Sharp Chucks IPO vs Vishnusurya Projects IPO

Comparison between Sharp Chucks IPO and Vishnusurya Projects IPO.

IPO Details

Sharp Chucks IPO is a SME Fixed Price IPO proposed to list at NSE SME while Vishnusurya Projects IPO is a SME Fixed Price proposed to list at NSE SME.

	Sharp Chucks IPO	Vishnusurya Projects IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price	Fixed Price
Listing At	NSE SME	NSE SME
Lead Managers	Fedex Securities Pvt.Ltd.	Khandwala Securities Ltd.
Registrar	Skyline Financial Services Pvt.Ltd.	Cameo Corporate Services Ltd.
Market Maker	Nikunj Stock Brokers Ltd.	Nikunj Stock Brokers 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 Sharp Chucks IPO is up to ₹15.98 Cr whereas the issue size of the Vishnusurya Projects IPO is up to ₹47.46 Cr. The final issue price of Sharp Chucks IPO is ₹58.00 per share and of Vishnusurya Projects IPO is ₹68.00 per share.

	Sharp Chucks IPO	Vishnusurya Projects IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹58.00 per share	₹68.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	2000 shares	2000 shares
Fresh Issue Size	8,27,484 shares	69,80,000 shares
Fresh Issue Size (Amount)	up to ₹4.80 Cr	up to ₹47.46 Cr
OFS Issue Size	19,28,516 shares	0 shares
OFS Issue Size (Amount)	up to ₹11.19 Cr	up to ₹0.00 Cr
Issue Size Total	27,56,000 shares	69,80,000 shares
Issue Size Total (Amount)	up to ₹15.98 Cr	up to ₹47.46 Cr

IPO Timetable

Sharp Chucks IPO opens on Sep 29, 2023, while Vishnusurya Projects IPO opens on Sep 29, 2023. The closing date of Sharp Chucks IPO and Vishnusurya Projects IPO is Oct 05, 2023, and Oct 05, 2023, respectively.

	Sharp Chucks IPO	Vishnusurya Projects IPO
Anchor Bid Date
Issue Open	Sep 29, 2023	Sep 29, 2023
Issue Close	Oct 05, 2023	Oct 05, 2023
Basis Of Allotment (Tentative)	Oct 09, 2023	Oct 09, 2023
Initiation of Refunds (Tentative)	Oct 10, 2023	Oct 10, 2023
Credit of Share (Tentative)	Oct 11, 2023	Oct 10, 2023
Listing date (Tentative)	Oct 12, 2023	Oct 10, 2023
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Sharp Chucks IPO P/E ratio is 11.2, as compared to Vishnusurya Projects IPO P/E ratio of 2.69.

Sharp Chucks IPO

Vishnusurya Projects IPO

Financials

Sharp Chucks And Machines IPO Financial Information (Restated Standalone)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	13,397.98	18,392.09	18,003.58
Total Income	13,583.11	15,252.23	17,931.45
Profit After Tax	330.96	452.62	506.50
Net Worth	4,275.67	4,728.29	5,234.79
Reserves and Surplus	3,297.24	3,749.86	4,256.36
Total Borrowing	6,305.37	10,269.35	9,034.20

Amount in ₹ Lakhs

Vishnusurya Projects and Infra IPO Financial Information (Restated Consolidated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	9,594.72	11,849.39	12,105.28
Total Income	6,339.33	9,603.62	13,326.06
Profit After Tax	229.18	2,158.97	1,736.64
Net Worth	3,573.72	4,155.88	5,952.39
Reserves and Surplus	3,078.32	3,660.48	5,043.99
Total Borrowing	1,472.32	3,489.49	3,625.24

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

80.28

88.74

Promoter Shareholding (Post-Issue)

73.00

62.24

P/E Ratio

11.2

2.69

Market Cap

₹62.41 Cr.

₹167.35 Cr.

ROE

10.17%

27.86%

ROCE

11.00%

31.22%

Debt/Equity

1.73

1.03

EPS

₹5.18

₹25.30

RoNW

9.68%

27.86%

Shares Offered

In the Sharp Chucks IPO Retail Individual Investors (RII) are offered 13,78,000 shares while in Vishnusurya Projects IPO retail investors are offered 13,78,000 shares. Qualified Institutional Buyers (QIB) are offered in Sharp Chucks IPO and in Vishnusurya Projects IPO.

	Sharp Chucks IPO	Vishnusurya Projects IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,48,000 shares	3,70,000 shares
QIB
NII	13,78,000 shares	34,90,000 shares
RII	13,78,000 shares	34,90,000 shares
Employee
Others
Total	27,56,000 shares	69,80,000 shares

Bids Received (Subscription)

Sharp Chucks IPO subscribed 54.20x in total, whereas Vishnusurya Projects IPO subscribed 44.11x.

	Sharp Chucks IPO	Vishnusurya Projects IPO
QIB (times)
NII (times)	38.76x	36.32x
Big NII (times)
Small NII (times)
RII (times)	63.69x	43.63x
Employee (times)
Other (times)
Total (times)	54.20x	44.11x

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