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Pattech Fitwell Tube IPO vs Sancode Technologies IPO

Comparison between Pattech Fitwell Tube IPO and Sancode Technologies IPO.

IPO Details

Pattech Fitwell Tube IPO is a SME Fixed Price IPO proposed to list at NSE SME while Sancode Technologies IPO is a SME Fixed Price proposed to list at BSE SME.

 Pattech Fitwell Tube IPOSancode Technologies IPO
LogoPattech Fitwell Tube IPO LogoSancode Technologies IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersFedex Securities Pvt.Ltd.Shreni Shares Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerPure Broking Pvt.Ltd.Shreni Shares Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Pattech Fitwell Tube IPO is up to ₹11.37 Cr whereas the issue size of the Sancode Technologies IPO is up to ₹4.88 Cr. The final issue price of Pattech Fitwell Tube IPO is ₹50.00 per share and of Sancode Technologies IPO is ₹47.00 per share.

 Pattech Fitwell Tube IPOSancode Technologies IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹50.00 per share₹47.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size3000 shares3000 shares
Fresh Issue Size22,74,000 shares10,38,000 shares
Fresh Issue Size (Amount)up to ₹11.37 Crup to ₹4.88 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total22,74,000 shares10,38,000 shares
Issue Size Total (Amount)up to ₹11.37 Crup to ₹4.88 Cr

IPO Timetable

Pattech Fitwell Tube IPO opens on Apr 05, 2023, while Sancode Technologies IPO opens on Mar 31, 2023. The closing date of Pattech Fitwell Tube IPO and Sancode Technologies IPO is Apr 12, 2023, and Apr 06, 2023, respectively.

 Pattech Fitwell Tube IPOSancode Technologies IPO
Anchor Bid Date
Issue OpenApr 05, 2023Mar 31, 2023
Issue CloseApr 12, 2023Apr 06, 2023
Basis Of Allotment (Tentative)Apr 18, 2023Apr 12, 2023
Initiation of Refunds (Tentative)Apr 19, 2023Apr 13, 2023
Credit of Share (Tentative)Apr 20, 2023Apr 17, 2023
Listing date (Tentative)Apr 21, 2023Apr 18, 2023
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Pattech Fitwell Tube IPO P/E ratio is 46.73, as compared to Sancode Technologies IPO P/E ratio of 10.71.

 Pattech Fitwell Tube IPOSancode Technologies IPO
Financials
Pattech Fitwell Tube Components Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-201,155.692,038.997.74190.050.00867.72
31-Mar-211,386.661,844.93-1.16321.110.00976.32
31-Mar-222,530.382,262.87144.45563.060.001,663.56
21-Aug-222,572.07968.7234.76569.710.001,456.31
30-Nov-222,661.011,137.6619.69529.1119.691,745.92
Amount in ₹ Lakhs
Sancode Technologies Limited Financial Information (Restated Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20330.4543.08-112.98220.83197.950.22
31-Mar-21313.96159.74-26.17223.56200.6963.73
31-Mar-22349.87244.8175.12287.07264.1920.76
30-Sep-22481.26180.6289.36367.54344.6721.20
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)100.0097.47
Promoter Shareholding (Post-Issue)69.0671.24
P/E Ratio46.7310.71
Market Cap₹38.79 Cr.₹19.12 Cr.
ROE25.66%
ROCE11.00%
Debt/Equity
EPS
RoNW

Shares Offered

In the Pattech Fitwell Tube IPO Retail Individual Investors (RII) are offered 11,37,000 shares while in Sancode Technologies IPO retail investors are offered 11,37,000 shares. Qualified Institutional Buyers (QIB) are offered in Pattech Fitwell Tube IPO and in Sancode Technologies IPO.

 Pattech Fitwell Tube IPOSancode Technologies IPO
Anchor Investor Reserveration
Market Maker Reserveration1,26,000 shares57,000 shares
QIB
NII11,37,000 shares5,19,000 shares
RII11,37,000 shares5,19,000 shares
Employee
Others
Total22,74,000 shares10,38,000 shares

Bids Received (Subscription)

Pattech Fitwell Tube IPO subscribed 1.97x in total, whereas Sancode Technologies IPO subscribed 3.68x.

 Pattech Fitwell Tube IPOSancode Technologies IPO
QIB (times)
NII (times)2.05x3.98x
Big NII (times)
Small NII (times)
RII (times)1.90x3.39x
Employee (times)
Other (times)
Total (times)1.97x3.68x