Comparison between Indong Tea IPO and ITCONS E-Solutions IPO.
IPO Details
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.
Issue Size and Price
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.
IPO Timetable
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 |
|---|
| 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 |
Financials & KPIs
Indong Tea IPO P/E ratio is 9.52, as compared to ITCONS E-Solutions IPO P/E ratio of 12.09.
Shares Offered
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 |
|---|
| Market Maker Reservation | 5,04,000 shares | 86,000 shares |
| NII | 23,76,000 shares | 8,06,000 shares |
| RII | 23,76,000 shares | 8,08,000 shares |
| Total | 47,52,000 shares | 16,14,000 shares |
Bids Received (Subscription)
Indong Tea IPO subscribed 4.97x in total, whereas ITCONS E-Solutions IPO subscribed 16.79x.
