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Solex Energy IPO vs Vasa Retail IPO

Comparison between Solex Energy IPO and Vasa Retail IPO.

IPO Details

Solex Energy IPO is a SME Fixed Price IPO proposed to list at NSE SME while Vasa Retail IPO is a SME Fixed Price proposed to list at NSE SME.

 Solex Energy IPOVasa Retail IPO
LogoSolex Energy IPO LogoVasa Retail IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMENSE SME
Lead ManagersSwastika Investmart Ltd.Hem Securities Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerBeeline Broking Ltd.Hem Finlease Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Solex Energy IPO is up to ₹6.80 Cr whereas the issue size of the Vasa Retail IPO is up to ₹4.54 Cr. The final issue price of Solex Energy IPO is ₹52.00 per share and of Vasa Retail IPO is ₹30.00 per share.

 Solex Energy IPOVasa Retail IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹52.00 per share₹30.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size2000 shares4000 shares
Fresh Issue Size13,08,000 shares15,12,000 shares
Fresh Issue Size (Amount)up to ₹6.80 Crup to ₹4.54 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total13,08,000 shares15,12,000 shares
Issue Size Total (Amount)up to ₹6.80 Crup to ₹4.54 Cr

IPO Timetable

Solex Energy IPO opens on Jan 22, 2018, while Vasa Retail IPO opens on Jan 24, 2018. The closing date of Solex Energy IPO and Vasa Retail IPO is Jan 25, 2018, and Jan 29, 2018, respectively.

 Solex Energy IPOVasa Retail IPO
Issue OpenJan 22, 2018Jan 24, 2018
Issue CloseJan 25, 2018Jan 29, 2018
Basis Of Allotment (Tentative)Jan 31, 2018Feb 02, 2018
Listing date (Tentative)Feb 05, 2018Feb 06, 2018

Financials & KPIs

Solex Energy IPO P/E ratio is , as compared to Vasa Retail IPO P/E ratio of .

 Solex Energy IPOVasa Retail IPO
Financials

Company Financials (Restated)

Period Ended31 Jul 201731 Mar 201731 Mar 201631 Mar 2015
Assets21.9824.9614.788.59
Total Income6.3534.5046.626.37
Profit After Tax0.310.920.390.10
NET Worth3.933.621.980.92
Reserves and Surplus1.711.400.480.10
Total Borrowing2.540.853.533.66
Amount in ₹ Crore

Company Financials (Restated)

Period Ended20 Oct 201731 Mar 201731 Mar 201631 Mar 2015
Assets24.6114.2712.898.44
Total Income17.9223.8521.8618.82
Profit After Tax0.860.92-0.15-0.11
NET Worth3.732.051.341.02
Total Borrowing8.585.444.913.93
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)97.73%95.45%
Promoter Shareholding (Post-Issue)70.43%69.96%
Market Cap₹25.69 Cr.₹17.98 Cr.

Shares Offered

In the Solex Energy IPO Retail Individual Investors (RII) are offered 6,54,000 shares while in Vasa Retail IPO retail investors are offered 6,54,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Solex Energy IPO and 0 shares in Vasa Retail IPO.

 Solex Energy IPOVasa Retail IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation72,000 shares88,000 shares
QIB0 shares0 shares
NII6,54,000 shares7,56,000 shares
RII6,54,000 shares7,56,000 shares
Employee0 shares0 shares
Total13,08,000 shares15,12,000 shares

Bids Received (Subscription)

Solex Energy IPO subscribed 20.16x in total, whereas Vasa Retail IPO subscribed 217.70x.

 Solex Energy IPOVasa Retail IPO
NII (times)15.40x175.44x
RII (times)24.91x259.96x
Total (times)20.16x217.70x

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Compare:

Solex Energy IPO Vs Vasa Retail IPO