On Door Concepts IPO vs Transteel Seating Technologies IPO

Comparision between On Door Concepts IPO and Transteel Seating Technologies IPO.

IPO Details

On Door Concepts IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Transteel Seating Technologies IPO is a SME Book Built Issue proposed to list at NSE SME.

	On Door Concepts IPO	Transteel Seating Technologies IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	First Overseas Capital Limited	Gretex Corporate Services Limited Pantomath Capital Advisors Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Bhh Securities Private Limited	Gretex Share Broking Private 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 On Door Concepts IPO is up to ₹31.18 Cr whereas the issue size of the Transteel Seating Technologies IPO is up to ₹49.98 Cr. The final issue price of On Door Concepts IPO is ₹208.00 per share and of Transteel Seating Technologies IPO is ₹70.00 per share.

	On Door Concepts IPO	Transteel Seating Technologies IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹67.00 per share
Issue Price (Upper)		₹70.00 per share
Issue Price (Final)	₹208.00 per share	₹70.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	600 shares	2000 shares
Fresh Issue Size	14,98,800 shares	67,84,000 shares
Fresh Issue Size (Amount)	up to ₹31.18 Cr	up to ₹47.49 Cr
OFS Issue Size		3,56,000 shares
OFS Issue Size (Amount)		up to ₹2.49 Cr
Issue Size Total	14,98,800 shares	71,40,000 shares
Issue Size Total (Amount)	up to ₹31.18 Cr	up to ₹49.98 Cr

IPO Timetable

On Door Concepts IPO opens on Oct 23, 2023, while Transteel Seating Technologies IPO opens on Oct 30, 2023. The closing date of On Door Concepts IPO and Transteel Seating Technologies IPO is Oct 27, 2023, and Nov 01, 2023, respectively.

	On Door Concepts IPO	Transteel Seating Technologies IPO
Anchor Bid Date		Oct 27, 2023
Issue Open	Oct 23, 2023	Oct 30, 2023
Issue Close	Oct 27, 2023	Nov 01, 2023
Basis Of Allotment (Tentative)	Oct 31, 2023	Nov 05, 2023
Initiation of Refunds (Tentative)	Nov 01, 2023	Nov 05, 2023
Credit of Share (Tentative)	Nov 01, 2023	Nov 05, 2023
Listing date (Tentative)	Nov 01, 2023	Nov 06, 2023
Anchor Lockin End date 1	Nov 30, 2023	Dec 05, 2023
Anchor Lockin End date 2	Jan 29, 2024	Feb 03, 2024

Financials

On Door Concepts IPO P/E ratio is 4.56, as compared to Transteel Seating Technologies IPO P/E ratio of 10.29.

On Door Concepts IPO

Transteel Seating Technologies IPO

Financial

On Door Concepts Limited Financial Information (Restated)

On Door Concepts Limited's revenue increased by 3.93% and profit after tax (PAT) rose by 343.25% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	9,009.46	7,782.37	6,563.49
Revenue	18,015.02	17,333.09	18,306.01
Profit After Tax	1,306.18	-536.98	-523.44
Net Worth	5,120.78	-6,625.38	-6,088.40
Reserves and Surplus	4,734.32	-6,827.89	-6,290.91
Total Borrowing
Amount in ₹ Lakhs

Transteel Seating Technologies Limited Financial Information (Restated)

Transteel Seating Technologies Limited's revenue increased by 112.4% and profit after tax (PAT) rose by 471.64% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	10,062.18	8,347.06	3,609.10	2,538.33
Revenue	3,133.39	5,961.43	2,806.74	2,287.74
Profit After Tax	417.64	909.36	159.08	-0.59
Net Worth	2,860.86	2,444.11	629.71	470.63
Reserves and Surplus	1,521.41	2,385.87	605.91	446.82
Total Borrowing	3,853.15	2,691.10	1,326.75	988.55
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

51.92%

83.75%

Promoter Shareholding (Post-Issue)

38.14%

53.83%

P/E Ratio

4.56

10.29

Market Cap

₹117.49 Cr.

₹141.25 Cr.

ROE

25.51%%

37.21%%

ROCE

50.90%%

36.69%%

Debt/Equity

EPS

₹56.77

₹6.80

RoNW

25.51%%

37.21%%

Shares Offered

In the On Door Concepts IPO retail investors (RII) are offered 7,06,200 shares while in Transteel Seating Technologies IPO retail investors are offered 7,06,200 shares. Qualified institutional buyers (QIB) are offered 0 shares in On Door Concepts IPO and 13,50,000 shares in Transteel Seating Technologies IPO.

	On Door Concepts IPO	Transteel Seating Technologies IPO
Anchor Investor Reserveration		18,60,000 shares
Market Maker Reserveration	86,400 shares	7,14,000 shares
QIB	0 shares	13,50,000 shares
NII	7,06,200 shares	9,66,000 shares
RII	7,06,200 shares	22,50,000 shares
Employee	0 shares	0 shares
Others
Total	14,12,400 shares	45,66,000 shares

Bids Received (Subscription)

On Door Concepts IPO subscribed 5.59x in total, whereas Transteel Seating Technologies IPO subscribed 49.21x.

	On Door Concepts IPO	Transteel Seating Technologies IPO
QIB (times)		12.15x
NII (times)	3.16x	122.88x
Big NII (times)
Small NII (times)
RII (times)	7.87x	39.82x
Employee (times)
Other (times)
Total (times)	5.59x	49.21x

Compare with others

On Door Concepts IPO	Transteel Seating Technologies IPO
Transteel Seating Technologies IPO	Micropro Software Solutions IPO
Benchmark Computer Solutions IPO	SAR Televenture IPO
Maitreya Medicare Limited IPO	Vrundavan Plantation IPO
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Paragon Fine And Speciality Chemicals IPO	KK Shah Hospitals IPO
Arvind and Company Shipping Agencies IPO	Benchmark Computer Solutions IPO
WomanCart IPO	Maitreya Medicare Limited IPO
Vivaa Tradecom IPO	Shanthala FMCG Products IPO
Karnika Industries IPO	Paragon Fine And Speciality Chemicals IPO
City Crops Agro IPO	On Door Concepts IPO

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