea IPOTransvoy Logistics IPO
LogoIndong Tea IPO LogoTransvoy Logistics IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMEBSE SME
Lead ManagersFinshore Management Services Ltd.Beeline Capital Advisors Pvt.Ltd.
RegistrarCameo Corporate Services Ltd.MUFG Intime India Pvt.Ltd.
Market MakerNikunj Stock Brokers Ltd.Sunflower Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Indong Tea IPO is up to ₹12.36 Cr whereas the issue size of the Transvoy Logistics IPO is up to ₹4.84 Cr. The final issue price of Indong Tea IPO is ₹26.00 per share and of Transvoy Logistics IPO is ₹71.00 per share.

 Indong Tea IPOTransvoy Logistics IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹26.00 per share₹71.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size4000 shares1600 shares
Fresh Issue Size47,52,000 shares6,81,600 shares
Fresh Issue Size (Amount)up to ₹12.36 Crup to ₹4.84 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total47,52,000 shares6,81,600 shares
Issue Size Total (Amount)up to ₹12.36 Crup to ₹4.84 Cr

IPO Timetable

Indong Tea IPO opens on Feb 09, 2023, while Transvoy Logistics IPO opens on Jan 20, 2023. The closing date of Indong Tea IPO and Transvoy Logistics IPO is Feb 13, 2023, and Jan 24, 2023, respectively.

 Indong Tea IPOTransvoy Logistics IPO
Anchor Bid Date
Issue OpenFeb 09, 2023Jan 20, 2023
Issue CloseFeb 13, 2023Jan 24, 2023
Basis Of Allotment (Tentative)Feb 16, 2023Jan 30, 2023
Initiation of Refunds (Tentative)Feb 17, 2023Jan 31, 2023
Credit of Share (Tentative)Feb 20, 2023Feb 01, 2023
Listing date (Tentative)Feb 21, 2023Feb 02, 2023
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Indong Tea IPO P/E ratio is 9.52, as compared to Transvoy Logistics IPO P/E ratio of 34.63.

 Indong Tea IPOTransvoy Logistics IPO
Financials
Indong Tea Company Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-204,136.261,672.64-121.29-421.851,174.942,097.43
31-Mar-214,059.792,313.00127.56-294.301,302.491,841.74
31-Mar-224,324.961,992.97131.62863.681,971.48960.09
30-Sep-224,689.741,324.22204.611,068.292,176.091,047.42
Amount in ₹ Lakhs
Transvoy Logistics India Limited Financial Information (Standalone)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-2011.4842.91.330.06-0.940
31-Mar-2112.4762.211.181.250.250
31-Mar-22109.89503.0256.6952.9156.910.97
25-Nov-22748.23104834.48229.4935.19141.3
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)96.0997.94
Promoter Shareholding (Post-Issue)64.0371.46
P/E Ratio9.5234.63
Market Cap₹39.00 Cr.₹18.91 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Indong Tea IPO Retail Individual Investors (RII) are offered 23,76,000 shares while in Transvoy Logistics IPO retail investors are offered 23,76,000 shares. Qualified Institutional Buyers (QIB) are offered in Indong Tea IPO and in Transvoy Logistics IPO.

 Indong Tea IPOTransvoy Logistics IPO
Anchor Investor Reserveration
Market Maker Reserveration5,04,000 shares38,400 shares
QIB
NII23,76,000 shares3,40,800 shares
RII23,76,000 shares3,40,800 shares
Employee
Others
Total47,52,000 shares6,81,600 shares

Bids Received (Subscription)

Indong Tea IPO subscribed 4.97x in total, whereas Transvoy Logistics IPO subscribed 184.34x.

 Indong Tea IPOTransvoy Logistics IPO
QIB (times)
NII (times)2.17x200.00x
Big NII (times)
Small NII (times)
RII (times)7.76x168.67x
Employee (times)
Other (times)
Total (times)4.97x184.34x