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Rite Zone Chemcon IPO vs Vital Chemtech IPO

Comparison between Rite Zone Chemcon IPO and Vital Chemtech IPO.

IPO Details

Rite Zone Chemcon IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Vital Chemtech IPO is a SME Bookbuilding proposed to list at NSE SME.

 Rite Zone Chemcon IPOVital Chemtech IPO
LogoRite Zone Chemcon IPO LogoVital Chemtech IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersExpert Global Consultants Pvt.Ltd.Beeline Capital Advisors Pvt.Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Skyline Financial Services Pvt.Ltd.
Market MakerRikhav Securities Ltd.Sunflower Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Rite Zone Chemcon IPO is up to ₹8.51 Cr whereas the issue size of the Vital Chemtech IPO is up to ₹61.40 Cr. The final issue price of Rite Zone Chemcon IPO is ₹75.00 per share and of Vital Chemtech IPO is ₹101.00 per share.

 Rite Zone Chemcon IPOVital Chemtech IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹95.00 per share
Issue Price (Upper)₹101.00 per share
Issue Price (Final)₹75.00 per share₹101.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares1200 shares
Fresh Issue Size11,34,400 shares60,79,200 shares
Fresh Issue Size (Amount)up to ₹8.51 Crup to ₹61.40 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total11,34,400 shares60,79,200 shares
Issue Size Total (Amount)up to ₹8.51 Crup to ₹61.40 Cr

IPO Timetable

Rite Zone Chemcon IPO opens on Oct 31, 2022, while Vital Chemtech IPO opens on Oct 31, 2022. The closing date of Rite Zone Chemcon IPO and Vital Chemtech IPO is Nov 02, 2022, and Nov 03, 2022, respectively.

 Rite Zone Chemcon IPOVital Chemtech IPO
Anchor Bid DateOct 30, 2022
Issue OpenOct 31, 2022Oct 31, 2022
Issue CloseNov 02, 2022Nov 03, 2022
Basis Of Allotment (Tentative)Nov 07, 2022Nov 09, 2022
Initiation of Refunds (Tentative)Nov 09, 2022Nov 10, 2022
Credit of Share (Tentative)Nov 10, 2022Nov 11, 2022
Listing date (Tentative)Nov 11, 2022Nov 14, 2022
Anchor Lockin End date 1Dec 09, 2022
Anchor Lockin End date 2Feb 07, 2023

Financials & KPIs

Rite Zone Chemcon IPO P/E ratio is 90.36, as compared to Vital Chemtech IPO P/E ratio of 14.94.

 Rite Zone Chemcon IPOVital Chemtech IPO
Financials
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
Vital Chemtech Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-202318.614161.24105.38303.750953.91
31-Mar-213041.344768.46293.78597.5201005.86
24-Nov-216408.98604.27784.5672.0601636.22
31-Mar-228093.715786.96670.941337.32670.943500.09
30-Apr-228991.921080.07135.181472.5806.123418.84
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)58.3999.99
Promoter Shareholding (Post-Issue)
P/E Ratio90.3614.94
Market Cap₹31.73 Cr.₹241.91 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Rite Zone Chemcon IPO Retail Individual Investors (RII) are offered 5,68,000 shares while in Vital Chemtech IPO retail investors are offered 5,68,000 shares. Qualified Institutional Buyers (QIB) are offered in Rite Zone Chemcon IPO and 12,19,200 shares in Vital Chemtech IPO.

 Rite Zone Chemcon IPOVital Chemtech IPO
Anchor Investor Reserveration18,18,000 shares
Market Maker Reserveration60,800 shares3,20,400 shares
QIB12,19,200 shares
NII5,66,400 shares9,12,000 shares
RII5,68,000 shares21,30,000 shares
Employee
Others
Total11,34,400 shares60,79,200 shares

Bids Received (Subscription)

Rite Zone Chemcon IPO subscribed 4.73x in total, whereas Vital Chemtech IPO subscribed 79.33x.

 Rite Zone Chemcon IPOVital Chemtech IPO
QIB (times)15.48x
NII (times)2.36x204.05x
Big NII (times)
Small NII (times)
RII (times)7.10x116.98x
Employee (times)
Other (times)
Total (times)4.73x79.33x