Aeron Composite IPO vs Vdeal System IPO

Comparison between Aeron Composite IPO and Vdeal System IPO.

IPO Details

Aeron Composite IPO is a SME Fixed Price IPO proposed to list at NSE SME while Vdeal System IPO is a SME Fixed Price proposed to list at NSE SME.

	Aeron Composite IPO	Vdeal System IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Fixed Price
Listing At	NSE SME	NSE SME
Lead Managers	Hem Securities Ltd.	Affinity Global Capital Market Pvt.Ltd.
Registrar	Maashitla Securities Pvt.Ltd.	Cameo Corporate Services Ltd.
Market Maker	Hem Finlease Pvt.Ltd.	Black Fox Financial Pvt.Ltd.
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 Aeron Composite IPO is up to ₹53.25 Cr whereas the issue size of the Vdeal System IPO is up to ₹17.16 Cr. The final issue price of Aeron Composite IPO is ₹125.00 per share and of Vdeal System IPO is ₹112.00 per share.

	Aeron Composite IPO	Vdeal System IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹121.00 per share
Issue Price (Upper)	₹125.00 per share
Issue Price (Final)	₹125.00 per share	₹112.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)	₹0.00 per share
Market Lot Size	1000 shares	1200 shares
Fresh Issue Size	42,60,000 shares	15,32,400 shares
Fresh Issue Size (Amount)	up to ₹53.25 Cr	up to ₹17.16 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	42,60,000 shares	15,32,400 shares
Issue Size Total (Amount)	up to ₹53.25 Cr	up to ₹17.16 Cr

IPO Timetable

Aeron Composite IPO opens on Aug 28, 2024, while Vdeal System IPO opens on Aug 27, 2024. The closing date of Aeron Composite IPO and Vdeal System IPO is Aug 30, 2024, and Aug 29, 2024, respectively.

	Aeron Composite IPO	Vdeal System IPO
Anchor Bid Date	Aug 27, 2024
Issue Open	Aug 28, 2024	Aug 27, 2024
Issue Close	Aug 30, 2024	Aug 29, 2024
Basis Of Allotment (Tentative)	Sep 02, 2024	Aug 30, 2024
Initiation of Refunds (Tentative)	Sep 03, 2024	Sep 02, 2024
Credit of Share (Tentative)	Sep 03, 2024	Sep 02, 2024
Listing date (Tentative)	Sep 04, 2024	Sep 03, 2024
Anchor Lockin End date 1	Oct 02, 2024
Anchor Lockin End date 2	Dec 01, 2024

Financials & KPIs

Aeron Composite IPO P/E ratio is 23.69, as compared to Vdeal System IPO P/E ratio of 11.79.

Aeron Composite IPO

Vdeal System IPO

Financials

Aeron Composite Limited Financial Information (Restated)

Period Ended	29 Feb 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	9,979.42	6,910.21	6,063.23	4,360.19
Total Income	18,080.35	18,199.26	10,992.5	7,906.12
Profit After Tax	942.23	661.15	362.12	255.3
Net Worth	3,478.19	2,535.96	1,557.35	1,208.23
Reserves and Surplus	3,321.54	2,379.31	1,427.35	1,078.23
Total Borrowing	1,208.23	1,399.62	1,255.54	1,042.7
Amount in ₹ Lakhs

Vdeal System Limited Financial Information (Restated)

Vdeal System Limited's revenue increased by 26% and profit after tax (PAT) rose by 183% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	2,727.93	1,544.44	1,142.33
Total Income	2,625.08	2,075.41	1,623.96
Profit After Tax	311.38	110.09	23.1
Net Worth	628.75	341.83	231.73
Reserves and Surplus	301.1	312.04	201.95
Total Borrowing	937.67	621.02	639.51
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00

99.97

Promoter Shareholding (Post-Issue)

73.63

66.96

P/E Ratio

23.69

11.79

Market Cap

₹212.75 Cr.

₹54.77 Cr.

ROE

31.33

49.52%

ROCE

29.67

32.83%

Debt/Equity

0.35

1.49

EPS

₹5.28

₹9.50

RoNW

27.09

49.52%

Shares Offered

In the Aeron Composite IPO Retail Individual Investors (RII) are offered 14,18,000 shares while in Vdeal System IPO retail investors are offered 14,18,000 shares. Qualified Institutional Buyers (QIB) are offered 8,10,000 shares in Aeron Composite IPO and in Vdeal System IPO.

	Aeron Composite IPO	Vdeal System IPO
Anchor Investor Reserveration	12,14,000 shares
Market Maker Reserveration	2,28,000 shares	81,600 shares
QIB	8,10,000 shares
NII	6,08,000 shares	7,65,600 shares
RII	14,18,000 shares	7,66,800 shares
Employee	2,10,000 shares
Others
Total	42,60,000 shares	15,32,400 shares

Bids Received (Subscription)

Aeron Composite IPO subscribed 41.07x in total, whereas Vdeal System IPO subscribed 71.38x.

	Aeron Composite IPO	Vdeal System IPO
QIB (times)	27.82x
NII (times)	75.53x	61.46x
Big NII (times)
Small NII (times)
RII (times)	33.77x	76.70x
Employee (times)
Other (times)
Total (times)	41.07x	71.38x

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