Rulka Electricals IPO vs Veritaas Advertising IPO

Comparison between Rulka Electricals IPO and Veritaas Advertising IPO.

IPO Details

Rulka Electricals IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Veritaas Advertising IPO is a SME Bookbuilding proposed to list at NSE SME.

Issue Size and Price

The total issue size of Rulka Electricals IPO is up to ₹25.07 Cr whereas the issue size of the Veritaas Advertising IPO is up to ₹8.06 Cr. The final issue price of Rulka Electricals IPO is ₹235.00 per share and of Veritaas Advertising IPO is ₹114.00 per share.

 Rulka Electricals IPOVeritaas Advertising IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹223.00 per share₹109.00 per share
Issue Price (Upper)₹235.00 per share₹114.00 per share
Issue Price (Final)₹235.00 per share₹114.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size600 shares1200 shares
Fresh Issue Size7,86,000 shares7,06,800 shares
Fresh Issue Size (Amount)up to ₹18.47 Crup to ₹8.06 Cr
OFS Issue Size2,80,800 shares0 shares
OFS Issue Size (Amount)up to ₹6.60 Crup to ₹0.00 Cr
Issue Size Total10,66,800 shares7,06,800 shares
Issue Size Total (Amount)up to ₹25.07 Crup to ₹8.06 Cr

IPO Timetable

Rulka Electricals IPO opens on May 16, 2024, while Veritaas Advertising IPO opens on May 13, 2024. The closing date of Rulka Electricals IPO and Veritaas Advertising IPO is May 21, 2024, and May 15, 2024, respectively.

 Rulka Electricals IPOVeritaas Advertising IPO
Anchor Bid DateMay 15, 2024May 10, 2024
Issue OpenMay 16, 2024May 13, 2024
Issue CloseMay 21, 2024May 15, 2024
Basis Of Allotment (Tentative)May 22, 2024May 16, 2024
Initiation of Refunds (Tentative)May 23, 2024May 17, 2024
Credit of Share (Tentative)May 23, 2024May 17, 2024
Listing date (Tentative)May 24, 2024May 21, 2024
Anchor Lockin End date 1Jun 21, 2024Jun 15, 2024
Anchor Lockin End date 2Aug 20, 2024Aug 14, 2024

Financials & KPIs

Rulka Electricals IPO P/E ratio is 28.62, as compared to Veritaas Advertising IPO P/E ratio of 54.

 Rulka Electricals IPOVeritaas Advertising IPO
Financials

Company Financials (Restated Standalone)

Period Ended29 Feb 202431 Mar 202331 Mar 202231 Mar 2021
Assets40.8228.2719.199.82
Total Income65.2846.9036.2719.60
Profit After Tax5.662.811.120.54
NET Worth12.905.572.771.65
Reserves and Surplus9.495.462.661.54
Total Borrowing11.055.272.812.31
Amount in ₹ Crore

Company Financials (Restated)

Period Ended10 Feb 202431 Mar 202331 Mar 202231 Mar 2021
Assets9.275.312.691.52
Total Income7.877.873.392.34
Profit After Tax1.570.440.130.20
NET Worth3.540.900.460.25
Reserves and Surplus1.460.810.370.24
Total Borrowing2.281.340.75
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)86.2888.74
Promoter Shareholding (Post-Issue)69.2288.74
P/E Ratio28.6254
Market Cap₹100.07 Cr.₹32.18 Cr.
ROE61.25%44.24%
ROCE33.67%39.65%
Debt/Equity2.160.64
EPS₹8.21₹2.11
RoNW43.85%44.23%

Shares Offered

In the Rulka Electricals IPO Retail Individual Investors (RII) are offered 3,73,800 shares while in Veritaas Advertising IPO retail investors are offered 3,73,800 shares. Qualified Institutional Buyers (QIB) are offered 2,13,600 shares in Rulka Electricals IPO and 1,77,600 shares in Veritaas Advertising IPO.

 Rulka Electricals IPOVeritaas Advertising IPO
Anchor Investor Reservation3,19,200 shares1,74,000 shares
Market Maker Reservation56,400 shares37,200 shares
QIB2,13,600 shares1,77,600 shares
NII1,60,200 shares1,06,800 shares
RII3,73,800 shares2,48,400 shares
Employee
Others
Total10,66,800 shares7,06,800 shares

Bids Received (Subscription)

Rulka Electricals IPO subscribed 676.83x in total, whereas Veritaas Advertising IPO subscribed 621.62x.

 Rulka Electricals IPOVeritaas Advertising IPO
QIB (times)204.22x102.41x
NII (times)1,350.15x629.56x
Big NII (times)
Small NII (times)
RII (times)658.32x989.44x
Employee (times)
Other (times)
Total (times)676.83x621.62x

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