Reetech International Cargo IPO vs Silicon Rental Solutions IPO

Comparison between Reetech International Cargo IPO and Silicon Rental Solutions IPO.

IPO Details

Reetech International Cargo IPO is a SME Fixed Price IPO proposed to list at BSE SME while Silicon Rental Solutions IPO is a SME Fixed Price proposed to list at BSE SME.

Issue Size and Price

The total issue size of Reetech International Cargo IPO is up to ₹11.11 Cr whereas the issue size of the Silicon Rental Solutions IPO is up to ₹20.09 Cr. The final issue price of Reetech International Cargo IPO is ₹105.00 per share and of Silicon Rental Solutions IPO is ₹78.00 per share.

 Reetech International Cargo IPOSilicon Rental Solutions IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹105.00 per share₹78.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size1200 shares1600 shares
Fresh Issue Size5,41,200 shares25,76,000 shares
Fresh Issue Size (Amount)up to ₹5.68 Crup to ₹20.09 Cr
OFS Issue Size5,17,200 shares0 shares
OFS Issue Size (Amount)up to ₹5.43 Crup to ₹0.00 Cr
Issue Size Total10,58,400 shares25,76,000 shares
Issue Size Total (Amount)up to ₹11.11 Crup to ₹20.09 Cr

IPO Timetable

Reetech International Cargo IPO opens on Sep 27, 2022, while Silicon Rental Solutions IPO opens on Sep 28, 2022. The closing date of Reetech International Cargo IPO and Silicon Rental Solutions IPO is Sep 29, 2022, and Sep 30, 2022, respectively.

 Reetech International Cargo IPOSilicon Rental Solutions IPO
Issue OpenSep 27, 2022Sep 28, 2022
Issue CloseSep 29, 2022Sep 30, 2022
Basis Of Allotment (Tentative)Oct 04, 2022Oct 06, 2022
Initiation of Refunds (Tentative)Oct 06, 2022Oct 07, 2022
Credit of Share (Tentative)Oct 07, 2022Oct 10, 2022
Listing date (Tentative)Oct 10, 2022Oct 10, 2022

Financials & KPIs

Reetech International Cargo IPO P/E ratio is 10.64, as compared to Silicon Rental Solutions IPO P/E ratio of 10.73.

 Reetech International Cargo IPOSilicon Rental Solutions IPO
Financials

Company Financials (Restated)

Period Ended31 Mar 202231 Mar 202131 Mar 2020
Assets17.288.783.96
Total Income116.8918.420.19
Profit After Tax4.170.300.14
NET Worth8.013.663.25
Reserves and Surplus7.493.142.73
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Mar 202231 Mar 202131 Mar 2020
Assets41.7222.3617.62
Total Income24.6813.7612.28
Profit After Tax7.472.702.16
NET Worth0.000.000.00
Reserves and Surplus15.988.525.82
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99.99%99.79%
Promoter Shareholding (Post-Issue)73.62%73.44%
P/E Ratio10.6410.73
Market Cap₹44.39 Cr.₹80.12 Cr.
ROE71.5443.95
ROCE72.8130.8
Debt/Equity0.98
EPS₹11.50₹12.48
RoNW52.0943.95

Shares Offered

In the Reetech International Cargo IPO Retail Individual Investors (RII) are offered 5,29,200 shares while in Silicon Rental Solutions IPO retail investors are offered 5,29,200 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Reetech International Cargo IPO and in Silicon Rental Solutions IPO.

 Reetech International Cargo IPOSilicon Rental Solutions IPO
Anchor Investor Reservation0 shares
Market Maker Reservation56,400 shares1,36,000 shares
QIB0 shares
NII5,29,200 shares12,88,000 shares
RII5,29,200 shares12,88,000 shares
Employee0 shares
Total10,58,400 shares25,76,000 shares

Bids Received (Subscription)

Reetech International Cargo IPO subscribed 1.67x in total, whereas Silicon Rental Solutions IPO subscribed 2.89x.

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