Olatech Solutions IPO vs Rhetan TMT IPO

Comparision between Olatech Solutions IPO and Rhetan TMT IPO.

IPO Details

Olatech Solutions 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.

	Olatech Solutions 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	Shreni Shares Limited	Aryaman Financial Services Limited
Registrar	Skyline Financial Services 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 Olatech Solutions IPO is up to ₹1.89 Cr whereas the issue size of the Rhetan TMT IPO is up to ₹56.00 Cr. The final issue price of Olatech Solutions IPO is ₹27.00 per share and of Rhetan TMT IPO is ₹70.00 per share.

	Olatech Solutions IPO	Rhetan TMT IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹27.00 per share	₹70.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	4000 shares	2000 shares
Fresh Issue Size	7,00,000 shares	80,00,000 shares
Fresh Issue Size (Amount)	up to ₹1.89 Cr	up to ₹56.00 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	7,00,000 shares	80,00,000 shares
Issue Size Total (Amount)	up to ₹1.89 Cr	up to ₹56.00 Cr

IPO Timetable

Olatech Solutions IPO opens on Aug 12, 2022, while Rhetan TMT IPO opens on Aug 22, 2022. The closing date of Olatech Solutions IPO and Rhetan TMT IPO is Aug 19, 2022, and Aug 25, 2022, respectively.

	Olatech Solutions IPO	Rhetan TMT IPO
Anchor Bid Date
Issue Open	Aug 12, 2022	Aug 22, 2022
Issue Close	Aug 19, 2022	Aug 25, 2022
Basis Of Allotment (Tentative)	Aug 24, 2022	Aug 30, 2022
Initiation of Refunds (Tentative)	Aug 25, 2022	Sep 01, 2022
Credit of Share (Tentative)	Aug 26, 2022	Sep 02, 2022
Listing date (Tentative)	Aug 29, 2022	Sep 05, 2022
Anchor Lockin End date 1	Sep 23, 2022	Sep 29, 2022
Anchor Lockin End date 2	Nov 22, 2022	Nov 28, 2022

Financials

Olatech Solutions IPO P/E ratio is 18, as compared to Rhetan TMT IPO P/E ratio of 63.64.

Olatech Solutions IPO

Rhetan TMT IPO

Financial

Olatech Solutions Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-19	71.01	74.21	10.41	65.37	64.37
31-Mar-20	189.2	835.35	51.58	116.96	115.96
31-Mar-21	148.69	549.23	12.32	129.28	128.28
31-Mar-22	229.95	262.15	35	164.28	164
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)

92%

99.62%

Promoter Shareholding (Post-Issue)

64.48%

62.12%

P/E Ratio

63.64

Market Cap

₹6.32 Cr.

₹148.75 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Olatech Solutions IPO retail investors (RII) are offered 3,28,000 shares while in Rhetan TMT IPO retail investors are offered 3,28,000 shares. Qualified institutional buyers (QIB) are offered in Olatech Solutions IPO and in Rhetan TMT IPO.

	Olatech Solutions IPO	Rhetan TMT IPO
Anchor Investor Reserveration
Market Maker Reserveration	44,000 shares	4,16,000 shares
QIB
NII	3,28,000 shares	37,92,000 shares
RII	3,28,000 shares	37,92,000 shares
Employee
Others
Total	6,56,000 shares	75,84,000 shares

Bids Received (Subscription)

Olatech Solutions IPO subscribed 598.82x in total, whereas Rhetan TMT IPO subscribed 1.47x.

	Olatech Solutions IPO	Rhetan TMT IPO
QIB (times)
NII (times)	517.71x	2.18x
Big NII (times)
Small NII (times)
RII (times)	679.94x	0.76x
Employee (times)
Other (times)
Total (times)	598.82x	1.47x

Compare with others

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

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