BikeWo GreenTech IPO vs Phoenix Overseas IPO

Comparision between BikeWo GreenTech IPO and Phoenix Overseas IPO.

IPO Details

BikeWo GreenTech IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Phoenix Overseas IPO is a SME Book Built Issue proposed to list at NSE SME.

	BikeWo GreenTech IPO	Phoenix Overseas IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Khandwala Securities Limited	Khandwala Securities Limited
Registrar	Bigshare Services Pvt Ltd	Cameo Corporate Services Limited
Market Maker	Aftertrade Broking Pvt Ltd	Nikunj Stock Brokers Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of BikeWo GreenTech IPO is up to ₹24.09 Cr whereas the issue size of the Phoenix Overseas IPO is up to ₹36.03 Cr. The final issue price of BikeWo GreenTech IPO is ₹62.00 per share and of Phoenix Overseas IPO is ₹64.00 per share.

	BikeWo GreenTech IPO	Phoenix Overseas IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹59.00 per share	₹61.00 per share
Issue Price (Upper)	₹62.00 per share	₹64.00 per share
Issue Price (Final)	₹62.00 per share	₹64.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	2000 shares
Fresh Issue Size	38,86,000 shares	45,80,000 shares
Fresh Issue Size (Amount)	up to ₹24.09 Cr	up to ₹29.31 Cr
OFS Issue Size		10,50,000 shares
OFS Issue Size (Amount)		up to ₹6.72 Cr
Issue Size Total	38,86,000 shares	56,30,000 shares
Issue Size Total (Amount)	up to ₹24.09 Cr	up to ₹36.03 Cr

IPO Timetable

BikeWo GreenTech IPO opens on Sep 20, 2024, while Phoenix Overseas IPO opens on Sep 20, 2024. The closing date of BikeWo GreenTech IPO and Phoenix Overseas IPO is Sep 24, 2024, and Sep 24, 2024, respectively.

	BikeWo GreenTech IPO	Phoenix Overseas IPO
Anchor Bid Date
Issue Open	Sep 20, 2024	Sep 20, 2024
Issue Close	Sep 24, 2024	Sep 24, 2024
Basis Of Allotment (Tentative)	Sep 25, 2024	Sep 25, 2024
Initiation of Refunds (Tentative)	Sep 26, 2024	Sep 26, 2024
Credit of Share (Tentative)	Sep 26, 2024	Sep 26, 2024
Listing date (Tentative)	Sep 27, 2024	Sep 27, 2024
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials

BikeWo GreenTech IPO P/E ratio is 33.95, as compared to Phoenix Overseas IPO P/E ratio of 17.18.

BikeWo GreenTech IPO

Phoenix Overseas IPO

Financial

BikeWo GreenTech Limited Financial Information (Restated)

BikeWo GreenTech Limited's revenue increased by 22% and profit after tax (PAT) rose by 1606% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	3,151.35	1,962.4	1,497.41
Revenue	2,514.21	2,061.86	1,391.71
Profit After Tax	167.21	9.8	15.19
Net Worth	1,676.7	723.14	713.34
Total Borrowing	1,419.35	1,239.26	784.07
Amount in ₹ Lakhs

Phoenix Overseas Limited Financial Information (Restated Standalone)

Phoenix Overseas Limited's revenue increased by 22% and profit after tax (PAT) rose by 46% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	13,162.58	14,686.47	9,480.59
Revenue	54,915.1	45,131.61	37,828.19
Profit After Tax	549.93	375.48	391.36
Net Worth	5,012.26	4,570.52	4,246.59
Reserves and Surplus	4,520.06	4,078.32	3,754.39
Total Borrowing	2,937.11	3,447.24	2,981.26
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

89.00%

99.16%

Promoter Shareholding (Post-Issue)

62.48%

P/E Ratio

33.95

17.18

Market Cap

₹80.87 Cr.

₹123.81 Cr.

ROE

13.94%%

10.74%%

ROCE

10.87%%

15.28%%

Debt/Equity

0.59

EPS

₹1.83

₹3.72

RoNW

13.94%%

10.74%%

Shares Offered

In the BikeWo GreenTech IPO retail investors (RII) are offered 17,52,000 shares while in Phoenix Overseas IPO retail investors are offered 17,52,000 shares. Qualified institutional buyers (QIB) are offered 1,86,000 shares in BikeWo GreenTech IPO and 8,02,000 shares in Phoenix Overseas IPO.

	BikeWo GreenTech IPO	Phoenix Overseas IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,96,000 shares	1,96,000 shares
QIB	1,86,000 shares	8,02,000 shares
NII	17,52,000 shares	23,86,000 shares
RII	17,52,000 shares	22,46,000 shares
Employee	0 shares	0 shares
Others
Total	36,90,000 shares	54,34,000 shares

Bids Received (Subscription)

BikeWo GreenTech IPO subscribed 41.82x in total, whereas Phoenix Overseas IPO subscribed 119.22x.

	BikeWo GreenTech IPO	Phoenix Overseas IPO
QIB (times)	43.03x	65.74x
NII (times)	22.48x	109.71x
Big NII (times)
Small NII (times)
RII (times)	61.04x	148.43x
Employee (times)
Other (times)
Total (times)	41.82x	119.22x

Compare with others

BikeWo GreenTech IPO	Phoenix Overseas IPO
Avi Ansh Textile IPO	TechEra Engineering IPO
Rappid Valves (India) IPO	Divyadhan Recycling Industries IPO
Phoenix Overseas IPO	Kalana Ispat IPO
WOL 3D IPO	Avi Ansh Textile IPO
SD Retail IPO	Rappid Valves (India) IPO
Pelatro IPO	WOL 3D IPO
Osel Devices IPO	SD Retail IPO
Paramount Speciality Forgings IPO	BikeWo GreenTech IPO
Popular Foundations IPO	Pelatro IPO
Sodhani Academy of Fintech Enablers IPO	Osel Devices IPO

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