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Proventus Agrocom IPO vs Vasa Denticity IPO

Comparison between Proventus Agrocom IPO and Vasa Denticity IPO.

IPO Details

Proventus Agrocom IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Vasa Denticity IPO is a SME Bookbuilding proposed to list at NSE SME.

 Proventus Agrocom IPOVasa Denticity IPO
LogoProventus Agrocom IPO LogoVasa Denticity IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersSundae Capital Advisors Pvt.Ltd.Hem Securities Ltd.
RegistrarBigshare Services Pvt.Ltd.MAS Services Ltd.
Market MakerAjcon Global Services Ltd.Hem Finlease 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 Proventus Agrocom IPO is up to ₹66.06 Cr whereas the issue size of the Vasa Denticity IPO is up to ₹51.30 Cr. The final issue price of Proventus Agrocom IPO is ₹771.00 per share and of Vasa Denticity IPO is ₹128.00 per share.

 Proventus Agrocom IPOVasa Denticity IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹121.00 per share
Issue Price (Upper)₹128.00 per share
Issue Price (Final)₹771.00 per share₹128.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size160 shares1000 shares
Fresh Issue Size6,26,653 shares29,58,000 shares
Fresh Issue Size (Amount)up to ₹48.31 Crup to ₹37.86 Cr
OFS Issue Size2,30,147 shares10,50,000 shares
OFS Issue Size (Amount)up to ₹17.74 Crup to ₹13.44 Cr
Issue Size Total8,56,800 shares40,08,000 shares
Issue Size Total (Amount)up to ₹66.06 Crup to ₹51.30 Cr

IPO Timetable

Proventus Agrocom IPO opens on May 24, 2023, while Vasa Denticity IPO opens on May 23, 2023. The closing date of Proventus Agrocom IPO and Vasa Denticity IPO is May 26, 2023, and May 25, 2023, respectively.

 Proventus Agrocom IPOVasa Denticity IPO
Anchor Bid DateMay 22, 2023
Issue OpenMay 24, 2023May 23, 2023
Issue CloseMay 26, 2023May 25, 2023
Basis Of Allotment (Tentative)May 31, 2023May 30, 2023
Initiation of Refunds (Tentative)Jun 01, 2023May 31, 2023
Credit of Share (Tentative)Jun 02, 2023Jun 01, 2023
Listing date (Tentative)Jun 05, 2023Jun 02, 2023
Anchor Lockin End date 1Jun 29, 2023
Anchor Lockin End date 2Aug 28, 2023

Financials & KPIs

Proventus Agrocom IPO P/E ratio is 186.23, as compared to Vasa Denticity IPO P/E ratio of 30.62.

 Proventus Agrocom IPOVasa Denticity IPO
Financials
Proventus Agrochem Limited Financial Information (Restated Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-208,936.9490,089.01-2,190.465,663.584,731.011,728.54
31-Mar-218,843.3630,173.92187.905,844.504,911.922,940.72
31-Mar-2210,131.1340,434.57114.035,966.755,034.173,444.05
31-Dec-229,735.3731,909.63189.826,167.315,234.743,061.13
Amount in ₹ Lakhs
Vasa Denticity Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20481.783,045.139.4427.207.2064.57
31-Mar-21691.054,017.7232.5859.7839.78197.24
31-Mar-221,945.917,714.08540.98600.76580.76326.29
31-Dec-222,695.188,757.11501.901,102.661,082.66266.31
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)92.2995.00
Promoter Shareholding (Post-Issue)70.8469.62
P/E Ratio186.2330.62
Market Cap₹264.27 Cr.₹205.01 Cr.
ROE0.04%0.46%
ROCE0.05%0.54%
Debt/Equity0.560.24
EPS₹4.14₹4.43
RoNW3.08%90.05%

Shares Offered

In the Proventus Agrocom IPO Retail Individual Investors (RII) are offered 4,28,450 shares while in Vasa Denticity IPO retail investors are offered 4,28,450 shares. Qualified Institutional Buyers (QIB) are offered in Proventus Agrocom IPO and 8,02,000 shares in Vasa Denticity IPO.

 Proventus Agrocom IPOVasa Denticity IPO
Anchor Investor Reserveration12,00,000 shares
Market Maker Reserveration45,120 shares2,16,000 shares
QIB8,02,000 shares
NII4,28,450 shares6,02,000 shares
RII4,28,450 shares14,04,000 shares
Employee
Others
Total8,56,900 shares40,08,000 shares

Bids Received (Subscription)

Proventus Agrocom IPO subscribed 2.70x in total, whereas Vasa Denticity IPO subscribed 73.14x.

 Proventus Agrocom IPOVasa Denticity IPO
QIB (times)37.26x
NII (times)4.65x156.09x
Big NII (times)
Small NII (times)
RII (times)0.74x58.07x
Employee (times)
Other (times)
Total (times)2.70x73.14x