Reetech International Cargo IPO vs Steelman Telecom IPO

Comparision between Reetech International Cargo IPO and Steelman Telecom IPO.

IPO Details

Reetech International Cargo IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Steelman Telecom IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Reetech International Cargo IPO	Steelman Telecom 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	Gretex Corporate Services Limited	Gretex Corporate Services Limited
Registrar	Bigshare Services Pvt 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 Reetech International Cargo IPO is up to ₹11.71 Cr whereas the issue size of the Steelman Telecom IPO is up to ₹26.02 Cr. The final issue price of Reetech International Cargo IPO is ₹105.00 per share and of Steelman Telecom IPO is ₹96.00 per share.

	Reetech International Cargo IPO	Steelman Telecom IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹105.00 per share	₹96.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	1200 shares
Fresh Issue Size	5,97,600 shares	18,97,200 shares
Fresh Issue Size (Amount)	up to ₹6.27 Cr	up to ₹18.21 Cr
OFS Issue Size	5,17,200 shares	8,13,600 shares
OFS Issue Size (Amount)	up to ₹5.43 Cr	up to ₹7.81 Cr
Issue Size Total	11,14,800 shares	27,10,800 shares
Issue Size Total (Amount)	up to ₹11.71 Cr	up to ₹26.02 Cr

IPO Timetable

Reetech International Cargo IPO opens on Sep 27, 2022, while Steelman Telecom IPO opens on Sep 26, 2022. The closing date of Reetech International Cargo IPO and Steelman Telecom IPO is Sep 29, 2022, and Sep 29, 2022, respectively.

	Reetech International Cargo IPO	Steelman Telecom IPO
Anchor Bid Date
Issue Open	Sep 27, 2022	Sep 26, 2022
Issue Close	Sep 29, 2022	Sep 29, 2022
Basis Of Allotment (Tentative)	Oct 04, 2022	Oct 07, 2022
Initiation of Refunds (Tentative)	Oct 06, 2022	Oct 10, 2022
Credit of Share (Tentative)	Oct 07, 2022	Oct 10, 2022
Listing date (Tentative)	Oct 10, 2022	Oct 10, 2022
Anchor Lockin End date 1	Nov 03, 2022	Nov 06, 2022
Anchor Lockin End date 2	Jan 02, 2023	Jan 05, 2023

Financials

Reetech International Cargo IPO P/E ratio is 10.64, as compared to Steelman Telecom IPO P/E ratio of 23.41.

Reetech International Cargo IPO

Steelman Telecom IPO

Financial

Reetech International Cargo and Courier Ltd Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	396.17	18.99	13.98	325.06	273.21
31-Mar-21	877.78	1842.41	30.1	365.59	313.74
31-Mar-22	1727.52	11689.1	417.29	801.06	749.21
Amount in ₹ Lakhs

Steelman Telecom Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	3621.76	8794.62	-22.91	985.21	486.61
31-Mar-21	3698.44	9015.5	137.64	1149.14	650.54
31-Mar-22	4525.76	10116.31	396.58	1540.72	1042.12
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.99%

100%

Promoter Shareholding (Post-Issue)

73.62%

71.98%

P/E Ratio

10.64

23.41

Market Cap

₹44.39 Cr.

₹92.89 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Reetech International Cargo IPO retail investors (RII) are offered 5,29,200 shares while in Steelman Telecom IPO retail investors are offered 5,29,200 shares. Qualified institutional buyers (QIB) are offered in Reetech International Cargo IPO and 12,86,400 shares in Steelman Telecom IPO.

	Reetech International Cargo IPO	Steelman Telecom IPO
Anchor Investor Reserveration
Market Maker Reserveration	56,400 shares	1,35,600 shares
QIB		12,86,400 shares
NII	5,29,200 shares	3,86,400 shares
RII	5,29,200 shares	9,02,400 shares
Employee
Others
Total	10,58,400 shares	25,75,200 shares

Bids Received (Subscription)

Reetech International Cargo IPO subscribed 1.67x in total, whereas Steelman Telecom IPO subscribed 22.40x.

	Reetech International Cargo IPO	Steelman Telecom IPO
QIB (times)		7.78x
NII (times)	1.43x	70.09x
Big NII (times)
Small NII (times)
RII (times)	1.92x	22.82x
Employee (times)
Other (times)
Total (times)	1.67x	22.40x

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Steelman Telecom IPO	Trident Lifeline IPO
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