De Neers Tools IPO vs Pattech Fitwell Tube IPO

Comparison between De Neers Tools IPO and Pattech Fitwell Tube IPO.

IPO Details

De Neers Tools 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.

	De Neers Tools IPO	Pattech Fitwell Tube IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Fixed Price
Listing At	NSE SME	NSE SME
Lead Managers	Share India Capital Services Pvt.Ltd.	Fedex Securities Pvt.Ltd.
Registrar	Bigshare Services Pvt.Ltd.	Bigshare Services Pvt.Ltd.
Market Maker	Share India Securities Ltd.	Pure Broking Pvt.Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of De Neers Tools IPO is up to ₹21.83 Cr whereas the issue size of the Pattech Fitwell Tube IPO is up to ₹11.37 Cr. The final issue price of De Neers Tools IPO is ₹101.00 per share and of Pattech Fitwell Tube IPO is ₹50.00 per share.

	De Neers Tools IPO	Pattech Fitwell Tube IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹95.00 per share
Issue Price (Upper)	₹101.00 per share
Issue Price (Final)	₹101.00 per share	₹50.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	1200 shares	3000 shares
Fresh Issue Size	21,61,200 shares	22,74,000 shares
Fresh Issue Size (Amount)	up to ₹21.83 Cr	up to ₹11.37 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	21,61,200 shares	22,74,000 shares
Issue Size Total (Amount)	up to ₹21.83 Cr	up to ₹11.37 Cr

IPO Timetable

De Neers Tools IPO opens on Apr 28, 2023, while Pattech Fitwell Tube IPO opens on Apr 05, 2023. The closing date of De Neers Tools IPO and Pattech Fitwell Tube IPO is May 03, 2023, and Apr 12, 2023, respectively.

	De Neers Tools IPO	Pattech Fitwell Tube IPO
Anchor Bid Date
Issue Open	Apr 28, 2023	Apr 05, 2023
Issue Close	May 03, 2023	Apr 12, 2023
Basis Of Allotment (Tentative)	May 08, 2023	Apr 18, 2023
Initiation of Refunds (Tentative)	May 09, 2023	Apr 19, 2023
Credit of Share (Tentative)	May 10, 2023	Apr 20, 2023
Listing date (Tentative)	May 11, 2023	Apr 21, 2023
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

De Neers Tools IPO P/E ratio is , as compared to Pattech Fitwell Tube IPO P/E ratio of 46.73.

De Neers Tools IPO

Pattech Fitwell Tube IPO

Financials

De Neers Tools Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	5,570.44	7,349.62	43.94	704.24	712.87	484.58
31-Mar-21	6,111.28	6,211.77	65.77	320.47	317.42	1,147.84
31-Mar-22	9,933.52	8,008.68	504.42	2,382.27	654.27	2,435.85
31-Oct-22	12,558.14	5,602.65	386.98	3,044.13	411.13	2,406.42
Amount in ₹ Lakhs

Pattech Fitwell Tube Components Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	1,155.69	2,038.99	7.74	190.05	0.00	867.72
31-Mar-21	1,386.66	1,844.93	-1.16	321.11	0.00	976.32
31-Mar-22	2,530.38	2,262.87	144.45	563.06	0.00	1,663.56
21-Aug-22	2,572.07	968.72	34.76	569.71	0.00	1,456.31
30-Nov-22	2,661.01	1,137.66	19.69	529.11	19.69	1,745.92
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

91.14

100.00

Promoter Shareholding (Post-Issue)

69.06

P/E Ratio

46.73

Market Cap

₹38.79 Cr.

ROE

25.66%

ROCE

11.00%

Debt/Equity

EPS

₹7.97

RoNW

21.17%

Shares Offered

In the De Neers Tools IPO Retail Individual Investors (RII) are offered 7,57,200 shares while in Pattech Fitwell Tube IPO retail investors are offered 7,57,200 shares. Qualified Institutional Buyers (QIB) are offered 10,78,800 shares in De Neers Tools IPO and in Pattech Fitwell Tube IPO.

	De Neers Tools IPO	Pattech Fitwell Tube IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,15,200 shares	1,26,000 shares
QIB	10,78,800 shares
NII	3,25,200 shares	11,37,000 shares
RII	7,57,200 shares	11,37,000 shares
Employee
Others
Total	21,61,200 shares	22,74,000 shares

Bids Received (Subscription)

De Neers Tools IPO subscribed 15.04x in total, whereas Pattech Fitwell Tube IPO subscribed 1.97x.

	De Neers Tools IPO	Pattech Fitwell Tube IPO
QIB (times)	3.72x
NII (times)	60.16x	2.05x
Big NII (times)
Small NII (times)
RII (times)	11.88x	1.90x
Employee (times)
Other (times)
Total (times)	15.04x	1.97x

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