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Italian Edibles IPO vs Wise Travel IPO

Comparison between Italian Edibles IPO and Wise Travel IPO.

IPO Details

Italian Edibles IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Wise Travel IPO is a SME Bookbuilding proposed to list at NSE SME.

 Italian Edibles IPOWise Travel IPO
LogoItalian Edibles IPO LogoWise Travel IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersFirst Overseas Capital Ltd.Share India Capital Services Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Beetal Financial & Computer Services Pvt.Ltd.
Market MakerNikunj Stock Brokers Ltd.Share India Securities Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Italian Edibles IPO is up to ₹25.30 Cr whereas the issue size of the Wise Travel IPO is up to ₹88.24 Cr. The final issue price of Italian Edibles IPO is ₹68.00 per share and of Wise Travel IPO is ₹147.00 per share.

 Italian Edibles IPOWise Travel IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹140.00 per share
Issue Price (Upper)₹147.00 per share
Issue Price (Final)₹68.00 per share₹147.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)₹0.00 per share
Market Lot Size2000 shares1000 shares
Fresh Issue Size37,20,000 shares60,03,000 shares
Fresh Issue Size (Amount)up to ₹25.30 Crup to ₹88.24 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total37,20,000 shares60,03,000 shares
Issue Size Total (Amount)up to ₹25.30 Crup to ₹88.24 Cr

IPO Timetable

Italian Edibles IPO opens on Feb 02, 2024, while Wise Travel IPO opens on Feb 12, 2024. The closing date of Italian Edibles IPO and Wise Travel IPO is Feb 07, 2024, and Feb 14, 2024, respectively.

 Italian Edibles IPOWise Travel IPO
Anchor Bid DateFeb 09, 2024
Issue OpenFeb 02, 2024Feb 12, 2024
Issue CloseFeb 07, 2024Feb 14, 2024
Basis Of Allotment (Tentative)Feb 08, 2024Feb 15, 2024
Initiation of Refunds (Tentative)Feb 09, 2024Feb 16, 2024
Credit of Share (Tentative)Feb 09, 2024Feb 16, 2024
Listing date (Tentative)Feb 12, 2024Feb 19, 2024
Anchor Lockin End date 1Mar 16, 2024
Anchor Lockin End date 2May 15, 2024

Financials & KPIs

Italian Edibles IPO P/E ratio is 27.94, as compared to Wise Travel IPO P/E ratio of 24.81.

 Italian Edibles IPOWise Travel IPO
Financials

Italian Edibles Limited Financial Information (Restated)

Italian Edibles Limited's revenue decreased by -16.1% and profit after tax (PAT) rose by 229.4% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Aug 202331 Mar 202331 Mar 202231 Mar 2021
Assets4,824.644,155.243,905.453,946.43
Total Income3,052.166,330.097,545.254,899.44
Profit After Tax209.68264.2180.2186.52
Net Worth1,287.921,078.24814.03583.82
Reserves and Surplus202.21906.82642.60433.82
Amount in ₹ Lakhs

Wise Travel India Limited Financial Information (Restated)

Wise Travel India Limited's revenue increased by 178.67% and profit after tax (PAT) rose by 172.5% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets13,427.8212,161.216,002.645,271.17
Total Income19,016.5324,997.048,970.004,405.51
Profit After Tax1,132.911,029.36377.74172.85
Net Worth5,194.364,061.452,832.102,454.36
Reserves and Surplus3,457.283,745.622,537.102,159.36
Total Borrowing1,627.551,674.50216.3256.59
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)100.0095.63
Promoter Shareholding (Post-Issue)73.4769.76
P/E Ratio27.9424.81
Market Cap₹100.48 Cr.₹350.03 Cr.
ROE24.50%29.79%
ROCE19.32%22.90%
Debt/Equity1.600.65
EPS₹2.43₹5.91
RoNW24.50%25.28%

Shares Offered

In the Italian Edibles IPO Retail Individual Investors (RII) are offered 18,60,000 shares while in Wise Travel IPO retail investors are offered 18,60,000 shares. Qualified Institutional Buyers (QIB) are offered in Italian Edibles IPO and 11,91,000 shares in Wise Travel IPO.

 Italian Edibles IPOWise Travel IPO
Anchor Investor Reserveration17,85,000 shares
Market Maker Reserveration2,00,000 shares4,38,000 shares
QIB11,91,000 shares
NII18,60,000 shares8,94,000 shares
RII18,60,000 shares20,84,000 shares
Employee49,000 shares
Others
Total37,20,000 shares60,03,000 shares

Bids Received (Subscription)

Italian Edibles IPO subscribed 154.43x in total, whereas Wise Travel IPO subscribed 163.46x.

 Italian Edibles IPOWise Travel IPO
QIB (times)106.69x
NII (times)177.37x375.56x
Big NII (times)
Small NII (times)
RII (times)120.62x108.76x
Employee (times)
Other (times)
Total (times)154.43x163.46x