Pelatro IPO vs Phoenix Overseas IPO

Comparision between Pelatro IPO and Phoenix Overseas IPO.

IPO Details

Pelatro IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Phoenix Overseas IPO is a SME Book Built Issue proposed to list at NSE SME.

	Pelatro IPO	Phoenix Overseas 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	Cumulative Capital Private Limited	Khandwala Securities Limited
Registrar	Bigshare Services Pvt Ltd	Cameo Corporate Services Limited
Market Maker	Shree Bahubali Stock Broking Limited	Nikunj Stock Brokers 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 Pelatro IPO is up to ₹55.98 Cr whereas the issue size of the Phoenix Overseas IPO is up to ₹36.03 Cr. The final issue price of Pelatro IPO is ₹200.00 per share and of Phoenix Overseas IPO is ₹64.00 per share.

	Pelatro IPO	Phoenix Overseas IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹190.00 per share	₹61.00 per share
Issue Price (Upper)	₹200.00 per share	₹64.00 per share
Issue Price (Final)	₹200.00 per share	₹64.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	600 shares	2000 shares
Fresh Issue Size	27,99,000 shares	45,80,000 shares
Fresh Issue Size (Amount)	up to ₹55.98 Cr	up to ₹29.31 Cr
OFS Issue Size		10,50,000 shares
OFS Issue Size (Amount)		up to ₹6.72 Cr
Issue Size Total	27,99,000 shares	56,30,000 shares
Issue Size Total (Amount)	up to ₹55.98 Cr	up to ₹36.03 Cr

IPO Timetable

Pelatro IPO opens on Sep 16, 2024, while Phoenix Overseas IPO opens on Sep 20, 2024. The closing date of Pelatro IPO and Phoenix Overseas IPO is Sep 19, 2024, and Sep 24, 2024, respectively.

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

Financials

Pelatro IPO P/E ratio is -77.78, as compared to Phoenix Overseas IPO P/E ratio of 17.18.

Pelatro IPO

Phoenix Overseas IPO

Financial

Pelatro Limited Financial Information (Restated Consolidated)

Period Ended	31 Mar 2024
Assets	5,780.92
Revenue	5,536.54
Profit After Tax	-195.62
Net Worth	1,202.89
Reserves and Surplus	502.89
Total Borrowing	1,867.58
Amount in ₹ Lakhs

Phoenix Overseas Limited Financial Information (Restated Standalone)

Phoenix Overseas Limited's revenue increased by 22% and profit after tax (PAT) rose by 46% 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	13,162.58	14,686.47	9,480.59
Revenue	54,915.1	45,131.61	37,828.19
Profit After Tax	549.93	375.48	391.36
Net Worth	5,012.26	4,570.52	4,246.59
Reserves and Surplus	4,520.06	4,078.32	3,754.39
Total Borrowing	2,937.11	3,447.24	2,981.26
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

73.31%

99.16%

Promoter Shareholding (Post-Issue)

53.59%

P/E Ratio

-77.78

17.18

Market Cap

₹208.13 Cr.

₹123.81 Cr.

ROE

-15.48%%

10.74%%

ROCE

3.85%%

15.28%%

Debt/Equity

1.55

0.59

EPS

₹-2.57

₹3.72

RoNW

-15.48%%

10.74%%

Shares Offered

In the Pelatro IPO retail investors (RII) are offered 9,13,200 shares while in Phoenix Overseas IPO retail investors are offered 9,13,200 shares. Qualified institutional buyers (QIB) are offered 5,21,400 shares in Pelatro IPO and 8,02,000 shares in Phoenix Overseas IPO.

	Pelatro IPO	Phoenix Overseas IPO
Anchor Investor Reserveration	7,81,800 shares
Market Maker Reserveration	1,40,400 shares	1,96,000 shares
QIB	5,21,400 shares	8,02,000 shares
NII	3,92,400 shares	23,86,000 shares
RII	9,13,200 shares	22,46,000 shares
Employee	0 shares	0 shares
Others
Total	18,76,800 shares	54,34,000 shares

Bids Received (Subscription)

Pelatro IPO subscribed 21.94x in total, whereas Phoenix Overseas IPO subscribed 119.22x.

	Pelatro IPO	Phoenix Overseas IPO
QIB (times)	15.22x	65.74x
NII (times)	55.31x	109.71x
Big NII (times)
Small NII (times)
RII (times)	12.58x	148.43x
Employee (times)
Other (times)
Total (times)	21.94x	119.22x

Compare with others

Pelatro IPO	Phoenix Overseas IPO
Rappid Valves (India) IPO	TechEra Engineering IPO
Phoenix Overseas IPO	Divyadhan Recycling Industries IPO
WOL 3D IPO	Kalana Ispat IPO
SD Retail IPO	Avi Ansh Textile IPO
BikeWo GreenTech IPO	Rappid Valves (India) IPO
Osel Devices IPO	WOL 3D IPO
Paramount Speciality Forgings IPO	SD Retail IPO
Popular Foundations IPO	BikeWo GreenTech IPO
Sodhani Academy of Fintech Enablers IPO	Pelatro IPO
Deccan Transcon Leasing IPO	Osel Devices IPO

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