Pace E-Commerce Ventures IPO vs Steelman Telecom IPO

Comparision between Pace E-Commerce Ventures IPO and Steelman Telecom IPO.

IPO Details

Pace E-Commerce Ventures IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Steelman Telecom IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Pace E-Commerce Ventures IPO	Steelman Telecom IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	BSE SME
Lead Managers	Interactive Financial Services Ltd	Gretex Corporate Services Limited
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
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 Pace E-Commerce Ventures IPO is up to ₹66.53 Cr whereas the issue size of the Steelman Telecom IPO is up to ₹26.02 Cr. The final issue price of Pace E-Commerce Ventures IPO is ₹103.00 per share and of Steelman Telecom IPO is ₹96.00 per share.

	Pace E-Commerce Ventures IPO	Steelman Telecom IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹103.00 per share	₹96.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	1200 shares
Fresh Issue Size	40,00,000 shares	18,97,200 shares
Fresh Issue Size (Amount)	up to ₹41.20 Cr	up to ₹18.21 Cr
OFS Issue Size	24,59,600 shares	8,13,600 shares
OFS Issue Size (Amount)	up to ₹25.33 Cr	up to ₹7.81 Cr
Issue Size Total	64,59,600 shares	27,10,800 shares
Issue Size Total (Amount)	up to ₹66.53 Cr	up to ₹26.02 Cr

IPO Timetable

Pace E-Commerce Ventures IPO opens on Sep 29, 2022, while Steelman Telecom IPO opens on Sep 26, 2022. The closing date of Pace E-Commerce Ventures IPO and Steelman Telecom IPO is Oct 13, 2022, and Sep 29, 2022, respectively.

	Pace E-Commerce Ventures IPO	Steelman Telecom IPO
Anchor Bid Date
Issue Open	Sep 29, 2022	Sep 26, 2022
Issue Close	Oct 13, 2022	Sep 29, 2022
Basis Of Allotment (Tentative)	Oct 18, 2022	Oct 07, 2022
Initiation of Refunds (Tentative)	Oct 19, 2022	Oct 10, 2022
Credit of Share (Tentative)	Oct 20, 2022	Oct 10, 2022
Listing date (Tentative)	Oct 20, 2022	Oct 10, 2022
Anchor Lockin End date 1	Nov 17, 2022	Nov 06, 2022
Anchor Lockin End date 2	Jan 16, 2023	Jan 05, 2023

Financials

Pace E-Commerce Ventures IPO P/E ratio is 429.16, as compared to Steelman Telecom IPO P/E ratio of 23.41.

Pace E-Commerce Ventures IPO

Steelman Telecom IPO

Financial

Pace E-Commerce Ventures Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	157.97	150.42	0.34	7.24	6.24
31-Mar-21	2786.01	171.89	7.18	2595.32	6.24
31-Mar-22	3241.71	1054.15	54.12	2649.44	817.54
Amount in ₹ Lakhs

Steelman Telecom Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	3621.76	8794.62	-22.91	985.21	486.61
31-Mar-21	3698.44	9015.5	137.64	1149.14	650.54
31-Mar-22	4525.76	10116.31	396.58	1540.72	1042.12
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

91.12%

100%

Promoter Shareholding (Post-Issue)

65%

71.98%

P/E Ratio

429.16

23.41

Market Cap

₹232.10 Cr.

₹92.89 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Pace E-Commerce Ventures IPO retail investors (RII) are offered 30,63,600 shares while in Steelman Telecom IPO retail investors are offered 30,63,600 shares. Qualified institutional buyers (QIB) are offered in Pace E-Commerce Ventures IPO and 12,86,400 shares in Steelman Telecom IPO.

	Pace E-Commerce Ventures IPO	Steelman Telecom IPO
Anchor Investor Reserveration
Market Maker Reserveration	3,32,400 shares	1,35,600 shares
QIB		12,86,400 shares
NII	30,63,600 shares	3,86,400 shares
RII	30,63,600 shares	9,02,400 shares
Employee
Others
Total	61,27,200 shares	25,75,200 shares

Bids Received (Subscription)

Pace E-Commerce Ventures IPO subscribed 1.14x in total, whereas Steelman Telecom IPO subscribed 22.40x.

	Pace E-Commerce Ventures IPO	Steelman Telecom IPO
QIB (times)		7.78x
NII (times)	1.72x	70.09x
Big NII (times)
Small NII (times)
RII (times)	0.55x	22.82x
Employee (times)
Other (times)
Total (times)	1.14x	22.40x

Compare with others

Pace E-Commerce Ventures IPO	Steelman Telecom IPO
Integrated Personnel Services IPO	Phantom Digital Effects IPO
Technopack Polymers IPO	Frog Cellsat IPO
Vital Chemtech IPO	Pace E-Commerce Ventures IPO
Phantom Digital Effects IPO	Swastik Pipe IPO
Frog Cellsat IPO	Trident Lifeline IPO
Swastik Pipe IPO	Reetech International Cargo IPO
Trident Lifeline IPO	Cargotrans Maritime IPO
Steelman Telecom IPO	Vedant Asset IPO
Reetech International Cargo IPO	Cargosol Logistics IPO
Cargotrans Maritime IPO	Silicon Rental Solutions IPO

Comments

Add a public comment...