Earthstahl IPO vs Transvoy Logistics IPO

Comparison between Earthstahl IPO and Transvoy Logistics IPO.

IPO Details

Earthstahl IPO is a SME Fixed Price IPO proposed to list at BSE SME while Transvoy Logistics IPO is a SME Fixed Price proposed to list at BSE SME.

	Earthstahl IPO	Transvoy Logistics IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Fixed Price
Listing At	BSE SME	BSE SME
Lead Managers	Hem Securities Ltd.	Beeline Capital Advisors Pvt.Ltd.
Registrar	Bigshare Services Pvt.Ltd.	MUFG Intime India Pvt.Ltd.
Market Maker	Hem Securities Ltd.	Sunflower Broking Pvt.Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Earthstahl IPO is up to ₹12.29 Cr whereas the issue size of the Transvoy Logistics IPO is up to ₹4.84 Cr. The final issue price of Earthstahl IPO is ₹40.00 per share and of Transvoy Logistics IPO is ₹71.00 per share.

	Earthstahl IPO	Transvoy Logistics IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹38.00 per share
Issue Price (Upper)	₹40.00 per share
Issue Price (Final)	₹40.00 per share	₹71.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	3000 shares	1600 shares
Fresh Issue Size	30,72,000 shares	6,81,600 shares
Fresh Issue Size (Amount)	up to ₹12.29 Cr	up to ₹4.84 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	30,72,000 shares	6,81,600 shares
Issue Size Total (Amount)	up to ₹12.29 Cr	up to ₹4.84 Cr

IPO Timetable

Earthstahl IPO opens on Jan 27, 2023, while Transvoy Logistics IPO opens on Jan 20, 2023. The closing date of Earthstahl IPO and Transvoy Logistics IPO is Jan 31, 2023, and Jan 24, 2023, respectively.

	Earthstahl IPO	Transvoy Logistics IPO
Anchor Bid Date
Issue Open	Jan 27, 2023	Jan 20, 2023
Issue Close	Jan 31, 2023	Jan 24, 2023
Basis Of Allotment (Tentative)	Feb 03, 2023	Jan 30, 2023
Initiation of Refunds (Tentative)	Feb 06, 2023	Jan 31, 2023
Credit of Share (Tentative)	Feb 07, 2023	Feb 01, 2023
Listing date (Tentative)	Feb 08, 2023	Feb 02, 2023
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Earthstahl IPO P/E ratio is 4.22, as compared to Transvoy Logistics IPO P/E ratio of 34.63.

Earthstahl IPO

Transvoy Logistics IPO

Financials

Earthstahl & Alloys Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	2,990.73	3,181.58	-33.49	44.24	200.22	1,733.71
31-Mar-21	2,817.23	2,457.53	267.31	311.55	467.53	1,396.82
31-Mar-22	3,592.61	4,907.54	745.48	1,057.03	1,213.01	1,399.97
30-Sep-22	4,303.34	4,824.68	580.47	1,637.50	1,793.48	1,092.93
Amount in ₹ Lakhs

Transvoy Logistics India Limited Financial Information (Standalone)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	11.48	42.9	1.33	0.06	-0.94	0
31-Mar-21	12.47	62.21	1.18	1.25	0.25	0
31-Mar-22	109.89	503.02	56.69	52.91	56.91	0.97
25-Nov-22	748.23	1048	34.48	229.49	35.19	141.3
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00

97.94

Promoter Shareholding (Post-Issue)

73.53

71.46

P/E Ratio

4.22

34.63

Market Cap

₹48.96 Cr.

₹18.91 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Earthstahl IPO Retail Individual Investors (RII) are offered 10,77,000 shares while in Transvoy Logistics IPO retail investors are offered 10,77,000 shares. Qualified Institutional Buyers (QIB) are offered 9,18,000 shares in Earthstahl IPO and in Transvoy Logistics IPO.

	Earthstahl IPO	Transvoy Logistics IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,68,000 shares	38,400 shares
QIB	9,18,000 shares
NII	10,77,000 shares	3,40,800 shares
RII	10,77,000 shares	3,40,800 shares
Employee
Others
Total	30,72,000 shares	6,81,600 shares

Bids Received (Subscription)

Earthstahl IPO subscribed 235.18x in total, whereas Transvoy Logistics IPO subscribed 184.34x.

	Earthstahl IPO	Transvoy Logistics IPO
QIB (times)	39.83x
NII (times)	445.09x	200.00x
Big NII (times)
Small NII (times)
RII (times)	191.77x	168.67x
Employee (times)
Other (times)
Total (times)	235.18x	184.34x

Compare with others

Earthstahl IPO	Transvoy Logistics IPO
Lead Reclaim IPO	Indong Tea IPO
Indong Tea IPO	Agarwal Float Glass India IPO
Agarwal Float Glass India IPO	Shera Energy IPO
Shera Energy IPO	Gayatri Rubbers IPO
Gayatri Rubbers IPO	Earthstahl IPO
Transvoy Logistics IPO	DHARNI Capital IPO
DHARNI Capital IPO	Aristo Bio-Tech IPO
Aristo Bio-Tech IPO	Ducol Organics IPO
Ducol Organics IPO	Eastern Logica Infoway IPO
Eastern Logica Infoway IPO	Chaman Metallics IPO