Earthstahl & Alloys IPO vs Eastern Logica Infoway IPO

Comparision between Earthstahl & Alloys IPO and Eastern Logica Infoway IPO.

IPO Details

Earthstahl & Alloys IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Eastern Logica Infoway IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Earthstahl & Alloys IPO	Eastern Logica Infoway IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	BSE SME	BSE SME
Lead Managers	Hem Securities Limited	Oneview Corporate Advisors Pvt. Ltd.
Registrar	Bigshare Services Pvt Ltd	Kfin Technologies Limited
Market Maker	Hem Securities 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 Earthstahl & Alloys IPO is up to ₹12.96 Cr whereas the issue size of the Eastern Logica Infoway IPO is up to ₹16.94 Cr. The final issue price of Earthstahl & Alloys IPO is ₹40.00 per share and of Eastern Logica Infoway IPO is ₹225.00 per share.

	Earthstahl & Alloys IPO	Eastern Logica Infoway IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹38.00 per share
Issue Price (Upper)	₹40.00 per share
Issue Price (Final)	₹40.00 per share	₹225.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	600 shares
Fresh Issue Size	32,40,000 shares	6,64,200 shares
Fresh Issue Size (Amount)	up to ₹12.96 Cr	up to ₹14.94 Cr
OFS Issue Size		88,800 shares
OFS Issue Size (Amount)		up to ₹2.00 Cr
Issue Size Total	32,40,000 shares	7,53,000 shares
Issue Size Total (Amount)	up to ₹12.96 Cr	up to ₹16.94 Cr

IPO Timetable

Earthstahl & Alloys IPO opens on Jan 27, 2023, while Eastern Logica Infoway IPO opens on Jan 05, 2023. The closing date of Earthstahl & Alloys IPO and Eastern Logica Infoway IPO is Jan 31, 2023, and Jan 09, 2023, respectively.

	Earthstahl & Alloys IPO	Eastern Logica Infoway IPO
Anchor Bid Date
Issue Open	Jan 27, 2023	Jan 05, 2023
Issue Close	Jan 31, 2023	Jan 09, 2023
Basis Of Allotment (Tentative)	Feb 03, 2023	Jan 12, 2023
Initiation of Refunds (Tentative)	Feb 06, 2023	Jan 13, 2023
Credit of Share (Tentative)	Feb 07, 2023	Jan 16, 2023
Listing date (Tentative)	Feb 08, 2023	Jan 17, 2023
Anchor Lockin End date 1	Mar 05, 2023	Feb 11, 2023
Anchor Lockin End date 2	May 04, 2023	Apr 12, 2023

Financials

Earthstahl & Alloys IPO P/E ratio is 4.22, as compared to Eastern Logica Infoway IPO P/E ratio of 24.09.

Earthstahl & Alloys IPO

Eastern Logica Infoway IPO

Financial

Earthstahl & Alloys Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	2,990.73	3,181.58	-33.49	44.24	200.22	1,733.71
31-Mar-21	2,817.23	2,457.53	267.31	311.55	467.53	1,396.82
31-Mar-22	3,592.61	4,907.54	745.48	1,057.03	1,213.01	1,399.97
30-Sep-22	4,303.34	4,824.68	580.47	1,637.50	1,793.48	1,092.93
Amount in ₹ Lakhs

Eastern Logica Infoway Limited Financial Information (Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	8490.92	49882.84	181.62	2832.66	2622.68	2931.84
31-Mar-21	10324.43	44702.9	233.59	3126.02	2911.37	4413.71
31-Mar-22	12663.71	61558.01	285.34	3470.3	3251.65	5967.53
30-Sep-22	12561.79	30504.16	133.14	3603.44	3384.79	5694.82
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

Promoter Shareholding (Post-Issue)

73.53%

73.59%

P/E Ratio

4.22

24.09

Market Cap

₹48.96 Cr.

₹64.14 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Earthstahl & Alloys IPO retail investors (RII) are offered 10,77,000 shares while in Eastern Logica Infoway IPO retail investors are offered 10,77,000 shares. Qualified institutional buyers (QIB) are offered 9,18,000 shares in Earthstahl & Alloys IPO and in Eastern Logica Infoway IPO.

	Earthstahl & Alloys IPO	Eastern Logica Infoway IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,68,000 shares	39,000 shares
QIB	9,18,000 shares
NII	10,77,000 shares	3,57,000 shares
RII	10,77,000 shares	3,57,000 shares
Employee
Others
Total	30,72,000 shares	7,14,000 shares

Bids Received (Subscription)

Earthstahl & Alloys IPO subscribed 235.18x in total, whereas Eastern Logica Infoway IPO subscribed 1.74x.

	Earthstahl & Alloys IPO	Eastern Logica Infoway IPO
QIB (times)	39.83x
NII (times)	445.09x	1.92x
Big NII (times)
Small NII (times)
RII (times)	191.77x	1.56x
Employee (times)
Other (times)
Total (times)	235.18x	1.74x

Compare with others

Earthstahl & Alloys IPO	Eastern Logica Infoway IPO
Lead Reclaim and Rubber Products IPO	Earthstahl & Alloys IPO
Indong Tea Company IPO	Transvoy Logistics India IPO
Agarwal Float Glass India IPO	DHARNI Capital Services IPO
Shera Energy IPO	Aristo Bio-Tech and Lifescience IPO
Gayatri Rubbers and Chemicals IPO	Ducol Organics And Colours IPO
Transvoy Logistics India IPO	Chaman Metallics IPO
DHARNI Capital Services IPO	Rex Sealing and Packing Industries IPO
Aristo Bio-Tech and Lifescience IPO	SVS Ventures IPO
Ducol Organics And Colours IPO	Anlon Technology Solutions IPO
Eastern Logica Infoway IPO	Moxsh Overseas Educon IPO

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