Sona Machinery IPO vs V R Infraspace IPO

Comparison between Sona Machinery IPO and V R Infraspace IPO.

IPO Details

Sona Machinery IPO is a SME Fixed Price IPO proposed to list at NSE SME while V R Infraspace IPO is a SME Fixed Price proposed to list at NSE SME.

	Sona Machinery IPO	V R Infraspace IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Fixed Price
Listing At	NSE SME	NSE SME
Lead Managers	Hem Securities Ltd.	Beeline Capital Advisors Pvt.Ltd.
Registrar	Maashitla Securities Pvt.Ltd.	MUFG Intime India Pvt.Ltd.
Market Maker	Hem Finlease Pvt.Ltd.	Spread X Securities Pvt.Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Sona Machinery IPO is up to ₹49.22 Cr whereas the issue size of the V R Infraspace IPO is up to ₹19.37 Cr. The final issue price of Sona Machinery IPO is ₹143.00 per share and of V R Infraspace IPO is ₹85.00 per share.

	Sona Machinery IPO	V R Infraspace IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹136.00 per share
Issue Price (Upper)	₹143.00 per share
Issue Price (Final)	₹143.00 per share	₹85.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	1000 shares	1600 shares
Fresh Issue Size	34,42,000 shares	22,78,400 shares
Fresh Issue Size (Amount)	up to ₹49.22 Cr	up to ₹19.37 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	34,42,000 shares	22,78,400 shares
Issue Size Total (Amount)	up to ₹49.22 Cr	up to ₹19.37 Cr

IPO Timetable

Sona Machinery IPO opens on Mar 05, 2024, while V R Infraspace IPO opens on Mar 04, 2024. The closing date of Sona Machinery IPO and V R Infraspace IPO is Mar 07, 2024, and Mar 06, 2024, respectively.

	Sona Machinery IPO	V R Infraspace IPO
Anchor Bid Date	Mar 04, 2024
Issue Open	Mar 05, 2024	Mar 04, 2024
Issue Close	Mar 07, 2024	Mar 06, 2024
Basis Of Allotment (Tentative)	Mar 11, 2024	Mar 07, 2024
Initiation of Refunds (Tentative)	Mar 12, 2024	Mar 11, 2024
Credit of Share (Tentative)	Mar 12, 2024	Mar 11, 2024
Listing date (Tentative)	Mar 13, 2024	Mar 12, 2024
Anchor Lockin End date 1	Apr 10, 2024
Anchor Lockin End date 2	Jun 09, 2024

Financials & KPIs

Sona Machinery IPO P/E ratio is 18.8, as compared to V R Infraspace IPO P/E ratio of 20.99.

Sona Machinery IPO

V R Infraspace IPO

Financials

Sona Machinery Limited Financial Information (Restated Standalone)

Sona Machinery Limited's revenue increased by 82.3% and profit after tax (PAT) rose by 135.35% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Nov 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	4,211.30	2,858.19	1,516.58	732.21
Total Income	6,288.11	8,118.06	4,453.07	606.33
Profit After Tax	647.82	768.36	326.47	27.81
Net Worth	1,780.16	1,132.34	363.98	37.51
Reserves and Surplus	770.16	1,122.34	353.98	27.51
Total Borrowing	112.94	252.60	236.61
Amount in ₹ Lakhs

V R Infraspace Limited Financial Information (Restated Consolidated)

V R Infraspace Limited's revenue increased by 35.16% and profit after tax (PAT) rose by 229.16% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	6,117.91	4,328.38	4,920.59	5,479.20
Total Income	732.41	1,875.53	1,387.65	1,348.70
Profit After Tax	89.54	262.47	79.74	72.04
Net Worth	1,290.10	1,211.86	949.39	869.65
Reserves and Surplus	642.10	563.86	301.39	221.65
Total Borrowing	661.36	971.87	1,038.55	1,676.31
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00

100

Promoter Shareholding (Post-Issue)

73.59

72.97

P/E Ratio

18.8

20.99

Market Cap

₹196.25 Cr.

₹75.48 Cr.

ROE

44.49%

7.16%

ROCE

46.61%

6.12%

Debt/Equity

0.06

0.51

EPS

₹7.61

₹4.05

RoNW

36.39%

6.94%

Shares Offered

In the Sona Machinery IPO Retail Individual Investors (RII) are offered 12,05,000 shares while in V R Infraspace IPO retail investors are offered 12,05,000 shares. Qualified Institutional Buyers (QIB) are offered 6,88,000 shares in Sona Machinery IPO and in V R Infraspace IPO.

	Sona Machinery IPO	V R Infraspace IPO
Anchor Investor Reserveration	10,32,000 shares
Market Maker Reserveration	1,82,000 shares	1,21,600 shares
QIB	6,88,000 shares
NII	5,17,000 shares	11,39,200 shares
RII	12,05,000 shares	11,39,200 shares
Employee
Others
Total	34,42,000 shares	22,78,400 shares

Bids Received (Subscription)

Sona Machinery IPO subscribed 273.50x in total, whereas V R Infraspace IPO subscribed 93.41x.

	Sona Machinery IPO	V R Infraspace IPO
QIB (times)	129.72x
NII (times)	554.42x	85.21x
Big NII (times)
Small NII (times)
RII (times)	235.06x	90.55x
Employee (times)
Other (times)
Total (times)	273.50x	93.41x

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