Comparison between Iware Supplychain IPO and Vandan Foods IPO.
Iware Supplychain IPO is a SME Fixed Price IPO proposed to list at NSE SME while Vandan Foods IPO is a SME Fixed Price proposed to list at BSE SME.
| Iware Supplychain IPO | Vandan Foods IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Fixed Price |
| Listing At | NSE SME | BSE SME |
| Lead Managers | GetFive Advisors Pvt.Ltd. | Nirbhay Capital Services Pvt.Ltd. |
| Registrar | Kfin Technologies Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | SMC Global Securities Ltd. | Aftertrade Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | ||
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Iware Supplychain IPO is up to ₹25.76 Cr whereas the issue size of the Vandan Foods IPO is up to ₹28.84 Cr. The final issue price of Iware Supplychain IPO is ₹95.00 per share and of Vandan Foods IPO is ₹115.00 per share.
| Iware Supplychain IPO | Vandan Foods IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ||
| Issue Price (Upper) | ||
| Issue Price (Final) | ₹95.00 per share | ₹115.00 per share |
| Discount (Retail) | ₹0.00 per share | |
| Discount (Employee) | ||
| Market Lot Size | 1200 shares | 1200 shares |
| Fresh Issue Size | 27,12,000 shares | 25,08,000 shares |
| Fresh Issue Size (Amount) | up to ₹25.76 Cr | up to ₹28.84 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 | 27,12,000 shares | 25,08,000 shares |
| Issue Size Total (Amount) | up to ₹25.76 Cr | up to ₹28.84 Cr |
Iware Supplychain IPO opens on Apr 28, 2025, while Vandan Foods IPO opens on Jun 30, 2025. The closing date of Iware Supplychain IPO and Vandan Foods IPO is Apr 30, 2025, and Jul 02, 2025, respectively.
| Iware Supplychain IPO | Vandan Foods IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Apr 28, 2025 | Jun 30, 2025 |
| Issue Close | Apr 30, 2025 | Jul 02, 2025 |
| Basis Of Allotment (Tentative) | May 02, 2025 | Jul 03, 2025 |
| Initiation of Refunds (Tentative) | May 05, 2025 | Jul 04, 2025 |
| Credit of Share (Tentative) | May 05, 2025 | Jul 04, 2025 |
| Listing date (Tentative) | May 06, 2025 | Jul 07, 2025 |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
Iware Supplychain IPO P/E ratio is 9.31, as compared to Vandan Foods IPO P/E ratio of 24.98.
| Iware Supplychain IPO | Vandan Foods IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Iware Supplychain Services Limited Financial Information (Restated)Iware Supplychain Services Limited's revenue increased by 47% and profit after tax (PAT) rose by 92% between the financial year ending with March 31, 2025 and March 31, 2024.
| Vandan Foods Limited Financial Information (Restated)
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 100.00 | 96.94 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 73.35 | 66.42 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 9.31 | 24.98 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹101.80 Cr. | ₹96.43 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 58.52% | 45.41% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 30.34% | 37.33% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.84 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹10.20 | ₹4.60 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 51.05% | 27.92% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Iware Supplychain IPO Retail Individual Investors (RII) are offered 13,56,000 shares while in Vandan Foods IPO retail investors are offered 13,56,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Iware Supplychain IPO and 0 shares in Vandan Foods IPO.
| Iware Supplychain IPO | Vandan Foods IPO | |
|---|---|---|
| Anchor Investor Reserveration | ||
| Market Maker Reserveration | 1,44,000 shares | 1,32,000 shares |
| QIB | 0 shares | 0 shares |
| NII | 13,56,000 shares | 12,54,000 shares |
| RII | 13,56,000 shares | 12,54,000 shares |
| Employee | 0 shares | |
| Others | ||
| Total | 27,12,000 shares | 25,08,000 shares |
Iware Supplychain IPO subscribed 2.96x in total, whereas Vandan Foods IPO subscribed 1.75x.
| Iware Supplychain IPO | Vandan Foods IPO | |
|---|---|---|
| QIB (times) | ||
| NII (times) | 2.65x | 0.41x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 3.28x | 3.09x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 2.96x | 1.75x |
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