Rhetan TMT IPO vs Upsurge Seeds of Agriculture IPO

Comparision between Rhetan TMT IPO and Upsurge Seeds of Agriculture IPO.

IPO Details

Rhetan TMT IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Upsurge Seeds of Agriculture IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Rhetan TMT IPO	Upsurge Seeds of Agriculture 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	Aryaman Financial Services Limited	Finshore Management Services Limited
Registrar	Bigshare Services Pvt 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 Rhetan TMT IPO is up to ₹56.00 Cr whereas the issue size of the Upsurge Seeds of Agriculture IPO is up to ₹22.81 Cr. The final issue price of Rhetan TMT IPO is ₹70.00 per share and of Upsurge Seeds of Agriculture IPO is ₹120.00 per share.

	Rhetan TMT IPO	Upsurge Seeds of Agriculture IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹70.00 per share	₹120.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	1200 shares
Fresh Issue Size	80,00,000 shares	19,00,800 shares
Fresh Issue Size (Amount)	up to ₹56.00 Cr	up to ₹22.81 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	80,00,000 shares	19,00,800 shares
Issue Size Total (Amount)	up to ₹56.00 Cr	up to ₹22.81 Cr

IPO Timetable

Rhetan TMT IPO opens on Aug 22, 2022, while Upsurge Seeds of Agriculture IPO opens on Jul 29, 2022. The closing date of Rhetan TMT IPO and Upsurge Seeds of Agriculture IPO is Aug 25, 2022, and Aug 02, 2022, respectively.

	Rhetan TMT IPO	Upsurge Seeds of Agriculture IPO
Anchor Bid Date
Issue Open	Aug 22, 2022	Jul 29, 2022
Issue Close	Aug 25, 2022	Aug 02, 2022
Basis Of Allotment (Tentative)	Aug 30, 2022	Aug 05, 2022
Initiation of Refunds (Tentative)	Sep 01, 2022	Aug 08, 2022
Credit of Share (Tentative)	Sep 02, 2022	Aug 10, 2022
Listing date (Tentative)	Sep 05, 2022	Aug 11, 2022
Anchor Lockin End date 1	Sep 29, 2022	Sep 04, 2022
Anchor Lockin End date 2	Nov 28, 2022	Nov 03, 2022

Financials

Rhetan TMT IPO P/E ratio is 63.64, as compared to Upsurge Seeds of Agriculture IPO P/E ratio of 21.35.

Rhetan TMT IPO

Upsurge Seeds of Agriculture IPO

Financial

Rhetan TMT Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	3046.86	2008.26	-58.04	30.21	-311.65
31-Mar-21	3980.65	5213.01	13.44	783.65	-298.21
31-Mar-22	5900.06	6703.45	234.57	2313.21	1046.35
Amount in ₹ Lakhs

Upsurge Seeds of Agriculture Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	835.39	1763.73	21.92	92.14	42.14
31-Mar-21	1811.8	6290.31	85.31	324.45	127.45
31-Mar-22	4087.49	7577.15	396.44	1119.3	603.4
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.62%

96.92%

Promoter Shareholding (Post-Issue)

62.12%

70.82%

P/E Ratio

63.64

21.35

Market Cap

₹148.75 Cr.

₹84.72 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Rhetan TMT IPO retail investors (RII) are offered 37,92,000 shares while in Upsurge Seeds of Agriculture IPO retail investors are offered 37,92,000 shares. Qualified institutional buyers (QIB) are offered in Rhetan TMT IPO and in Upsurge Seeds of Agriculture IPO.

	Rhetan TMT IPO	Upsurge Seeds of Agriculture IPO
Anchor Investor Reserveration
Market Maker Reserveration	4,16,000 shares	96,000 shares
QIB
NII	37,92,000 shares	9,02,400 shares
RII	37,92,000 shares	9,02,400 shares
Employee
Others
Total	75,84,000 shares	18,04,800 shares

Bids Received (Subscription)

Rhetan TMT IPO subscribed 1.47x in total, whereas Upsurge Seeds of Agriculture IPO subscribed 80.50x.

	Rhetan TMT IPO	Upsurge Seeds of Agriculture IPO
QIB (times)
NII (times)	2.18x	101.70x
Big NII (times)
Small NII (times)
RII (times)	0.76x	59.29x
Employee (times)
Other (times)
Total (times)	1.47x	80.50x

Compare with others

Rhetan TMT IPO	Upsurge Seeds of Agriculture IPO
EP Biocomposites IPO	Naturo Indiabull IPO
Dipna Pharmachem IPO	Rhetan TMT IPO
Ameya Engineers IPO	JFL Life Sciences IPO
Kore Mobile IPO	Olatech Solutions IPO
Naturo Indiabull IPO	Veekayem Fashion and Apparels IPO
JFL Life Sciences IPO	Agni Green Power IPO
Olatech Solutions IPO	Healthy Life Agritec IPO
Veekayem Fashion and Apparels IPO	Kesar India IPO
Upsurge Seeds of Agriculture IPO	B Right Realestate IPO
Agni Green Power IPO	Jayant Infratech IPO

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