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.

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 IPOTransvoy 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
Market Lot Size3000 shares1600 shares
Fresh Issue Size30,72,000 shares6,81,600 shares
Fresh Issue Size (Amount)up to ₹12.29 Crup to ₹4.84 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total30,72,000 shares6,81,600 shares
Issue Size Total (Amount)up to ₹12.29 Crup 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 IPOTransvoy Logistics IPO
Issue OpenJan 27, 2023Jan 20, 2023
Issue CloseJan 31, 2023Jan 24, 2023
Basis Of Allotment (Tentative)Feb 03, 2023Jan 30, 2023
Initiation of Refunds (Tentative)Feb 06, 2023Jan 31, 2023
Credit of Share (Tentative)Feb 07, 2023Feb 01, 2023
Listing date (Tentative)Feb 08, 2023Feb 02, 2023

Financials & KPIs

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

 Earthstahl IPOTransvoy Logistics IPO
Financials

Company Financials (Restated)

Period Ended30 Sep 202231 Mar 202231 Mar 202131 Mar 2020
Assets43.0335.9328.1729.91
Total Income48.2549.0824.5831.82
Profit After Tax5.807.452.67-0.33
NET Worth16.3810.573.120.44
Reserves and Surplus17.9312.134.682.00
Total Borrowing10.9314.0013.9717.34
Amount in ₹ Crore

Company Financials (Restated Standalone)

Period Ended25 Nov 202231 Mar 202231 Mar 202131 Mar 2020
Assets7.481.100.120.11
Total Income10.485.030.620.43
Profit After Tax0.340.570.010.01
NET Worth2.290.530.010.00
Reserves and Surplus0.350.570.00-0.01
Total Borrowing1.410.010.000.00
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100%97.94%
Promoter Shareholding (Post-Issue)73.53%71.46%
P/E Ratio4.2234.63
Market Cap₹48.96 Cr.₹18.91 Cr.
ROE65.3856.69
ROCE37.4156.69
Debt/Equity0.930.97
EPS₹8.28₹10.31
RoNW70.53107.15

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 IPOTransvoy Logistics IPO
Market Maker Reservation1,68,000 shares38,400 shares
QIB9,18,000 shares
NII10,77,000 shares3,40,800 shares
RII10,77,000 shares3,40,800 shares
Total30,72,000 shares6,81,600 shares

Bids Received (Subscription)

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

 Earthstahl IPOTransvoy Logistics IPO
QIB (times)39.83x
NII (times)445.09x200.00x
RII (times)191.77x168.67x
Total (times)235.18x184.34x

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