Comparison between Indong Tea IPO and Patron Exim IPO.
Indong Tea IPO is a SME Fixed Price IPO proposed to list at BSE SME while Patron Exim IPO is a SME Fixed Price proposed to list at BSE SME.
| Indong Tea IPO | Patron Exim IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Fixed Price |
| Listing At | BSE SME | BSE SME |
| Lead Managers | Finshore Management Services Ltd. | Interactive Financial Services Ltd. |
| Registrar | Cameo Corporate Services Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Nikunj Stock Brokers Ltd. | Sunflower 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 Indong Tea IPO is up to ₹12.36 Cr whereas the issue size of the Patron Exim IPO is up to ₹15.83 Cr. The final issue price of Indong Tea IPO is ₹26.00 per share and of Patron Exim IPO is ₹27.00 per share.
| Indong Tea IPO | Patron Exim IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ||
| Issue Price (Upper) | ||
| Issue Price (Final) | ₹26.00 per share | ₹27.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 4000 shares | 4000 shares |
| Fresh Issue Size | 47,52,000 shares | 58,64,000 shares |
| Fresh Issue Size (Amount) | up to ₹12.36 Cr | up to ₹15.83 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 | 47,52,000 shares | 58,64,000 shares |
| Issue Size Total (Amount) | up to ₹12.36 Cr | up to ₹15.83 Cr |
Indong Tea IPO opens on Feb 09, 2023, while Patron Exim IPO opens on Feb 21, 2023. The closing date of Indong Tea IPO and Patron Exim IPO is Feb 13, 2023, and Feb 24, 2023, respectively.
| Indong Tea IPO | Patron Exim IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Feb 09, 2023 | Feb 21, 2023 |
| Issue Close | Feb 13, 2023 | Feb 24, 2023 |
| Basis Of Allotment (Tentative) | Feb 16, 2023 | Mar 01, 2023 |
| Initiation of Refunds (Tentative) | Feb 17, 2023 | Mar 02, 2023 |
| Credit of Share (Tentative) | Feb 20, 2023 | Mar 03, 2023 |
| Listing date (Tentative) | Feb 21, 2023 | Mar 06, 2023 |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
Indong Tea IPO P/E ratio is 9.52, as compared to Patron Exim IPO P/E ratio of 28.72.
| Indong Tea IPO | Patron Exim IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 96.09 | 97.06 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 64.03 | 71.18 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 9.52 | 28.72 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹39.00 Cr. | ₹62.59 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹2.12 | ₹1.62 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 15.24 | 16.15 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Indong Tea IPO Retail Individual Investors (RII) are offered 23,76,000 shares while in Patron Exim IPO retail investors are offered 23,76,000 shares. Qualified Institutional Buyers (QIB) are offered in Indong Tea IPO and in Patron Exim IPO.
| Indong Tea IPO | Patron Exim IPO | |
|---|---|---|
| Anchor Investor Reservation | ||
| Market Maker Reservation | 5,04,000 shares | 3,16,000 shares |
| QIB | ||
| NII | 23,76,000 shares | 29,32,000 shares |
| RII | 23,76,000 shares | 29,32,000 shares |
| Employee | ||
| Others | ||
| Total | 47,52,000 shares | 58,64,000 shares |
Indong Tea IPO subscribed 4.97x in total, whereas Patron Exim IPO subscribed 1.07x.
| Indong Tea IPO | Patron Exim IPO | |
|---|---|---|
| QIB (times) | ||
| NII (times) | 2.17x | 0.97x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 7.76x | 1.17x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 4.97x | 1.07x |
