Comparison between Sanstar IPO and Vraj Iron IPO.
Sanstar IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Vraj Iron IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.
The total issue size of Sanstar IPO is up to ₹510.15 Cr whereas the issue size of the Vraj Iron IPO is up to ₹171.00 Cr. The final issue price of Sanstar IPO is ₹95.00 per share and of Vraj Iron IPO is ₹207.00 per share.
| Sanstar IPO | Vraj Iron IPO | |
|---|---|---|
| Face Value | ₹2 per share | ₹10 per share |
| Issue Price (Lower) | ₹90.00 per share | ₹195.00 per share |
| Issue Price (Upper) | ₹95.00 per share | ₹207.00 per share |
| Issue Price (Final) | ₹95.00 per share | ₹207.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 150 shares | 72 shares |
| Fresh Issue Size | 4,18,00,000 shares | 82,60,869 shares |
| Fresh Issue Size (Amount) | up to ₹397.10 Cr | up to ₹171.00 Cr |
| OFS Issue Size | 1,19,00,000 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹113.05 Cr | up to ₹0.00 Cr |
| Issue Size Total | 5,37,00,000 shares | 82,60,869 shares |
| Issue Size Total (Amount) | up to ₹510.15 Cr | up to ₹171.00 Cr |
Sanstar IPO opens on Jul 19, 2024, while Vraj Iron IPO opens on Jun 26, 2024. The closing date of Sanstar IPO and Vraj Iron IPO is Jul 23, 2024, and Jun 28, 2024, respectively.
| Sanstar IPO | Vraj Iron IPO | |
|---|---|---|
| Anchor Bid Date | Jul 18, 2024 | Jun 25, 2024 |
| Issue Open | Jul 19, 2024 | Jun 26, 2024 |
| Issue Close | Jul 23, 2024 | Jun 28, 2024 |
| Basis Of Allotment (Tentative) | Jul 24, 2024 | Jul 01, 2024 |
| Initiation of Refunds (Tentative) | Jul 25, 2024 | Jul 02, 2024 |
| Credit of Share (Tentative) | Jul 25, 2024 | Jul 02, 2024 |
| Listing date (Tentative) | Jul 26, 2024 | Jul 03, 2024 |
| Anchor Lockin End date 1 | Aug 23, 2024 | Jul 31, 2024 |
| Anchor Lockin End date 2 | Oct 22, 2024 | Sep 29, 2024 |
Sanstar IPO P/E ratio is 19.98, as compared to Vraj Iron IPO P/E ratio of 9.48.
| Sanstar IPO | Vraj Iron IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Consolidated)
| Company Financials (Restated Consolidated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 99.77 | 99.99 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 70.37 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 19.98 | 9.48 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹1731.32 Cr. | ₹682.74 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 30.92% | 23.78% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 24.43% | 25.34% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.50 | 0.27 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹4.75 | ₹21.84 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 30.92% | 23.78% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Sanstar IPO Retail Individual Investors (RII) are offered 1,87,95,000 shares while in Vraj Iron IPO retail investors are offered 1,87,95,000 shares. Qualified Institutional Buyers (QIB) are offered 1,07,40,000 shares in Sanstar IPO and 16,52,174 shares in Vraj Iron IPO.
| Sanstar IPO | Vraj Iron IPO | |
|---|---|---|
| Anchor Investor Reservation | 1,61,10,000 shares | 24,78,259 shares |
| Market Maker Reservation | ||
| QIB | 1,07,40,000 shares | 16,52,174 shares |
| NII | 80,55,000 shares | 12,39,131 shares |
| RII | 1,87,95,000 shares | 28,91,305 shares |
| Employee | ||
| Others | ||
| Total | 5,37,00,000 shares | 82,60,869 shares |
Sanstar IPO subscribed 82.99x in total, whereas Vraj Iron IPO subscribed 126.36x.
| Sanstar IPO | Vraj Iron IPO | |
|---|---|---|
| QIB (times) | 145.68x | 173.99x |
| NII (times) | 136.49x | 221.66x |
| Big NII (times) | 149.44x | 217.50x |
| Small NII (times) | 110.61x | 229.99x |
| RII (times) | 24.23x | 58.31x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 82.99x | 126.36x |
