Krishca Strapping Solutions IPO vs Pattech Fitwell Tube IPO

Comparison between Krishca Strapping Solutions IPO and Pattech Fitwell Tube IPO.

IPO Details

Krishca Strapping Solutions IPO is a SME Fixed Price IPO proposed to list at NSE SME while Pattech Fitwell Tube IPO is a SME Fixed Price proposed to list at NSE SME.

Issue Size and Price

The total issue size of Krishca Strapping Solutions IPO is up to ₹16.31 Cr whereas the issue size of the Pattech Fitwell Tube IPO is up to ₹11.37 Cr. The final issue price of Krishca Strapping Solutions IPO is ₹54.00 per share and of Pattech Fitwell Tube IPO is ₹50.00 per share.

 Krishca Strapping Solutions IPOPattech Fitwell Tube IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹51.00 per share
Issue Price (Upper)₹54.00 per share
Issue Price (Final)₹54.00 per share₹50.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares3000 shares
Fresh Issue Size30,20,000 shares22,74,000 shares
Fresh Issue Size (Amount)up to ₹16.31 Crup to ₹11.37 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total30,20,000 shares22,74,000 shares
Issue Size Total (Amount)up to ₹16.31 Crup to ₹11.37 Cr

IPO Timetable

Krishca Strapping Solutions IPO opens on May 16, 2023, while Pattech Fitwell Tube IPO opens on Apr 05, 2023. The closing date of Krishca Strapping Solutions IPO and Pattech Fitwell Tube IPO is May 19, 2023, and Apr 12, 2023, respectively.

 Krishca Strapping Solutions IPOPattech Fitwell Tube IPO
Anchor Bid DateMay 15, 2023
Issue OpenMay 16, 2023Apr 05, 2023
Issue CloseMay 19, 2023Apr 12, 2023
Basis Of Allotment (Tentative)May 24, 2023Apr 18, 2023
Initiation of Refunds (Tentative)May 25, 2023Apr 19, 2023
Credit of Share (Tentative)May 26, 2023Apr 20, 2023
Listing date (Tentative)May 26, 2023Apr 21, 2023
Anchor Lockin End date 1Jun 23, 2023
Anchor Lockin End date 2Aug 22, 2023

Financials & KPIs

Krishca Strapping Solutions IPO P/E ratio is 3.43, as compared to Pattech Fitwell Tube IPO P/E ratio of 46.73.

 Krishca Strapping Solutions IPOPattech Fitwell Tube IPO
Financials

Company Financials (Restated Standalone)

Period Ended15 Feb 202331 Mar 202231 Mar 202131 Mar 2020
Assets26.9715.4412.929.16
Total Income63.5118.729.710.98
Profit After Tax7.861.51-0.67-2.24
NET Worth9.451.60-1.200.64
Reserves and Surplus4.45-3.40-4.22-2.37
Total Borrowing11.939.3913.378.27
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Nov 202221 Aug 202231 Mar 202231 Mar 202131 Mar 2020
Assets26.6125.7225.3013.8711.56
Total Income11.389.6922.6318.4520.39
Profit After Tax0.200.351.44-0.010.08
NET Worth5.295.705.633.211.90
Reserves and Surplus0.200.000.000.000.00
Total Borrowing17.4614.5616.649.768.68
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)86.34100
Promoter Shareholding (Post-Issue)62.669.06
P/E Ratio3.4346.73
Market Cap₹65.18 Cr.₹38.79 Cr.
ROE25.66
ROCE11
Debt/Equity
EPS₹15.71
RoNW0.83

Shares Offered

In the Krishca Strapping Solutions IPO Retail Individual Investors (RII) are offered 10,58,000 shares while in Pattech Fitwell Tube IPO retail investors are offered 10,58,000 shares. Qualified Institutional Buyers (QIB) are offered 6,04,000 shares in Krishca Strapping Solutions IPO and in Pattech Fitwell Tube IPO.

 Krishca Strapping Solutions IPOPattech Fitwell Tube IPO
Anchor Investor Reservation9,04,000 shares
Market Maker Reservation3,00,000 shares1,26,000 shares
QIB6,04,000 shares
NII4,54,000 shares11,37,000 shares
RII10,58,000 shares11,37,000 shares
Employee
Others
Total30,20,000 shares22,74,000 shares

Bids Received (Subscription)

Krishca Strapping Solutions IPO subscribed 336.57x in total, whereas Pattech Fitwell Tube IPO subscribed 1.97x.

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Krishca Strapping Solutions IPO Vs Pattech Fitwell Tube IPO