Sealmatic India IPO vs Systango Technologies IPO

Comparision between Sealmatic India IPO and Systango Technologies IPO.

IPO Details

Sealmatic India IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Systango Technologies IPO is a SME Book Built Issue proposed to list at NSE SME.

	Sealmatic India IPO	Systango Technologies 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	Isk Advisors Pvt Ltd	Hem Securities Limited
Registrar	Kfin Technologies Limited	Bigshare Services Pvt Ltd
Market Maker	Sunflower Broking Private Limited	Hem Finlease Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Sealmatic India IPO is up to ₹56.24 Cr whereas the issue size of the Systango Technologies IPO is up to ₹34.82 Cr. The final issue price of Sealmatic India IPO is ₹225.00 per share and of Systango Technologies IPO is ₹90.00 per share.

	Sealmatic India IPO	Systango Technologies IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹220.00 per share	₹85.00 per share
Issue Price (Upper)	₹225.00 per share	₹90.00 per share
Issue Price (Final)	₹225.00 per share	₹90.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	600 shares	1600 shares
Fresh Issue Size	18,50,000 shares	38,68,800 shares
Fresh Issue Size (Amount)	up to ₹41.63 Cr	up to ₹34.82 Cr
OFS Issue Size	6,49,600 shares
OFS Issue Size (Amount)	up to ₹14.62 Cr
Issue Size Total	24,99,600 shares	38,68,800 shares
Issue Size Total (Amount)	up to ₹56.24 Cr	up to ₹34.82 Cr

IPO Timetable

Sealmatic India IPO opens on Feb 17, 2023, while Systango Technologies IPO opens on Mar 02, 2023. The closing date of Sealmatic India IPO and Systango Technologies IPO is Feb 21, 2023, and Mar 06, 2023, respectively.

	Sealmatic India IPO	Systango Technologies IPO
Anchor Bid Date	Feb 16, 2023
Issue Open	Feb 17, 2023	Mar 02, 2023
Issue Close	Feb 21, 2023	Mar 06, 2023
Basis Of Allotment (Tentative)	Feb 24, 2023	Mar 10, 2023
Initiation of Refunds (Tentative)	Feb 27, 2023	Mar 13, 2023
Credit of Share (Tentative)	Feb 28, 2023	Mar 14, 2023
Listing date (Tentative)	Mar 01, 2023	Mar 15, 2023
Anchor Lockin End date 1	Mar 26, 2023	Apr 09, 2023
Anchor Lockin End date 2	May 25, 2023	Jun 08, 2023

Financials

Sealmatic India IPO P/E ratio is 18.75, as compared to Systango Technologies IPO P/E ratio of 15.13.

Sealmatic India IPO

Systango Technologies IPO

Financial

Sealmatic India Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	2,325.06	3,358.88	494.14	1,524.67	1,504.67	278.30
31-Mar-21	2,975.94	3,548.18	649.76	2,174.43	2,154.43	272.62
31-Mar-22	3,947.36	4,276.80	841.46	3,015.89	2,995.89	93.56
30-Sep-22	5,108.52	2,582.12	543.45	3,550.15	2,830.15	224.39
Amount in ₹ Lakhs

Systango Technologies Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	744.32	1,455.31	251.88	476.81	421.81
31-Mar-21	1,537.57	2,388.09	568.26	1,045.50	775.50
31-Mar-22	2,288.97	3,392.10	676.99	1,722.49	1,452.49
30-Sep-22	2,732.41	2,301.30	572.30	2,296.98	2,026.98
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

97.73%

Promoter Shareholding (Post-Issue)

72.38%

71.96%

P/E Ratio

18.75

15.13

Market Cap

₹203.63 Cr.

₹132.02 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Sealmatic India IPO retail investors (RII) are offered 9,97,200 shares while in Systango Technologies IPO retail investors are offered 9,97,200 shares. Qualified institutional buyers (QIB) are offered 3,79,800 shares in Sealmatic India IPO and 18,33,600 shares in Systango Technologies IPO.

	Sealmatic India IPO	Systango Technologies IPO
Anchor Investor Reserveration	5,69,400 shares
Market Maker Reserveration	1,26,000 shares	1,96,800 shares
QIB	3,79,800 shares	18,33,600 shares
NII	5,53,200 shares	5,52,000 shares
RII	9,97,200 shares	12,86,400 shares
Employee
Others
Total	19,30,200 shares	36,72,000 shares

Bids Received (Subscription)

Sealmatic India IPO subscribed 16.61x in total, whereas Systango Technologies IPO subscribed 64.99x.

	Sealmatic India IPO	Systango Technologies IPO
QIB (times)	8.71x	14.10x
NII (times)	30.22x	230.36x
Big NII (times)
Small NII (times)
RII (times)	12.06x	66.59x
Employee (times)
Other (times)
Total (times)	16.61x	64.99x

Compare with others

Sealmatic India IPO	Systango Technologies IPO
Systango Technologies IPO	Prospect Commodities IPO
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Viaz Tyres IPO	Srivasavi Adhesive Tapes IPO
Patron Exim IPO	SVJ Enterprises IPO
Lead Reclaim and Rubber Products IPO	Sealmatic India IPO

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