ROX Hi-Tech IPO vs Sheetal Universal IPO

Comparision between ROX Hi-Tech IPO and Sheetal Universal IPO.

IPO Details

ROX Hi-Tech IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Sheetal Universal IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	ROX Hi-Tech IPO	Sheetal Universal IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	Swaraj shares and securities private limited	Beeline Capital Advisors Pvt Ltd
Registrar	Purva Sharegistry India Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Share India Securities Limited	Spread X Securities 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 ROX Hi-Tech IPO is up to ₹54.49 Cr whereas the issue size of the Sheetal Universal IPO is up to ₹23.80 Cr. The final issue price of ROX Hi-Tech IPO is ₹83.00 per share and of Sheetal Universal IPO is ₹70.00 per share.

	ROX Hi-Tech IPO	Sheetal Universal IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹80.00 per share
Issue Price (Upper)	₹83.00 per share
Issue Price (Final)	₹83.00 per share	₹70.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	2000 shares
Fresh Issue Size	60,17,600 shares	34,00,000 shares
Fresh Issue Size (Amount)	up to ₹49.95 Cr	up to ₹23.80 Cr
OFS Issue Size	5,47,200 shares
OFS Issue Size (Amount)	up to ₹4.54 Cr
Issue Size Total	65,64,800 shares	34,00,000 shares
Issue Size Total (Amount)	up to ₹54.49 Cr	up to ₹23.80 Cr

IPO Timetable

ROX Hi-Tech IPO opens on Nov 07, 2023, while Sheetal Universal IPO opens on Dec 04, 2023. The closing date of ROX Hi-Tech IPO and Sheetal Universal IPO is Nov 09, 2023, and Dec 06, 2023, respectively.

	ROX Hi-Tech IPO	Sheetal Universal IPO
Anchor Bid Date	Nov 06, 2023
Issue Open	Nov 07, 2023	Dec 04, 2023
Issue Close	Nov 09, 2023	Dec 06, 2023
Basis Of Allotment (Tentative)	Nov 15, 2023	Dec 07, 2023
Initiation of Refunds (Tentative)	Nov 16, 2023	Dec 08, 2023
Credit of Share (Tentative)	Nov 16, 2023	Dec 08, 2023
Listing date (Tentative)	Nov 16, 2023	Dec 11, 2023
Anchor Lockin End date 1	Dec 15, 2023	Jan 06, 2024
Anchor Lockin End date 2	Feb 13, 2024	Mar 06, 2024

Financials

ROX Hi-Tech IPO P/E ratio is 9.11, as compared to Sheetal Universal IPO P/E ratio of 27.34.

ROX Hi-Tech IPO

Sheetal Universal IPO

Financial

ROX Hi-Tech Limited Financial Information (Restated)

ROX Hi-Tech Limited's revenue increased by 30.12% and profit after tax (PAT) rose by 913.13% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Jul 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	8,010.87	6,103.26	3,866.72	3,887.58
Revenue	5,001.20	13,398.85	10,297.25	6,547.94
Profit After Tax	675.89	1,532.97	151.31	66.15
Net Worth	3,090.93	2,415.03	882.06	730.75
Reserves and Surplus	1,409.05	1,667.53	134.56	405.75
Total Borrowing	2,838.79	2,258.36	1,794.59	1,135.32
Amount in ₹ Lakhs

Sheetal Universal Limited Financial Information (Restated Consolidated)

Sheetal Universal Limited's revenue increased by 230.49% and profit after tax (PAT) rose by 602.4% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Aug 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	4,370.03	2,804.02	1,602.82	1,272.15
Revenue	5,826.93	13,165.68	3,983.67	3,883.53
Profit After Tax	187.67	198.85	28.31	25.41
Net Worth	1,046.89	649.22	450.37	422.07
Reserves and Surplus	241.29	299.22	100.37	72.07
Total Borrowing	1,463.22	1,356.24	984.80	625.07
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

83.29%

95%

Promoter Shareholding (Post-Issue)

66.81%

P/E Ratio

9.11

27.34

Market Cap

₹189.52 Cr.

₹80.19 Cr.

ROE

63.48%%

36.17%%

ROCE

50.17%%

21.59%%

Debt/Equity

0.94

2.09

EPS

₹9.11

₹2.56

RoNW

63.48%%

30.63%%

Shares Offered

In the ROX Hi-Tech IPO retail investors (RII) are offered 21,93,600 shares while in Sheetal Universal IPO retail investors are offered 21,93,600 shares. Qualified institutional buyers (QIB) are offered 10,51,200 shares in ROX Hi-Tech IPO and 0 shares in Sheetal Universal IPO.

	ROX Hi-Tech IPO	Sheetal Universal IPO
Anchor Investor Reserveration	15,80,800 shares
Market Maker Reserveration	8,48,000 shares	1,72,000 shares
QIB	10,51,200 shares	0 shares
NII	8,96,000 shares	16,14,000 shares
RII	21,93,600 shares	16,14,000 shares
Employee	0 shares	0 shares
Others
Total	41,40,800 shares	32,28,000 shares

Bids Received (Subscription)

ROX Hi-Tech IPO subscribed 214.44x in total, whereas Sheetal Universal IPO subscribed 179.20x.

	ROX Hi-Tech IPO	Sheetal Universal IPO
QIB (times)	106.25x
NII (times)	366.86x	212.55x
Big NII (times)
Small NII (times)
RII (times)	204.02x	129.73x
Employee (times)
Other (times)
Total (times)	214.44x	179.20x

Compare with others

ROX Hi-Tech IPO	Sheetal Universal IPO
Deepak Chemtex IPO	Rockingdeals Circular Economy IPO
Swashthik Plascon IPO	Arrowhead Seperation Engineering IPO
Rockingdeals Circular Economy IPO	Kalyani Cast Tech IPO
Arrowhead Seperation Engineering IPO	ROX Hi-Tech IPO
Kalyani Cast Tech IPO	Sunrest Lifescience IPO
Sunrest Lifescience IPO	Baba Food Processing IPO
Sheetal Universal IPO	Micropro Software Solutions IPO
Baba Food Processing IPO	SAR Televenture IPO
Micropro Software Solutions IPO	Vrundavan Plantation IPO
SAR Televenture IPO	Mish Designs IPO

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