Prospect Commodities IPO vs Systango Technologies IPO

Comparision between Prospect Commodities IPO and Systango Technologies IPO.

IPO Details

Prospect Commodities IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Systango Technologies IPO is a SME Book Built Issue proposed to list at NSE SME.

	Prospect Commodities IPO	Systango Technologies IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	BSE SME	NSE SME
Lead Managers	Interactive Financial Services Ltd	Hem Securities Limited
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Beeline Broking Ltd.	Hem Finlease 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 Prospect Commodities IPO is up to ₹7.48 Cr whereas the issue size of the Systango Technologies IPO is up to ₹34.82 Cr. The final issue price of Prospect Commodities IPO is ₹61.00 per share and of Systango Technologies IPO is ₹90.00 per share.

	Prospect Commodities IPO	Systango Technologies IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹85.00 per share
Issue Price (Upper)		₹90.00 per share
Issue Price (Final)	₹61.00 per share	₹90.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	1600 shares
Fresh Issue Size	12,26,000 shares	38,68,800 shares
Fresh Issue Size (Amount)	up to ₹7.48 Cr	up to ₹34.82 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	12,26,000 shares	38,68,800 shares
Issue Size Total (Amount)	up to ₹7.48 Cr	up to ₹34.82 Cr

IPO Timetable

Prospect Commodities IPO opens on Mar 08, 2023, while Systango Technologies IPO opens on Mar 02, 2023. The closing date of Prospect Commodities IPO and Systango Technologies IPO is Mar 13, 2023, and Mar 06, 2023, respectively.

	Prospect Commodities IPO	Systango Technologies IPO
Anchor Bid Date
Issue Open	Mar 08, 2023	Mar 02, 2023
Issue Close	Mar 13, 2023	Mar 06, 2023
Basis Of Allotment (Tentative)	Mar 16, 2023	Mar 10, 2023
Initiation of Refunds (Tentative)	Mar 17, 2023	Mar 13, 2023
Credit of Share (Tentative)	Mar 20, 2023	Mar 14, 2023
Listing date (Tentative)	Mar 20, 2023	Mar 15, 2023
Anchor Lockin End date 1	Apr 15, 2023	Apr 09, 2023
Anchor Lockin End date 2	Jun 14, 2023	Jun 08, 2023

Financials

Prospect Commodities IPO P/E ratio is 31.44, as compared to Systango Technologies IPO P/E ratio of 15.13.

Prospect Commodities IPO

Systango Technologies IPO

Financial

Prospect Commodities Limited Financial Information (Restated Standalone)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-22	1.05	0.00	-0.15	0.85	-0.15	0.05
30-Nov-22	977.07	839.98	52.85	293.70	52.70	363.57
Amount in ₹ Lakhs

Systango Technologies Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	744.32	1,455.31	251.88	476.81	421.81
31-Mar-21	1,537.57	2,388.09	568.26	1,045.50	775.50
31-Mar-22	2,288.97	3,392.10	676.99	1,722.49	1,452.49
30-Sep-22	2,732.41	2,301.30	572.30	2,296.98	2,026.98
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

88.44%

97.73%

Promoter Shareholding (Post-Issue)

61.94%

71.96%

P/E Ratio

31.44

15.13

Market Cap

₹24.95 Cr.

₹132.02 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Prospect Commodities IPO retail investors (RII) are offered 5,82,000 shares while in Systango Technologies IPO retail investors are offered 5,82,000 shares. Qualified institutional buyers (QIB) are offered in Prospect Commodities IPO and 18,33,600 shares in Systango Technologies IPO.

	Prospect Commodities IPO	Systango Technologies IPO
Anchor Investor Reserveration
Market Maker Reserveration	62,000 shares	1,96,800 shares
QIB		18,33,600 shares
NII	5,82,000 shares	5,52,000 shares
RII	5,82,000 shares	12,86,400 shares
Employee
Others
Total	11,64,000 shares	36,72,000 shares

Bids Received (Subscription)

Prospect Commodities IPO subscribed 5.31x in total, whereas Systango Technologies IPO subscribed 64.99x.

	Prospect Commodities IPO	Systango Technologies IPO
QIB (times)		14.10x
NII (times)	6.85x	230.36x
Big NII (times)
Small NII (times)
RII (times)	3.76x	66.59x
Employee (times)
Other (times)
Total (times)	5.31x	64.99x

Compare with others

Prospect Commodities IPO	Systango Technologies IPO
Dev Labtech Venture IPO	Prospect Commodities IPO
Nirman Agri Genetics IPO	Quality Foils (India) IPO
Labelkraft Technologies IPO	Sudarshan Pharma Industries IPO
VELS Film International IPO	Vertexplus Technologies IPO
Bright Outdoor Media IPO	MCON Rasayan IPO
Quality Foils (India) IPO	Amanaya Ventures IPO
Sudarshan Pharma Industries IPO	ResGen IPO
Vertexplus Technologies IPO	Srivasavi Adhesive Tapes IPO
MCON Rasayan IPO	SVJ Enterprises IPO
Systango Technologies IPO	Sealmatic India IPO

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