Evoq Remedies IPO vs Swaraj Suiting IPO

Comparision between Evoq Remedies IPO and Swaraj Suiting IPO.

IPO Details

Evoq Remedies IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Swaraj Suiting IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Evoq Remedies IPO	Swaraj Suiting IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	NSE SME
Lead Managers	Swastika Investmart Ltd	Finshore Management Services Limited
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker
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 Evoq Remedies IPO is up to ₹9.72 Cr whereas the issue size of the Swaraj Suiting IPO is up to ₹10.68 Cr. The final issue price of Evoq Remedies IPO is ₹27.00 per share and of Swaraj Suiting IPO is ₹56.00 per share.

	Evoq Remedies IPO	Swaraj Suiting IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹27.00 per share	₹56.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	4000 shares	2000 shares
Fresh Issue Size	36,00,000 shares	19,08,000 shares
Fresh Issue Size (Amount)	up to ₹9.72 Cr	up to ₹10.68 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	36,00,000 shares	19,08,000 shares
Issue Size Total (Amount)	up to ₹9.72 Cr	up to ₹10.68 Cr

IPO Timetable

Evoq Remedies IPO opens on Mar 17, 2022, while Swaraj Suiting IPO opens on Mar 15, 2022. The closing date of Evoq Remedies IPO and Swaraj Suiting IPO is Mar 22, 2022, and Mar 17, 2022, respectively.

	Evoq Remedies IPO	Swaraj Suiting IPO
Anchor Bid Date
Issue Open	Mar 17, 2022	Mar 15, 2022
Issue Close	Mar 22, 2022	Mar 17, 2022
Basis Of Allotment (Tentative)	Mar 25, 2022	Mar 23, 2022
Initiation of Refunds (Tentative)	Mar 28, 2022	Mar 24, 2022
Credit of Share (Tentative)	Mar 29, 2022	Mar 25, 2022
Listing date (Tentative)	Mar 30, 2022	Mar 28, 2022
Anchor Lockin End date 1	Apr 24, 2022	Apr 22, 2022
Anchor Lockin End date 2	Jun 23, 2022	Jun 21, 2022

Financials

Evoq Remedies IPO P/E ratio is 33.75, as compared to Swaraj Suiting IPO P/E ratio of 10.55.

Evoq Remedies IPO

Swaraj Suiting IPO

Financial

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (Rs in Lakh)
	10-Feb-22	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	2660.58	804.63	565.22	214.78
Total Revenue	1056.58	1002.48	907.21	325
Profit After Tax	93.67	71.38	0.03	1.11

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (Rs in million)
	30-Sep-21	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	916.23	917.17	970.45	937.34
Total Revenue	817.19	602.16	806.53	764.17
Profit After Tax	19.10	26.75	35.43	21.86

Promoter Shareholding (Pre-Issue)

99.99%

99.74%

Promoter Shareholding (Post-Issue)

73.53%

73.31%

P/E Ratio

33.75

10.55

Market Cap

₹36.72 Cr.

₹40.32 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Evoq Remedies IPO retail investors (RII) are offered 17,10,000 shares while in Swaraj Suiting IPO retail investors are offered 17,10,000 shares. Qualified institutional buyers (QIB) are offered in Evoq Remedies IPO and in Swaraj Suiting IPO.

	Evoq Remedies IPO	Swaraj Suiting IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,80,000 shares	96,000 shares
QIB
NII	17,10,000 shares	9,04,000 shares
RII	17,10,000 shares	9,08,000 shares
Employee
Others
Total	34,20,000 shares	18,12,000 shares

Bids Received (Subscription)

Evoq Remedies IPO subscribed 1.67x in total, whereas Swaraj Suiting IPO subscribed 12.13x.

	Evoq Remedies IPO	Swaraj Suiting IPO
QIB (times)
NII (times)	0.30x	13.81x
Big NII (times)
Small NII (times)
RII (times)	3.03x	10.46x
Employee (times)
Other (times)
Total (times)	1.67x	12.13x

Compare with others

Evoq Remedies IPO	Swaraj Suiting IPO
Empyrean Cashews IPO	krishna defence ipo
krishna defence ipo	p e-analytics-ipo
p e-analytics-ipo	achyut-healthcare-ipo
achyut-healthcare-ipo	Bhatia Colour Chem IPO
Bhatia Colour Chem IPO	Evoq Remedies IPO
Swaraj Suiting IPO	KN Agri IPO
KN Agri IPO	SP Refractories IPO
SP Refractories IPO	Cool Caps IPO
Cool Caps IPO	Shigan Quantum Technologies IPO
Shigan Quantum Technologies IPO	Ekennis Software IPO

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