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Pelatro IPO vs Phoenix Overseas IPO

Comparison between Pelatro IPO and Phoenix Overseas IPO.

IPO Details

Pelatro IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Phoenix Overseas IPO is a SME Bookbuilding proposed to list at NSE SME.

 Pelatro IPOPhoenix Overseas IPO
LogoPelatro IPO LogoPhoenix Overseas IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersCumulative Capital Pvt.Ltd.Khandwala Securities Ltd.
RegistrarBigshare Services Pvt.Ltd.Cameo Corporate Services Ltd.
Market MakerShree Bahubali Stock Broking Ltd.Nikunj Stock Brokers Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Pelatro IPO is up to ₹53.17 Cr whereas the issue size of the Phoenix Overseas IPO is up to ₹34.23 Cr. The final issue price of Pelatro IPO is ₹200.00 per share and of Phoenix Overseas IPO is ₹64.00 per share.

 Pelatro IPOPhoenix Overseas IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹190.00 per share₹61.00 per share
Issue Price (Upper)₹200.00 per share₹64.00 per share
Issue Price (Final)₹200.00 per share₹64.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)₹0.00 per share
Market Lot Size600 shares2000 shares
Fresh Issue Size26,58,600 shares42,98,000 shares
Fresh Issue Size (Amount)up to ₹53.17 Crup to ₹27.51 Cr
OFS Issue Size0 shares10,50,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹6.72 Cr
Issue Size Total26,58,600 shares53,48,000 shares
Issue Size Total (Amount)up to ₹53.17 Crup to ₹34.23 Cr

IPO Timetable

Pelatro IPO opens on Sep 16, 2024, while Phoenix Overseas IPO opens on Sep 20, 2024. The closing date of Pelatro IPO and Phoenix Overseas IPO is Sep 19, 2024, and Sep 24, 2024, respectively.

 Pelatro IPOPhoenix Overseas IPO
Anchor Bid DateSep 13, 2024
Issue OpenSep 16, 2024Sep 20, 2024
Issue CloseSep 19, 2024Sep 24, 2024
Basis Of Allotment (Tentative)Sep 20, 2024Sep 25, 2024
Initiation of Refunds (Tentative)Sep 20, 2024Sep 26, 2024
Credit of Share (Tentative)Sep 23, 2024Sep 26, 2024
Listing date (Tentative)Sep 24, 2024Sep 27, 2024
Anchor Lockin End date 1Oct 20, 2024
Anchor Lockin End date 2Dec 19, 2024

Financials & KPIs

Pelatro IPO P/E ratio is -77.78, as compared to Phoenix Overseas IPO P/E ratio of 17.18.

 Pelatro IPOPhoenix Overseas IPO
Financials

Pelatro Limited Financial Information (Restated Consolidated)

Period Ended31 Mar 2024
Assets5,780.92
Total Income5,536.54
Profit After Tax-195.62
Net Worth1,202.89
Reserves and Surplus502.89
Total Borrowing1,867.58
Amount in ₹ Lakhs

Phoenix Overseas Limited Financial Information (Restated Standalone)

Phoenix Overseas Limited's revenue increased by 22% and profit after tax (PAT) rose by 46% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets13,162.5814,686.479,480.59
Total Income54,915.145,131.6137,828.19
Profit After Tax549.93375.48391.36
Net Worth5,012.264,570.524,246.59
Reserves and Surplus4,520.064,078.323,754.39
Total Borrowing2,937.113,447.242,981.26
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)73.3199.16
Promoter Shareholding (Post-Issue)53.59
P/E Ratio-77.7817.18
Market Cap₹208.13 Cr.₹123.81 Cr.
ROE-15.48%10.74%
ROCE3.85%15.28%
Debt/Equity1.550.59
EPS₹-2.57₹3.72
RoNW-15.48%10.74%

Shares Offered

In the Pelatro IPO Retail Individual Investors (RII) are offered 9,13,200 shares while in Phoenix Overseas IPO retail investors are offered 9,13,200 shares. Qualified Institutional Buyers (QIB) are offered 5,21,400 shares in Pelatro IPO and 8,00,000 shares in Phoenix Overseas IPO.

 Pelatro IPOPhoenix Overseas IPO
Anchor Investor Reserveration7,81,800 shares
Market Maker Reserveration1,40,400 shares2,82,000 shares
QIB5,21,400 shares8,00,000 shares
NII3,92,400 shares23,00,000 shares
RII9,13,200 shares22,48,000 shares
Employee49,800 shares
Others
Total26,58,600 shares53,48,000 shares

Bids Received (Subscription)

Pelatro IPO subscribed 21.94x in total, whereas Phoenix Overseas IPO subscribed 119.22x.

 Pelatro IPOPhoenix Overseas IPO
QIB (times)15.22x65.74x
NII (times)55.31x109.71x
Big NII (times)
Small NII (times)
RII (times)12.58x148.43x
Employee (times)
Other (times)
Total (times)21.94x119.22x