Srivari Spices IPO vs Vinsys IT IPO

Comparison between Srivari Spices IPO and Vinsys IT IPO.

IPO Details

Srivari Spices IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Vinsys IT IPO is a SME Bookbuilding proposed to list at NSE SME.

	Srivari Spices IPO	Vinsys IT IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	NSE SME	NSE SME
Lead Managers	GYR Capital Advisors Pvt.Ltd.	Beeline Capital Advisors Pvt.Ltd.
Registrar	Bigshare Services Pvt.Ltd.	MUFG Intime India Pvt.Ltd.
Market Maker	Nikunj Stock Brokers Ltd.	Sunflower Broking Pvt.Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Srivari Spices IPO is up to ₹8.54 Cr whereas the issue size of the Vinsys IT IPO is up to ₹47.35 Cr. The final issue price of Srivari Spices IPO is ₹42.00 per share and of Vinsys IT IPO is ₹128.00 per share.

	Srivari Spices IPO	Vinsys IT IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹40.00 per share	₹121.00 per share
Issue Price (Upper)	₹42.00 per share	₹128.00 per share
Issue Price (Final)	₹42.00 per share	₹128.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	3000 shares	1000 shares
Fresh Issue Size	20,34,000 shares	36,99,000 shares
Fresh Issue Size (Amount)	up to ₹8.54 Cr	up to ₹47.35 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	20,34,000 shares	36,99,000 shares
Issue Size Total (Amount)	up to ₹8.54 Cr	up to ₹47.35 Cr

IPO Timetable

Srivari Spices IPO opens on Aug 07, 2023, while Vinsys IT IPO opens on Aug 01, 2023. The closing date of Srivari Spices IPO and Vinsys IT IPO is Aug 09, 2023, and Aug 04, 2023, respectively.

	Srivari Spices IPO	Vinsys IT IPO
Anchor Bid Date	Aug 04, 2023	Jul 31, 2023
Issue Open	Aug 07, 2023	Aug 01, 2023
Issue Close	Aug 09, 2023	Aug 04, 2023
Basis Of Allotment (Tentative)	Aug 14, 2023	Aug 09, 2023
Initiation of Refunds (Tentative)	Aug 16, 2023	Aug 10, 2023
Credit of Share (Tentative)	Aug 17, 2023	Aug 11, 2023
Listing date (Tentative)	Aug 18, 2023	Aug 11, 2023
Anchor Lockin End date 1	Sep 13, 2023	Sep 08, 2023
Anchor Lockin End date 2	Nov 12, 2023	Nov 07, 2023

Financials & KPIs

Srivari Spices IPO P/E ratio is 9.59, as compared to Vinsys IT IPO P/E ratio of 12.51.

Srivari Spices IPO

Vinsys IT IPO

Financials

Srivari Spices and Foods IPO Financial Information (Restated)
Period Ended	31 Mar 2020	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	235.88	627.38	1,067.62	2,568.13
Total Income	19.05	1,139.90	1,764.21	3,582.01
Profit After Tax	-10.69	35.26	72.84	312.61
Net Worth	177.54	426.91	499.75	910.02
Reserves and Surplus	-10.69	24.57	97.41	410.02
Total Borrowing			277.39	1,283.51

Amount in ₹ Lakhs

Vinsys IT Services Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-21	2,739.97	2,041.04	34.78	773.51	673.51	1,427.08
31-Mar-22	3,493.16	3,202.69	-51.61	716.07	616.07	2,050.32
31-Mar-23	7,293.60	9,632.25	1,501.38	2,472.51	1,472.51	2,310.80
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.90

92.74

Promoter Shareholding (Post-Issue)

68.13

P/E Ratio

9.59

12.51

Market Cap

₹30.00 Cr.

₹187.88 Cr.

ROE

44.35%

94.17%

ROCE

23.65%

51.46%

Debt/Equity

1.41

0.93

EPS

₹4.45

₹15.01

RoNW

24.79%

60.72%

Shares Offered

In the Srivari Spices IPO Retail Individual Investors (RII) are offered 7,14,000 shares while in Vinsys IT IPO retail investors are offered 7,14,000 shares. Qualified Institutional Buyers (QIB) are offered 4,08,000 shares in Srivari Spices IPO and 7,40,000 shares in Vinsys IT IPO.

	Srivari Spices IPO	Vinsys IT IPO
Anchor Investor Reserveration	6,06,000 shares	11,08,000 shares
Market Maker Reserveration	1,08,000 shares	1,95,000 shares
QIB	4,08,000 shares	7,40,000 shares
NII	3,06,000 shares	5,56,000 shares
RII	7,14,000 shares	12,95,000 shares
Employee
Others
Total	20,34,000 shares	36,99,000 shares

Bids Received (Subscription)

Srivari Spices IPO subscribed 450.03x in total, whereas Vinsys IT IPO subscribed 89.00x.

	Srivari Spices IPO	Vinsys IT IPO
QIB (times)	79.10x	36.95x
NII (times)	786.11x	105.75x
Big NII (times)
Small NII (times)
RII (times)	517.95x	111.56x
Employee (times)
Other (times)
Total (times)	450.03x	89.00x

Compare with others

Srivari Spices IPO	Vinsys IT IPO
Shri Techtex IPO	Yudiz Solutions IPO
Vinsys IT IPO	Zeal Global Services IPO
Yasons Chemex Care IPO	Oriana Power IPO
Committed Cargo Care IPO	Innovatus Entertainment Networks IPO
Khazanchi Jewellers IPO	Shri Techtex IPO
Asarfi Hospital IPO	Yasons Chemex Care IPO
Service Care IPO	Committed Cargo Care IPO
Ahasolar Technologies IPO	Khazanchi Jewellers IPO
Drone Destination IPO	Srivari Spices IPO
AccelerateBS IPO	Asarfi Hospital IPO