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Olatech Solutions IPO vs Rhetan TMT IPO

Comparison between Olatech Solutions IPO and Rhetan TMT IPO.

IPO Details

Olatech Solutions 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.

 Olatech Solutions IPORhetan TMT IPO
LogoOlatech Solutions IPO LogoRhetan TMT IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMEBSE SME
Lead ManagersShreni Shares Ltd.Aryaman Financial Services Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerShreni Shares 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 Olatech Solutions IPO is up to ₹1.77 Cr whereas the issue size of the Rhetan TMT IPO is up to ₹53.09 Cr. The final issue price of Olatech Solutions IPO is ₹27.00 per share and of Rhetan TMT IPO is ₹70.00 per share.

 Olatech Solutions IPORhetan TMT IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹27.00 per share₹70.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size4000 shares2000 shares
Fresh Issue Size6,56,000 shares75,84,000 shares
Fresh Issue Size (Amount)up to ₹1.77 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 Total6,56,000 shares75,84,000 shares
Issue Size Total (Amount)up to ₹1.77 Crup to ₹53.09 Cr

IPO Timetable

Olatech Solutions IPO opens on Aug 12, 2022, while Rhetan TMT IPO opens on Aug 22, 2022. The closing date of Olatech Solutions IPO and Rhetan TMT IPO is Aug 19, 2022, and Aug 25, 2022, respectively.

 Olatech Solutions IPORhetan TMT IPO
Anchor Bid Date
Issue OpenAug 12, 2022Aug 22, 2022
Issue CloseAug 19, 2022Aug 25, 2022
Basis Of Allotment (Tentative)Aug 24, 2022Aug 30, 2022
Initiation of Refunds (Tentative)Aug 25, 2022Sep 01, 2022
Credit of Share (Tentative)Aug 26, 2022Sep 02, 2022
Listing date (Tentative)Aug 29, 2022Sep 05, 2022
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Olatech Solutions IPO P/E ratio is 18, as compared to Rhetan TMT IPO P/E ratio of 63.64.

 Olatech Solutions IPORhetan TMT IPO
Financials
Olatech Solutions Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-1971.0174.2110.4165.3764.37
31-Mar-20189.2835.3551.58116.96115.96
31-Mar-21148.69549.2312.32129.28128.28
31-Mar-22229.95262.1535164.28164
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)9299.62
Promoter Shareholding (Post-Issue)64.4862.12
P/E Ratio1863.64
Market Cap₹6.32 Cr.₹148.75 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Olatech Solutions IPO Retail Individual Investors (RII) are offered 3,28,000 shares while in Rhetan TMT IPO retail investors are offered 3,28,000 shares. Qualified Institutional Buyers (QIB) are offered in Olatech Solutions IPO and in Rhetan TMT IPO.

 Olatech Solutions IPORhetan TMT IPO
Anchor Investor Reserveration
Market Maker Reserveration44,000 shares4,16,000 shares
QIB
NII3,28,000 shares37,92,000 shares
RII3,28,000 shares37,92,000 shares
Employee
Others
Total6,56,000 shares75,84,000 shares

Bids Received (Subscription)

Olatech Solutions IPO subscribed 598.82x in total, whereas Rhetan TMT IPO subscribed 1.47x.

 Olatech Solutions IPORhetan TMT IPO
QIB (times)
NII (times)517.71x2.18x
Big NII (times)
Small NII (times)
RII (times)679.94x0.76x
Employee (times)
Other (times)
Total (times)598.82x1.47x