Comparison between ABS Marine IPO and Varyaa Creations IPO.
ABS Marine IPO is a SME Fixed Price IPO proposed to list at NSE SME while Varyaa Creations IPO is a SME Fixed Price proposed to list at BSE SME.
| ABS Marine IPO | Varyaa Creations IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Fixed Price |
| Listing At | NSE SME | BSE SME |
| Lead Managers | GYR Capital Advisors Pvt.Ltd. | Inventure Merchant Banker Services Pvt.Ltd. |
| Registrar | Purva Sharegistry (India) Pvt.Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Giriraj Stock Broking Pvt.Ltd. | Svcm Securities Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of ABS Marine IPO is up to ₹90.26 Cr whereas the issue size of the Varyaa Creations IPO is up to ₹19.05 Cr. The final issue price of ABS Marine IPO is ₹147.00 per share and of Varyaa Creations IPO is ₹150.00 per share.
| ABS Marine IPO | Varyaa Creations IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹140.00 per share | |
| Issue Price (Upper) | ₹147.00 per share | |
| Issue Price (Final) | ₹147.00 per share | ₹150.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 1000 shares | 1000 shares |
| Fresh Issue Size | 61,40,000 shares | 12,70,000 shares |
| Fresh Issue Size (Amount) | up to ₹90.26 Cr | up to ₹19.05 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 61,40,000 shares | 12,70,000 shares |
| Issue Size Total (Amount) | up to ₹90.26 Cr | up to ₹19.05 Cr |
ABS Marine IPO opens on May 10, 2024, while Varyaa Creations IPO opens on Apr 22, 2024. The closing date of ABS Marine IPO and Varyaa Creations IPO is May 15, 2024, and Apr 25, 2024, respectively.
| ABS Marine IPO | Varyaa Creations IPO | |
|---|---|---|
| Anchor Bid Date | May 09, 2024 | |
| Issue Open | May 10, 2024 | Apr 22, 2024 |
| Issue Close | May 15, 2024 | Apr 25, 2024 |
| Basis Of Allotment (Tentative) | May 16, 2024 | Apr 26, 2024 |
| Initiation of Refunds (Tentative) | May 17, 2024 | Apr 29, 2024 |
| Credit of Share (Tentative) | May 17, 2024 | Apr 29, 2024 |
| Listing date (Tentative) | May 21, 2024 | Apr 30, 2024 |
| Anchor Lockin End date 1 | Jun 15, 2024 | |
| Anchor Lockin End date 2 | Aug 14, 2024 |
ABS Marine IPO P/E ratio is 11.23, as compared to Varyaa Creations IPO P/E ratio of 65.56.
| ABS Marine IPO | Varyaa Creations IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | ABS Marine Services Limited Financial Information (Restated Consolidated)ABS Marine Services Limited's revenue increased by 21.27% and profit after tax (PAT) rose by 147.22% between the financial year ending with March 31, 2024 and March 31, 2023.
| Varyaa Creations Limited Financial Information (Restated)Varyaa Creations Limited's revenue increased by 112.55% and profit after tax (PAT) rose by 36.13% between the financial year ending with March 31, 2023 and March 31, 2022.
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 86.50 | 100.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 63.42 | 72.02 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 11.23 | 65.56 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹360.88 Cr. | ₹71.85 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 85.52% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 18.67% | 114.57% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.39 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹13.09 | ₹2.29 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 20.10% | 85.52% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the ABS Marine IPO Retail Individual Investors (RII) are offered 21,49,000 shares while in Varyaa Creations IPO retail investors are offered 21,49,000 shares. Qualified Institutional Buyers (QIB) are offered 12,28,000 shares in ABS Marine IPO and in Varyaa Creations IPO.
| ABS Marine IPO | Varyaa Creations IPO | |
|---|---|---|
| Anchor Investor Reserveration | 18,41,000 shares | |
| Market Maker Reserveration | 4,10,000 shares | 70,000 shares |
| QIB | 12,28,000 shares | |
| NII | 9,22,000 shares | 6,35,000 shares |
| RII | 21,49,000 shares | 6,35,000 shares |
| Employee | ||
| Others | ||
| Total | 61,40,000 shares | 12,70,000 shares |
ABS Marine IPO subscribed 144.44x in total, whereas Varyaa Creations IPO subscribed 3.59x.
| ABS Marine IPO | Varyaa Creations IPO | |
|---|---|---|
| QIB (times) | 109.30x | |
| NII (times) | 270.94x | 1.08x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 110.24x | 6.09x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 144.44x | 3.59x |
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