BikeWo GreenTech IPO vs Osel Devices IPO

Comparision between BikeWo GreenTech IPO and Osel Devices IPO.

IPO Details

BikeWo GreenTech IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Osel Devices IPO is a SME Book Built Issue proposed to list at NSE SME.

	BikeWo GreenTech IPO	Osel Devices 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	Khandwala Securities Limited	Horizon Management Private Limited
Registrar	Bigshare Services Pvt Ltd	Mas Services Limited
Market Maker	Aftertrade Broking Pvt Ltd	Giriraj Stock 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 BikeWo GreenTech IPO is up to ₹24.09 Cr whereas the issue size of the Osel Devices IPO is up to ₹70.66 Cr. The final issue price of BikeWo GreenTech IPO is ₹62.00 per share and of Osel Devices IPO is ₹160.00 per share.

	BikeWo GreenTech IPO	Osel Devices IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹59.00 per share	₹155.00 per share
Issue Price (Upper)	₹62.00 per share	₹160.00 per share
Issue Price (Final)	₹62.00 per share	₹160.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	800 shares
Fresh Issue Size	38,86,000 shares	44,16,000 shares
Fresh Issue Size (Amount)	up to ₹24.09 Cr	up to ₹70.66 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	38,86,000 shares	44,16,000 shares
Issue Size Total (Amount)	up to ₹24.09 Cr	up to ₹70.66 Cr

IPO Timetable

BikeWo GreenTech IPO opens on Sep 20, 2024, while Osel Devices IPO opens on Sep 16, 2024. The closing date of BikeWo GreenTech IPO and Osel Devices IPO is Sep 24, 2024, and Sep 19, 2024, respectively.

	BikeWo GreenTech IPO	Osel Devices IPO
Anchor Bid Date		Sep 13, 2024
Issue Open	Sep 20, 2024	Sep 16, 2024
Issue Close	Sep 24, 2024	Sep 19, 2024
Basis Of Allotment (Tentative)	Sep 25, 2024	Sep 20, 2024
Initiation of Refunds (Tentative)	Sep 26, 2024	Sep 23, 2024
Credit of Share (Tentative)	Sep 26, 2024	Sep 23, 2024
Listing date (Tentative)	Sep 27, 2024	Sep 24, 2024
Anchor Lockin End date 1		Oct 20, 2024
Anchor Lockin End date 2		Dec 19, 2024

Financials

BikeWo GreenTech IPO P/E ratio is 33.95, as compared to Osel Devices IPO P/E ratio of 14.36.

BikeWo GreenTech IPO

Osel Devices IPO

Financial

BikeWo GreenTech Limited Financial Information (Restated)

BikeWo GreenTech Limited's revenue increased by 22% and profit after tax (PAT) rose by 1606% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	3,151.35	1,962.4	1,497.41
Revenue	2,514.21	2,061.86	1,391.71
Profit After Tax	167.21	9.8	15.19
Net Worth	1,676.7	723.14	713.34
Total Borrowing	1,419.35	1,239.26	784.07
Amount in ₹ Lakhs

Osel Devices Limited Financial Information (Restated)

Osel Devices Limited's revenue increased by 62% and profit after tax (PAT) rose by 180% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	9,864.2	4,902.09	3,312.17
Revenue	13,268.52	8,195.58	6,555.49
Profit After Tax	1,305.21	466	212.31
Net Worth	2,534.21	1,229	763
Reserves and Surplus	1,380.39	1,042.9	576.9
Total Borrowing	2,545.23	1,782.29	862.87
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

89.00%

98.50%

Promoter Shareholding (Post-Issue)

62.48%

71.53%

P/E Ratio

33.95

14.36

Market Cap

₹80.87 Cr.

₹258.07 Cr.

ROE

13.94%%

34.68%%

ROCE

10.87%%

43.17%%

Debt/Equity

EPS

₹1.83

₹11.14

RoNW

13.94%%

51.50%%

Shares Offered

In the BikeWo GreenTech IPO retail investors (RII) are offered 17,52,000 shares while in Osel Devices IPO retail investors are offered 17,52,000 shares. Qualified institutional buyers (QIB) are offered 1,86,000 shares in BikeWo GreenTech IPO and 8,38,400 shares in Osel Devices IPO.

	BikeWo GreenTech IPO	Osel Devices IPO
Anchor Investor Reserveration		12,57,600 shares
Market Maker Reserveration	1,96,000 shares	2,21,600 shares
QIB	1,86,000 shares	8,38,400 shares
NII	17,52,000 shares	6,29,600 shares
RII	17,52,000 shares	14,68,800 shares
Employee	0 shares	0 shares
Others
Total	36,90,000 shares	29,36,800 shares

Bids Received (Subscription)

BikeWo GreenTech IPO subscribed 41.82x in total, whereas Osel Devices IPO subscribed 194.24x.

	BikeWo GreenTech IPO	Osel Devices IPO
QIB (times)	43.03x	78.01x
NII (times)	22.48x	321.40x
Big NII (times)
Small NII (times)
RII (times)	61.04x	206.07x
Employee (times)
Other (times)
Total (times)	41.82x	194.24x

Compare with others

BikeWo GreenTech IPO	Osel Devices IPO
Avi Ansh Textile IPO	Phoenix Overseas IPO
Rappid Valves (India) IPO	WOL 3D IPO
Phoenix Overseas IPO	SD Retail IPO
WOL 3D IPO	BikeWo GreenTech IPO
SD Retail IPO	Pelatro IPO
Pelatro IPO	Paramount Speciality Forgings IPO
Osel Devices IPO	Popular Foundations IPO
Paramount Speciality Forgings IPO	Sodhani Academy of Fintech Enablers IPO
Popular Foundations IPO	Deccan Transcon Leasing IPO
Sodhani Academy of Fintech Enablers IPO	Envirotech Systems IPO

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