Rhetan TMT IPO vs Veekayem Fashion and Apparels IPO

Comparision between Rhetan TMT IPO and Veekayem Fashion and Apparels IPO.

IPO Details

Rhetan TMT IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Veekayem Fashion and Apparels IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Rhetan TMT IPO	Veekayem Fashion and Apparels IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	NSE SME
Lead Managers	Aryaman Financial Services Limited	GYR Capital Advisors Private Limited
Registrar	Bigshare Services Pvt Ltd	Kfin Technologies Limited
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 Rhetan TMT IPO is up to ₹56.00 Cr whereas the issue size of the Veekayem Fashion and Apparels IPO is up to ₹4.44 Cr. The final issue price of Rhetan TMT IPO is ₹70.00 per share and of Veekayem Fashion and Apparels IPO is ₹28.00 per share.

	Rhetan TMT IPO	Veekayem Fashion and Apparels IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹70.00 per share	₹28.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	4000 shares
Fresh Issue Size	80,00,000 shares	15,84,000 shares
Fresh Issue Size (Amount)	up to ₹56.00 Cr	up to ₹4.44 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	80,00,000 shares	15,84,000 shares
Issue Size Total (Amount)	up to ₹56.00 Cr	up to ₹4.44 Cr

IPO Timetable

Rhetan TMT IPO opens on Aug 22, 2022, while Veekayem Fashion and Apparels IPO opens on Aug 05, 2022. The closing date of Rhetan TMT IPO and Veekayem Fashion and Apparels IPO is Aug 25, 2022, and Aug 11, 2022, respectively.

	Rhetan TMT IPO	Veekayem Fashion and Apparels IPO
Anchor Bid Date
Issue Open	Aug 22, 2022	Aug 05, 2022
Issue Close	Aug 25, 2022	Aug 11, 2022
Basis Of Allotment (Tentative)	Aug 30, 2022	Aug 17, 2022
Initiation of Refunds (Tentative)	Sep 01, 2022	Aug 18, 2022
Credit of Share (Tentative)	Sep 02, 2022	Aug 19, 2022
Listing date (Tentative)	Sep 05, 2022	Aug 22, 2022
Anchor Lockin End date 1	Sep 29, 2022	Sep 16, 2022
Anchor Lockin End date 2	Nov 28, 2022	Nov 15, 2022

Financials

Rhetan TMT IPO P/E ratio is 63.64, as compared to Veekayem Fashion and Apparels IPO P/E ratio of 8.72.

Rhetan TMT IPO

Veekayem Fashion and Apparels IPO

Financial

Rhetan TMT Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	3046.86	2008.26	-58.04	30.21	-311.65
31-Mar-21	3980.65	5213.01	13.44	783.65	-298.21
31-Mar-22	5900.06	6703.45	234.57	2313.21	1046.35
Amount in ₹ Lakhs

Veekayem Fashion and Apparels Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-19	11789.3	20317.36	228.31	2973.17	2331.38
31-Mar-20	12090.4	21571.46	109.1	2869.65	2440.48
31-Mar-21	12351.95	7670.06	35.25	2904.9	2475.73
31-Mar-22	13267.19	14947.02	188.54	3095.28	2666.11
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.62%

54.31%

Promoter Shareholding (Post-Issue)

62.12%

39.67%

P/E Ratio

63.64

8.72

Market Cap

₹148.75 Cr.

₹16.45 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Rhetan TMT IPO retail investors (RII) are offered 37,92,000 shares while in Veekayem Fashion and Apparels IPO retail investors are offered 37,92,000 shares. Qualified institutional buyers (QIB) are offered in Rhetan TMT IPO and in Veekayem Fashion and Apparels IPO.

	Rhetan TMT IPO	Veekayem Fashion and Apparels IPO
Anchor Investor Reserveration
Market Maker Reserveration	4,16,000 shares	80,000 shares
QIB
NII	37,92,000 shares	7,52,000 shares
RII	37,92,000 shares	7,52,000 shares
Employee
Others
Total	75,84,000 shares	15,04,000 shares

Bids Received (Subscription)

Rhetan TMT IPO subscribed 1.47x in total, whereas Veekayem Fashion and Apparels IPO subscribed 301.47x.

	Rhetan TMT IPO	Veekayem Fashion and Apparels IPO
QIB (times)
NII (times)	2.18x	355.85x
Big NII (times)
Small NII (times)
RII (times)	0.76x	247.09x
Employee (times)
Other (times)
Total (times)	1.47x	301.47x

Compare with others

Rhetan TMT IPO	Veekayem Fashion and Apparels IPO
EP Biocomposites IPO	Kore Mobile IPO
Dipna Pharmachem IPO	Naturo Indiabull IPO
Ameya Engineers IPO	Rhetan TMT IPO
Kore Mobile IPO	JFL Life Sciences IPO
Naturo Indiabull IPO	Olatech Solutions IPO
JFL Life Sciences IPO	Upsurge Seeds of Agriculture IPO
Olatech Solutions IPO	Agni Green Power IPO
Veekayem Fashion and Apparels IPO	Healthy Life Agritec IPO
Upsurge Seeds of Agriculture IPO	Kesar India IPO
Agni Green Power IPO	B Right Realestate IPO

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