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Owais Metal IPO vs V R Infraspace IPO

Comparison between Owais Metal IPO and V R Infraspace IPO.

IPO Details

Owais Metal IPO is a SME Fixed Price IPO proposed to list at NSE SME while V R Infraspace IPO is a SME Fixed Price proposed to list at NSE SME.

 Owais Metal IPOV R Infraspace IPO
LogoOwais Metal IPO LogoV R Infraspace IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMENSE SME
Lead ManagersGretex Corporate Services Ltd.Beeline Capital Advisors Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.MUFG Intime India Pvt.Ltd.
Market MakerGretex Share Broking Pvt.Ltd.Spread X Securities Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Owais Metal IPO is up to ₹39.70 Cr whereas the issue size of the V R Infraspace IPO is up to ₹19.37 Cr. The final issue price of Owais Metal IPO is ₹87.00 per share and of V R Infraspace IPO is ₹85.00 per share.

 Owais Metal IPOV R Infraspace IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹83.00 per share
Issue Price (Upper)₹87.00 per share
Issue Price (Final)₹87.00 per share₹85.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares1600 shares
Fresh Issue Size45,63,200 shares22,78,400 shares
Fresh Issue Size (Amount)up to ₹39.70 Crup to ₹19.37 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total45,63,200 shares22,78,400 shares
Issue Size Total (Amount)up to ₹39.70 Crup to ₹19.37 Cr

IPO Timetable

Owais Metal IPO opens on Feb 26, 2024, while V R Infraspace IPO opens on Mar 04, 2024. The closing date of Owais Metal IPO and V R Infraspace IPO is Feb 28, 2024, and Mar 06, 2024, respectively.

 Owais Metal IPOV R Infraspace IPO
Anchor Bid DateFeb 23, 2024
Issue OpenFeb 26, 2024Mar 04, 2024
Issue CloseFeb 28, 2024Mar 06, 2024
Basis Of Allotment (Tentative)Feb 29, 2024Mar 07, 2024
Initiation of Refunds (Tentative)Mar 01, 2024Mar 11, 2024
Credit of Share (Tentative)Mar 01, 2024Mar 11, 2024
Listing date (Tentative)Mar 04, 2024Mar 12, 2024
Anchor Lockin End date 1Mar 30, 2024
Anchor Lockin End date 2May 29, 2024

Financials & KPIs

Owais Metal IPO P/E ratio is 21.35, as compared to V R Infraspace IPO P/E ratio of 20.99.

 Owais Metal IPOV R Infraspace IPO
Financials

Owais Metal and Mineral Processing Limited Financial Information (Restated)

Period Ended31 Dec 202331 Mar 2023
Assets5,164.23379.62
Total Income3,977.54
Profit After Tax765.47-12.72
Net Worth2,122.7757.28
Reserves and Surplus795.2544.28
Total Borrowing1,350.59321.29
Amount in ₹ Lakhs

V R Infraspace Limited Financial Information (Restated Consolidated)

V R Infraspace Limited's revenue increased by 35.16% and profit after tax (PAT) rose by 229.16% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets6,117.914,328.384,920.595,479.20
Total Income732.411,875.531,387.651,348.70
Profit After Tax89.54262.4779.7472.04
Net Worth1,290.101,211.86949.39869.65
Reserves and Surplus642.10563.86301.39221.65
Total Borrowing661.36971.871,038.551,676.31
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)100.00100
Promoter Shareholding (Post-Issue)73.0172.97
P/E Ratio21.3520.99
Market Cap₹158.19 Cr.₹75.48 Cr.
ROE-5.35%7.16%
ROCE6.12%
Debt/Equity5.610.51
EPS₹4.08₹4.05
RoNW-22.22%6.94%

Shares Offered

In the Owais Metal IPO Retail Individual Investors (RII) are offered 15,98,400 shares while in V R Infraspace IPO retail investors are offered 15,98,400 shares. Qualified Institutional Buyers (QIB) are offered 9,12,000 shares in Owais Metal IPO and in V R Infraspace IPO.

 Owais Metal IPOV R Infraspace IPO
Anchor Investor Reserveration13,68,000 shares
Market Maker Reserveration3,44,000 shares1,21,600 shares
QIB9,12,000 shares
NII6,84,800 shares11,39,200 shares
RII15,98,400 shares11,39,200 shares
Employee
Others
Total45,63,200 shares22,78,400 shares

Bids Received (Subscription)

Owais Metal IPO subscribed 221.18x in total, whereas V R Infraspace IPO subscribed 93.41x.

 Owais Metal IPOV R Infraspace IPO
QIB (times)92.06x
NII (times)329.36x85.21x
Big NII (times)
Small NII (times)
RII (times)248.50x90.55x
Employee (times)
Other (times)
Total (times)221.18x93.41x