Retina Paints IPO vs Sancode Technologies IPO

Comparison between Retina Paints IPO and Sancode Technologies IPO.

IPO Details

Retina Paints IPO is a SME Fixed Price IPO proposed to list at BSE SME while Sancode Technologies IPO is a SME Fixed Price proposed to list at BSE SME.

	Retina Paints IPO	Sancode Technologies IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price	Fixed Price
Listing At	BSE SME	BSE SME
Lead Managers	Gretex Corporate Services Ltd.	Shreni Shares Ltd.
Registrar	Bigshare Services Pvt.Ltd.	Bigshare Services Pvt.Ltd.
Market Maker	Gretex Share Broking Pvt.Ltd.	Shreni Shares 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 Retina Paints IPO is up to ₹10.54 Cr whereas the issue size of the Sancode Technologies IPO is up to ₹4.88 Cr. The final issue price of Retina Paints IPO is ₹30.00 per share and of Sancode Technologies IPO is ₹47.00 per share.

	Retina Paints IPO	Sancode Technologies IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹30.00 per share	₹47.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	4000 shares	3000 shares
Fresh Issue Size	35,12,000 shares	10,38,000 shares
Fresh Issue Size (Amount)	up to ₹10.54 Cr	up to ₹4.88 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	35,12,000 shares	10,38,000 shares
Issue Size Total (Amount)	up to ₹10.54 Cr	up to ₹4.88 Cr

IPO Timetable

Retina Paints IPO opens on Apr 19, 2023, while Sancode Technologies IPO opens on Mar 31, 2023. The closing date of Retina Paints IPO and Sancode Technologies IPO is Apr 24, 2023, and Apr 06, 2023, respectively.

	Retina Paints IPO	Sancode Technologies IPO
Anchor Bid Date
Issue Open	Apr 19, 2023	Mar 31, 2023
Issue Close	Apr 24, 2023	Apr 06, 2023
Basis Of Allotment (Tentative)	Apr 27, 2023	Apr 12, 2023
Initiation of Refunds (Tentative)	Apr 28, 2023	Apr 13, 2023
Credit of Share (Tentative)	May 02, 2023	Apr 17, 2023
Listing date (Tentative)	May 03, 2023	Apr 18, 2023
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Retina Paints IPO P/E ratio is , as compared to Sancode Technologies IPO P/E ratio of 10.71.

Retina Paints IPO

Sancode Technologies IPO

Financials

Retina Paints Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	670.34	681.44	4.67	90.86	18.86	319.10
31-Mar-21	986.71	685.99	4.55	95.41	23.41	614.11
31-Mar-22	1,162.77	647.24	11.33	219.74	34.74	588.01
30-Nov-22	2,074.77	533.88	39.99	1,240.73	728.73	433.44
Amount in ₹ Lakhs

Sancode Technologies Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	330.45	43.08	-112.98	220.83	197.95	0.22
31-Mar-21	313.96	159.74	-26.17	223.56	200.69	63.73
31-Mar-22	349.87	244.81	75.12	287.07	264.19	20.76
30-Sep-22	481.26	180.62	89.36	367.54	344.67	21.20
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

80.70

97.47

Promoter Shareholding (Post-Issue)

59.28

71.24

P/E Ratio

10.71

Market Cap

₹19.12 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Retina Paints IPO Retail Individual Investors (RII) are offered 17,56,000 shares while in Sancode Technologies IPO retail investors are offered 17,56,000 shares. Qualified Institutional Buyers (QIB) are offered in Retina Paints IPO and in Sancode Technologies IPO.

	Retina Paints IPO	Sancode Technologies IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,88,000 shares	57,000 shares
QIB
NII	17,56,000 shares	5,19,000 shares
RII	17,56,000 shares	5,19,000 shares
Employee
Others
Total	35,12,000 shares	10,38,000 shares

Bids Received (Subscription)

Retina Paints IPO subscribed 8.29x in total, whereas Sancode Technologies IPO subscribed 3.68x.

	Retina Paints IPO	Sancode Technologies IPO
QIB (times)
NII (times)	6.10x	3.98x
Big NII (times)
Small NII (times)
RII (times)	10.41x	3.39x
Employee (times)
Other (times)
Total (times)	8.29x	3.68x

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