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Modi's Navnirman IPO vs Veerkrupa Jewellers IPO

Comparison between Modi's Navnirman IPO and Veerkrupa Jewellers IPO.

IPO Details

Modi's Navnirman IPO is a SME Fixed Price IPO proposed to list at BSE SME while Veerkrupa Jewellers IPO is a SME Fixed Price proposed to list at BSE SME.

 Modi's Navnirman IPOVeerkrupa Jewellers IPO
LogoModi's Navnirman IPO LogoVeerkrupa Jewellers IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMEBSE SME
Lead ManagersAryaman Financial Services Ltd.First Overseas Capital Ltd.
RegistrarBigshare Services Pvt.Ltd.Kfin Technologies Ltd.
Market MakerAryaman Capital Markets Ltd.Beeline Broking Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Modi's Navnirman IPO is up to ₹21.46 Cr whereas the issue size of the Veerkrupa Jewellers IPO is up to ₹7.69 Cr. The final issue price of Modi's Navnirman IPO is ₹180.00 per share and of Veerkrupa Jewellers IPO is ₹27.00 per share.

 Modi's Navnirman IPOVeerkrupa Jewellers IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹180.00 per share₹27.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size800 shares4000 shares
Fresh Issue Size11,92,000 shares28,48,000 shares
Fresh Issue Size (Amount)up to ₹21.46 Crup to ₹7.69 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total11,92,000 shares28,48,000 shares
Issue Size Total (Amount)up to ₹21.46 Crup to ₹7.69 Cr

IPO Timetable

Modi's Navnirman IPO opens on Jun 23, 2022, while Veerkrupa Jewellers IPO opens on Jun 29, 2022. The closing date of Modi's Navnirman IPO and Veerkrupa Jewellers IPO is Jun 28, 2022, and Jul 08, 2022, respectively.

 Modi's Navnirman IPOVeerkrupa Jewellers IPO
Anchor Bid Date
Issue OpenJun 23, 2022Jun 29, 2022
Issue CloseJun 28, 2022Jul 08, 2022
Basis Of Allotment (Tentative)Jul 01, 2022Jul 08, 2022
Initiation of Refunds (Tentative)Jul 04, 2022Jul 11, 2022
Credit of Share (Tentative)Jul 05, 2022Jul 12, 2022
Listing date (Tentative)Jul 06, 2022Jul 18, 2022
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Modi's Navnirman IPO P/E ratio is 57.32, as compared to Veerkrupa Jewellers IPO P/E ratio of 75.

 Modi's Navnirman IPOVeerkrupa Jewellers IPO
Financials
Modi's Navnirman Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After Tax
31-Mar-20998.482195.46139.78
31-Mar-21735.211322.3437.83
31-Mar-223098.291151.07132.7
Amount in ₹ Lakhs
Veerkrupa Jewellers Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxReserves and Surplus
31-Mar-19335.48165.328.278.27
31-Mar-20520.461094.860.71302.69
31-Mar-211034.77463.281.07303.76
31-Dec-211159.981002.6421.4325.16
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)99.9879.94
Promoter Shareholding (Post-Issue)70.2049.44
P/E Ratio57.3275
Market Cap₹76.14 Cr.₹21.23 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Modi's Navnirman IPO Retail Individual Investors (RII) are offered 5,96,000 shares while in Veerkrupa Jewellers IPO retail investors are offered 5,96,000 shares. Qualified Institutional Buyers (QIB) are offered in Modi's Navnirman IPO and in Veerkrupa Jewellers IPO.

 Modi's Navnirman IPOVeerkrupa Jewellers IPO
Anchor Investor Reserveration
Market Maker Reserveration68,000 shares1,52,000 shares
QIB
NII5,96,000 shares14,24,000 shares
RII5,96,000 shares14,24,000 shares
Employee
Others
Total11,92,000 shares28,48,000 shares

Bids Received (Subscription)

Modi's Navnirman IPO subscribed 1.99x in total, whereas Veerkrupa Jewellers IPO subscribed 1.85x.

 Modi's Navnirman IPOVeerkrupa Jewellers IPO
QIB (times)
NII (times)2.76x1.04x
Big NII (times)
Small NII (times)
RII (times)1.22x2.67x
Employee (times)
Other (times)
Total (times)1.99x1.85x