Ritco Logistics IPO vs Surani Steel IPO

Comparision between Ritco Logistics IPO and Surani Steel IPO.

IPO Details

Ritco Logistics IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Surani Steel IPO is a SME Book Built Issue proposed to list at NSE SME.

	Ritco Logistics IPO	Surani Steel IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE SME	NSE SME
Lead Managers	Pantomath Capital Advisors Pvt Ltd	Pantomath Capital Advisors Pvt Ltd
Registrar	Link Intime India Private Ltd	Link Intime India Private 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 Ritco Logistics IPO is up to ₹48.18 Cr whereas the issue size of the Surani Steel IPO is up to ₹12.92 Cr. The final issue price of Ritco Logistics IPO is ₹73.00 per share and of Surani Steel IPO is ₹52.00 per share.

	Ritco Logistics IPO	Surani Steel IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹71.00 per share	₹51.00 per share
Issue Price (Upper)	₹73.00 per share	₹52.00 per share
Issue Price (Final)	₹73.00 per share	₹52.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	2000 shares
Fresh Issue Size	50,00,000 shares	24,84,000 shares
Fresh Issue Size (Amount)
OFS Issue Size	16,00,000 shares
OFS Issue Size (Amount)
Issue Size Total	66,00,000 shares	24,84,000 shares
Issue Size Total (Amount)	up to ₹48.18 Cr	up to ₹12.92 Cr

IPO Timetable

Ritco Logistics IPO opens on Jan 28, 2019, while Surani Steel IPO opens on Jan 25, 2019. The closing date of Ritco Logistics IPO and Surani Steel IPO is Jan 30, 2019, and Jan 29, 2019, respectively.

	Ritco Logistics IPO	Surani Steel IPO
Anchor Bid Date
Issue Open	Jan 28, 2019	Jan 25, 2019
Issue Close	Jan 30, 2019	Jan 29, 2019
Basis Of Allotment (Tentative)	Feb 04, 2019
Initiation of Refunds (Tentative)	Feb 05, 2019
Credit of Share (Tentative)	Feb 06, 2019
Listing date (Tentative)	Feb 07, 2019
Anchor Lockin End date 1	Mar 06, 2019
Anchor Lockin End date 2	May 05, 2019

Financials

Ritco Logistics IPO P/E ratio is , as compared to Surani Steel IPO P/E ratio of .

Ritco Logistics IPO

Surani Steel IPO

Financial

Ritco Logistics financial Information (Restated)

Particulars	For the year/period ended (in Rs. Lakhs)
	30-Sept-18	31-Mar-18	31-Mar-17	31-Mar-16
Total Assets	17,894.47	15,403.43	9,707.73	8,989.98
Total Revenue	20,860.31	34,391.49	32,896.06	31,416.47
Profit After Tax	621.18	1,027.95	381.83	143.67

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Lakhs)
	31-Mar-18	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14
Total Assets	3,528.36	2,836.35	2,298.30	1,594.83	1,541.34
Total Revenue	10,079.72	7,670.08	6,845.89	5,814.16	3,599.92
Profit After Tax	172.44	99.90	109.60	16.25	(2.99)

Promoter Shareholding (Pre-Issue)

78.44%

20,95,000 Shares (36.12%)

Promoter Shareholding (Post-Issue)

55.88%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Ritco Logistics IPO retail investors (RII) are offered 31,32,800 shares while in Surani Steel IPO retail investors are offered 31,32,800 shares. Qualified institutional buyers (QIB) are offered in Ritco Logistics IPO and in Surani Steel IPO.

	Ritco Logistics IPO	Surani Steel IPO
Anchor Investor Reserveration
Market Maker Reserveration	3,34,400 shares	1,26,000 shares
QIB
NII	31,32,800 shares	12,42,000 shares
RII	31,32,800 shares	12,42,000 shares
Employee
Others
Total	62,65,600 shares	23,58,000 shares

Bids Received (Subscription)

Ritco Logistics IPO subscribed 1.39x in total, whereas Surani Steel IPO subscribed 1.55x.

	Ritco Logistics IPO	Surani Steel IPO
QIB (times)
NII (times)	1.82x	1.70x
Big NII (times)
Small NII (times)
RII (times)	0.96x	1.23x
Employee (times)
Other (times)
Total (times)	1.39x	1.55x

Compare with others

Ritco Logistics IPO	Surani Steel IPO
Gleam Fabmat IPO	Aartech Solonics IPO
Aartech Solonics IPO	Jonjua Overseas IPO
Jonjua Overseas IPO	Anmol India IPO
Anmol India IPO	Kranti Industries IPO
Kranti Industries IPO	Ritco Logistics IPO
Surani Steel IPO	KPI Global IPO
KPI Global IPO	Axita Cotton IPO
Axita Cotton IPO	SR Dye-Chem IPO
SR Dye-Chem IPO	Diksha Greens IPO
Diksha Greens IPO	Agarwal Packers and Movers IPO

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