ITCONS E-Solutions IPO vs Srivasavi Adhesive Tapes IPO

Comparision between ITCONS E-Solutions IPO and Srivasavi Adhesive Tapes IPO.

IPO Details

ITCONS E-Solutions IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Srivasavi Adhesive Tapes IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	ITCONS E-Solutions IPO	Srivasavi Adhesive Tapes 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	Finshore Management Services Limited	Shreni Shares Limited
Registrar	Cameo Corporate Services Limited	Bigshare Services Pvt Ltd
Market Maker	Nikunj Stock Brokers Limited	Shreni Shares Limited
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 ITCONS E-Solutions IPO is up to ₹8.67 Cr whereas the issue size of the Srivasavi Adhesive Tapes IPO is up to ₹15.50 Cr. The final issue price of ITCONS E-Solutions IPO is ₹51.00 per share and of Srivasavi Adhesive Tapes IPO is ₹41.00 per share.

	ITCONS E-Solutions IPO	Srivasavi Adhesive Tapes IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹51.00 per share	₹41.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	3000 shares
Fresh Issue Size	17,00,000 shares	37,80,000 shares
Fresh Issue Size (Amount)	up to ₹8.67 Cr	up to ₹15.50 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	17,00,000 shares	37,80,000 shares
Issue Size Total (Amount)	up to ₹8.67 Cr	up to ₹15.50 Cr

IPO Timetable

ITCONS E-Solutions IPO opens on Feb 28, 2023, while Srivasavi Adhesive Tapes IPO opens on Feb 23, 2023. The closing date of ITCONS E-Solutions IPO and Srivasavi Adhesive Tapes IPO is Mar 02, 2023, and Feb 28, 2023, respectively.

	ITCONS E-Solutions IPO	Srivasavi Adhesive Tapes IPO
Anchor Bid Date
Issue Open	Feb 28, 2023	Feb 23, 2023
Issue Close	Mar 02, 2023	Feb 28, 2023
Basis Of Allotment (Tentative)	Mar 08, 2023	Mar 03, 2023
Initiation of Refunds (Tentative)	Mar 09, 2023	Mar 06, 2023
Credit of Share (Tentative)	Mar 10, 2023	Mar 08, 2023
Listing date (Tentative)	Mar 13, 2023	Mar 09, 2023
Anchor Lockin End date 1	Apr 07, 2023	Apr 02, 2023
Anchor Lockin End date 2	Jun 06, 2023	Jun 01, 2023

Financials

ITCONS E-Solutions IPO P/E ratio is 12.09, as compared to Srivasavi Adhesive Tapes IPO P/E ratio of 16.08.

ITCONS E-Solutions IPO

Srivasavi Adhesive Tapes IPO

Financial

ITCONS E-Solutions Limited Financial Information (Restated Standalone)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	351.17	834.95	10.57	96.78	95.64	145.06
31-Mar-21	341.21	842.48	7.53	104.31	103.17	136.33
31-Mar-22	470.71	1,820.36	119.11	223.42	222.28	106.23
30-Sep-22	792.37	1,605.05	106.12	462.23	129.36	176.70
Amount in ₹ Lakhs

Srivasavi Adhesive Tapes Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	2,038.86	4,634.50	101.13	494.07	369.34	572.93
31-Mar-21	2,263.66	5,566.61	187.34	681.41	556.68	395.02
31-Mar-22	2,763.35	6,392.19	362.12	1,043.53	918.80	607.08
30-Sep-22	3,051.98	3,072.61	180.73	1,224.25	184.84	600.06
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

89.67%

99.84%

Promoter Shareholding (Post-Issue)

59.36%

73.21%

P/E Ratio

12.09

16.08

Market Cap

₹25.65 Cr.

₹58.11 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the ITCONS E-Solutions IPO retail investors (RII) are offered 8,08,000 shares while in Srivasavi Adhesive Tapes IPO retail investors are offered 8,08,000 shares. Qualified institutional buyers (QIB) are offered in ITCONS E-Solutions IPO and in Srivasavi Adhesive Tapes IPO.

	ITCONS E-Solutions IPO	Srivasavi Adhesive Tapes IPO
Anchor Investor Reserveration
Market Maker Reserveration	86,000 shares	1,92,000 shares
QIB
NII	8,06,000 shares	17,94,000 shares
RII	8,08,000 shares	17,94,000 shares
Employee
Others
Total	16,14,000 shares	35,88,000 shares

Bids Received (Subscription)

ITCONS E-Solutions IPO subscribed 16.79x in total, whereas Srivasavi Adhesive Tapes IPO subscribed 7.75x.

	ITCONS E-Solutions IPO	Srivasavi Adhesive Tapes IPO
QIB (times)
NII (times)	16.12x	7.12x
Big NII (times)
Small NII (times)
RII (times)	17.45x	8.38x
Employee (times)
Other (times)
Total (times)	16.79x	7.75x

Compare with others

ITCONS E-Solutions IPO	Srivasavi Adhesive Tapes IPO
ResGen IPO	Vertexplus Technologies IPO
Srivasavi Adhesive Tapes IPO	MCON Rasayan IPO
SVJ Enterprises IPO	Systango Technologies IPO
Sealmatic India IPO	Amanaya Ventures IPO
Macfos IPO	ResGen IPO
Viaz Tyres IPO	SVJ Enterprises IPO
Patron Exim IPO	Sealmatic India IPO
Lead Reclaim and Rubber Products IPO	Macfos IPO
Indong Tea Company IPO	ITCONS E-Solutions IPO
Agarwal Float Glass India IPO	Viaz Tyres IPO

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