Pace E-Commerce Ventures IPO vs Reetech International Cargo IPO

Comparison between Pace E-Commerce Ventures IPO and Reetech International Cargo IPO.

IPO Details

Pace E-Commerce Ventures IPO is a SME Fixed Price IPO proposed to list at BSE SME while Reetech International Cargo IPO is a SME Fixed Price proposed to list at BSE SME.

Issue Size and Price

The total issue size of Pace E-Commerce Ventures IPO is up to ₹63.11 Cr whereas the issue size of the Reetech International Cargo IPO is up to ₹11.11 Cr. The final issue price of Pace E-Commerce Ventures IPO is ₹103.00 per share and of Reetech International Cargo IPO is ₹105.00 per share.

 Pace E-Commerce Ventures IPOReetech International Cargo IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹103.00 per share₹105.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size1200 shares1200 shares
Fresh Issue Size36,67,600 shares5,41,200 shares
Fresh Issue Size (Amount)up to ₹37.78 Crup to ₹5.68 Cr
OFS Issue Size24,59,600 shares5,17,200 shares
OFS Issue Size (Amount)up to ₹25.33 Crup to ₹5.43 Cr
Issue Size Total61,27,200 shares10,58,400 shares
Issue Size Total (Amount)up to ₹63.11 Crup to ₹11.11 Cr

IPO Timetable

Pace E-Commerce Ventures IPO opens on Sep 29, 2022, while Reetech International Cargo IPO opens on Sep 27, 2022. The closing date of Pace E-Commerce Ventures IPO and Reetech International Cargo IPO is Oct 13, 2022, and Sep 29, 2022, respectively.

 Pace E-Commerce Ventures IPOReetech International Cargo IPO
Issue OpenSep 29, 2022Sep 27, 2022
Issue CloseOct 13, 2022Sep 29, 2022
Basis Of Allotment (Tentative)Oct 18, 2022Oct 04, 2022
Initiation of Refunds (Tentative)Oct 19, 2022Oct 06, 2022
Credit of Share (Tentative)Oct 20, 2022Oct 07, 2022
Listing date (Tentative)Oct 20, 2022Oct 10, 2022

Financials & KPIs

Pace E-Commerce Ventures IPO P/E ratio is 429.16, as compared to Reetech International Cargo IPO P/E ratio of 10.64.

 Pace E-Commerce Ventures IPOReetech International Cargo IPO
Financials

Company Financials (Restated)

Period Ended31 Mar 202231 Mar 202131 Mar 2020
Assets32.4227.861.58
Total Income10.541.721.50
Profit After Tax0.540.070.00
NET Worth26.4925.950.07
Reserves and Surplus8.180.060.06
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Mar 202231 Mar 202131 Mar 2020
Assets17.288.783.96
Total Income116.8918.420.19
Profit After Tax4.170.300.14
NET Worth8.013.663.25
Reserves and Surplus7.493.142.73
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)91.12%99.99%
Promoter Shareholding (Post-Issue)65%73.62%
P/E Ratio429.1610.64
Market Cap₹232.10 Cr.₹44.39 Cr.
ROE2.9571.54
ROCE2.0472.81
Debt/Equity0.14
EPS₹0.30₹11.50
RoNW2.0452.09

Shares Offered

In the Pace E-Commerce Ventures IPO Retail Individual Investors (RII) are offered 30,63,600 shares while in Reetech International Cargo IPO retail investors are offered 30,63,600 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Pace E-Commerce Ventures IPO and 0 shares in Reetech International Cargo IPO.

 Pace E-Commerce Ventures IPOReetech International Cargo IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation3,32,400 shares56,400 shares
QIB0 shares0 shares
NII30,63,600 shares5,29,200 shares
RII30,63,600 shares5,29,200 shares
Employee0 shares0 shares
Total61,27,200 shares10,58,400 shares

Bids Received (Subscription)

Pace E-Commerce Ventures IPO subscribed 1.14x in total, whereas Reetech International Cargo IPO subscribed 1.67x.

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