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Solvex Edibles IPO vs Turtle Infratrade IPO

Comparison between Solvex Edibles IPO and Turtle Infratrade IPO.

IPO Details

Solvex Edibles IPO is a SME Fixed Price IPO proposed to list at BSE SME while Turtle Infratrade IPO is a SME Fixed Price proposed to list at BSE SME.

 Solvex Edibles IPOTurtle Infratrade IPO
LogoSolvex Edibles IPO LogoTurtle Infratrade IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMEBSE SME
Lead ManagersCorporate Makers Capital Ltd.Inventure Merchant Banker Services Pvt.Ltd.
RegistrarMaashitla Securities Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market Maker
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URL

Issue Size and Price

The total issue size of Solvex Edibles IPO is up to ₹0.00 Cr whereas the issue size of the Turtle Infratrade IPO is up to ₹10.80 Cr. The final issue price of Solvex Edibles IPO is and of Turtle Infratrade IPO is ₹40.00 per share.

 Solvex Edibles IPOTurtle Infratrade IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹40.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size3000 shares
Fresh Issue Size26,50,000 shares27,00,000 shares
Fresh Issue Size (Amount)up to ₹0.00 Crup to ₹10.80 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total26,50,000 shares27,00,000 shares
Issue Size Total (Amount)up to ₹0.00 Crup to ₹10.80 Cr

IPO Timetable

Solvex Edibles IPO opens on , while Turtle Infratrade IPO opens on . The closing date of Solvex Edibles IPO and Turtle Infratrade IPO is , and , respectively.

 Solvex Edibles IPOTurtle Infratrade IPO
Anchor Bid Date
Issue Open
Issue Close
Basis Of Allotment (Tentative)
Initiation of Refunds (Tentative)
Credit of Share (Tentative)
Listing date (Tentative)
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Solvex Edibles IPO P/E ratio is , as compared to Turtle Infratrade IPO P/E ratio of 5.4.

 Solvex Edibles IPOTurtle Infratrade IPO
Financials

Solvex Edibles Limited Financial Information (Restated Consolidated)

Period Ended31 Aug 202431 Mar 2024
Assets83.3889.36
Total Income45.8771.94
Profit After Tax0.921.01
Net Worth16.9514.32
Reserves and Surplus10.6710.94
Total Borrowing49.6555.66
Amount in ₹ Crore

Turtle Infratrade Limited Financial Information (Restated Consolidated)

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets29.3933.3847.9434.6
Total Income50.58178.64125.38246.21
Profit After Tax0.695.571.322.97
Net Worth13.3912.697.166.19
Reserves and Surplus5.8712.376.835.86
Total Borrowing3.37.3710.1213.92
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100.00100.00
Promoter Shareholding (Post-Issue)73.58
P/E Ratio5.4
Market Cap₹40.88 Cr.
ROE43.89%
ROCE27.77%
Debt/Equity
EPS₹7.41
RoNW7.05%43.89%

Shares Offered

In the Solvex Edibles IPO Retail Individual Investors (RII) are offered while in Turtle Infratrade IPO retail investors are offered . Qualified Institutional Buyers (QIB) are offered in Solvex Edibles IPO and in Turtle Infratrade IPO.

 Solvex Edibles IPOTurtle Infratrade IPO
Anchor Investor Reserveration
Market Maker Reserveration1,38,000 shares
QIB
NII
RII
Employee
Others
Total

Bids Received (Subscription)

Solvex Edibles IPO subscribed in total, whereas Turtle Infratrade IPO subscribed .

 Solvex Edibles IPOTurtle Infratrade IPO
QIB (times)
NII (times)
Big NII (times)
Small NII (times)
RII (times)
Employee (times)
Other (times)
Total (times)