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Shri Techtex IPO vs Zeal Global Services IPO

Comparison between Shri Techtex IPO and Zeal Global Services IPO.

IPO Details

Shri Techtex IPO is a SME Fixed Price IPO proposed to list at NSE SME while Zeal Global Services IPO is a SME Fixed Price proposed to list at NSE SME.

 Shri Techtex IPOZeal Global Services IPO
LogoShri Techtex IPO LogoZeal Global Services IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMENSE SME
Lead ManagersBeeline Capital Advisors Pvt.Ltd.Expert Global Consultants Pvt.Ltd.
RegistrarMUFG Intime India Pvt.Ltd.Skyline Financial Services Pvt.Ltd.
Market MakerSunflower Broking Pvt.Ltd.Rikhav 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 Shri Techtex IPO is up to ₹42.87 Cr whereas the issue size of the Zeal Global Services IPO is up to ₹34.63 Cr. The final issue price of Shri Techtex IPO is ₹61.00 per share and of Zeal Global Services IPO is ₹103.00 per share.

 Shri Techtex IPOZeal Global Services IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹54.00 per share
Issue Price (Upper)₹61.00 per share
Issue Price (Final)₹61.00 per share₹103.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares1200 shares
Fresh Issue Size70,28,000 shares33,62,400 shares
Fresh Issue Size (Amount)up to ₹42.87 Crup to ₹34.63 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total70,28,000 shares33,62,400 shares
Issue Size Total (Amount)up to ₹42.87 Crup to ₹34.63 Cr

IPO Timetable

Shri Techtex IPO opens on Jul 26, 2023, while Zeal Global Services IPO opens on Jul 28, 2023. The closing date of Shri Techtex IPO and Zeal Global Services IPO is Jul 28, 2023, and Aug 01, 2023, respectively.

 Shri Techtex IPOZeal Global Services IPO
Anchor Bid DateJul 25, 2023
Issue OpenJul 26, 2023Jul 28, 2023
Issue CloseJul 28, 2023Aug 01, 2023
Basis Of Allotment (Tentative)Aug 02, 2023Aug 04, 2023
Initiation of Refunds (Tentative)Aug 03, 2023Aug 07, 2023
Credit of Share (Tentative)Aug 04, 2023Aug 08, 2023
Listing date (Tentative)Aug 04, 2023Aug 09, 2023
Anchor Lockin End date 1Sep 01, 2023
Anchor Lockin End date 2Oct 31, 2023

Financials & KPIs

Shri Techtex IPO P/E ratio is 16.71, as compared to Zeal Global Services IPO P/E ratio of 13.83.

 Shri Techtex IPOZeal Global Services IPO
Financials
Shri Techtex Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-201,766.651,625.73447.23808.49588.04488.05
31-Mar-214,652.154,021.581,265.682,075.691,853.721,498.66
31-Mar-225,282.415,182.15826.562,099.471,875.992,451.57
31-Mar-237,386.455,807.58910.632,981.501,256.613,188.98
Amount in ₹ Lakhs
Zeal Global Services Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-202,203.037,671.09133.60435.76375.76258.00
31-Mar-211,893.076,094.93169.61603.09543.09171.41
31-Mar-223,194.8212,127.77524.301,277.221,081.82194.32
31-Jan-234,969.269,505.38826.652,115.611,920.211,243.92
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)100100.00
Promoter Shareholding (Post-Issue)70.3473.40
P/E Ratio16.7113.83
Market Cap₹152.20 Cr.₹137.09 Cr.
ROE35.84%39.07%
ROCE20.07%0.56
Debt/Equity1.070.59
EPS₹5.19₹8.46
RoNW30.54%48.73%

Shares Offered

In the Shri Techtex IPO Retail Individual Investors (RII) are offered 24,62,000 shares while in Zeal Global Services IPO retail investors are offered 24,62,000 shares. Qualified Institutional Buyers (QIB) are offered 14,10,000 shares in Shri Techtex IPO and in Zeal Global Services IPO.

 Shri Techtex IPOZeal Global Services IPO
Anchor Investor Reserveration21,00,000 shares
Market Maker Reserveration3,72,000 shares1,77,600 shares
QIB14,10,000 shares
NII10,56,000 shares16,80,000 shares
RII24,62,000 shares16,82,400 shares
Employee
Others
Total70,28,000 shares33,62,400 shares

Bids Received (Subscription)

Shri Techtex IPO subscribed 148.44x in total, whereas Zeal Global Services IPO subscribed 4.06x.

 Shri Techtex IPOZeal Global Services IPO
QIB (times)58.03x
NII (times)250.65x4.26x
Big NII (times)
Small NII (times)
RII (times)156.37x3.85x
Employee (times)
Other (times)
Total (times)148.44x4.06x