Comparison between Pentagon Rubber IPO and Veefin Solutions IPO.
Pentagon Rubber 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.
| Pentagon Rubber IPO | Veefin Solutions IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Fixed Price |
| Listing At | NSE SME | BSE SME |
| Lead Managers | Beeline Capital Advisors Pvt.Ltd. | Shreni Shares Ltd. |
| Registrar | MUFG Intime India Pvt.Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Sunflower Broking Pvt.Ltd. | Shreni Shares Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Pentagon Rubber IPO is up to ₹15.36 Cr whereas the issue size of the Veefin Solutions IPO is up to ₹44.37 Cr. The final issue price of Pentagon Rubber IPO is ₹70.00 per share and of Veefin Solutions IPO is ₹82.00 per share.
| Pentagon Rubber IPO | Veefin Solutions IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹65.00 per share | |
| Issue Price (Upper) | ₹70.00 per share | |
| Issue Price (Final) | ₹70.00 per share | ₹82.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 2000 shares | 1600 shares |
| Fresh Issue Size | 21,94,000 shares | 25,61,600 shares |
| Fresh Issue Size (Amount) | up to ₹15.36 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 | 21,94,000 shares | 54,11,200 shares |
| Issue Size Total (Amount) | up to ₹15.36 Cr | up to ₹44.37 Cr |
Pentagon Rubber IPO opens on Jun 26, 2023, while Veefin Solutions IPO opens on Jun 22, 2023. The closing date of Pentagon Rubber IPO and Veefin Solutions IPO is Jun 30, 2023, and Jun 26, 2023, respectively.
| Pentagon Rubber IPO | Veefin Solutions IPO | |
|---|---|---|
| Anchor Bid Date | Jun 23, 2023 | |
| Issue Open | Jun 26, 2023 | Jun 22, 2023 |
| Issue Close | Jun 30, 2023 | Jun 26, 2023 |
| Basis Of Allotment (Tentative) | Jul 05, 2023 | Jun 30, 2023 |
| Initiation of Refunds (Tentative) | Jul 06, 2023 | Jul 03, 2023 |
| Credit of Share (Tentative) | Jul 07, 2023 | Jul 04, 2023 |
| Listing date (Tentative) | Jul 07, 2023 | Jul 05, 2023 |
| Anchor Lockin End date 1 | Aug 04, 2023 | |
| Anchor Lockin End date 2 | Oct 03, 2023 |
Pentagon Rubber IPO P/E ratio is 18.76, as compared to Veefin Solutions IPO P/E ratio of 41.41.
| Pentagon Rubber IPO | Veefin Solutions IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Financials |
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| Promoter Shareholding (Pre-Issue) | 100 | 56.26 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 70.04 | 39.84 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 18.76 | 41.41 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹53.97 Cr. | ₹173.74 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 32.59% | 13.42% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 27.16% | 11.32% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 2.17 | 0.01 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹3.83 | ₹0.48 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 55.67% | 7.57% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Pentagon Rubber IPO Retail Individual Investors (RII) are offered 7,70,000 shares while in Veefin Solutions IPO retail investors are offered 7,70,000 shares. Qualified Institutional Buyers (QIB) are offered 4,38,000 shares in Pentagon Rubber IPO and in Veefin Solutions IPO.
| Pentagon Rubber IPO | Veefin Solutions IPO | |
|---|---|---|
| Anchor Investor Reserveration | 6,56,000 shares | |
| Market Maker Reserveration | 1,16,000 shares | 2,88,000 shares |
| QIB | 4,38,000 shares | |
| NII | 3,30,000 shares | 27,05,600 shares |
| RII | 7,70,000 shares | 27,05,600 shares |
| Employee | ||
| Others | ||
| Total | 21,94,000 shares | 54,11,200 shares |
Pentagon Rubber IPO subscribed 106.20x in total, whereas Veefin Solutions IPO subscribed 2.46x.
| Pentagon Rubber IPO | Veefin Solutions IPO | |
|---|---|---|
| QIB (times) | 27.62x | |
| NII (times) | 153.33x | 3.26x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 130.70x | 1.65x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 106.20x | 2.46x |
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