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Indong Tea IPO vs Lead Reclaim IPO

Comparison between Indong Tea IPO and Lead Reclaim IPO.

IPO Details

Indong Tea IPO is a SME Fixed Price IPO proposed to list at BSE SME while Lead Reclaim IPO is a SME Fixed Price proposed to list at NSE SME.

 Indong Tea IPOLead Reclaim IPO
LogoIndong Tea IPO LogoLead Reclaim IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMENSE SME
Lead ManagersFinshore Management Services Ltd.Fedex Securities Pvt.Ltd.
RegistrarCameo Corporate Services Ltd.Bigshare Services Pvt.Ltd.
Market MakerNikunj Stock Brokers Ltd.Svcm Securities 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 Lead Reclaim IPO is up to ₹4.62 Cr. The final issue price of Indong Tea IPO is ₹26.00 per share and of Lead Reclaim IPO is ₹25.00 per share.

 Indong Tea IPOLead Reclaim IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹26.00 per share₹25.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size4000 shares6000 shares
Fresh Issue Size47,52,000 shares18,48,000 shares
Fresh Issue Size (Amount)up to ₹12.36 Crup to ₹4.62 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total47,52,000 shares18,48,000 shares
Issue Size Total (Amount)up to ₹12.36 Crup to ₹4.62 Cr

IPO Timetable

Indong Tea IPO opens on Feb 09, 2023, while Lead Reclaim IPO opens on Feb 09, 2023. The closing date of Indong Tea IPO and Lead Reclaim IPO is Feb 13, 2023, and Feb 13, 2023, respectively.

 Indong Tea IPOLead Reclaim IPO
Anchor Bid Date
Issue OpenFeb 09, 2023Feb 09, 2023
Issue CloseFeb 13, 2023Feb 13, 2023
Basis Of Allotment (Tentative)Feb 16, 2023Feb 16, 2023
Initiation of Refunds (Tentative)Feb 17, 2023Feb 17, 2023
Credit of Share (Tentative)Feb 20, 2023Feb 20, 2023
Listing date (Tentative)Feb 21, 2023Feb 21, 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 Lead Reclaim IPO P/E ratio of 25.77.

 Indong Tea IPOLead Reclaim 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
Lead Reclaim and Rubber Products Limited Financial Information (Restated Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20532.45483.6736.3617.47-2.68377.25
31-Mar-21594.88706.2622.7440.2020.05394.67
31-Mar-22704.321,036.9347.87289.5767.92269.30
30-Sep-22994.65498.9935.55555.63241.78271.38
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)96.0986.48
Promoter Shareholding (Post-Issue)64.0363.51
P/E Ratio9.5225.77
Market Cap₹39.00 Cr.₹18.35 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 Lead Reclaim IPO retail investors are offered 23,76,000 shares. Qualified Institutional Buyers (QIB) are offered in Indong Tea IPO and in Lead Reclaim IPO.

 Indong Tea IPOLead Reclaim IPO
Anchor Investor Reserveration
Market Maker Reserveration5,04,000 shares1,02,000 shares
QIB
NII23,76,000 shares9,24,000 shares
RII23,76,000 shares9,24,000 shares
Employee
Others
Total47,52,000 shares18,48,000 shares

Bids Received (Subscription)

Indong Tea IPO subscribed 4.97x in total, whereas Lead Reclaim IPO subscribed 75.98x.

 Indong Tea IPOLead Reclaim IPO
QIB (times)
NII (times)2.17x87.56x
Big NII (times)
Small NII (times)
RII (times)7.76x64.41x
Employee (times)
Other (times)
Total (times)4.97x75.98x