Comparison between Divgi TorqTransfer Systems IPO and Radiant Cash Management IPO.
Divgi TorqTransfer Systems IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Radiant Cash Management IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.
The total issue size of Divgi TorqTransfer Systems IPO is up to ₹412.12 Cr whereas the issue size of the Radiant Cash Management IPO is up to ₹256.64 Cr. The final issue price of Divgi TorqTransfer Systems IPO is ₹590.00 per share and of Radiant Cash Management IPO is ₹94.00 per share.
| Divgi TorqTransfer Systems IPO | Radiant Cash Management IPO | |
|---|---|---|
| Face Value | ₹5 per share | ₹1 per share |
| Issue Price (Lower) | ₹560.00 per share | ₹94.00 per share |
| Issue Price (Upper) | ₹590.00 per share | ₹99.00 per share |
| Issue Price (Final) | ₹590.00 per share | ₹94.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 25 shares | 150 shares |
| Fresh Issue Size | 30,50,847 shares | 54,54,546 shares |
| Fresh Issue Size (Amount) | up to ₹180.00 Cr | up to ₹52.47 Cr |
| OFS Issue Size | 39,34,243 shares | 2,12,22,431 shares |
| OFS Issue Size (Amount) | up to ₹232.12 Cr | up to ₹204.17 Cr |
| Issue Size Total | 69,85,090 shares | 2,66,76,977 shares |
| Issue Size Total (Amount) | up to ₹412.12 Cr | up to ₹256.64 Cr |
Divgi TorqTransfer Systems IPO opens on Mar 01, 2023, while Radiant Cash Management IPO opens on Dec 23, 2022. The closing date of Divgi TorqTransfer Systems IPO and Radiant Cash Management IPO is Mar 03, 2023, and Dec 27, 2022, respectively.
| Divgi TorqTransfer Systems IPO | Radiant Cash Management IPO | |
|---|---|---|
| Anchor Bid Date | Feb 28, 2023 | Dec 22, 2022 |
| Issue Open | Mar 01, 2023 | Dec 23, 2022 |
| Issue Close | Mar 03, 2023 | Dec 27, 2022 |
| Basis Of Allotment (Tentative) | Mar 09, 2023 | Dec 30, 2022 |
| Initiation of Refunds (Tentative) | Mar 10, 2023 | Jan 02, 2023 |
| Credit of Share (Tentative) | Mar 13, 2023 | Jan 03, 2023 |
| Listing date (Tentative) | Mar 14, 2023 | Jan 04, 2023 |
| Anchor Lockin End date 1 | Apr 08, 2023 | Jan 29, 2023 |
| Anchor Lockin End date 2 | Jun 07, 2023 | Mar 30, 2023 |
Divgi TorqTransfer Systems IPO P/E ratio is 35.16, as compared to Radiant Cash Management IPO P/E ratio of 17.34.
| Divgi TorqTransfer Systems IPO | Radiant Cash Management IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Financials | Company Financials (Restated)
| Company Financials (Restated Consolidated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 67.18 | 66.39 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 53.21 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 35.16 | 17.34 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹1804.39 Cr. | ₹1062.41 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 14.52 | 27.34 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 29.47 | 33.07 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.00 | 0.21 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹16.76 | ₹3.77 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 13.57 | 27.34 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Divgi TorqTransfer Systems IPO Retail Individual Investors (RII) are offered 6,98,509 shares while in Radiant Cash Management IPO retail investors are offered 6,98,509 shares. Qualified Institutional Buyers (QIB) are offered 20,95,528 shares in Divgi TorqTransfer Systems IPO and 15,82,807 shares in Radiant Cash Management IPO.
| Divgi TorqTransfer Systems IPO | Radiant Cash Management IPO | |
|---|---|---|
| Anchor Investor Reservation | 31,43,290 shares | 1,17,55,681 shares |
| Market Maker Reservation | ||
| QIB | 20,95,528 shares | 15,82,807 shares |
| NII | 10,47,763 shares | 40,01,547 shares |
| RII | 6,98,509 shares | 93,36,942 shares |
| Employee | ||
| Others | ||
| Total | 69,85,090 shares | 2,66,76,977 shares |
Divgi TorqTransfer Systems IPO subscribed 5.44x in total, whereas Radiant Cash Management IPO subscribed 0.53x.
| Divgi TorqTransfer Systems IPO | Radiant Cash Management IPO | |
|---|---|---|
| QIB (times) | 7.83x | 1.01x |
| NII (times) | 1.40x | 0.66x |
| Big NII (times) | 0.89x | 0.94x |
| Small NII (times) | 2.41x | 0.09x |
| RII (times) | 4.31x | 0.21x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 5.44x | 0.53x |
