Comparison between Indong Tea IPO and ITCONS E-Solutions IPO.
Indong Tea IPO is a SME Fixed Price IPO proposed to list at BSE SME while ITCONS E-Solutions IPO is a SME Fixed Price proposed to list at BSE SME.
| Indong Tea IPO | ITCONS E-Solutions IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Fixed Price |
| Listing At | BSE SME | BSE SME |
| Lead Managers | Finshore Management Services Ltd. | Finshore Management Services Ltd. |
| Registrar | Cameo Corporate Services Ltd. | Cameo Corporate Services Ltd. |
| Market Maker | Nikunj Stock Brokers Ltd. | Nikunj Stock Brokers Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | ||
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Indong Tea IPO is up to ₹12.36 Cr whereas the issue size of the ITCONS E-Solutions IPO is up to ₹8.23 Cr. The final issue price of Indong Tea IPO is ₹26.00 per share and of ITCONS E-Solutions IPO is ₹51.00 per share.
| Indong Tea IPO | ITCONS E-Solutions IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ||
| Issue Price (Upper) | ||
| Issue Price (Final) | ₹26.00 per share | ₹51.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 4000 shares | 2000 shares |
| Fresh Issue Size | 47,52,000 shares | 16,14,000 shares |
| Fresh Issue Size (Amount) | up to ₹12.36 Cr | up to ₹8.23 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 | 47,52,000 shares | 16,14,000 shares |
| Issue Size Total (Amount) | up to ₹12.36 Cr | up to ₹8.23 Cr |
Indong Tea IPO opens on Feb 09, 2023, while ITCONS E-Solutions IPO opens on Feb 28, 2023. The closing date of Indong Tea IPO and ITCONS E-Solutions IPO is Feb 13, 2023, and Mar 02, 2023, respectively.
| Indong Tea IPO | ITCONS E-Solutions IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Feb 09, 2023 | Feb 28, 2023 |
| Issue Close | Feb 13, 2023 | Mar 02, 2023 |
| Basis Of Allotment (Tentative) | Feb 16, 2023 | Mar 08, 2023 |
| Initiation of Refunds (Tentative) | Feb 17, 2023 | Mar 09, 2023 |
| Credit of Share (Tentative) | Feb 20, 2023 | Mar 10, 2023 |
| Listing date (Tentative) | Feb 21, 2023 | Mar 13, 2023 |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
Indong Tea IPO P/E ratio is 9.52, as compared to ITCONS E-Solutions IPO P/E ratio of 12.09.
| Indong Tea IPO | ITCONS E-Solutions IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated Standalone)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 96.09 | 89.67 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 64.03 | 59.36 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 9.52 | 12.09 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹39.00 Cr. | ₹25.65 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 53 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 58 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.48 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹2.12 | ₹4.16 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 15.24 | 53.31 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Indong Tea IPO Retail Individual Investors (RII) are offered 23,76,000 shares while in ITCONS E-Solutions IPO retail investors are offered 23,76,000 shares. Qualified Institutional Buyers (QIB) are offered in Indong Tea IPO and in ITCONS E-Solutions IPO.
| Indong Tea IPO | ITCONS E-Solutions IPO | |
|---|---|---|
| Anchor Investor Reservation | ||
| Market Maker Reservation | 5,04,000 shares | 86,000 shares |
| QIB | ||
| NII | 23,76,000 shares | 8,06,000 shares |
| RII | 23,76,000 shares | 8,08,000 shares |
| Employee | ||
| Others | ||
| Total | 47,52,000 shares | 16,14,000 shares |
Indong Tea IPO subscribed 4.97x in total, whereas ITCONS E-Solutions IPO subscribed 16.79x.
| Indong Tea IPO | ITCONS E-Solutions IPO | |
|---|---|---|
| QIB (times) | ||
| NII (times) | 2.17x | 16.12x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 7.76x | 17.45x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 4.97x | 16.79x |
