Shri Techtex IPO vs Zeal Global Services IPO

Comparision between Shri Techtex IPO and Zeal Global Services IPO.

IPO Details

Shri Techtex IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Zeal Global Services IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Shri Techtex IPO	Zeal Global Services 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	Beeline Capital Advisors Pvt Ltd	Expert Global Consultants Private Limited
Registrar	Link Intime India Private Ltd	Skyline Financial Services Private Ltd
Market Maker	Sunflower Broking Private Limited	Rikhav Securities 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 Shri Techtex IPO is up to ₹45.14 Cr whereas the issue size of the Zeal Global Services IPO is up to ₹36.46 Cr. The final issue price of Shri Techtex IPO is ₹61.00 per share and of Zeal Global Services IPO is ₹103.00 per share.

	Shri Techtex IPO	Zeal Global Services IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹54.00 per share
Issue Price (Upper)	₹61.00 per share
Issue Price (Final)	₹61.00 per share	₹103.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	1200 shares
Fresh Issue Size	74,00,000 shares	35,40,000 shares
Fresh Issue Size (Amount)	up to ₹45.14 Cr	up to ₹36.46 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	74,00,000 shares	35,40,000 shares
Issue Size Total (Amount)	up to ₹45.14 Cr	up to ₹36.46 Cr

IPO Timetable

Shri Techtex IPO opens on Jul 26, 2023, while Zeal Global Services IPO opens on Jul 28, 2023. The closing date of Shri Techtex IPO and Zeal Global Services IPO is Jul 28, 2023, and Aug 01, 2023, respectively.

	Shri Techtex IPO	Zeal Global Services IPO
Anchor Bid Date	Jul 25, 2023
Issue Open	Jul 26, 2023	Jul 28, 2023
Issue Close	Jul 28, 2023	Aug 01, 2023
Basis Of Allotment (Tentative)	Aug 02, 2023	Aug 04, 2023
Initiation of Refunds (Tentative)	Aug 03, 2023	Aug 07, 2023
Credit of Share (Tentative)	Aug 04, 2023	Aug 08, 2023
Listing date (Tentative)	Aug 04, 2023	Aug 09, 2023
Anchor Lockin End date 1	Sep 01, 2023	Sep 03, 2023
Anchor Lockin End date 2	Oct 31, 2023	Nov 02, 2023

Financials

Shri Techtex IPO P/E ratio is 16.71, as compared to Zeal Global Services IPO P/E ratio of 13.83.

Shri Techtex IPO

Zeal Global Services IPO

Financial

Shri Techtex Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	1,766.65	1,625.73	447.23	808.49	588.04	488.05
31-Mar-21	4,652.15	4,021.58	1,265.68	2,075.69	1,853.72	1,498.66
31-Mar-22	5,282.41	5,182.15	826.56	2,099.47	1,875.99	2,451.57
31-Mar-23	7,386.45	5,807.58	910.63	2,981.50	1,256.61	3,188.98
Amount in ₹ Lakhs

Zeal Global Services Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	2,203.03	7,671.09	133.60	435.76	375.76	258.00
31-Mar-21	1,893.07	6,094.93	169.61	603.09	543.09	171.41
31-Mar-22	3,194.82	12,127.77	524.30	1,277.22	1,081.82	194.32
31-Jan-23	4,969.26	9,505.38	826.65	2,115.61	1,920.21	1,243.92
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100%

100.00%

Promoter Shareholding (Post-Issue)

70.34%

73.40%

P/E Ratio

16.71

13.83

Market Cap

₹152.20 Cr.

₹137.09 Cr.

ROE

35.84%%

39.07%%

ROCE

20.07%%

0.56%

Debt/Equity

1.07

0.59

EPS

₹5.19

₹8.46

RoNW

30.54%%

48.73%%

Shares Offered

In the Shri Techtex IPO retail investors (RII) are offered 24,62,000 shares while in Zeal Global Services IPO retail investors are offered 24,62,000 shares. Qualified institutional buyers (QIB) are offered 14,10,000 shares in Shri Techtex IPO and 0 shares in Zeal Global Services IPO.

	Shri Techtex IPO	Zeal Global Services IPO
Anchor Investor Reserveration	21,00,000 shares
Market Maker Reserveration	3,72,000 shares	1,77,600 shares
QIB	14,10,000 shares	0 shares
NII	10,56,000 shares	16,80,000 shares
RII	24,62,000 shares	16,82,400 shares
Employee	0 shares	0 shares
Others
Total	49,28,000 shares	33,62,400 shares

Bids Received (Subscription)

Shri Techtex IPO subscribed 148.44x in total, whereas Zeal Global Services IPO subscribed 4.06x.

	Shri Techtex IPO	Zeal Global Services IPO
QIB (times)	58.03x
NII (times)	250.65x	4.26x
Big NII (times)
Small NII (times)
RII (times)	156.37x	3.85x
Employee (times)
Other (times)
Total (times)	148.44x	4.06x

Compare with others

Shri Techtex IPO	Zeal Global Services IPO
Sangani Hospitals IPO	Bondada Engineering IPO
Yudiz Solutions IPO	Crop Life Science IPO
Zeal Global Services IPO	Shelter Pharma IPO
Oriana Power IPO	Sangani Hospitals IPO
Innovatus Entertainment Networks IPO	Yudiz Solutions IPO
Vinsys IT Services IPO	Oriana Power IPO
Yasons Chemex Care IPO	Innovatus Entertainment Networks IPO
Committed Cargo Care IPO	Shri Techtex IPO
Khazanchi Jewellers IPO	Vinsys IT Services IPO
Srivari Spices and Foods IPO	Yasons Chemex Care IPO

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