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Emmforce Autotech IPO vs Varyaa Creations IPO

Comparison between Emmforce Autotech IPO and Varyaa Creations IPO.

IPO Details

Emmforce Autotech IPO is a SME Fixed Price IPO proposed to list at BSE SME while Varyaa Creations IPO is a SME Fixed Price proposed to list at BSE SME.

 Emmforce Autotech IPOVaryaa Creations IPO
LogoEmmforce Autotech IPO LogoVaryaa Creations IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtBSE SMEBSE SME
Lead ManagersBeeline Capital Advisors Pvt.Ltd.Inventure Merchant Banker Services Pvt.Ltd.
RegistrarMUFG Intime India Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerSpread X Securities Pvt.Ltd.Svcm Securities Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Emmforce Autotech IPO is up to ₹51.19 Cr whereas the issue size of the Varyaa Creations IPO is up to ₹19.05 Cr. The final issue price of Emmforce Autotech IPO is ₹98.00 per share and of Varyaa Creations IPO is ₹150.00 per share.

 Emmforce Autotech IPOVaryaa Creations IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹93.00 per share
Issue Price (Upper)₹98.00 per share
Issue Price (Final)₹98.00 per share₹150.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size1200 shares1000 shares
Fresh Issue Size52,23,600 shares12,70,000 shares
Fresh Issue Size (Amount)up to ₹51.19 Crup to ₹19.05 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total52,23,600 shares12,70,000 shares
Issue Size Total (Amount)up to ₹51.19 Crup to ₹19.05 Cr

IPO Timetable

Emmforce Autotech IPO opens on Apr 23, 2024, while Varyaa Creations IPO opens on Apr 22, 2024. The closing date of Emmforce Autotech IPO and Varyaa Creations IPO is Apr 25, 2024, and Apr 25, 2024, respectively.

 Emmforce Autotech IPOVaryaa Creations IPO
Anchor Bid DateApr 22, 2024
Issue OpenApr 23, 2024Apr 22, 2024
Issue CloseApr 25, 2024Apr 25, 2024
Basis Of Allotment (Tentative)Apr 26, 2024Apr 26, 2024
Initiation of Refunds (Tentative)Apr 29, 2024Apr 29, 2024
Credit of Share (Tentative)Apr 29, 2024Apr 29, 2024
Listing date (Tentative)Apr 30, 2024Apr 30, 2024
Anchor Lockin End date 1May 26, 2024
Anchor Lockin End date 2Jul 25, 2024

Financials & KPIs

Emmforce Autotech IPO P/E ratio is 33.5, as compared to Varyaa Creations IPO P/E ratio of 65.56.

 Emmforce Autotech IPOVaryaa Creations IPO
Financials

Company Financials (Restated)

Period Ended31 Oct 202331 Mar 202331 Mar 202231 Mar 2021
Assets55.9748.9552.5733.84
Total Income47.9048.7571.3851.85
Profit After Tax5.124.397.335.09
NET Worth15.0023.4521.2915.25
Reserves and Surplus0.44
Total Borrowing24.0415.3516.515.02
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets10.4920.011.442.18
Total Income17.625.382.530.12
Profit After Tax3.510.790.58-0.13
NET Worth4.110.59-0.19-0.77
Reserves and Surplus0.660.44-0.34-0.92
Total Borrowing0.452.84
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100%100%
Promoter Shareholding (Post-Issue)73.17%72.02%
P/E Ratio33.565.56
Market Cap₹200.90 Cr.₹71.85 Cr.
ROE85.52
ROCE114.57
EPS₹2.93₹2.29
RoNW2.8385.52

Shares Offered

In the Emmforce Autotech IPO Retail Individual Investors (RII) are offered 18,28,800 shares while in Varyaa Creations IPO retail investors are offered 18,28,800 shares. Qualified Institutional Buyers (QIB) are offered 10,45,200 shares in Emmforce Autotech IPO and in Varyaa Creations IPO.

 Emmforce Autotech IPOVaryaa Creations IPO
Anchor Investor Reservation15,66,000 shares
Market Maker Reservation2,76,000 shares70,000 shares
QIB10,45,200 shares
NII7,83,600 shares6,35,000 shares
RII18,28,800 shares6,35,000 shares
Total52,23,600 shares12,70,000 shares

Bids Received (Subscription)

Emmforce Autotech IPO subscribed 255.13x in total, whereas Varyaa Creations IPO subscribed 3.58x.

 Emmforce Autotech IPOVaryaa Creations IPO
QIB (times)160.58x
NII (times)861.98x1.08x
RII (times)267.62x6.08x
Total (times)255.13x3.58x

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Compare:

Emmforce Autotech IPO Vs Varyaa Creations IPO