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Reetech International Cargo IPO vs Vedant Asset IPO

Comparison between Reetech International Cargo IPO and Vedant Asset IPO.

IPO Details

Reetech International Cargo IPO is a SME Fixed Price IPO proposed to list at BSE SME while Vedant Asset IPO is a SME Fixed Price proposed to list at BSE SME.

 Reetech International Cargo IPOVedant Asset IPO
LogoReetech International Cargo IPO LogoVedant Asset IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMEBSE SME
Lead ManagersGretex Corporate Services Ltd.Hem Securities Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerGretex Share Broking Pvt.Ltd.Hem Securities Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Reetech International Cargo IPO is up to ₹11.11 Cr whereas the issue size of the Vedant Asset IPO is up to ₹2.83 Cr. The final issue price of Reetech International Cargo IPO is ₹105.00 per share and of Vedant Asset IPO is ₹40.00 per share.

 Reetech International Cargo IPOVedant Asset IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹105.00 per share₹40.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1200 shares3000 shares
Fresh Issue Size5,41,200 shares7,08,000 shares
Fresh Issue Size (Amount)up to ₹5.68 Crup to ₹2.83 Cr
OFS Issue Size5,17,200 shares0 shares
OFS Issue Size (Amount)up to ₹5.43 Crup to ₹0.00 Cr
Issue Size Total10,58,400 shares7,08,000 shares
Issue Size Total (Amount)up to ₹11.11 Crup to ₹2.83 Cr

IPO Timetable

Reetech International Cargo IPO opens on Sep 27, 2022, while Vedant Asset IPO opens on Sep 30, 2022. The closing date of Reetech International Cargo IPO and Vedant Asset IPO is Sep 29, 2022, and Oct 04, 2022, respectively.

 Reetech International Cargo IPOVedant Asset IPO
Anchor Bid Date
Issue OpenSep 27, 2022Sep 30, 2022
Issue CloseSep 29, 2022Oct 04, 2022
Basis Of Allotment (Tentative)Oct 04, 2022Oct 10, 2022
Initiation of Refunds (Tentative)Oct 06, 2022Oct 11, 2022
Credit of Share (Tentative)Oct 07, 2022Oct 12, 2022
Listing date (Tentative)Oct 10, 2022Oct 12, 2022
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Reetech International Cargo IPO P/E ratio is 10.64, as compared to Vedant Asset IPO P/E ratio of 80.

 Reetech International Cargo IPOVedant Asset IPO
Financials
Reetech International Cargo and Courier Ltd Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-20396.1718.9913.98325.06273.21
31-Mar-21877.781842.4130.1365.59313.74
31-Mar-221727.5211689.1417.29801.06749.21
Amount in ₹ Lakhs
Vedant Asset Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-2083.1361.233.45.384.3874.32
31-Mar-21239.16113.478.68214.2213.0617.4
31-Mar-22254.63167.2313.81228.0326.870
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)99.9999.99
Promoter Shareholding (Post-Issue)73.6272.83
P/E Ratio10.6480
Market Cap₹44.39 Cr.₹11.05 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Reetech International Cargo IPO Retail Individual Investors (RII) are offered 5,29,200 shares while in Vedant Asset IPO retail investors are offered 5,29,200 shares. Qualified Institutional Buyers (QIB) are offered in Reetech International Cargo IPO and in Vedant Asset IPO.

 Reetech International Cargo IPOVedant Asset IPO
Anchor Investor Reserveration
Market Maker Reserveration56,400 shares42,000 shares
QIB
NII5,29,200 shares3,54,000 shares
RII5,29,200 shares3,54,000 shares
Employee
Others
Total10,58,400 shares7,08,000 shares

Bids Received (Subscription)

Reetech International Cargo IPO subscribed 1.67x in total, whereas Vedant Asset IPO subscribed 49.07x.

 Reetech International Cargo IPOVedant Asset IPO
QIB (times)
NII (times)1.43x42.98x
Big NII (times)
Small NII (times)
RII (times)1.92x55.16x
Employee (times)
Other (times)
Total (times)1.67x49.07x