TBI Corn IPO vs Vilas Transcore IPO

Comparison between TBI Corn IPO and Vilas Transcore IPO.

IPO Details

TBI Corn IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Vilas Transcore IPO is a SME Bookbuilding proposed to list at NSE SME.

	TBI Corn IPO	Vilas Transcore IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	NSE SME	NSE SME
Lead Managers	Ekadrisht Capital Pvt.Ltd.	Hem Securities Ltd.
Registrar	Kfin Technologies Ltd.	Bigshare Services Pvt.Ltd.
Market Maker	SS Corporate Securities Ltd.	Hem Finlease 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 TBI Corn IPO is up to ₹42.68 Cr whereas the issue size of the Vilas Transcore IPO is up to ₹90.46 Cr. The final issue price of TBI Corn IPO is ₹94.00 per share and of Vilas Transcore IPO is ₹147.00 per share.

	TBI Corn IPO	Vilas Transcore IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹90.00 per share	₹139.00 per share
Issue Price (Upper)	₹94.00 per share	₹147.00 per share
Issue Price (Final)	₹94.00 per share	₹147.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	1200 shares	1000 shares
Fresh Issue Size	45,40,800 shares	61,54,000 shares
Fresh Issue Size (Amount)	up to ₹42.68 Cr	up to ₹90.46 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	45,40,800 shares	61,54,000 shares
Issue Size Total (Amount)	up to ₹42.68 Cr	up to ₹90.46 Cr

IPO Timetable

TBI Corn IPO opens on May 31, 2024, while Vilas Transcore IPO opens on May 27, 2024. The closing date of TBI Corn IPO and Vilas Transcore IPO is Jun 04, 2024, and May 29, 2024, respectively.

	TBI Corn IPO	Vilas Transcore IPO
Anchor Bid Date	May 30, 2024	May 24, 2024
Issue Open	May 31, 2024	May 27, 2024
Issue Close	Jun 04, 2024	May 29, 2024
Basis Of Allotment (Tentative)	Jun 05, 2024	May 30, 2024
Initiation of Refunds (Tentative)	Jun 06, 2024	May 31, 2024
Credit of Share (Tentative)	Jun 06, 2024	May 31, 2024
Listing date (Tentative)	Jun 07, 2024	Jun 03, 2024
Anchor Lockin End date 1	Jul 05, 2024	Jun 29, 2024
Anchor Lockin End date 2	Sep 03, 2024	Aug 28, 2024

Financials & KPIs

TBI Corn IPO P/E ratio is 18.33, as compared to Vilas Transcore IPO P/E ratio of 13.12.

TBI Corn IPO

Vilas Transcore IPO

Financials

TBI Corn Limited Financial Information (Restated)

TBI Corn Limited's revenue increased by 39.07% and profit after tax (PAT) rose by 1419.24% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	9,511.50	12,162.04	4,317.63	4,254.86
Total Income	10,196.53	14,042.63	10,097.26	6,776.38
Profit After Tax	766.45	686.09	45.16	23.93
Net Worth	4,067.70	2,677.81	683.24	512.42
Reserves and Surplus	2,729.94	1,677.49
Total Borrowing	5,137.13	6,352.82	2,549.48	2,300.94
Amount in ₹ Lakhs

Vilas Transcore Limited Financial Information (Restated)

Vilas Transcore Limited's revenue increased by 21.09% and profit after tax (PAT) rose by 12.89% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	20,820.50	18,879.83	17,265.64	14,266.28
Total Income	23,829.57	28,478.14	23,518.05	13,485.41
Profit After Tax	1,679.49	2,022.43	1,791.49	523.42
Net Worth	13,725.33	12,045.84	10,023.41	8,231.92
Reserves and Surplus	13,531.38	13,404.08	11,451.23	9,729.31
Total Borrowing	499.95	489.62	346.72	757.83
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

76.65

99.97

Promoter Shareholding (Post-Issue)

57.71

73.01

P/E Ratio

18.33

13.12

Market Cap

₹170.69 Cr.

₹359.86 Cr.

ROE

18.84%

13.03%

ROCE

18.65%

16.10%

Debt/Equity

0.43

0.03

EPS

₹5.13

₹11.20

RoNW

18.84%

12.24%

Shares Offered

In the TBI Corn IPO Retail Individual Investors (RII) are offered 15,92,400 shares while in Vilas Transcore IPO retail investors are offered 15,92,400 shares. Qualified Institutional Buyers (QIB) are offered 9,07,200 shares in TBI Corn IPO and 12,31,000 shares in Vilas Transcore IPO.

	TBI Corn IPO	Vilas Transcore IPO
Anchor Investor Reserveration	13,58,400 shares	18,45,000 shares
Market Maker Reserveration	2,40,000 shares	3,26,000 shares
QIB	9,07,200 shares	12,31,000 shares
NII	6,82,800 shares	9,24,000 shares
RII	15,92,400 shares	21,54,000 shares
Employee
Others
Total	45,40,800 shares	61,54,000 shares

Bids Received (Subscription)

TBI Corn IPO subscribed 231.21x in total, whereas Vilas Transcore IPO subscribed 204.77x.

	TBI Corn IPO	Vilas Transcore IPO
QIB (times)	81.41x	114.64x
NII (times)	516.50x	449.21x
Big NII (times)
Small NII (times)
RII (times)	523.29x	151.42x
Employee (times)
Other (times)
Total (times)	231.21x	204.77x

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