Comparison between Aspire & Innovative IPO and Vruddhi Engineering Works IPO.
Aspire & Innovative IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Vruddhi Engineering Works IPO is a SME Bookbuilding proposed to list at BSE SME.
| Aspire & Innovative IPO | Vruddhi Engineering Works IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | NSE SME | BSE SME |
| Lead Managers | Hem Securities Ltd. | Fedex Securities Pvt.Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Hem Finlease Pvt.Ltd. | Rikhav Securities Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Aspire & Innovative IPO is up to ₹20.87 Cr whereas the issue size of the Vruddhi Engineering Works IPO is up to ₹4.51 Cr. The final issue price of Aspire & Innovative IPO is ₹54.00 per share and of Vruddhi Engineering Works IPO is ₹70.00 per share.
| Aspire & Innovative IPO | Vruddhi Engineering Works IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹51.00 per share | ₹66.00 per share |
| Issue Price (Upper) | ₹54.00 per share | ₹70.00 per share |
| Issue Price (Final) | ₹54.00 per share | ₹70.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 2000 shares | 2000 shares |
| Fresh Issue Size | 38,64,000 shares | 6,44,000 shares |
| Fresh Issue Size (Amount) | up to ₹20.87 Cr | up to ₹4.51 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 | 38,64,000 shares | 6,44,000 shares |
| Issue Size Total (Amount) | up to ₹20.87 Cr | up to ₹4.51 Cr |
Aspire & Innovative IPO opens on Mar 26, 2024, while Vruddhi Engineering Works IPO opens on Mar 26, 2024. The closing date of Aspire & Innovative IPO and Vruddhi Engineering Works IPO is Mar 28, 2024, and Mar 28, 2024, respectively.
| Aspire & Innovative IPO | Vruddhi Engineering Works IPO | |
|---|---|---|
| Anchor Bid Date | Mar 22, 2024 | |
| Issue Open | Mar 26, 2024 | Mar 26, 2024 |
| Issue Close | Mar 28, 2024 | Mar 28, 2024 |
| Basis Of Allotment (Tentative) | Apr 01, 2024 | Apr 01, 2024 |
| Initiation of Refunds (Tentative) | Apr 02, 2024 | Apr 02, 2024 |
| Credit of Share (Tentative) | Apr 02, 2024 | Apr 02, 2024 |
| Listing date (Tentative) | Apr 03, 2024 | Apr 03, 2024 |
| Anchor Lockin End date 1 | May 01, 2024 | |
| Anchor Lockin End date 2 | Jun 30, 2024 |
Aspire & Innovative IPO P/E ratio is 11.3, as compared to Vruddhi Engineering Works IPO P/E ratio of 17.13.
| Aspire & Innovative IPO | Vruddhi Engineering Works IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Standalone)
| Company Financials (Restated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 98.84 | 96.34 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 72.35 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 11.3 | 17.13 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹81.96 Cr. | ₹17.67 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 22.50% | 16.20% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 18.59% | 15.53% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.60 | 1.19 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹4.78 | ₹4.09 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 20.22% | 16.20% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Aspire & Innovative IPO Retail Individual Investors (RII) are offered 13,54,000 shares while in Vruddhi Engineering Works IPO retail investors are offered 13,54,000 shares. Qualified Institutional Buyers (QIB) are offered 7,74,000 shares in Aspire & Innovative IPO and 3,20,000 shares in Vruddhi Engineering Works IPO.
| Aspire & Innovative IPO | Vruddhi Engineering Works IPO | |
|---|---|---|
| Anchor Investor Reservation | 11,56,000 shares | |
| Market Maker Reservation | 2,04,000 shares | 36,000 shares |
| QIB | 7,74,000 shares | 3,20,000 shares |
| NII | 5,80,000 shares | 98,000 shares |
| RII | 13,54,000 shares | 2,26,000 shares |
| Employee | ||
| Others | ||
| Total | 38,64,000 shares | 6,44,000 shares |
Aspire & Innovative IPO subscribed 15.17x in total, whereas Vruddhi Engineering Works IPO subscribed 12.67x.
| Aspire & Innovative IPO | Vruddhi Engineering Works IPO | |
|---|---|---|
| QIB (times) | 5.21x | 1.05x |
| NII (times) | 25.60x | 28.14x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 16.39x | 20.10x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 15.17x | 12.67x |
