ResGen IPO vs Sealmatic India IPO

Comparision between ResGen IPO and Sealmatic India IPO.

IPO Details

ResGen IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Sealmatic India IPO is a SME Book Built Issue proposed to list at BSE SME.

	ResGen IPO	Sealmatic India IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE SME	BSE SME
Lead Managers	Gretex Corporate Services Limited	Isk Advisors Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Kfin Technologies Limited
Market Maker	Gretex Share Broking Private Limited	Sunflower 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 ResGen IPO is up to ₹28.20 Cr whereas the issue size of the Sealmatic India IPO is up to ₹56.24 Cr. The final issue price of ResGen IPO is ₹47.00 per share and of Sealmatic India IPO is ₹225.00 per share.

	ResGen IPO	Sealmatic India IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹45.00 per share	₹220.00 per share
Issue Price (Upper)	₹47.00 per share	₹225.00 per share
Issue Price (Final)	₹47.00 per share	₹225.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	600 shares
Fresh Issue Size	60,00,000 shares	18,50,000 shares
Fresh Issue Size (Amount)	up to ₹28.20 Cr	up to ₹41.63 Cr
OFS Issue Size		6,49,600 shares
OFS Issue Size (Amount)		up to ₹14.62 Cr
Issue Size Total	60,00,000 shares	24,99,600 shares
Issue Size Total (Amount)	up to ₹28.20 Cr	up to ₹56.24 Cr

IPO Timetable

ResGen IPO opens on Feb 28, 2023, while Sealmatic India IPO opens on Feb 17, 2023. The closing date of ResGen IPO and Sealmatic India IPO is Mar 02, 2023, and Feb 21, 2023, respectively.

	ResGen IPO	Sealmatic India IPO
Anchor Bid Date	Feb 27, 2023	Feb 16, 2023
Issue Open	Feb 28, 2023	Feb 17, 2023
Issue Close	Mar 02, 2023	Feb 21, 2023
Basis Of Allotment (Tentative)	Mar 08, 2023	Feb 24, 2023
Initiation of Refunds (Tentative)	Mar 09, 2023	Feb 27, 2023
Credit of Share (Tentative)	Mar 10, 2023	Feb 28, 2023
Listing date (Tentative)	Mar 13, 2023	Mar 01, 2023
Anchor Lockin End date 1	Apr 07, 2023	Mar 26, 2023
Anchor Lockin End date 2	Jun 06, 2023	May 25, 2023

Financials

ResGen IPO P/E ratio is 27.33, as compared to Sealmatic India IPO P/E ratio of 18.75.

ResGen IPO

Sealmatic India IPO

Financial

ResGen Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	161.78		-15.15	136.13	-18.37	24.05
31-Mar-21	1,110.01	2.00	0.63	136.76	-17.74	961.33
31-Mar-22	1,371.31	480.81	73.50	367.46	147.46	932.92
05-Dec-22	3,917.97	1,265.34	246.44	1,510.30	1,091.10	1,486.06
Amount in ₹ Lakhs

Sealmatic India Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	2,325.06	3,358.88	494.14	1,524.67	1,504.67	278.30
31-Mar-21	2,975.94	3,548.18	649.76	2,174.43	2,154.43	272.62
31-Mar-22	3,947.36	4,276.80	841.46	3,015.89	2,995.89	93.56
30-Sep-22	5,108.52	2,582.12	543.45	3,550.15	2,830.15	224.39
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

94.15%

100.00%

Promoter Shareholding (Post-Issue)

67.22%

72.38%

P/E Ratio

27.33

18.75

Market Cap

₹98.58 Cr.

₹203.63 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the ResGen IPO retail investors (RII) are offered 19,98,000 shares while in Sealmatic India IPO retail investors are offered 19,98,000 shares. Qualified institutional buyers (QIB) are offered 28,20,000 shares in ResGen IPO and 3,79,800 shares in Sealmatic India IPO.

	ResGen IPO	Sealmatic India IPO
Anchor Investor Reserveration		5,69,400 shares
Market Maker Reserveration	3,00,000 shares	1,26,000 shares
QIB	28,20,000 shares	3,79,800 shares
NII	8,82,000 shares	5,53,200 shares
RII	19,98,000 shares	9,97,200 shares
Employee
Others
Total	57,00,000 shares	19,30,200 shares

Bids Received (Subscription)

ResGen IPO subscribed 2.50x in total, whereas Sealmatic India IPO subscribed 16.61x.

	ResGen IPO	Sealmatic India IPO
QIB (times)	1.09x	8.71x
NII (times)	3.87x	30.22x
Big NII (times)
Small NII (times)
RII (times)	3.88x	12.06x
Employee (times)
Other (times)
Total (times)	2.50x	16.61x

Compare with others

ResGen IPO	Sealmatic India IPO
Sudarshan Pharma Industries IPO	Systango Technologies IPO
Vertexplus Technologies IPO	Amanaya Ventures IPO
MCON Rasayan IPO	ResGen IPO
Systango Technologies IPO	Srivasavi Adhesive Tapes IPO
Amanaya Ventures IPO	SVJ Enterprises IPO
Srivasavi Adhesive Tapes IPO	Macfos IPO
SVJ Enterprises IPO	ITCONS E-Solutions IPO
Sealmatic India IPO	Viaz Tyres IPO
Macfos IPO	Patron Exim IPO
ITCONS E-Solutions IPO	Lead Reclaim and Rubber Products IPO

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