Gayatri Rubbers and Chemicals IPO vs Indong Tea Company IPO

Comparision between Gayatri Rubbers and Chemicals IPO and Indong Tea Company IPO.

IPO Details

Gayatri Rubbers and Chemicals IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Indong Tea Company IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Gayatri Rubbers and Chemicals IPO	Indong Tea Company IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Khambatta Securities Limited	Finshore Management Services Limited
Registrar	Skyline Financial Services Private Ltd	Cameo Corporate Services Limited
Market Maker		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 Gayatri Rubbers and Chemicals IPO is up to ₹4.58 Cr whereas the issue size of the Indong Tea Company IPO is up to ₹13.01 Cr. The final issue price of Gayatri Rubbers and Chemicals IPO is ₹30.00 per share and of Indong Tea Company IPO is ₹26.00 per share.

	Gayatri Rubbers and Chemicals IPO	Indong Tea Company IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹30.00 per share	₹26.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	4000 shares	4000 shares
Fresh Issue Size	15,28,000 shares	50,04,000 shares
Fresh Issue Size (Amount)	up to ₹4.58 Cr	up to ₹13.01 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	15,28,000 shares	50,04,000 shares
Issue Size Total (Amount)	up to ₹4.58 Cr	up to ₹13.01 Cr

IPO Timetable

Gayatri Rubbers and Chemicals IPO opens on Jan 25, 2023, while Indong Tea Company IPO opens on Feb 09, 2023. The closing date of Gayatri Rubbers and Chemicals IPO and Indong Tea Company IPO is Jan 30, 2023, and Feb 13, 2023, respectively.

	Gayatri Rubbers and Chemicals IPO	Indong Tea Company IPO
Anchor Bid Date
Issue Open	Jan 25, 2023	Feb 09, 2023
Issue Close	Jan 30, 2023	Feb 13, 2023
Basis Of Allotment (Tentative)	Feb 02, 2023	Feb 16, 2023
Initiation of Refunds (Tentative)	Feb 03, 2023	Feb 17, 2023
Credit of Share (Tentative)	Feb 06, 2023	Feb 20, 2023
Listing date (Tentative)	Feb 07, 2023	Feb 21, 2023
Anchor Lockin End date 1	Mar 04, 2023	Mar 18, 2023
Anchor Lockin End date 2	May 03, 2023	May 17, 2023

Financials

Gayatri Rubbers and Chemicals IPO P/E ratio is 23.62, as compared to Indong Tea Company IPO P/E ratio of 9.52.

Gayatri Rubbers and Chemicals IPO

Indong Tea Company IPO

Financial

Gayatri Rubbers and Chemicals Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	597.65	656.91	6.75	23.56	7.87	0.00
31-Mar-21	556.56	1,563.08	14.53	171.52	22.39	0.00
31-Mar-22	497.77	1,673.73	81.01	155.41	103.40	263.40
14-Apr-22	573.44	120.80	30.69	185.01	134.09	262.58
31-Dec-22	898.47	1,664.84	54.81	462.19	41.19	78.97
Amount in ₹ Lakhs

Indong Tea Company Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	4,136.26	1,672.64	-121.29	-421.85	1,174.94	2,097.43
31-Mar-21	4,059.79	2,313.00	127.56	-294.30	1,302.49	1,841.74
31-Mar-22	4,324.96	1,992.97	131.62	863.68	1,971.48	960.09
30-Sep-22	4,689.74	1,324.22	204.61	1,068.29	2,176.09	1,047.42
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

96.09%

Promoter Shareholding (Post-Issue)

73.37%

64.03%

P/E Ratio

23.62

9.52

Market Cap

₹17.21 Cr.

₹39.00 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Gayatri Rubbers and Chemicals IPO retail investors (RII) are offered 7,24,000 shares while in Indong Tea Company IPO retail investors are offered 7,24,000 shares. Qualified institutional buyers (QIB) are offered in Gayatri Rubbers and Chemicals IPO and in Indong Tea Company IPO.

	Gayatri Rubbers and Chemicals IPO	Indong Tea Company IPO
Anchor Investor Reserveration
Market Maker Reserveration	80,000 shares	2,52,000 shares
QIB
NII	7,24,000 shares	23,76,000 shares
RII	7,24,000 shares	23,76,000 shares
Employee
Others
Total	14,48,000 shares	47,52,000 shares

Bids Received (Subscription)

Gayatri Rubbers and Chemicals IPO subscribed 37.94x in total, whereas Indong Tea Company IPO subscribed 4.97x.

	Gayatri Rubbers and Chemicals IPO	Indong Tea Company IPO
QIB (times)
NII (times)	33.65x	2.17x
Big NII (times)
Small NII (times)
RII (times)	42.23x	7.76x
Employee (times)
Other (times)
Total (times)	37.94x	4.97x

Compare with others

Gayatri Rubbers and Chemicals IPO	Indong Tea Company IPO
Patron Exim IPO	Macfos IPO
Lead Reclaim and Rubber Products IPO	ITCONS E-Solutions IPO
Indong Tea Company IPO	Viaz Tyres IPO
Agarwal Float Glass India IPO	Patron Exim IPO
Shera Energy IPO	Lead Reclaim and Rubber Products IPO
Earthstahl & Alloys IPO	Agarwal Float Glass India IPO
Transvoy Logistics India IPO	Shera Energy IPO
DHARNI Capital Services IPO	Gayatri Rubbers and Chemicals IPO
Aristo Bio-Tech and Lifescience IPO	Earthstahl & Alloys IPO
Ducol Organics And Colours IPO	Transvoy Logistics India IPO

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