Greenhitech Ventures IPO vs Ramdevbaba Solvent IPO

Comparision between Greenhitech Ventures IPO and Ramdevbaba Solvent IPO.

IPO Details

Greenhitech Ventures IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Ramdevbaba Solvent IPO is a SME Book Built Issue proposed to list at NSE SME.

	Greenhitech Ventures IPO	Ramdevbaba Solvent IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	BSE SME	NSE SME
Lead Managers	Beeline Capital Advisors Pvt Ltd	Choice Capital Advisors Pvt Ltd
Registrar	Skyline Financial Services Private Ltd	Bigshare Services Pvt Ltd
Market Maker	Spread X Securities Private Limited	Choice Equity Broking Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Greenhitech Ventures IPO is up to ₹6.30 Cr whereas the issue size of the Ramdevbaba Solvent IPO is up to ₹50.27 Cr. The final issue price of Greenhitech Ventures IPO is ₹50.00 per share and of Ramdevbaba Solvent IPO is ₹85.00 per share.

	Greenhitech Ventures IPO	Ramdevbaba Solvent IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹80.00 per share
Issue Price (Upper)		₹85.00 per share
Issue Price (Final)	₹50.00 per share	₹85.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	1600 shares
Fresh Issue Size	12,60,000 shares	59,13,600 shares
Fresh Issue Size (Amount)	up to ₹6.30 Cr	up to ₹50.27 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	12,60,000 shares	59,13,600 shares
Issue Size Total (Amount)	up to ₹6.30 Cr	up to ₹50.27 Cr

IPO Timetable

Greenhitech Ventures IPO opens on Apr 12, 2024, while Ramdevbaba Solvent IPO opens on Apr 15, 2024. The closing date of Greenhitech Ventures IPO and Ramdevbaba Solvent IPO is Apr 16, 2024, and Apr 18, 2024, respectively.

	Greenhitech Ventures IPO	Ramdevbaba Solvent IPO
Anchor Bid Date		Apr 12, 2024
Issue Open	Apr 12, 2024	Apr 15, 2024
Issue Close	Apr 16, 2024	Apr 18, 2024
Basis Of Allotment (Tentative)	Apr 18, 2024	Apr 19, 2024
Initiation of Refunds (Tentative)	Apr 19, 2024	Apr 22, 2024
Credit of Share (Tentative)	Apr 19, 2024	Apr 22, 2024
Listing date (Tentative)	Apr 22, 2024	Apr 23, 2024
Anchor Lockin End date 1		May 19, 2024
Anchor Lockin End date 2		Jul 18, 2024

Financials

Greenhitech Ventures IPO P/E ratio is 30.05, as compared to Ramdevbaba Solvent IPO P/E ratio of 10.6.

Greenhitech Ventures IPO

Ramdevbaba Solvent IPO

Financial

Greenhitech Ventures Limited Financial Information (Restated)

Period Ended	31 Jan 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	2,677.75	2,708.06	3,188.77	2,378.58
Revenue	335.67	2,504.35	6,611.58	4,007.69
Profit After Tax	35.64	57.23	135.14	24.39
Net Worth	456.64	315.45	322.45	140.99
Reserves and Surplus	112.64
Total Borrowing	431.71	347.07	150.14	114.60
Amount in ₹ Lakhs

Ramdevbaba Solvent Limited Financial Information (Restated)

Ramdevbaba Solvent Limited's revenue increased by 20.35% and profit after tax (PAT) rose by 97.25% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	20,341.24	19,062.61	13,134.86	10,125.05
Revenue	46,569.81	70,433.41	58,525.46	42,717.32
Profit After Tax	828.90	1,300.15	659.15	617.06
Net Worth	6,857.15	4,783.25	3,483.10	2,823.95
Reserves and Surplus	5,235.97	4,324.52	3,024.37	2,365.22
Total Borrowing	9,998.78	9,922.63	6,485.67	4,474.16
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

81.01%

Promoter Shareholding (Post-Issue)

73.19%

P/E Ratio

30.05

10.6

Market Cap

₹23.50 Cr.

₹188.07 Cr.

ROE

8.17%%

ROCE

17.19%%

10.76%%

Debt/Equity

0.95

1.46

EPS

₹1.66

₹8.02

RoNW

7.80%%

14.24%%

Shares Offered

In the Greenhitech Ventures IPO retail investors (RII) are offered 5,97,000 shares while in Ramdevbaba Solvent IPO retail investors are offered 5,97,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Greenhitech Ventures IPO and 11,20,000 shares in Ramdevbaba Solvent IPO.

	Greenhitech Ventures IPO	Ramdevbaba Solvent IPO
Anchor Investor Reserveration		16,80,000 shares
Market Maker Reserveration	66,000 shares	3,13,600 shares
QIB	0 shares	11,20,000 shares
NII	5,97,000 shares	8,40,000 shares
RII	5,97,000 shares	19,60,000 shares
Employee	0 shares	0 shares
Others
Total	11,94,000 shares	39,20,000 shares

Bids Received (Subscription)

Greenhitech Ventures IPO subscribed 769.95x in total, whereas Ramdevbaba Solvent IPO subscribed 126.21x.

	Greenhitech Ventures IPO	Ramdevbaba Solvent IPO
QIB (times)		65.95x
NII (times)	921.60x	314.46x
Big NII (times)
Small NII (times)
RII (times)	597.41x	79.96x
Employee (times)
Other (times)
Total (times)	769.95x	126.21x

Compare with others

Greenhitech Ventures IPO	Ramdevbaba Solvent IPO
Shivam Chemicals IPO	Faalcon Concepts IPO
Varyaa Creations IPO	Emmforce Autotech IPO
Faalcon Concepts IPO	Birdy's IPO
Emmforce Autotech IPO	Greenhitech Ventures IPO
Birdy's IPO	Finelistings Technologies IPO
Finelistings Technologies IPO	Teerth Gopicon IPO
Ramdevbaba Solvent IPO	DCG Cables & Wires IPO
Teerth Gopicon IPO	Creative Graphics Solutions India IPO
DCG Cables & Wires IPO	K2 Infragen IPO
Creative Graphics Solutions India IPO	Aluwind Architectural IPO

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