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Finelistings Technologies IPO vs Ramdevbaba Solvent IPO

Comparison between Finelistings Technologies IPO and Ramdevbaba Solvent IPO.

IPO Details

Finelistings Technologies IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Ramdevbaba Solvent IPO is a SME Bookbuilding proposed to list at NSE SME.

 Finelistings Technologies IPORamdevbaba Solvent IPO
LogoFinelistings Technologies IPO LogoRamdevbaba Solvent IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersFedex Securities Pvt.Ltd.Choice Capital Advisors Pvt.Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerRikhav Securities Ltd.Choice Equity Broking Pvt.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 Finelistings Technologies IPO is up to ₹12.82 Cr whereas the issue size of the Ramdevbaba Solvent IPO is up to ₹47.60 Cr. The final issue price of Finelistings Technologies IPO is ₹123.00 per share and of Ramdevbaba Solvent IPO is ₹85.00 per share.

 Finelistings Technologies IPORamdevbaba Solvent IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹80.00 per share
Issue Price (Upper)₹85.00 per share
Issue Price (Final)₹123.00 per share₹85.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1000 shares1600 shares
Fresh Issue Size10,42,000 shares56,00,000 shares
Fresh Issue Size (Amount)up to ₹12.82 Crup to ₹47.60 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total10,42,000 shares56,00,000 shares
Issue Size Total (Amount)up to ₹12.82 Crup to ₹47.60 Cr

IPO Timetable

Finelistings Technologies IPO opens on May 07, 2024, while Ramdevbaba Solvent IPO opens on Apr 15, 2024. The closing date of Finelistings Technologies IPO and Ramdevbaba Solvent IPO is May 09, 2024, and Apr 18, 2024, respectively.

 Finelistings Technologies IPORamdevbaba Solvent IPO
Anchor Bid DateApr 12, 2024
Issue OpenMay 07, 2024Apr 15, 2024
Issue CloseMay 09, 2024Apr 18, 2024
Basis Of Allotment (Tentative)May 10, 2024Apr 19, 2024
Initiation of Refunds (Tentative)May 13, 2024Apr 22, 2024
Credit of Share (Tentative)May 13, 2024Apr 22, 2024
Listing date (Tentative)May 14, 2024Apr 23, 2024
Anchor Lockin End date 1May 19, 2024
Anchor Lockin End date 2Jul 18, 2024

Financials & KPIs

Finelistings Technologies IPO P/E ratio is 17.44, as compared to Ramdevbaba Solvent IPO P/E ratio of 10.6.

 Finelistings Technologies IPORamdevbaba Solvent IPO
Financials

Finelistings Technologies Limited Financial Information (Restated)

Period Ended29 Feb 202431 Mar 202331 Mar 202231 Mar 2021
Assets968.921,015.99154.3359.69
Total Income1,359.971,390.62694.32146.43
Profit After Tax276.99178.92-8.33-17.26
Net Worth618.96351.8347.9156.24
Reserves and Surplus375.2098.2146.7955.12
Amount in ₹ Lakhs

Ramdevbaba Solvent Limited Financial Information (Restated)

Ramdevbaba Solvent Limited's revenue increased by 20.35% and profit after tax (PAT) rose by 97.25% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets20,341.2419,062.6113,134.8610,125.05
Total Income46,569.8170,433.4158,525.4642,717.32
Profit After Tax828.901,300.15659.15617.06
Net Worth6,857.154,783.253,483.102,823.95
Reserves and Surplus5,235.974,324.523,024.372,365.22
Total Borrowing9,998.789,922.636,485.674,474.16
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)71.6581.01
Promoter Shareholding (Post-Issue)49.98
P/E Ratio17.4410.6
Market Cap₹44.73 Cr.₹188.07 Cr.
ROE43.16%
ROCE21.73%10.76%
Debt/Equity1.46
EPS₹7.05₹8.02
RoNW44.05%14.24%

Shares Offered

In the Finelistings Technologies IPO Retail Individual Investors (RII) are offered 5,21,000 shares while in Ramdevbaba Solvent IPO retail investors are offered 5,21,000 shares. Qualified Institutional Buyers (QIB) are offered in Finelistings Technologies IPO and 11,20,000 shares in Ramdevbaba Solvent IPO.

 Finelistings Technologies IPORamdevbaba Solvent IPO
Anchor Investor Reserveration16,80,000 shares
Market Maker Reserveration58,000 shares3,13,600 shares
QIB11,20,000 shares
NII5,21,000 shares8,40,000 shares
RII5,21,000 shares19,60,000 shares
Employee
Others
Total10,42,000 shares56,00,000 shares

Bids Received (Subscription)

Finelistings Technologies IPO subscribed 37.44x in total, whereas Ramdevbaba Solvent IPO subscribed 126.21x.

 Finelistings Technologies IPORamdevbaba Solvent IPO
QIB (times)65.95x
NII (times)29.85x314.46x
Big NII (times)
Small NII (times)
RII (times)38.96x79.96x
Employee (times)
Other (times)
Total (times)37.44x126.21x