Comparison between IRIS Clothings IPO and Veeram Infra Engineering IPO.
IPO Details
IRIS Clothings IPO is a SME Fixed Price IPO proposed to list at NSE SME while Veeram Infra Engineering IPO is a SME Fixed Price proposed to list at BSE SME.
Issue Size and Price
The total issue size of IRIS Clothings IPO is up to ₹10.51 Cr whereas the issue size of the Veeram Infra Engineering IPO is up to ₹10.18 Cr. The final issue price of IRIS Clothings IPO is ₹90.00 per share and of Veeram Infra Engineering IPO is ₹51.00 per share.
IPO Timetable
IRIS Clothings IPO opens on Oct 10, 2018, while Veeram Infra Engineering IPO opens on Sep 28, 2018. The closing date of IRIS Clothings IPO and Veeram Infra Engineering IPO is Oct 12, 2018, and Oct 12, 2018, respectively.
| | IRIS Clothings IPO | Veeram Infra Engineering IPO |
|---|
| Issue Open | Oct 10, 2018 | Sep 28, 2018 |
| Issue Close | Oct 12, 2018 | Oct 12, 2018 |
| Basis Of Allotment (Tentative) | Oct 17, 2018 | Oct 17, 2018 |
| Initiation of Refunds (Tentative) | Oct 17, 2018 | |
| Credit of Share (Tentative) | Oct 19, 2018 | |
| Listing date (Tentative) | Oct 23, 2018 | Oct 23, 2018 |
Financials & KPIs
IRIS Clothings IPO P/E ratio is , as compared to Veeram Infra Engineering IPO P/E ratio of .
Shares Offered
In the IRIS Clothings IPO Retail Individual Investors (RII) are offered 5,84,000 shares while in Veeram Infra Engineering IPO retail investors are offered 5,84,000 shares. Qualified Institutional Buyers (QIB) are offered in IRIS Clothings IPO and in Veeram Infra Engineering IPO.
| | IRIS Clothings IPO | Veeram Infra Engineering IPO |
|---|
| Market Maker Reservation | 62,400 shares | 1,10,000 shares |
| NII | 5,84,000 shares | 9,98,000 shares |
| RII | 5,84,000 shares | 9,98,000 shares |
| Total | 11,68,000 shares | 19,96,000 shares |
Bids Received (Subscription)
IRIS Clothings IPO subscribed 1.14x in total, whereas Veeram Infra Engineering IPO subscribed 1.19x.
