Comparison between Steelman Telecom IPO and Swastik Pipe IPO.
Steelman Telecom 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.
| Steelman Telecom IPO | Swastik Pipe IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Bookbuilding |
| Listing At | BSE SME | NSE SME |
| Lead Managers | Gretex Corporate Services Ltd. | Corporate Capitalventures Pvt.Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | Skyline Financial Services Pvt.Ltd. |
| Market Maker | Gretex Share Broking Pvt.Ltd. | SS Corporate Securities Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | ||
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Steelman Telecom IPO is up to ₹24.72 Cr whereas the issue size of the Swastik Pipe IPO is up to ₹59.38 Cr. The final issue price of Steelman Telecom IPO is ₹96.00 per share and of Swastik Pipe IPO is ₹100.00 per share.
| Steelman Telecom IPO | Swastik 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) | ₹96.00 per share | ₹100.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 1200 shares | 1200 shares |
| Fresh Issue Size | 17,61,600 shares | 59,37,600 shares |
| Fresh Issue Size (Amount) | up to ₹16.91 Cr | up to ₹59.38 Cr |
| OFS Issue Size | 8,13,600 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹7.81 Cr | up to ₹0.00 Cr |
| Issue Size Total | 25,75,200 shares | 59,37,600 shares |
| Issue Size Total (Amount) | up to ₹24.72 Cr | up to ₹59.38 Cr |
Steelman Telecom IPO opens on Sep 26, 2022, while Swastik Pipe IPO opens on Sep 29, 2022. The closing date of Steelman Telecom IPO and Swastik Pipe IPO is Sep 29, 2022, and Oct 03, 2022, respectively.
| Steelman Telecom IPO | Swastik Pipe IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Sep 26, 2022 | Sep 29, 2022 |
| Issue Close | Sep 29, 2022 | Oct 03, 2022 |
| Basis Of Allotment (Tentative) | Oct 07, 2022 | Oct 07, 2022 |
| Initiation of Refunds (Tentative) | Oct 10, 2022 | Oct 10, 2022 |
| Credit of Share (Tentative) | Oct 10, 2022 | Oct 11, 2022 |
| Listing date (Tentative) | Oct 10, 2022 | Oct 12, 2022 |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
Steelman Telecom IPO P/E ratio is 23.41, as compared to Swastik Pipe IPO P/E ratio of 11.38.
| Steelman Telecom IPO | Swastik Pipe IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated)
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 100 | 88.27 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 71.98 | 64.51 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 23.41 | 11.38 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹92.89 Cr. | ₹232.32 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 29.49 | 14 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 35.78 | 12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.97 | 0.80 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹5.23 | ₹14.19 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 25.74 | 14.41 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Steelman Telecom IPO Retail Individual Investors (RII) are offered 9,02,400 shares while in Swastik Pipe IPO retail investors are offered 9,02,400 shares. Qualified Institutional Buyers (QIB) are offered in Steelman Telecom IPO and in Swastik Pipe IPO.
| Steelman Telecom IPO | Swastik Pipe IPO | |
|---|---|---|
| Anchor Investor Reservation | ||
| Market Maker Reservation | 1,35,600 shares | 3,14,400 shares |
| QIB | ||
| NII | 16,72,800 shares | 29,68,800 shares |
| RII | 9,02,400 shares | 29,68,800 shares |
| Employee | ||
| Others | ||
| Total | 25,75,200 shares | 59,37,600 shares |
Steelman Telecom IPO subscribed 22.40x in total, whereas Swastik Pipe IPO subscribed 1.35x.
| Steelman Telecom IPO | Swastik Pipe IPO | |
|---|---|---|
| QIB (times) | 7.78x | |
| NII (times) | 70.09x | 1.37x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 22.82x | 1.33x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 22.40x | 1.35x |
