Comparison between Magson Retail IPO and Veefin Solutions IPO.
IPO Details
Magson Retail IPO is a SME Fixed Price IPO proposed to list at NSE SME while Veefin Solutions IPO is a SME Fixed Price proposed to list at BSE SME.
Issue Size and Price
The total issue size of Magson Retail IPO is up to ₹13.05 Cr whereas the issue size of the Veefin Solutions IPO is up to ₹44.37 Cr. The final issue price of Magson Retail IPO is ₹65.00 per share and of Veefin Solutions IPO is ₹82.00 per share.
| | Magson Retail IPO | Veefin Solutions IPO |
|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Final) | ₹65.00 per share | ₹82.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Market Lot Size | 2000 shares | 1600 shares |
| Fresh Issue Size | 20,08,000 shares | 25,61,600 shares |
| Fresh Issue Size (Amount) | up to ₹13.05 Cr | up to ₹21.01 Cr |
| OFS Issue Size | 0 shares | 28,49,600 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹23.37 Cr |
| Issue Size Total | 20,08,000 shares | 54,11,200 shares |
| Issue Size Total (Amount) | up to ₹13.05 Cr | up to ₹44.37 Cr |
IPO Timetable
Magson Retail IPO opens on Jun 23, 2023, while Veefin Solutions IPO opens on Jun 22, 2023. The closing date of Magson Retail IPO and Veefin Solutions IPO is Jun 27, 2023, and Jun 26, 2023, respectively.
| | Magson Retail IPO | Veefin Solutions IPO |
|---|
| Issue Open | Jun 23, 2023 | Jun 22, 2023 |
| Issue Close | Jun 27, 2023 | Jun 26, 2023 |
| Basis Of Allotment (Tentative) | Jul 03, 2023 | Jun 30, 2023 |
| Initiation of Refunds (Tentative) | Jul 04, 2023 | Jul 03, 2023 |
| Credit of Share (Tentative) | Jul 05, 2023 | Jul 04, 2023 |
| Listing date (Tentative) | Jul 06, 2023 | Jul 05, 2023 |
Financials & KPIs
Magson Retail IPO P/E ratio is 20.25, as compared to Veefin Solutions IPO P/E ratio of 41.41.
Shares Offered
In the Magson Retail IPO Retail Individual Investors (RII) are offered 10,04,000 shares while in Veefin Solutions IPO retail investors are offered 10,04,000 shares. Qualified Institutional Buyers (QIB) are offered in Magson Retail IPO and 0 shares in Veefin Solutions IPO.
| | Magson Retail IPO | Veefin Solutions IPO |
|---|
| Anchor Investor Reservation | | 0 shares |
| Market Maker Reservation | 1,06,000 shares | 2,88,000 shares |
| QIB | | 0 shares |
| NII | 10,04,000 shares | 27,05,600 shares |
| RII | 10,04,000 shares | 27,05,600 shares |
| Employee | | 0 shares |
| Total | 20,08,000 shares | 54,11,200 shares |
Bids Received (Subscription)
Magson Retail IPO subscribed 6.74x in total, whereas Veefin Solutions IPO subscribed 2.45x.
