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Olatech Solutions IPO vs Veekayem Fashion IPO

Comparison between Olatech Solutions IPO and Veekayem Fashion IPO.

IPO Details

Olatech Solutions IPO is a SME Fixed Price IPO proposed to list at BSE SME while Veekayem Fashion IPO is a SME Fixed Price proposed to list at NSE SME.

 Olatech Solutions IPOVeekayem Fashion IPO
LogoOlatech Solutions IPO LogoVeekayem Fashion IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMENSE SME
Lead ManagersShreni Shares Ltd.GYR Capital Advisors Pvt.Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Kfin Technologies Ltd.
Market MakerShreni Shares Ltd.Econo Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Olatech Solutions IPO is up to ₹1.77 Cr whereas the issue size of the Veekayem Fashion IPO is up to ₹4.21 Cr. The final issue price of Olatech Solutions IPO is ₹27.00 per share and of Veekayem Fashion IPO is ₹28.00 per share.

 Olatech Solutions IPOVeekayem Fashion IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹27.00 per share₹28.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size4000 shares4000 shares
Fresh Issue Size6,56,000 shares15,04,000 shares
Fresh Issue Size (Amount)up to ₹1.77 Crup to ₹4.21 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total6,56,000 shares15,04,000 shares
Issue Size Total (Amount)up to ₹1.77 Crup to ₹4.21 Cr

IPO Timetable

Olatech Solutions IPO opens on Aug 12, 2022, while Veekayem Fashion IPO opens on Aug 05, 2022. The closing date of Olatech Solutions IPO and Veekayem Fashion IPO is Aug 19, 2022, and Aug 11, 2022, respectively.

 Olatech Solutions IPOVeekayem Fashion IPO
Anchor Bid Date
Issue OpenAug 12, 2022Aug 05, 2022
Issue CloseAug 19, 2022Aug 11, 2022
Basis Of Allotment (Tentative)Aug 24, 2022Aug 17, 2022
Initiation of Refunds (Tentative)Aug 25, 2022Aug 18, 2022
Credit of Share (Tentative)Aug 26, 2022Aug 19, 2022
Listing date (Tentative)Aug 29, 2022Aug 22, 2022
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Olatech Solutions IPO P/E ratio is 18, as compared to Veekayem Fashion IPO P/E ratio of 8.72.

 Olatech Solutions IPOVeekayem Fashion IPO
Financials
Olatech Solutions Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-1971.0174.2110.4165.3764.37
31-Mar-20189.2835.3551.58116.96115.96
31-Mar-21148.69549.2312.32129.28128.28
31-Mar-22229.95262.1535164.28164
Amount in ₹ Lakhs
Veekayem Fashion and Apparels Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-1911789.320317.36228.312973.172331.38
31-Mar-2012090.421571.46109.12869.652440.48
31-Mar-2112351.957670.0635.252904.92475.73
31-Mar-2213267.1914947.02188.543095.282666.11
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)9254.31
Promoter Shareholding (Post-Issue)64.4839.67
P/E Ratio188.72
Market Cap₹6.32 Cr.₹16.45 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Olatech Solutions IPO Retail Individual Investors (RII) are offered 3,28,000 shares while in Veekayem Fashion IPO retail investors are offered 3,28,000 shares. Qualified Institutional Buyers (QIB) are offered in Olatech Solutions IPO and in Veekayem Fashion IPO.

 Olatech Solutions IPOVeekayem Fashion IPO
Anchor Investor Reserveration
Market Maker Reserveration44,000 shares80,000 shares
QIB
NII3,28,000 shares7,52,000 shares
RII3,28,000 shares7,52,000 shares
Employee
Others
Total6,56,000 shares15,04,000 shares

Bids Received (Subscription)

Olatech Solutions IPO subscribed 598.82x in total, whereas Veekayem Fashion IPO subscribed 301.47x.

 Olatech Solutions IPOVeekayem Fashion IPO
QIB (times)
NII (times)517.71x355.85x
Big NII (times)
Small NII (times)
RII (times)679.94x247.09x
Employee (times)
Other (times)
Total (times)598.82x301.47x