ITCONS E-Solutions IPO vs Sealmatic India IPO

Comparison between ITCONS E-Solutions IPO and Sealmatic India IPO.

IPO Details

ITCONS E-Solutions IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Sealmatic India IPO is a SME Bookbuilding proposed to list at BSE SME.

Issue Size and Price

The total issue size of ITCONS E-Solutions IPO is up to ₹8.23 Cr whereas the issue size of the Sealmatic India IPO is up to ₹53.41 Cr. The final issue price of ITCONS E-Solutions IPO is ₹51.00 per share and of Sealmatic India IPO is ₹225.00 per share.

 ITCONS E-Solutions IPOSealmatic India IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹220.00 per share
Issue Price (Upper)₹225.00 per share
Issue Price (Final)₹51.00 per share₹225.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares600 shares
Fresh Issue Size16,14,000 shares17,24,000 shares
Fresh Issue Size (Amount)up to ₹8.23 Crup to ₹38.79 Cr
OFS Issue Size0 shares6,49,600 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹14.62 Cr
Issue Size Total16,14,000 shares23,73,600 shares
Issue Size Total (Amount)up to ₹8.23 Crup to ₹53.41 Cr

IPO Timetable

ITCONS E-Solutions IPO opens on Feb 28, 2023, while Sealmatic India IPO opens on Feb 17, 2023. The closing date of ITCONS E-Solutions IPO and Sealmatic India IPO is Mar 02, 2023, and Feb 21, 2023, respectively.

 ITCONS E-Solutions IPOSealmatic India IPO
Anchor Bid DateFeb 16, 2023
Issue OpenFeb 28, 2023Feb 17, 2023
Issue CloseMar 02, 2023Feb 21, 2023
Basis Of Allotment (Tentative)Mar 08, 2023Feb 24, 2023
Initiation of Refunds (Tentative)Mar 09, 2023Feb 27, 2023
Credit of Share (Tentative)Mar 10, 2023Feb 28, 2023
Listing date (Tentative)Mar 13, 2023Mar 01, 2023
Anchor Lockin End date 1Mar 26, 2023
Anchor Lockin End date 2May 25, 2023

Financials & KPIs

ITCONS E-Solutions IPO P/E ratio is 12.09, as compared to Sealmatic India IPO P/E ratio of 18.75.

 ITCONS E-Solutions IPOSealmatic India IPO
Financials

Company Financials (Restated Standalone)

Period Ended30 Sep 202231 Mar 202231 Mar 202131 Mar 2020
Assets7.924.713.413.51
Total Income16.0518.208.428.35
Profit After Tax1.061.190.080.11
NET Worth4.622.231.040.97
Reserves and Surplus1.292.221.030.96
Total Borrowing1.771.061.361.45
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended30 Sep 202231 Mar 202231 Mar 202131 Mar 2020
Assets51.0939.4729.7623.25
Total Income25.8242.7735.4833.59
Profit After Tax5.438.416.504.94
NET Worth35.5030.1621.7415.25
Reserves and Surplus28.3029.9621.5415.05
Total Borrowing2.240.942.732.78
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)89.67100.00
Promoter Shareholding (Post-Issue)59.3672.38
P/E Ratio12.0918.75
Market Cap₹25.65 Cr.₹203.63 Cr.
ROE5328
ROCE5837
Debt/Equity0.480.03
EPS₹4.16₹11.69
RoNW53.3127.9

Shares Offered

In the ITCONS E-Solutions IPO Retail Individual Investors (RII) are offered 8,08,000 shares while in Sealmatic India IPO retail investors are offered 8,08,000 shares. Qualified Institutional Buyers (QIB) are offered in ITCONS E-Solutions IPO and 3,79,800 shares in Sealmatic India IPO.

 ITCONS E-Solutions IPOSealmatic India IPO
Anchor Investor Reservation5,69,400 shares
Market Maker Reservation86,000 shares1,26,000 shares
QIB3,79,800 shares
NII8,06,000 shares4,27,200 shares
RII8,08,000 shares9,97,200 shares
Employee
Others
Total16,14,000 shares23,73,600 shares

Bids Received (Subscription)

ITCONS E-Solutions IPO subscribed 16.79x in total, whereas Sealmatic India IPO subscribed 13.50x.

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