Naturo Indiabull IPO vs Rhetan TMT IPO

Comparision between Naturo Indiabull IPO and Rhetan TMT IPO.

IPO Details

Naturo Indiabull IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Rhetan TMT IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Naturo Indiabull IPO	Rhetan TMT IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	BSE SME
Lead Managers	Finshore Management Services Limited	Aryaman Financial Services Limited
Registrar	Link Intime India Private 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 Naturo Indiabull IPO is up to ₹10.92 Cr whereas the issue size of the Rhetan TMT IPO is up to ₹56.00 Cr. The final issue price of Naturo Indiabull IPO is ₹30.00 per share and of Rhetan TMT IPO is ₹70.00 per share.

	Naturo Indiabull IPO	Rhetan TMT IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹30.00 per share	₹70.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	4000 shares	2000 shares
Fresh Issue Size	36,40,000 shares	80,00,000 shares
Fresh Issue Size (Amount)	up to ₹10.92 Cr	up to ₹56.00 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	36,40,000 shares	80,00,000 shares
Issue Size Total (Amount)	up to ₹10.92 Cr	up to ₹56.00 Cr

IPO Timetable

Naturo Indiabull IPO opens on Aug 22, 2022, while Rhetan TMT IPO opens on Aug 22, 2022. The closing date of Naturo Indiabull IPO and Rhetan TMT IPO is Aug 24, 2022, and Aug 25, 2022, respectively.

	Naturo Indiabull IPO	Rhetan TMT IPO
Anchor Bid Date
Issue Open	Aug 22, 2022	Aug 22, 2022
Issue Close	Aug 24, 2022	Aug 25, 2022
Basis Of Allotment (Tentative)	Aug 29, 2022	Aug 30, 2022
Initiation of Refunds (Tentative)	Aug 30, 2022	Sep 01, 2022
Credit of Share (Tentative)	Sep 01, 2022	Sep 02, 2022
Listing date (Tentative)	Sep 02, 2022	Sep 05, 2022
Anchor Lockin End date 1	Sep 28, 2022	Sep 29, 2022
Anchor Lockin End date 2	Nov 27, 2022	Nov 28, 2022

Financials

Naturo Indiabull IPO P/E ratio is 28.03, as compared to Rhetan TMT IPO P/E ratio of 63.64.

Naturo Indiabull IPO

Rhetan TMT IPO

Financial

Naturo Indiabull Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	951.17	802.76	78.8	77.04	72.04
31-Mar-21	1312.04	700.72	74.57	697.29	671.31
31-Mar-22	1343.94	1144.63	109.22	1241.51	585.71
Amount in ₹ Lakhs

Rhetan TMT Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	3046.86	2008.26	-58.04	30.21	-311.65
31-Mar-21	3980.65	5213.01	13.44	783.65	-298.21
31-Mar-22	5900.06	6703.45	234.57	2313.21	1046.35
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

42.17%

99.62%

Promoter Shareholding (Post-Issue)

27.12%

62.12%

P/E Ratio

28.03

63.64

Market Cap

₹30.59 Cr.

₹148.75 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Naturo Indiabull IPO retail investors (RII) are offered 17,28,000 shares while in Rhetan TMT IPO retail investors are offered 17,28,000 shares. Qualified institutional buyers (QIB) are offered in Naturo Indiabull IPO and in Rhetan TMT IPO.

	Naturo Indiabull IPO	Rhetan TMT IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,84,000 shares	4,16,000 shares
QIB
NII	17,28,000 shares	37,92,000 shares
RII	17,28,000 shares	37,92,000 shares
Employee
Others
Total	34,56,000 shares	75,84,000 shares

Bids Received (Subscription)

Naturo Indiabull IPO subscribed 20.26x in total, whereas Rhetan TMT IPO subscribed 1.47x.

	Naturo Indiabull IPO	Rhetan TMT IPO
QIB (times)
NII (times)	8.44x	2.18x
Big NII (times)
Small NII (times)
RII (times)	32.08x	0.76x
Employee (times)
Other (times)
Total (times)	20.26x	1.47x

Compare with others

Naturo Indiabull IPO	Rhetan TMT IPO
Virtuoso Optoelectronics IPO	EP Biocomposites IPO
EP Biocomposites IPO	Dipna Pharmachem IPO
Dipna Pharmachem IPO	Ameya Engineers IPO
Ameya Engineers IPO	Kore Mobile IPO
Kore Mobile IPO	Naturo Indiabull IPO
Rhetan TMT IPO	JFL Life Sciences IPO
JFL Life Sciences IPO	Olatech Solutions IPO
Olatech Solutions IPO	Veekayem Fashion and Apparels IPO
Veekayem Fashion and Apparels IPO	Upsurge Seeds of Agriculture IPO
Upsurge Seeds of Agriculture IPO	Agni Green Power IPO

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