Comparison between Scoda Tubes IPO and Vikram Solar IPO.
Scoda Tubes IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Vikram Solar IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.
The total issue size of Scoda Tubes IPO is up to ₹220.00 Cr whereas the issue size of the Vikram Solar IPO is up to ₹2,079.37 Cr. The final issue price of Scoda Tubes IPO is ₹140.00 per share and of Vikram Solar IPO is ₹332.00 per share.
| Scoda Tubes IPO | Vikram Solar IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹130.00 per share | ₹315.00 per share |
| Issue Price (Upper) | ₹140.00 per share | ₹332.00 per share |
| Issue Price (Final) | ₹140.00 per share | ₹332.00 per share |
| Discount (Retail) | ₹0.00 per share | |
| Discount (Employee) | ||
| Market Lot Size | 100 shares | 45 shares |
| Fresh Issue Size | 1,57,14,200 shares | 4,51,80,722 shares |
| Fresh Issue Size (Amount) | up to ₹220.00 Cr | up to ₹1,500.00 Cr |
| OFS Issue Size | 0 shares | 1,74,50,882 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹579.37 Cr |
| Issue Size Total | 1,57,14,200 shares | 6,26,31,604 shares |
| Issue Size Total (Amount) | up to ₹220.00 Cr | up to ₹2,079.37 Cr |
Scoda Tubes IPO opens on May 28, 2025, while Vikram Solar IPO opens on Aug 19, 2025. The closing date of Scoda Tubes IPO and Vikram Solar IPO is May 30, 2025, and Aug 21, 2025, respectively.
| Scoda Tubes IPO | Vikram Solar IPO | |
|---|---|---|
| Anchor Bid Date | May 27, 2025 | Aug 18, 2025 |
| Issue Open | May 28, 2025 | Aug 19, 2025 |
| Issue Close | May 30, 2025 | Aug 21, 2025 |
| Basis Of Allotment (Tentative) | Jun 02, 2025 | Aug 22, 2025 |
| Initiation of Refunds (Tentative) | Jun 03, 2025 | Aug 25, 2025 |
| Credit of Share (Tentative) | Jun 03, 2025 | Aug 25, 2025 |
| Listing date (Tentative) | Jun 04, 2025 | Aug 26, 2025 |
| Anchor Lockin End date 1 | Jul 01, 2025 | Sep 20, 2025 |
| Anchor Lockin End date 2 | Aug 30, 2025 | Nov 19, 2025 |
Scoda Tubes IPO P/E ratio is 33.81, as compared to Vikram Solar IPO P/E ratio of 75.16.
| Scoda Tubes IPO | Vikram Solar IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Financials | Company Financials (Restated)
| Company Financials (Restated Consolidated)Vikram Solar Ltd.'s revenue increased by 37% and profit after tax (PAT) rose by 75% between the financial year ending with March 31, 2025 and March 31, 2024.
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| Promoter Shareholding (Pre-Issue) | 90.04 | 77.64 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 66.43 | 63.11 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 33.81 | 75.16 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹838.73 Cr. | ₹12009.01 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 28.77% | 16.57% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 15.92% | 24.49% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.19 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹4.14 | ₹4.42 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 28.77% | 11.26% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Scoda Tubes IPO Retail Individual Investors (RII) are offered 55,00,000 shares while in Vikram Solar IPO retail investors are offered 55,00,000 shares. Qualified Institutional Buyers (QIB) are offered 31,42,800 shares in Scoda Tubes IPO and 1,24,66,080 shares in Vikram Solar IPO.
| Scoda Tubes IPO | Vikram Solar IPO | |
|---|---|---|
| Anchor Investor Reservation | 47,14,200 shares | 1,86,99,120 shares |
| Market Maker Reservation | 0 shares | 0 shares |
| QIB | 31,42,800 shares | 1,24,66,080 shares |
| NII | 23,57,200 shares | 93,49,560 shares |
| RII | 55,00,000 shares | 2,18,15,640 shares |
| Employee | 0 shares | 3,01,204 shares |
| Others | ||
| Total | 1,57,14,200 shares | 6,26,31,604 shares |
Scoda Tubes IPO subscribed 57.37x in total, whereas Vikram Solar IPO subscribed 56.42x.
| Scoda Tubes IPO | Vikram Solar IPO | |
|---|---|---|
| QIB (times) | 72.97x | 145.10x |
| NII (times) | 121.72x | 52.87x |
| Big NII (times) | 135.31x | 59.58x |
| Small NII (times) | 94.54x | 39.46x |
| RII (times) | 20.89x | 7.98x |
| Employee (times) | 5.10x | |
| Other (times) | ||
| Total (times) | 57.37x | 56.42x |
