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Hemant Surgical Industries IPO vs Vasa Denticity IPO

Comparison between Hemant Surgical Industries IPO and Vasa Denticity IPO.

IPO Details

Hemant Surgical Industries IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Vasa Denticity IPO is a SME Bookbuilding proposed to list at NSE SME.

 Hemant Surgical Industries IPOVasa Denticity IPO
LogoHemant Surgical Industries IPO LogoVasa Denticity IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersHem Securities Ltd.Hem Securities Ltd.
RegistrarBigshare Services Pvt.Ltd.MAS Services Ltd.
Market MakerHem Finlease Pvt.Ltd.Hem Finlease Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Hemant Surgical Industries IPO is up to ₹23.54 Cr whereas the issue size of the Vasa Denticity IPO is up to ₹51.30 Cr. The final issue price of Hemant Surgical Industries IPO is ₹90.00 per share and of Vasa Denticity IPO is ₹128.00 per share.

 Hemant Surgical Industries IPOVasa Denticity IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹85.00 per share₹121.00 per share
Issue Price (Upper)₹90.00 per share₹128.00 per share
Issue Price (Final)₹90.00 per share₹128.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares1000 shares
Fresh Issue Size26,16,000 shares29,58,000 shares
Fresh Issue Size (Amount)up to ₹23.54 Crup to ₹37.86 Cr
OFS Issue Size0 shares10,50,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹13.44 Cr
Issue Size Total26,16,000 shares40,08,000 shares
Issue Size Total (Amount)up to ₹23.54 Crup to ₹51.30 Cr

IPO Timetable

Hemant Surgical Industries IPO opens on May 24, 2023, while Vasa Denticity IPO opens on May 23, 2023. The closing date of Hemant Surgical Industries IPO and Vasa Denticity IPO is May 26, 2023, and May 25, 2023, respectively.

 Hemant Surgical Industries IPOVasa Denticity IPO
Anchor Bid DateMay 23, 2023May 22, 2023
Issue OpenMay 24, 2023May 23, 2023
Issue CloseMay 26, 2023May 25, 2023
Basis Of Allotment (Tentative)May 31, 2023May 30, 2023
Initiation of Refunds (Tentative)Jun 01, 2023May 31, 2023
Credit of Share (Tentative)Jun 02, 2023Jun 01, 2023
Listing date (Tentative)Jun 05, 2023Jun 02, 2023
Anchor Lockin End date 1Jun 30, 2023Jun 29, 2023
Anchor Lockin End date 2Aug 29, 2023Aug 28, 2023

Financials & KPIs

Hemant Surgical Industries IPO P/E ratio is 12.28, as compared to Vasa Denticity IPO P/E ratio of 30.62.

 Hemant Surgical Industries IPOVasa Denticity IPO
Financials
Hemant Surgical Industries Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-214,289.846,065.19114.53836.61653.381,446.35
31-Mar-225,437.5910,577.02461.401,298.011,114.78973.80
31-Mar-236,490.7911,149.68765.112,359.901,591.90711.92
Amount in ₹ Lakhs
Vasa Denticity Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20481.783,045.139.4427.207.2064.57
31-Mar-21691.054,017.7232.5859.7839.78197.24
31-Mar-221,945.917,714.08540.98600.76580.76326.29
31-Dec-222,695.188,757.11501.901,102.661,082.66266.31
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)100.0095.00
Promoter Shareholding (Post-Issue)73.5669.62
P/E Ratio12.2830.62
Market Cap₹93.96 Cr.₹205.01 Cr.
ROE32.42%0.46%
ROCE37.98%0.54%
Debt/Equity0.300.24
EPS₹10.26₹4.43
RoNW32.42%90.05%

Shares Offered

In the Hemant Surgical Industries IPO Retail Individual Investors (RII) are offered 9,16,800 shares while in Vasa Denticity IPO retail investors are offered 9,16,800 shares. Qualified Institutional Buyers (QIB) are offered 5,23,200 shares in Hemant Surgical Industries IPO and 8,02,000 shares in Vasa Denticity IPO.

 Hemant Surgical Industries IPOVasa Denticity IPO
Anchor Investor Reserveration7,82,400 shares12,00,000 shares
Market Maker Reserveration1,44,000 shares2,16,000 shares
QIB5,23,200 shares8,02,000 shares
NII3,93,600 shares6,02,000 shares
RII9,16,800 shares14,04,000 shares
Employee
Others
Total26,16,000 shares40,08,000 shares

Bids Received (Subscription)

Hemant Surgical Industries IPO subscribed 150.59x in total, whereas Vasa Denticity IPO subscribed 73.14x.

 Hemant Surgical Industries IPOVasa Denticity IPO
QIB (times)41.05x37.26x
NII (times)277.26x156.09x
Big NII (times)
Small NII (times)
RII (times)158.73x58.07x
Employee (times)
Other (times)
Total (times)150.59x73.14x