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.
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.
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 IPO | Veerkrupa Jewellers IPO |
|---|
| Issue Open | Jun 23, 2022 | Jun 29, 2022 |
| Issue Close | Jun 28, 2022 | Jul 08, 2022 |
| Basis Of Allotment (Tentative) | Jul 01, 2022 | Jul 08, 2022 |
| Initiation of Refunds (Tentative) | Jul 04, 2022 | Jul 11, 2022 |
| Credit of Share (Tentative) | Jul 05, 2022 | Jul 12, 2022 |
| Listing date (Tentative) | Jul 06, 2022 | Jul 18, 2022 |
Financials & KPIs
Modi's Navnirman IPO P/E ratio is 57.32, as compared to Veerkrupa Jewellers IPO P/E ratio of 75.
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 IPO | Veerkrupa Jewellers IPO |
|---|
| Market Maker Reservation | 68,000 shares | 1,52,000 shares |
| NII | 5,96,000 shares | 14,24,000 shares |
| RII | 5,96,000 shares | 14,24,000 shares |
| Total | 11,92,000 shares | 28,48,000 shares |
Bids Received (Subscription)
Modi's Navnirman IPO subscribed 1.99x in total, whereas Veerkrupa Jewellers IPO subscribed 0.85x.
