Sabar Flex IPO vs Virtuoso Optoelectronics IPO

Comparison between Sabar Flex IPO and Virtuoso Optoelectronics IPO.

IPO Details

Sabar Flex IPO is a SME Fixed Price IPO proposed to list at NSE SME while Virtuoso Optoelectronics IPO is a SME Fixed Price proposed to list at BSE SME.

	Sabar Flex IPO	Virtuoso Optoelectronics IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price	Fixed Price
Listing At	NSE SME	BSE SME
Lead Managers	GYR Capital Advisors Pvt.Ltd.	Fedex Securities Pvt.Ltd.
Registrar	Bigshare Services Pvt.Ltd.	Cameo Corporate Services Ltd.
Market Maker	Econo Broking Pvt.Ltd.	Gretex Share Broking Pvt.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 Sabar Flex IPO is up to ₹4.25 Cr whereas the issue size of the Virtuoso Optoelectronics IPO is up to ₹28.67 Cr. The final issue price of Sabar Flex IPO is ₹11.00 per share and of Virtuoso Optoelectronics IPO is ₹56.00 per share.

	Sabar Flex IPO	Virtuoso Optoelectronics IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹11.00 per share	₹56.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	10000 shares	2000 shares
Fresh Issue Size	38,60,000 shares	51,20,000 shares
Fresh Issue Size (Amount)	up to ₹4.25 Cr	up to ₹28.67 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	38,60,000 shares	51,20,000 shares
Issue Size Total (Amount)	up to ₹4.25 Cr	up to ₹28.67 Cr

IPO Timetable

Sabar Flex IPO opens on Sep 08, 2022, while Virtuoso Optoelectronics IPO opens on Sep 02, 2022. The closing date of Sabar Flex IPO and Virtuoso Optoelectronics IPO is Sep 13, 2022, and Sep 07, 2022, respectively.

	Sabar Flex IPO	Virtuoso Optoelectronics IPO
Anchor Bid Date
Issue Open	Sep 08, 2022	Sep 02, 2022
Issue Close	Sep 13, 2022	Sep 07, 2022
Basis Of Allotment (Tentative)	Sep 16, 2022	Sep 12, 2022
Initiation of Refunds (Tentative)	Sep 19, 2022	Sep 13, 2022
Credit of Share (Tentative)	Sep 20, 2022	Sep 14, 2022
Listing date (Tentative)	Sep 21, 2022	Sep 15, 2022
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Sabar Flex IPO P/E ratio is 9.48, as compared to Virtuoso Optoelectronics IPO P/E ratio of 6.92.

Sabar Flex IPO

Virtuoso Optoelectronics IPO

Financials

Sabar Flex India Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	4090.92	6364.32	89.8	1258.44	158.49
31-Mar-21	5162.08	7397.88	139.84	1398.28	298.33
31-Mar-22	5187.24	7237.01	174.28	1572.56	472.61
Amount in ₹ Lakhs

Virtuoso Optoelectronics Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	5719.08	6839.34	140.89	1123.99	957.57
31-Mar-21	7989.63	11551.3	208.33	1332.32	1165.9
31-Mar-22	12555.51	20028.2	394.01	2126.34	628.08
30-Jun-22	13350.85	7399.61	412.34	2538.68	1040.43
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

53.25

100

Promoter Shareholding (Post-Issue)

39.00

73.51

P/E Ratio

9.48

6.92

Market Cap

₹16.58 Cr.

₹114.14 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Sabar Flex IPO Retail Individual Investors (RII) are offered 19,30,000 shares while in Virtuoso Optoelectronics IPO retail investors are offered 19,30,000 shares. Qualified Institutional Buyers (QIB) are offered in Sabar Flex IPO and in Virtuoso Optoelectronics IPO.

	Sabar Flex IPO	Virtuoso Optoelectronics IPO
Anchor Investor Reserveration
Market Maker Reserveration	2,10,000 shares	2,80,000 shares
QIB
NII	19,30,000 shares	25,60,000 shares
RII	19,30,000 shares	25,60,000 shares
Employee
Others
Total	38,60,000 shares	51,20,000 shares

Bids Received (Subscription)

Sabar Flex IPO subscribed 85.47x in total, whereas Virtuoso Optoelectronics IPO subscribed 96.91x.

	Sabar Flex IPO	Virtuoso Optoelectronics IPO
QIB (times)
NII (times)	116.46x	112.87x
Big NII (times)
Small NII (times)
RII (times)	54.47x	80.95x
Employee (times)
Other (times)
Total (times)	85.47x	96.91x

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