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Srivasavi Adhesive Tapes IPO vs Systango Technologies IPO

Comparison between Srivasavi Adhesive Tapes IPO and Systango Technologies IPO.

IPO Details

Srivasavi Adhesive Tapes IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Systango Technologies IPO is a SME Bookbuilding proposed to list at NSE SME.

 Srivasavi Adhesive Tapes IPOSystango Technologies IPO
LogoSrivasavi Adhesive Tapes IPO LogoSystango Technologies IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersShreni Shares Ltd.Hem Securities Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerShreni Shares Ltd.Hem Finlease 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 Srivasavi Adhesive Tapes IPO is up to ₹14.71 Cr whereas the issue size of the Systango Technologies IPO is up to ₹33.05 Cr. The final issue price of Srivasavi Adhesive Tapes IPO is ₹41.00 per share and of Systango Technologies IPO is ₹90.00 per share.

 Srivasavi Adhesive Tapes IPOSystango Technologies IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹85.00 per share
Issue Price (Upper)₹90.00 per share
Issue Price (Final)₹41.00 per share₹90.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size3000 shares1600 shares
Fresh Issue Size35,88,000 shares36,72,000 shares
Fresh Issue Size (Amount)up to ₹14.71 Crup to ₹33.05 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total35,88,000 shares36,72,000 shares
Issue Size Total (Amount)up to ₹14.71 Crup to ₹33.05 Cr

IPO Timetable

Srivasavi Adhesive Tapes IPO opens on Feb 23, 2023, while Systango Technologies IPO opens on Mar 02, 2023. The closing date of Srivasavi Adhesive Tapes IPO and Systango Technologies IPO is Feb 28, 2023, and Mar 06, 2023, respectively.

 Srivasavi Adhesive Tapes IPOSystango Technologies IPO
Anchor Bid DateMar 01, 2023
Issue OpenFeb 23, 2023Mar 02, 2023
Issue CloseFeb 28, 2023Mar 06, 2023
Basis Of Allotment (Tentative)Mar 03, 2023Mar 10, 2023
Initiation of Refunds (Tentative)Mar 06, 2023Mar 13, 2023
Credit of Share (Tentative)Mar 08, 2023Mar 14, 2023
Listing date (Tentative)Mar 09, 2023Mar 15, 2023
Anchor Lockin End date 1Apr 09, 2023
Anchor Lockin End date 2Jun 08, 2023

Financials & KPIs

Srivasavi Adhesive Tapes IPO P/E ratio is 16.08, as compared to Systango Technologies IPO P/E ratio of 15.13.

 Srivasavi Adhesive Tapes IPOSystango Technologies IPO
Financials
Srivasavi Adhesive Tapes Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-202,038.864,634.50101.13494.07369.34572.93
31-Mar-212,263.665,566.61187.34681.41556.68395.02
31-Mar-222,763.356,392.19362.121,043.53918.80607.08
30-Sep-223,051.983,072.61180.731,224.25184.84600.06
Amount in ₹ Lakhs
Systango Technologies Limited Financial Information (Restated Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-20744.321,455.31251.88476.81421.81
31-Mar-211,537.572,388.09568.261,045.50775.50
31-Mar-222,288.973,392.10676.991,722.491,452.49
30-Sep-222,732.412,301.30572.302,296.982,026.98
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)99.8497.73
Promoter Shareholding (Post-Issue)73.2171.96
P/E Ratio16.0815.13
Market Cap₹58.11 Cr.₹132.02 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Srivasavi Adhesive Tapes IPO Retail Individual Investors (RII) are offered 17,94,000 shares while in Systango Technologies IPO retail investors are offered 17,94,000 shares. Qualified Institutional Buyers (QIB) are offered in Srivasavi Adhesive Tapes IPO and 7,34,400 shares in Systango Technologies IPO.

 Srivasavi Adhesive Tapes IPOSystango Technologies IPO
Anchor Investor Reserveration10,99,200 shares
Market Maker Reserveration1,92,000 shares1,96,800 shares
QIB7,34,400 shares
NII17,94,000 shares5,52,000 shares
RII17,94,000 shares12,86,400 shares
Employee
Others
Total35,88,000 shares36,72,000 shares

Bids Received (Subscription)

Srivasavi Adhesive Tapes IPO subscribed 7.75x in total, whereas Systango Technologies IPO subscribed 64.99x.

 Srivasavi Adhesive Tapes IPOSystango Technologies IPO
QIB (times)14.10x
NII (times)7.12x230.36x
Big NII (times)
Small NII (times)
RII (times)8.38x66.59x
Employee (times)
Other (times)
Total (times)7.75x64.99x