Olatech Solutions IPO vs Upsurge Seeds of Agriculture IPO

Comparison between Olatech Solutions IPO and Upsurge Seeds of Agriculture IPO.

IPO Details

Olatech Solutions IPO is a SME Fixed Price IPO proposed to list at BSE SME while Upsurge Seeds of Agriculture IPO is a SME Fixed Price proposed to list at NSE SME.

Issue Size and Price

The total issue size of Olatech Solutions IPO is up to ₹1.77 Cr whereas the issue size of the Upsurge Seeds of Agriculture IPO is up to ₹21.66 Cr. The final issue price of Olatech Solutions IPO is ₹27.00 per share and of Upsurge Seeds of Agriculture IPO is ₹120.00 per share.

 Olatech Solutions IPOUpsurge Seeds of Agriculture IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹27.00 per share₹120.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size4000 shares1200 shares
Fresh Issue Size6,56,000 shares18,04,800 shares
Fresh Issue Size (Amount)up to ₹1.77 Crup to ₹21.66 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total6,56,000 shares18,04,800 shares
Issue Size Total (Amount)up to ₹1.77 Crup to ₹21.66 Cr

IPO Timetable

Olatech Solutions IPO opens on Aug 12, 2022, while Upsurge Seeds of Agriculture IPO opens on Jul 29, 2022. The closing date of Olatech Solutions IPO and Upsurge Seeds of Agriculture IPO is Aug 19, 2022, and Aug 02, 2022, respectively.

 Olatech Solutions IPOUpsurge Seeds of Agriculture IPO
Issue OpenAug 12, 2022Jul 29, 2022
Issue CloseAug 19, 2022Aug 02, 2022
Basis Of Allotment (Tentative)Aug 24, 2022Aug 05, 2022
Initiation of Refunds (Tentative)Aug 25, 2022Aug 08, 2022
Credit of Share (Tentative)Aug 26, 2022Aug 10, 2022
Listing date (Tentative)Aug 29, 2022Aug 11, 2022

Financials & KPIs

Olatech Solutions IPO P/E ratio is 18, as compared to Upsurge Seeds of Agriculture IPO P/E ratio of 21.35.

 Olatech Solutions IPOUpsurge Seeds of Agriculture IPO
Financials

Company Financials (Restated)

Period Ended31 Mar 202231 Mar 202131 Mar 202031 Mar 2019
Assets2.301.491.890.71
Total Income2.625.498.350.74
Profit After Tax0.350.120.520.10
NET Worth1.641.291.170.65
Reserves and Surplus1.641.281.160.64
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Mar 202231 Mar 202131 Mar 2020
Assets40.8718.128.35
Total Income75.7762.9017.64
Profit After Tax3.960.850.22
NET Worth11.193.240.92
Reserves and Surplus6.031.270.42
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)92%96.92%
Promoter Shareholding (Post-Issue)64.48%70.82%
P/E Ratio1821.35
Market Cap₹6.32 Cr.₹84.72 Cr.
ROE23.8535.42
ROCE21.3136.45
Debt/Equity0.16
EPS₹2.13₹9.79
RoNW21.3135.42

Shares Offered

In the Olatech Solutions IPO Retail Individual Investors (RII) are offered 3,28,000 shares while in Upsurge Seeds of Agriculture IPO retail investors are offered 3,28,000 shares. Qualified Institutional Buyers (QIB) are offered in Olatech Solutions IPO and in Upsurge Seeds of Agriculture IPO.

 Olatech Solutions IPOUpsurge Seeds of Agriculture IPO
Market Maker Reservation44,000 shares96,000 shares
NII3,28,000 shares9,02,400 shares
RII3,28,000 shares9,02,400 shares
Total6,56,000 shares18,04,800 shares

Bids Received (Subscription)

Olatech Solutions IPO subscribed 598.82x in total, whereas Upsurge Seeds of Agriculture IPO subscribed 80.50x.

 Olatech Solutions IPOUpsurge Seeds of Agriculture IPO
NII (times)517.71x101.70x
RII (times)679.94x59.29x
Total (times)598.82x80.50x

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