Purv Flexipack IPO vs V R Infraspace IPO

Comparison between Purv Flexipack IPO and V R Infraspace IPO.

IPO Details

Purv Flexipack 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.

Issue Size and Price

The total issue size of Purv Flexipack IPO is up to ₹37.74 Cr whereas the issue size of the V R Infraspace IPO is up to ₹19.37 Cr. The final issue price of Purv Flexipack IPO is ₹71.00 per share and of V R Infraspace IPO is ₹85.00 per share.

 Purv Flexipack IPOV R Infraspace IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹70.00 per share
Issue Price (Upper)₹71.00 per share
Issue Price (Final)₹71.00 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 Size53,15,200 shares22,78,400 shares
Fresh Issue Size (Amount)up to ₹37.74 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 Total53,15,200 shares22,78,400 shares
Issue Size Total (Amount)up to ₹37.74 Crup to ₹19.37 Cr

IPO Timetable

Purv Flexipack IPO opens on Feb 27, 2024, while V R Infraspace IPO opens on Mar 04, 2024. The closing date of Purv Flexipack IPO and V R Infraspace IPO is Feb 29, 2024, and Mar 06, 2024, respectively.

 Purv Flexipack IPOV R Infraspace IPO
Anchor Bid DateFeb 26, 2024
Issue OpenFeb 27, 2024Mar 04, 2024
Issue CloseFeb 29, 2024Mar 06, 2024
Basis Of Allotment (Tentative)Mar 01, 2024Mar 07, 2024
Initiation of Refunds (Tentative)Mar 04, 2024Mar 11, 2024
Credit of Share (Tentative)Mar 04, 2024Mar 11, 2024
Listing date (Tentative)Mar 05, 2024Mar 12, 2024
Anchor Lockin End date 1Mar 31, 2024
Anchor Lockin End date 2May 30, 2024

Financials & KPIs

Purv Flexipack IPO P/E ratio is 13.17, as compared to V R Infraspace IPO P/E ratio of 20.99.

 Purv Flexipack IPOV R Infraspace IPO
Financials

Company Financials (Restated)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets283.16258.53181.47154.18
Total Income139.36341.08229.44137.80
Profit After Tax4.308.266.275.68
NET Worth81.5276.1967.9358.98
Reserves and Surplus67.4162.0753.8144.86
Total Borrowing150.14123.5183.4070.78
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets61.1843.2849.2154.79
Total Income7.3218.7613.8813.49
Profit After Tax0.902.620.800.72
NET Worth12.9012.129.498.70
Reserves and Surplus6.425.643.012.22
Total Borrowing6.619.7210.3916.76
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)92.17100
Promoter Shareholding (Post-Issue)72.97
P/E Ratio13.1720.99
Market Cap₹148.98 Cr.₹75.48 Cr.
ROE11.46%7.16%
ROCE18.50%6.12%
Debt/Equity1.620.51
EPS₹5.39₹4.05
RoNW10.84%6.94%

Shares Offered

In the Purv Flexipack IPO Retail Individual Investors (RII) are offered 19,00,800 shares while in V R Infraspace IPO retail investors are offered 19,00,800 shares. Qualified Institutional Buyers (QIB) are offered 10,52,800 shares in Purv Flexipack IPO and in V R Infraspace IPO.

 Purv Flexipack IPOV R Infraspace IPO
Anchor Investor Reservation15,16,800 shares
Market Maker Reservation3,48,800 shares1,21,600 shares
QIB10,52,800 shares
NII8,44,800 shares11,39,200 shares
RII19,00,800 shares11,39,200 shares
Employee
Others
Total53,15,200 shares22,78,400 shares

Bids Received (Subscription)

Purv Flexipack IPO subscribed 421.78x in total, whereas V R Infraspace IPO subscribed 93.41x.

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