Comparison between Citichem India IPO and Newmalayalam Steel IPO.
Citichem India IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Newmalayalam Steel IPO is a SME Bookbuilding proposed to list at NSE SME.
| Citichem India IPO | Newmalayalam Steel IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Bookbuilding |
| Listing At | BSE SME | NSE SME |
| Lead Managers | Horizon Management Pvt.Ltd. | Khandwala Securities Ltd. |
| Registrar | Kfin Technologies Ltd. | Kfin Technologies Ltd. |
| Market Maker | Aftertrade Broking Pvt.Ltd. | Aftertrade Broking Pvt.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 Citichem India IPO is up to ₹11.96 Cr whereas the issue size of the Newmalayalam Steel IPO is up to ₹39.66 Cr. The final issue price of Citichem India IPO is ₹70.00 per share and of Newmalayalam Steel IPO is ₹90.00 per share.
| Citichem India IPO | Newmalayalam Steel IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹85.00 per share | |
| Issue Price (Upper) | ₹90.00 per share | |
| Issue Price (Final) | ₹70.00 per share | ₹90.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 2000 shares | 1600 shares |
| Fresh Issue Size | 17,08,000 shares | 44,06,400 shares |
| Fresh Issue Size (Amount) | up to ₹11.96 Cr | up to ₹39.66 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 | 17,08,000 shares | 44,06,400 shares |
| Issue Size Total (Amount) | up to ₹11.96 Cr | up to ₹39.66 Cr |
Citichem India IPO opens on Dec 27, 2024, while Newmalayalam Steel IPO opens on Dec 19, 2024. The closing date of Citichem India IPO and Newmalayalam Steel IPO is Dec 31, 2024, and Dec 23, 2024, respectively.
| Citichem India IPO | Newmalayalam Steel IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Dec 27, 2024 | Dec 19, 2024 |
| Issue Close | Dec 31, 2024 | Dec 23, 2024 |
| Basis Of Allotment (Tentative) | Jan 01, 2025 | Dec 24, 2024 |
| Initiation of Refunds (Tentative) | Jan 02, 2025 | Dec 26, 2024 |
| Credit of Share (Tentative) | Jan 02, 2025 | Dec 26, 2024 |
| Listing date (Tentative) | Jan 03, 2025 | Dec 27, 2024 |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
Citichem India IPO P/E ratio is 31.3, as compared to Newmalayalam Steel IPO P/E ratio of 26.67.
| Citichem India IPO | Newmalayalam Steel IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 83.25 | 99.8 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 61.21 | 73.02 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 31.3 | 26.67 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹47.60 Cr. | ₹155.59 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 15.42 | 10.55 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 21.47 | 17.60 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.15 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹2.24 | ₹3.38 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 15.42 | 10.55 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Citichem India IPO Retail Individual Investors (RII) are offered 8,54,000 shares while in Newmalayalam Steel IPO retail investors are offered 8,54,000 shares. Qualified Institutional Buyers (QIB) are offered in Citichem India IPO and 4,41,600 shares in Newmalayalam Steel IPO.
| Citichem India IPO | Newmalayalam Steel IPO | |
|---|---|---|
| Anchor Investor Reservation | ||
| Market Maker Reservation | 92,000 shares | 2,33,600 shares |
| QIB | 4,41,600 shares | |
| NII | 8,54,000 shares | 19,80,800 shares |
| RII | 8,54,000 shares | 19,84,000 shares |
| Employee | ||
| Others | ||
| Total | 17,08,000 shares | 44,06,400 shares |
Citichem India IPO subscribed 410.53x in total, whereas Newmalayalam Steel IPO subscribed 50.69x.
| Citichem India IPO | Newmalayalam Steel IPO | |
|---|---|---|
| QIB (times) | 1.26x | |
| NII (times) | 277.88x | 24.63x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 543.18x | 87.70x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 410.53x | 50.69x |
