Bright Outdoor Media IPO vs Vertexplus Technologies IPO

Comparison between Bright Outdoor Media IPO and Vertexplus Technologies IPO.

IPO Details

Bright Outdoor Media IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Vertexplus Technologies IPO is a SME Bookbuilding proposed to list at NSE SME.

Issue Size and Price

The total issue size of Bright Outdoor Media IPO is up to ₹52.65 Cr whereas the issue size of the Vertexplus Technologies IPO is up to ₹13.49 Cr. The final issue price of Bright Outdoor Media IPO is ₹146.00 per share and of Vertexplus Technologies IPO is ₹96.00 per share.

 Bright Outdoor Media IPOVertexplus Technologies IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹91.00 per share
Issue Price (Upper)₹96.00 per share
Issue Price (Final)₹146.00 per share₹96.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1000 shares1200 shares
Fresh Issue Size36,06,000 shares14,05,200 shares
Fresh Issue Size (Amount)up to ₹52.65 Crup to ₹13.49 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total36,06,000 shares14,05,200 shares
Issue Size Total (Amount)up to ₹52.65 Crup to ₹13.49 Cr

IPO Timetable

Bright Outdoor Media IPO opens on Mar 14, 2023, while Vertexplus Technologies IPO opens on Mar 02, 2023. The closing date of Bright Outdoor Media IPO and Vertexplus Technologies IPO is Mar 17, 2023, and Mar 06, 2023, respectively.

 Bright Outdoor Media IPOVertexplus Technologies IPO
Anchor Bid DateMar 01, 2023
Issue OpenMar 14, 2023Mar 02, 2023
Issue CloseMar 17, 2023Mar 06, 2023
Basis Of Allotment (Tentative)Mar 22, 2023Mar 10, 2023
Initiation of Refunds (Tentative)Mar 23, 2023Mar 13, 2023
Credit of Share (Tentative)Mar 24, 2023Mar 14, 2023
Listing date (Tentative)Mar 24, 2023Mar 15, 2023
Anchor Lockin End date 1Apr 09, 2023
Anchor Lockin End date 2Jun 08, 2023

Financials & KPIs

Bright Outdoor Media IPO P/E ratio is 24.21, as compared to Vertexplus Technologies IPO P/E ratio of 28.83.

 Bright Outdoor Media IPOVertexplus Technologies IPO
Financials

Company Financials (Restated Standalone)

Period Ended30 Sep 202231 Mar 202231 Mar 202131 Mar 2020
Assets92.7494.5197.02101.35
Total Income45.1850.9024.9571.51
Profit After Tax4.202.591.081.71
NET Worth40.9236.7934.3533.50
Total Borrowing29.9740.8348.2051.86
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended30 Sep 202231 Mar 202231 Mar 202131 Mar 2020
Assets15.9913.0911.049.90
Total Income10.9221.3220.2619.64
Profit After Tax0.911.861.050.61
NET Worth8.086.734.873.80
Reserves and Surplus4.082.734.863.79
Total Borrowing3.612.792.272.10
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99.99100.00
Promoter Shareholding (Post-Issue)72.72
P/E Ratio24.2128.83
Market Cap₹203.36 Cr.₹52.60 Cr.
ROE728.06
ROCE18.5243.02
Debt/Equity1.110.37
EPS₹2.56₹4.56
RoNW7.0424.61

Shares Offered

In the Bright Outdoor Media IPO Retail Individual Investors (RII) are offered 18,03,000 shares while in Vertexplus Technologies IPO retail investors are offered 18,03,000 shares. Qualified Institutional Buyers (QIB) are offered in Bright Outdoor Media IPO and 2,86,800 shares in Vertexplus Technologies IPO.

 Bright Outdoor Media IPOVertexplus Technologies IPO
Anchor Investor Reservation4,15,200 shares
Market Maker Reservation1,94,000 shares74,400 shares
QIB2,86,800 shares
NII18,03,000 shares2,11,200 shares
RII18,03,000 shares4,92,000 shares
Employee
Others
Total36,06,000 shares14,05,200 shares

Bids Received (Subscription)

Bright Outdoor Media IPO subscribed 1.27x in total, whereas Vertexplus Technologies IPO subscribed 11.01x.

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