Plada Infotech IPO vs Vishnusurya Projects IPO

Comparison between Plada Infotech IPO and Vishnusurya Projects IPO.

IPO Details

Plada Infotech IPO is a SME Fixed Price IPO proposed to list at NSE SME while Vishnusurya Projects IPO is a SME Fixed Price proposed to list at NSE SME.

	Plada Infotech IPO	Vishnusurya Projects IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price	Fixed Price
Listing At	NSE SME	NSE SME
Lead Managers	Indorient Financial Services Ltd.	Khandwala Securities Ltd.
Registrar	Bigshare Services Pvt.Ltd.	Cameo Corporate Services Ltd.
Market Maker	Nikunj Stock Brokers Ltd.	Nikunj Stock Brokers Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Plada Infotech IPO is up to ₹11.74 Cr whereas the issue size of the Vishnusurya Projects IPO is up to ₹47.46 Cr. The final issue price of Plada Infotech IPO is ₹48.00 per share and of Vishnusurya Projects IPO is ₹68.00 per share.

	Plada Infotech IPO	Vishnusurya Projects IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹48.00 per share	₹68.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	3000 shares	2000 shares
Fresh Issue Size	24,45,000 shares	69,80,000 shares
Fresh Issue Size (Amount)	up to ₹11.74 Cr	up to ₹47.46 Cr
OFS Issue Size	0 shares	0 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹0.00 Cr
Issue Size Total	24,45,000 shares	69,80,000 shares
Issue Size Total (Amount)	up to ₹11.74 Cr	up to ₹47.46 Cr

IPO Timetable

Plada Infotech IPO opens on Sep 29, 2023, while Vishnusurya Projects IPO opens on Sep 29, 2023. The closing date of Plada Infotech IPO and Vishnusurya Projects IPO is Oct 05, 2023, and Oct 05, 2023, respectively.

	Plada Infotech IPO	Vishnusurya Projects IPO
Anchor Bid Date
Issue Open	Sep 29, 2023	Sep 29, 2023
Issue Close	Oct 05, 2023	Oct 05, 2023
Basis Of Allotment (Tentative)	Oct 09, 2023	Oct 09, 2023
Initiation of Refunds (Tentative)	Oct 10, 2023	Oct 10, 2023
Credit of Share (Tentative)	Oct 11, 2023	Oct 10, 2023
Listing date (Tentative)	Oct 13, 2023	Oct 10, 2023
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Plada Infotech IPO P/E ratio is 12.31, as compared to Vishnusurya Projects IPO P/E ratio of 2.69.

Plada Infotech IPO

Vishnusurya Projects IPO

Financials

Plada Infotech Services IPO Financial Information (Restated Consolidated)
Period Ended	31 Mar 2020	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	2,711.29	2,760.03	2,720.30	2,811.09
Total Income	5,068.20	4,460.86	4,887.39	6,275.12
Profit After Tax	119.93	66.71	109.87	233.82
Net Worth	342.60	408.44	518.10	752.70
Reserves and Surplus	341.60	407.44	498.10	552.70
Total Borrowing	1,989.85	1,952.59	1,771.67	1,654.13

Amount in ₹ Lakhs

Vishnusurya Projects and Infra IPO Financial Information (Restated Consolidated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	9,594.72	11,849.39	12,105.28
Total Income	6,339.33	9,603.62	13,326.06
Profit After Tax	229.18	2,158.97	1,736.64
Net Worth	3,573.72	4,155.88	5,952.39
Reserves and Surplus	3,078.32	3,660.48	5,043.99
Total Borrowing	1,472.32	3,489.49	3,625.24

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

89.50

88.74

Promoter Shareholding (Post-Issue)

62.64

62.24

P/E Ratio

12.31

2.69

Market Cap

₹41.16 Cr.

₹167.35 Cr.

ROE

37%

27.86%

ROCE

21%

31.22%

Debt/Equity

2.20

1.03

EPS

₹3.90

₹25.30

RoNW

31.07%

27.86%

Shares Offered

In the Plada Infotech IPO Retail Individual Investors (RII) are offered 12,22,500 shares while in Vishnusurya Projects IPO retail investors are offered 12,22,500 shares. Qualified Institutional Buyers (QIB) are offered in Plada Infotech IPO and in Vishnusurya Projects IPO.

	Plada Infotech IPO	Vishnusurya Projects IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,29,000 shares	3,70,000 shares
QIB
NII	12,22,500 shares	34,90,000 shares
RII	12,22,500 shares	34,90,000 shares
Employee
Others
Total	24,45,000 shares	69,80,000 shares

Bids Received (Subscription)

Plada Infotech IPO subscribed 57.85x in total, whereas Vishnusurya Projects IPO subscribed 44.11x.

	Plada Infotech IPO	Vishnusurya Projects IPO
QIB (times)
NII (times)	39.81x	36.32x
Big NII (times)
Small NII (times)
RII (times)	73.78x	43.63x
Employee (times)
Other (times)
Total (times)	57.85x	44.11x

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