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Evoq Remedies IPO vs SP Refractories IPO

Comparison between Evoq Remedies IPO and SP Refractories IPO.

IPO Details

Evoq Remedies IPO is a SME Fixed Price IPO proposed to list at BSE SME while SP Refractories IPO is a SME Fixed Price proposed to list at NSE SME.

 Evoq Remedies IPOSP Refractories IPO
LogoEvoq Remedies IPO LogoSP Refractories IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMENSE SME
Lead ManagersSwastika Investmart Ltd.Aryaman Financial Services Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerSunflower Broking Pvt.Ltd.Aryaman Capital Markets Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Evoq Remedies IPO is up to ₹9.23 Cr whereas the issue size of the SP Refractories IPO is up to ₹4.67 Cr. The final issue price of Evoq Remedies IPO is ₹27.00 per share and of SP Refractories IPO is ₹90.00 per share.

 Evoq Remedies IPOSP Refractories IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹27.00 per share₹90.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size4000 shares1600 shares
Fresh Issue Size34,20,000 shares2,68,800 shares
Fresh Issue Size (Amount)up to ₹9.23 Crup to ₹2.42 Cr
OFS Issue Size0 shares2,49,600 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹2.25 Cr
Issue Size Total34,20,000 shares5,18,400 shares
Issue Size Total (Amount)up to ₹9.23 Crup to ₹4.67 Cr

IPO Timetable

Evoq Remedies IPO opens on Mar 17, 2022, while SP Refractories IPO opens on Mar 09, 2022. The closing date of Evoq Remedies IPO and SP Refractories IPO is Mar 22, 2022, and Mar 11, 2022, respectively.

 Evoq Remedies IPOSP Refractories IPO
Anchor Bid Date
Issue OpenMar 17, 2022Mar 09, 2022
Issue CloseMar 22, 2022Mar 11, 2022
Basis Of Allotment (Tentative)Mar 25, 2022Mar 16, 2022
Initiation of Refunds (Tentative)Mar 28, 2022Mar 17, 2022
Credit of Share (Tentative)Mar 29, 2022Mar 21, 2022
Listing date (Tentative)Mar 30, 2022Mar 22, 2022
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Evoq Remedies IPO P/E ratio is 33.75, as compared to SP Refractories IPO P/E ratio of 9.94.

 Evoq Remedies IPOSP Refractories IPO
Financials
Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (Rs in Lakh)
  10-Feb-22 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 2660.58 804.63 565.22 214.78
Total Revenue 1056.58 1002.48 907.21 325
Profit After Tax 93.67 71.38 0.03 1.11
Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Lakh)
  30-Sep-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 1,232.20 1,057.17 898.33 792.01
Total Revenue 1,447.64 2,572.48 2,099.59 1,855.95
Profit After Tax 80.74 75.35 39.93 20.59
Promoter Shareholding (Pre-Issue)99.99100
Promoter Shareholding (Post-Issue)73.5369.42
P/E Ratio33.759.94
Market Cap₹36.72 Cr.₹16.11 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Evoq Remedies IPO Retail Individual Investors (RII) are offered 17,10,000 shares while in SP Refractories IPO retail investors are offered 17,10,000 shares. Qualified Institutional Buyers (QIB) are offered in Evoq Remedies IPO and in SP Refractories IPO.

 Evoq Remedies IPOSP Refractories IPO
Anchor Investor Reserveration
Market Maker Reserveration1,80,000 shares28,800 shares
QIB
NII17,10,000 shares2,59,200 shares
RII17,10,000 shares2,59,200 shares
Employee
Others
Total34,20,000 shares5,18,400 shares

Bids Received (Subscription)

Evoq Remedies IPO subscribed 1.67x in total, whereas SP Refractories IPO subscribed 7.24x.

 Evoq Remedies IPOSP Refractories IPO
QIB (times)
NII (times)0.30x5.64x
Big NII (times)
Small NII (times)
RII (times)3.03x8.85x
Employee (times)
Other (times)
Total (times)1.67x7.24x