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Rhetan TMT IPO vs Upsurge Seeds of Agriculture IPO

Comparison between Rhetan TMT IPO and Upsurge Seeds of Agriculture IPO.

IPO Details

Rhetan TMT 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.

 Rhetan TMT IPOUpsurge Seeds of Agriculture IPO
LogoRhetan TMT IPO LogoUpsurge Seeds of Agriculture IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMENSE SME
Lead ManagersAryaman Financial Services Ltd.Finshore Management Services Ltd.
RegistrarBigshare Services Pvt.Ltd.MUFG Intime India Pvt.Ltd.
Market MakerAryaman Capital Markets Ltd.Nikunj Stock Brokers Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Rhetan TMT IPO is up to ₹53.09 Cr whereas the issue size of the Upsurge Seeds of Agriculture IPO is up to ₹21.66 Cr. The final issue price of Rhetan TMT IPO is ₹70.00 per share and of Upsurge Seeds of Agriculture IPO is ₹120.00 per share.

 Rhetan TMT IPOUpsurge Seeds of Agriculture IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹70.00 per share₹120.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares1200 shares
Fresh Issue Size75,84,000 shares18,04,800 shares
Fresh Issue Size (Amount)up to ₹53.09 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 Total75,84,000 shares18,04,800 shares
Issue Size Total (Amount)up to ₹53.09 Crup to ₹21.66 Cr

IPO Timetable

Rhetan TMT IPO opens on Aug 22, 2022, while Upsurge Seeds of Agriculture IPO opens on Jul 29, 2022. The closing date of Rhetan TMT IPO and Upsurge Seeds of Agriculture IPO is Aug 25, 2022, and Aug 02, 2022, respectively.

 Rhetan TMT IPOUpsurge Seeds of Agriculture IPO
Anchor Bid Date
Issue OpenAug 22, 2022Jul 29, 2022
Issue CloseAug 25, 2022Aug 02, 2022
Basis Of Allotment (Tentative)Aug 30, 2022Aug 05, 2022
Initiation of Refunds (Tentative)Sep 01, 2022Aug 08, 2022
Credit of Share (Tentative)Sep 02, 2022Aug 10, 2022
Listing date (Tentative)Sep 05, 2022Aug 11, 2022
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Rhetan TMT IPO P/E ratio is 63.64, as compared to Upsurge Seeds of Agriculture IPO P/E ratio of 21.35.

 Rhetan TMT IPOUpsurge Seeds of Agriculture IPO
Financials
Rhetan TMT Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-203046.862008.26-58.0430.21-311.65
31-Mar-213980.655213.0113.44783.65-298.21
31-Mar-225900.066703.45234.572313.211046.35
Amount in ₹ Lakhs
Upsurge Seeds of Agriculture Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-20835.391763.7321.9292.1442.14
31-Mar-211811.86290.3185.31324.45127.45
31-Mar-224087.497577.15396.441119.3603.4
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)99.6296.92
Promoter Shareholding (Post-Issue)62.1270.82
P/E Ratio63.6421.35
Market Cap₹148.75 Cr.₹84.72 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Rhetan TMT IPO Retail Individual Investors (RII) are offered 37,92,000 shares while in Upsurge Seeds of Agriculture IPO retail investors are offered 37,92,000 shares. Qualified Institutional Buyers (QIB) are offered in Rhetan TMT IPO and in Upsurge Seeds of Agriculture IPO.

 Rhetan TMT IPOUpsurge Seeds of Agriculture IPO
Anchor Investor Reserveration
Market Maker Reserveration4,16,000 shares96,000 shares
QIB
NII37,92,000 shares9,02,400 shares
RII37,92,000 shares9,02,400 shares
Employee
Others
Total75,84,000 shares18,04,800 shares

Bids Received (Subscription)

Rhetan TMT IPO subscribed 1.47x in total, whereas Upsurge Seeds of Agriculture IPO subscribed 80.50x.

 Rhetan TMT IPOUpsurge Seeds of Agriculture IPO
QIB (times)
NII (times)2.18x101.70x
Big NII (times)
Small NII (times)
RII (times)0.76x59.29x
Employee (times)
Other (times)
Total (times)1.47x80.50x