Frog Cellsat IPO vs Technopack Polymers IPO

Comparison between Frog Cellsat IPO and Technopack Polymers IPO.

IPO Details

Frog Cellsat IPO is a SME Fixed Price IPO proposed to list at NSE SME while Technopack Polymers IPO is a SME Fixed Price proposed to list at BSE SME.

	Frog Cellsat IPO	Technopack Polymers IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Fixed Price
Listing At	NSE SME	BSE SME
Lead Managers	Sarthi Capital Advisors Pvt.Ltd.	ISK Advisors Pvt.Ltd.
Registrar	Skyline Financial Services Pvt.Ltd.	Bigshare Services Pvt.Ltd.
Market Maker	SS Corporate Securities Ltd.	Sunflower Broking Pvt.Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Frog Cellsat IPO is up to ₹39.49 Cr whereas the issue size of the Technopack Polymers IPO is up to ₹7.47 Cr. The final issue price of Frog Cellsat IPO is ₹102.00 per share and of Technopack Polymers IPO is ₹55.00 per share.

	Frog Cellsat IPO	Technopack Polymers IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹97.00 per share
Issue Price (Upper)	₹102.00 per share
Issue Price (Final)	₹102.00 per share	₹55.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	1200 shares	2000 shares
Fresh Issue Size	38,71,200 shares	13,58,500 shares
Fresh Issue Size (Amount)	up to ₹39.49 Cr	up to ₹7.47 Cr
OFS Issue Size	0 shares	0 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹0.00 Cr
Issue Size Total	38,71,200 shares	13,58,500 shares
Issue Size Total (Amount)	up to ₹39.49 Cr	up to ₹7.47 Cr

IPO Timetable

Frog Cellsat IPO opens on Sep 29, 2022, while Technopack Polymers IPO opens on Nov 02, 2022. The closing date of Frog Cellsat IPO and Technopack Polymers IPO is Oct 04, 2022, and Nov 07, 2022, respectively.

	Frog Cellsat IPO	Technopack Polymers IPO
Anchor Bid Date	Sep 28, 2022
Issue Open	Sep 29, 2022	Nov 02, 2022
Issue Close	Oct 04, 2022	Nov 07, 2022
Basis Of Allotment (Tentative)	Oct 10, 2022	Nov 11, 2022
Initiation of Refunds (Tentative)	Oct 11, 2022	Nov 14, 2022
Credit of Share (Tentative)	Oct 12, 2022	Nov 15, 2022
Listing date (Tentative)	Oct 13, 2022	Nov 16, 2022
Anchor Lockin End date 1	Nov 09, 2022
Anchor Lockin End date 2	Jan 08, 2023

Financials & KPIs

Frog Cellsat IPO P/E ratio is 10.93, as compared to Technopack Polymers IPO P/E ratio of 10.54.

Frog Cellsat IPO

Technopack Polymers IPO

Financials

Frog Cellsat Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	8728.53	8850.61	139.12	4531.79	4526.79
31-Mar-21	9285.27	12939.84	1425.76	5957.55	5952.55
31-Mar-22	9724.63	13529.24	1433.76	6896.18	6891.18
Amount in ₹ Lakhs

Technopack Polymers Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	357.87	355.27	3.8	97.63	-2.37	257.36
31-Mar-21	585.73	615.74	1.91	99.54	-0.46	328.98
31-Mar-22	926.29	1002.87	210.83	300.37	200.37	270.78
31-Jul-22	1183.82	482.1	93.94	779.31	382.31	160.56
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.99

100

Promoter Shareholding (Post-Issue)

73.49

73.51

P/E Ratio

10.93

10.54

Market Cap

₹156.83 Cr.

₹29.70 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Frog Cellsat IPO Retail Individual Investors (RII) are offered 13,56,000 shares while in Technopack Polymers IPO retail investors are offered 13,56,000 shares. Qualified Institutional Buyers (QIB) are offered 7,75,200 shares in Frog Cellsat IPO and in Technopack Polymers IPO.

	Frog Cellsat IPO	Technopack Polymers IPO
Anchor Investor Reserveration	11,59,200 shares
Market Maker Reserveration	2,04,000 shares	71,500 shares
QIB	7,75,200 shares
NII	5,80,800 shares	6,79,250 shares
RII	13,56,000 shares	6,79,250 shares
Employee
Others
Total	38,71,200 shares	13,58,500 shares

Bids Received (Subscription)

Frog Cellsat IPO subscribed 21.06x in total, whereas Technopack Polymers IPO subscribed 19.81x.

	Frog Cellsat IPO	Technopack Polymers IPO
QIB (times)	5.36x
NII (times)	70.94x	19.82x
Big NII (times)
Small NII (times)
RII (times)	22.10x	19.81x
Employee (times)
Other (times)
Total (times)	21.06x	19.81x

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