Onyx Biotec IPO vs United Heat Transfer IPO

Comparision between Onyx Biotec IPO and United Heat Transfer IPO.

IPO Details

Onyx Biotec IPO is a SME Book Built Issue IPO proposed to list at NSE SME while United Heat Transfer IPO is a SME Book Built Issue proposed to list at NSE SME.

	Onyx Biotec IPO	United Heat Transfer IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Horizon Management Private Limited	Swastika Investmart Ltd
Registrar	Mas Services Limited	Link Intime India Private Ltd
Market Maker	Giriraj Stock Broking Private Limited	Swastika Investmart Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Onyx Biotec IPO is up to ₹29.34 Cr whereas the issue size of the United Heat Transfer IPO is up to ₹30.00 Cr. The final issue price of Onyx Biotec IPO is ₹61.00 per share and of United Heat Transfer IPO is ₹59.00 per share.

	Onyx Biotec IPO	United Heat Transfer IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹58.00 per share	₹56.00 per share
Issue Price (Upper)	₹61.00 per share	₹59.00 per share
Issue Price (Final)	₹61.00 per share	₹59.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	2000 shares
Fresh Issue Size	48,10,000 shares	50,84,000 shares
Fresh Issue Size (Amount)	up to ₹29.34 Cr	up to ₹30.00 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	48,10,000 shares	50,84,000 shares
Issue Size Total (Amount)	up to ₹29.34 Cr	up to ₹30.00 Cr

IPO Timetable

Onyx Biotec IPO opens on Nov 13, 2024, while United Heat Transfer IPO opens on Oct 22, 2024. The closing date of Onyx Biotec IPO and United Heat Transfer IPO is Nov 18, 2024, and Oct 24, 2024, respectively.

	Onyx Biotec IPO	United Heat Transfer IPO
Anchor Bid Date	Nov 12, 2024	Oct 21, 2024
Issue Open	Nov 13, 2024	Oct 22, 2024
Issue Close	Nov 18, 2024	Oct 24, 2024
Basis Of Allotment (Tentative)	Nov 19, 2024	Oct 25, 2024
Initiation of Refunds (Tentative)	Nov 20, 2024	Oct 28, 2024
Credit of Share (Tentative)	Nov 20, 2024	Oct 28, 2024
Listing date (Tentative)	Nov 22, 2024	Oct 29, 2024
Anchor Lockin End date 1	Dec 19, 2024	Nov 23, 2024
Anchor Lockin End date 2	Feb 17, 2025	Jan 22, 2025

Financials

Onyx Biotec IPO P/E ratio is 26.81, as compared to United Heat Transfer IPO P/E ratio of 13.16.

Onyx Biotec IPO

United Heat Transfer IPO

Financial

Onyx Biotec Limited Financial Information (Restated)

Onyx Biotec Limited's revenue increased by 35.99% and profit after tax (PAT) rose by 64.35% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 May 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	7,476.57	7,413.58	5,872.36	3,683.84
Revenue	1,054.11	5,387.43	3,961.65	4,498.09
Profit After Tax	130.77	303.16	184.46	335.29
Net Worth	2,618.64	2,487.87	1,820.16	1,637.59
Reserves and Surplus	1,286.42	1,155.65	1,230.00	1,047.43
Total Borrowing	3,156.14	3,078.04	2,922.83	1,224.39
Amount in ₹ Lakhs

United Heat Transfer Limited Financial Information (Restated)

United Heat Transfer Limited's revenue decreased by -9% and profit after tax (PAT) rose by 195% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Jul 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	7,230.03	7,046.67	6,481.52	6,262.36
Revenue	2,120.01	6,409.55	7,040.15	4,796.11
Profit After Tax	242.53	623.85	211.54	152.67
Net Worth	2,865.24	2,037.71	1,413.86	1,202.32
Reserves and Surplus	1,473.24	762.71	988.86	777.32
Total Borrowing	3,202.13	3,692.18	3,295.18	3,761.47
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

88.60%

91.59%

Promoter Shareholding (Post-Issue)

67.09%

P/E Ratio

26.81

13.16

Market Cap

₹110.61 Cr.

₹112.12 Cr.

ROE

4.99%%

8.46%%

ROCE

3.71%%

10.79%%

Debt/Equity

1.21

1.12

EPS

₹2.28

₹4.48

RoNW

4.99%%

8.46%%

Shares Offered

In the Onyx Biotec IPO retail investors (RII) are offered 16,00,000 shares while in United Heat Transfer IPO retail investors are offered 16,00,000 shares. Qualified institutional buyers (QIB) are offered 9,12,000 shares in Onyx Biotec IPO and 9,74,000 shares in United Heat Transfer IPO.

	Onyx Biotec IPO	United Heat Transfer IPO
Anchor Investor Reserveration	13,66,000 shares	14,34,000 shares
Market Maker Reserveration	2,44,000 shares	2,56,000 shares
QIB	9,12,000 shares	9,74,000 shares
NII	6,88,000 shares	7,28,000 shares
RII	16,00,000 shares	16,92,000 shares
Employee	0 shares	0 shares
Others
Total	32,00,000 shares	33,94,000 shares

Bids Received (Subscription)

Onyx Biotec IPO subscribed 198.00x in total, whereas United Heat Transfer IPO subscribed 83.70x.

	Onyx Biotec IPO	United Heat Transfer IPO
QIB (times)	32.49x	26.56x
NII (times)	602.86x	124.72x
Big NII (times)
Small NII (times)
RII (times)	118.26x	98.93x
Employee (times)
Other (times)
Total (times)	198.00x	83.70x

Compare with others

Onyx Biotec IPO	United Heat Transfer IPO
Rajputana Biodiesel IPO	Onyx Biotec IPO
Rajesh Power Services IPO	Mangal Compusolution IPO
C2C Advanced Systems IPO	Rosmerta Digital Services IPO
Lamosaic India IPO	Neelam Linens and Garments IPO
Nisus Finance Services IPO	OBSC Perfection IPO
Mangal Compusolution IPO	Danish Power IPO
Rosmerta Digital Services IPO	Premium Plast IPO
Neelam Linens and Garments IPO	Usha Financial Services IPO
OBSC Perfection IPO	Freshara Agro Exports IPO
United Heat Transfer IPO	Lakshya Powertech IPO

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