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Dipna Pharmachem IPO vs Rhetan TMT IPO

Comparison between Dipna Pharmachem IPO and Rhetan TMT IPO.

IPO Details

Dipna Pharmachem IPO is a SME Fixed Price IPO proposed to list at BSE SME while Rhetan TMT IPO is a SME Fixed Price proposed to list at BSE SME.

 Dipna Pharmachem IPORhetan TMT IPO
LogoDipna Pharmachem IPO LogoRhetan TMT IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMEBSE SME
Lead ManagersInteractive Financial Services Ltd.Aryaman Financial Services Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerSernet Financial Services Pvt.Ltd.Aryaman Capital Markets Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Dipna Pharmachem IPO is up to ₹14.43 Cr whereas the issue size of the Rhetan TMT IPO is up to ₹53.09 Cr. The final issue price of Dipna Pharmachem IPO is ₹38.00 per share and of Rhetan TMT IPO is ₹70.00 per share.

 Dipna Pharmachem IPORhetan TMT IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹38.00 per share₹70.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size3000 shares2000 shares
Fresh Issue Size37,98,000 shares75,84,000 shares
Fresh Issue Size (Amount)up to ₹14.43 Crup to ₹53.09 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total37,98,000 shares75,84,000 shares
Issue Size Total (Amount)up to ₹14.43 Crup to ₹53.09 Cr

IPO Timetable

Dipna Pharmachem IPO opens on Aug 25, 2022, while Rhetan TMT IPO opens on Aug 22, 2022. The closing date of Dipna Pharmachem IPO and Rhetan TMT IPO is Aug 30, 2022, and Aug 25, 2022, respectively.

 Dipna Pharmachem IPORhetan TMT IPO
Anchor Bid Date
Issue OpenAug 25, 2022Aug 22, 2022
Issue CloseAug 30, 2022Aug 25, 2022
Basis Of Allotment (Tentative)Aug 30, 2022
Initiation of Refunds (Tentative)Sep 01, 2022
Credit of Share (Tentative)Sep 02, 2022
Listing date (Tentative)Sep 08, 2022Sep 05, 2022
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Dipna Pharmachem IPO P/E ratio is 39, as compared to Rhetan TMT IPO P/E ratio of 63.64.

 Dipna Pharmachem IPORhetan TMT IPO
Financials
Dipna Pharmachem Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-201844.183054.855.954.7551.25
31-Mar-212479.343101.542.4257.1753.67
31-Mar-223622.967276.58116.69173.86170.36
Amount in ₹ Lakhs
Rhetan TMT Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-203046.862008.26-58.0430.21-311.65
31-Mar-213980.655213.0113.44783.65-298.21
31-Mar-225900.066703.45234.572313.211046.35
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)10099.62
Promoter Shareholding (Post-Issue)66.5662.12
P/E Ratio3963.64
Market Cap₹45.49 Cr.₹148.75 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Dipna Pharmachem IPO Retail Individual Investors (RII) are offered 18,99,000 shares while in Rhetan TMT IPO retail investors are offered 18,99,000 shares. Qualified Institutional Buyers (QIB) are offered in Dipna Pharmachem IPO and in Rhetan TMT IPO.

 Dipna Pharmachem IPORhetan TMT IPO
Anchor Investor Reserveration
Market Maker Reserveration2,04,000 shares4,16,000 shares
QIB
NII18,99,000 shares37,92,000 shares
RII18,99,000 shares37,92,000 shares
Employee
Others
Total37,98,000 shares75,84,000 shares

Bids Received (Subscription)

Dipna Pharmachem IPO subscribed 2.77x in total, whereas Rhetan TMT IPO subscribed 1.47x.

 Dipna Pharmachem IPORhetan TMT IPO
QIB (times)
NII (times)0.78x2.18x
Big NII (times)
Small NII (times)
RII (times)4.75x0.76x
Employee (times)
Other (times)
Total (times)2.77x1.47x