Swastik Pipe IPO vs Vital Chemtech IPO

Comparison between Swastik Pipe IPO and Vital Chemtech IPO.

IPO Details

Swastik Pipe IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Vital Chemtech IPO is a SME Bookbuilding proposed to list at NSE SME.

	Swastik Pipe IPO	Vital Chemtech IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	NSE SME	NSE SME
Lead Managers	Corporate Capitalventures Pvt.Ltd.	Beeline Capital Advisors Pvt.Ltd.
Registrar	Skyline Financial Services Pvt.Ltd.	Skyline Financial Services Pvt.Ltd.
Market Maker	SS Corporate Securities Ltd.	Sunflower Broking Pvt.Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Swastik Pipe IPO is up to ₹59.38 Cr whereas the issue size of the Vital Chemtech IPO is up to ₹61.40 Cr. The final issue price of Swastik Pipe IPO is ₹100.00 per share and of Vital Chemtech IPO is ₹101.00 per share.

	Swastik Pipe IPO	Vital Chemtech IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹97.00 per share	₹95.00 per share
Issue Price (Upper)	₹100.00 per share	₹101.00 per share
Issue Price (Final)	₹100.00 per share	₹101.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	1200 shares	1200 shares
Fresh Issue Size	59,37,600 shares	60,79,200 shares
Fresh Issue Size (Amount)	up to ₹59.38 Cr	up to ₹61.40 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	59,37,600 shares	60,79,200 shares
Issue Size Total (Amount)	up to ₹59.38 Cr	up to ₹61.40 Cr

IPO Timetable

Swastik Pipe IPO opens on Sep 29, 2022, while Vital Chemtech IPO opens on Oct 31, 2022. The closing date of Swastik Pipe IPO and Vital Chemtech IPO is Oct 03, 2022, and Nov 03, 2022, respectively.

	Swastik Pipe IPO	Vital Chemtech IPO
Anchor Bid Date		Oct 30, 2022
Issue Open	Sep 29, 2022	Oct 31, 2022
Issue Close	Oct 03, 2022	Nov 03, 2022
Basis Of Allotment (Tentative)	Oct 07, 2022	Nov 09, 2022
Initiation of Refunds (Tentative)	Oct 10, 2022	Nov 10, 2022
Credit of Share (Tentative)	Oct 11, 2022	Nov 11, 2022
Listing date (Tentative)	Oct 12, 2022	Nov 14, 2022
Anchor Lockin End date 1		Dec 09, 2022
Anchor Lockin End date 2		Feb 07, 2023

Financials & KPIs

Swastik Pipe IPO P/E ratio is 11.38, as compared to Vital Chemtech IPO P/E ratio of 14.94.

Swastik Pipe IPO

Vital Chemtech IPO

Financials

Swastik Pipe Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-19	35607.65	72756.38	467.97	9370.13	8450.03
31-Mar-20	33650.76	65807.21	-1389.25	7980.91	7060.78
31-Mar-21	33625.88	52383.88	148.64	8129.51	7209.42
31-Mar-22	34127.21	61219.77	2041.11	14169.42	12471.47
Amount in ₹ Lakhs

Vital Chemtech Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	2318.61	4161.24	105.38	303.75	0	953.91
31-Mar-21	3041.34	4768.46	293.78	597.52	0	1005.86
24-Nov-21	6408.9	8604.27	784.5	672.06	0	1636.22
31-Mar-22	8093.71	5786.96	670.94	1337.32	670.94	3500.09
30-Apr-22	8991.92	1080.07	135.18	1472.5	806.12	3418.84
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

88.27

99.99

Promoter Shareholding (Post-Issue)

64.51

P/E Ratio

11.38

14.94

Market Cap

₹232.32 Cr.

₹241.91 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Swastik Pipe IPO Retail Individual Investors (RII) are offered 29,68,800 shares while in Vital Chemtech IPO retail investors are offered 29,68,800 shares. Qualified Institutional Buyers (QIB) are offered in Swastik Pipe IPO and 12,19,200 shares in Vital Chemtech IPO.

	Swastik Pipe IPO	Vital Chemtech IPO
Anchor Investor Reserveration		18,18,000 shares
Market Maker Reserveration	3,14,400 shares	3,20,400 shares
QIB		12,19,200 shares
NII	29,68,800 shares	9,12,000 shares
RII	29,68,800 shares	21,30,000 shares
Employee
Others
Total	59,37,600 shares	60,79,200 shares

Bids Received (Subscription)

Swastik Pipe IPO subscribed 1.35x in total, whereas Vital Chemtech IPO subscribed 79.33x.

	Swastik Pipe IPO	Vital Chemtech IPO
QIB (times)		15.48x
NII (times)	1.37x	204.05x
Big NII (times)
Small NII (times)
RII (times)	1.33x	116.98x
Employee (times)
Other (times)
Total (times)	1.35x	79.33x

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