SRM Contractors IPO vs Vodafone Idea FPO

Comparison between SRM Contractors IPO and Vodafone Idea FPO.

IPO Details

SRM Contractors IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Vodafone Idea FPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of SRM Contractors IPO is up to ₹130.20 Cr whereas the issue size of the Vodafone Idea FPO is up to ₹18,000.00 Cr. The final issue price of SRM Contractors IPO is ₹210.00 per share and of Vodafone Idea FPO is ₹11.00 per share.

 SRM Contractors IPOVodafone Idea FPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹200.00 per share₹10.00 per share
Issue Price (Upper)₹210.00 per share₹11.00 per share
Issue Price (Final)₹210.00 per share₹11.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size70 shares1298 shares
Fresh Issue Size62,00,000 shares16,36,36,36,363 shares
Fresh Issue Size (Amount)up to ₹130.20 Crup to ₹18,000.00 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total62,00,000 shares16,36,36,36,363 shares
Issue Size Total (Amount)up to ₹130.20 Crup to ₹18,000.00 Cr

IPO Timetable

SRM Contractors IPO opens on Mar 26, 2024, while Vodafone Idea FPO opens on Apr 18, 2024. The closing date of SRM Contractors IPO and Vodafone Idea FPO is Mar 28, 2024, and Apr 22, 2024, respectively.

 SRM Contractors IPOVodafone Idea FPO
Anchor Bid DateMar 22, 2024Apr 16, 2024
Issue OpenMar 26, 2024Apr 18, 2024
Issue CloseMar 28, 2024Apr 22, 2024
Basis Of Allotment (Tentative)Apr 01, 2024Apr 23, 2024
Initiation of Refunds (Tentative)Apr 02, 2024Apr 24, 2024
Credit of Share (Tentative)Apr 02, 2024Apr 24, 2024
Listing date (Tentative)Apr 03, 2024Apr 25, 2024
Anchor Lockin End date 1May 01, 2024May 23, 2024
Anchor Lockin End date 2Jun 30, 2024Jul 22, 2024

Financials & KPIs

SRM Contractors IPO P/E ratio is 18.76, as compared to Vodafone Idea FPO P/E ratio of -1.88.

 SRM Contractors IPOVodafone Idea FPO
Financials

Company Financials (Restated Consolidated)

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets168.87137.36120.22112.47
Total Income242.28300.65265.51161.95
Profit After Tax21.0718.7517.578.27
NET Worth37.2463.1644.4126.85
Reserves and Surplus67.4846.4142.8925.32
Total Borrowing42.3247.1631.5231.96
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets1,90,801.802,07,242.701,94,029.102,03,480.60
Total Income32,125.6042,488.5038,644.9042,126.40
Profit After Tax-23,563.80-29,301.10-28,245.40-44,233.10
NET Worth-97,931.90-74,359.10-61,964.80-38,228.00
Reserves and Surplus-1,46,611.60-1,23,038.80-94,083.60
Total Borrowing2,03,425.702,01,586.001,90,917.701,80,310.30
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99.9248.75
Promoter Shareholding (Post-Issue)72.9236.87
P/E Ratio18.76-1.88
Market Cap₹481.83 Cr.₹73131.80 Cr.
ROE
ROCE29.43%
Debt/Equity0.50
EPS₹11.20₹-5.85
RoNW25.02%

Shares Offered

In the SRM Contractors IPO Retail Individual Investors (RII) are offered 21,70,000 shares while in Vodafone Idea FPO retail investors are offered 21,70,000 shares. Qualified Institutional Buyers (QIB) are offered 12,40,100 shares in SRM Contractors IPO and 3,27,27,27,272 shares in Vodafone Idea FPO.

 SRM Contractors IPOVodafone Idea FPO
Anchor Investor Reservation18,59,900 shares4,90,90,90,908 shares
Market Maker Reservation
QIB12,40,100 shares3,27,27,27,272 shares
NII9,30,000 shares2,45,45,45,455 shares
RII21,70,000 shares5,72,72,72,728 shares
Employee
Others
Total62,00,000 shares16,36,36,36,363 shares

Bids Received (Subscription)

SRM Contractors IPO subscribed 86.57x in total, whereas Vodafone Idea FPO subscribed 6.99x.

 SRM Contractors IPOVodafone Idea FPO
QIB (times)59.59x19.31x
NII (times)214.94x4.54x
Big NII (times)220.57x6.04x
Small NII (times)203.67x1.55x
RII (times)46.97x1.01x
Employee (times)
Other (times)
Total (times)86.57x6.99x

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SRM Contractors IPO Vs Vodafone Idea FPO