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Rite Zone Chemcon IPO vs Technopack Polymers IPO

Comparison between Rite Zone Chemcon IPO and Technopack Polymers IPO.

IPO Details

Rite Zone Chemcon 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.

 Rite Zone Chemcon IPOTechnopack Polymers IPO
LogoRite Zone Chemcon IPO LogoTechnopack Polymers IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersExpert Global Consultants Pvt.Ltd.ISK Advisors Pvt.Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerRikhav Securities Ltd.Sunflower Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Rite Zone Chemcon IPO is up to ₹8.51 Cr whereas the issue size of the Technopack Polymers IPO is up to ₹7.47 Cr. The final issue price of Rite Zone Chemcon IPO is ₹75.00 per share and of Technopack Polymers IPO is ₹55.00 per share.

 Rite Zone Chemcon IPOTechnopack Polymers IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹75.00 per share₹55.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares2000 shares
Fresh Issue Size11,34,400 shares13,58,500 shares
Fresh Issue Size (Amount)up to ₹8.51 Crup to ₹7.47 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total11,34,400 shares13,58,500 shares
Issue Size Total (Amount)up to ₹8.51 Crup to ₹7.47 Cr

IPO Timetable

Rite Zone Chemcon IPO opens on Oct 31, 2022, while Technopack Polymers IPO opens on Nov 02, 2022. The closing date of Rite Zone Chemcon IPO and Technopack Polymers IPO is Nov 02, 2022, and Nov 07, 2022, respectively.

 Rite Zone Chemcon IPOTechnopack Polymers IPO
Anchor Bid Date
Issue OpenOct 31, 2022Nov 02, 2022
Issue CloseNov 02, 2022Nov 07, 2022
Basis Of Allotment (Tentative)Nov 07, 2022Nov 11, 2022
Initiation of Refunds (Tentative)Nov 09, 2022Nov 14, 2022
Credit of Share (Tentative)Nov 10, 2022Nov 15, 2022
Listing date (Tentative)Nov 11, 2022Nov 16, 2022
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Rite Zone Chemcon IPO P/E ratio is 90.36, as compared to Technopack Polymers IPO P/E ratio of 10.54.

 Rite Zone Chemcon IPOTechnopack Polymers IPO
Financials
Rite Zone Chemcon India Ltd Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20666.83574.7715.8962.5361.53258.12
31-Mar-21677.87384.210.6963.2662.26329.3
31-Mar-221039.27565.7326.21502.36198.86106.24
30-Sep-221240.921036.3417.48519.85216.3497.36
Amount in ₹ Lakhs
Technopack Polymers Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20357.87355.273.897.63-2.37257.36
31-Mar-21585.73615.741.9199.54-0.46328.98
31-Mar-22926.291002.87210.83300.37200.37270.78
31-Jul-221183.82482.193.94779.31382.31160.56
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)58.39100
Promoter Shareholding (Post-Issue)73.51
P/E Ratio90.3610.54
Market Cap₹31.73 Cr.₹29.70 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Rite Zone Chemcon IPO Retail Individual Investors (RII) are offered 5,68,000 shares while in Technopack Polymers IPO retail investors are offered 5,68,000 shares. Qualified Institutional Buyers (QIB) are offered in Rite Zone Chemcon IPO and in Technopack Polymers IPO.

 Rite Zone Chemcon IPOTechnopack Polymers IPO
Anchor Investor Reserveration
Market Maker Reserveration60,800 shares71,500 shares
QIB
NII5,66,400 shares6,79,250 shares
RII5,68,000 shares6,79,250 shares
Employee
Others
Total11,34,400 shares13,58,500 shares

Bids Received (Subscription)

Rite Zone Chemcon IPO subscribed 4.73x in total, whereas Technopack Polymers IPO subscribed 19.81x.

 Rite Zone Chemcon IPOTechnopack Polymers IPO
QIB (times)
NII (times)2.36x19.82x
Big NII (times)
Small NII (times)
RII (times)7.10x19.81x
Employee (times)
Other (times)
Total (times)4.73x19.81x