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Reetech International Cargo IPO vs Swastik Pipe IPO

Comparison between Reetech International Cargo IPO and Swastik Pipe IPO.

IPO Details

Reetech International Cargo IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Swastik Pipe IPO is a SME Bookbuilding proposed to list at NSE SME.

 Reetech International Cargo IPOSwastik Pipe IPO
LogoReetech International Cargo IPO LogoSwastik Pipe IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersGretex Corporate Services Ltd.Corporate Capitalventures Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Skyline Financial Services Pvt.Ltd.
Market MakerGretex Share Broking Pvt.Ltd.SS Corporate Securities Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

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 Swastik Pipe IPO is up to ₹59.38 Cr. The final issue price of Reetech International Cargo IPO is ₹105.00 per share and of Swastik Pipe IPO is ₹100.00 per share.

 Reetech International Cargo IPOSwastik Pipe IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹97.00 per share
Issue Price (Upper)₹100.00 per share
Issue Price (Final)₹105.00 per share₹100.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1200 shares1200 shares
Fresh Issue Size5,41,200 shares59,37,600 shares
Fresh Issue Size (Amount)up to ₹5.68 Crup to ₹59.38 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 shares59,37,600 shares
Issue Size Total (Amount)up to ₹11.11 Crup to ₹59.38 Cr

IPO Timetable

Reetech International Cargo IPO opens on Sep 27, 2022, while Swastik Pipe IPO opens on Sep 29, 2022. The closing date of Reetech International Cargo IPO and Swastik Pipe IPO is Sep 29, 2022, and Oct 03, 2022, respectively.

 Reetech International Cargo IPOSwastik Pipe IPO
Anchor Bid Date
Issue OpenSep 27, 2022Sep 29, 2022
Issue CloseSep 29, 2022Oct 03, 2022
Basis Of Allotment (Tentative)Oct 04, 2022Oct 07, 2022
Initiation of Refunds (Tentative)Oct 06, 2022Oct 10, 2022
Credit of Share (Tentative)Oct 07, 2022Oct 11, 2022
Listing date (Tentative)Oct 10, 2022Oct 12, 2022
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Reetech International Cargo IPO P/E ratio is 10.64, as compared to Swastik Pipe IPO P/E ratio of 11.38.

 Reetech International Cargo IPOSwastik Pipe IPO
Financials
Reetech International Cargo and Courier Ltd Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-20396.1718.9913.98325.06273.21
31-Mar-21877.781842.4130.1365.59313.74
31-Mar-221727.5211689.1417.29801.06749.21
Amount in ₹ Lakhs
Swastik Pipe Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-1935607.6572756.38467.979370.138450.03
31-Mar-2033650.7665807.21-1389.257980.917060.78
31-Mar-2133625.8852383.88148.648129.517209.42
31-Mar-2234127.2161219.772041.1114169.4212471.47
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)99.9988.27
Promoter Shareholding (Post-Issue)73.6264.51
P/E Ratio10.6411.38
Market Cap₹44.39 Cr.₹232.32 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

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

 Reetech International Cargo IPOSwastik Pipe IPO
Anchor Investor Reserveration
Market Maker Reserveration56,400 shares3,14,400 shares
QIB
NII5,29,200 shares29,68,800 shares
RII5,29,200 shares29,68,800 shares
Employee
Others
Total10,58,400 shares59,37,600 shares

Bids Received (Subscription)

Reetech International Cargo IPO subscribed 1.67x in total, whereas Swastik Pipe IPO subscribed 1.35x.

 Reetech International Cargo IPOSwastik Pipe IPO
QIB (times)
NII (times)1.43x1.37x
Big NII (times)
Small NII (times)
RII (times)1.92x1.33x
Employee (times)
Other (times)
Total (times)1.67x1.35x