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Pritika Engineering IPO vs Rite Zone Chemcon IPO

Comparison between Pritika Engineering IPO and Rite Zone Chemcon IPO.

IPO Details

Pritika Engineering IPO is a SME Fixed Price IPO proposed to list at NSE SME while Rite Zone Chemcon IPO is a SME Fixed Price proposed to list at NSE SME.

 Pritika Engineering IPORite Zone Chemcon IPO
LogoPritika Engineering IPO LogoRite Zone Chemcon IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMENSE SME
Lead ManagersGYR Capital Advisors Pvt.Ltd.Expert Global Consultants Pvt.Ltd.
RegistrarMUFG Intime India Pvt.Ltd.Skyline Financial Services Pvt.Ltd.
Market MakerSMC Global Securities Ltd.Rikhav 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 Pritika Engineering IPO is up to ₹8.94 Cr whereas the issue size of the Rite Zone Chemcon IPO is up to ₹8.51 Cr. The final issue price of Pritika Engineering IPO is ₹29.00 per share and of Rite Zone Chemcon IPO is ₹75.00 per share.

 Pritika Engineering IPORite Zone Chemcon IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹29.00 per share₹75.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size4000 shares1600 shares
Fresh Issue Size30,84,000 shares11,34,400 shares
Fresh Issue Size (Amount)up to ₹8.94 Crup to ₹8.51 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total30,84,000 shares11,34,400 shares
Issue Size Total (Amount)up to ₹8.94 Crup to ₹8.51 Cr

IPO Timetable

Pritika Engineering IPO opens on Nov 25, 2022, while Rite Zone Chemcon IPO opens on Oct 31, 2022. The closing date of Pritika Engineering IPO and Rite Zone Chemcon IPO is Nov 30, 2022, and Nov 02, 2022, respectively.

 Pritika Engineering IPORite Zone Chemcon IPO
Anchor Bid Date
Issue OpenNov 25, 2022Oct 31, 2022
Issue CloseNov 30, 2022Nov 02, 2022
Basis Of Allotment (Tentative)Dec 05, 2022Nov 07, 2022
Initiation of Refunds (Tentative)Dec 06, 2022Nov 09, 2022
Credit of Share (Tentative)Dec 07, 2022Nov 10, 2022
Listing date (Tentative)Dec 08, 2022Nov 11, 2022
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Pritika Engineering IPO P/E ratio is 8.76, as compared to Rite Zone Chemcon IPO P/E ratio of 90.36.

 Pritika Engineering IPORite Zone Chemcon IPO
Financials
Pritika Engineering Components Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
31-Mar-204134.382172.413.75538.82023
31-Mar-215594.293244.3638.181262.132196.71
31-Mar-227107.365739.58546.171652.622507.67
30-Sep-228121.824340.24185.531832.883161.13
Amount in ₹ Lakhs
Rite Zone Chemcon India Ltd Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20666.83574.7715.8962.5361.53258.12
31-Mar-21677.87384.210.6963.2662.26329.3
31-Mar-221039.27565.7326.21502.36198.86106.24
30-Sep-221240.921036.3417.48519.85216.3497.36
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)10058.39
Promoter Shareholding (Post-Issue)
P/E Ratio8.7690.36
Market Cap₹31.56 Cr.₹31.73 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Pritika Engineering IPO Retail Individual Investors (RII) are offered 15,42,000 shares while in Rite Zone Chemcon IPO retail investors are offered 15,42,000 shares. Qualified Institutional Buyers (QIB) are offered in Pritika Engineering IPO and in Rite Zone Chemcon IPO.

 Pritika Engineering IPORite Zone Chemcon IPO
Anchor Investor Reserveration
Market Maker Reserveration1,64,000 shares60,800 shares
QIB
NII15,42,000 shares5,66,400 shares
RII15,42,000 shares5,68,000 shares
Employee
Others
Total30,84,000 shares11,34,400 shares

Bids Received (Subscription)

Pritika Engineering IPO subscribed 158.56x in total, whereas Rite Zone Chemcon IPO subscribed 4.73x.

 Pritika Engineering IPORite Zone Chemcon IPO
QIB (times)
NII (times)144.47x2.36x
Big NII (times)
Small NII (times)
RII (times)172.65x7.10x
Employee (times)
Other (times)
Total (times)158.56x4.73x