Upsurge Seeds of Agriculture IPO vs Veekayem Fashion IPO

Comparison between Upsurge Seeds of Agriculture IPO and Veekayem Fashion IPO.

IPO Details

Upsurge Seeds of Agriculture IPO is a SME Fixed Price IPO proposed to list at NSE SME while Veekayem Fashion IPO is a SME Fixed Price proposed to list at NSE SME.

Issue Size and Price

The total issue size of Upsurge Seeds of Agriculture IPO is up to ₹21.66 Cr whereas the issue size of the Veekayem Fashion IPO is up to ₹4.21 Cr. The final issue price of Upsurge Seeds of Agriculture IPO is ₹120.00 per share and of Veekayem Fashion IPO is ₹28.00 per share.

 Upsurge Seeds of Agriculture IPOVeekayem Fashion IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹120.00 per share₹28.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1200 shares4000 shares
Fresh Issue Size18,04,800 shares15,04,000 shares
Fresh Issue Size (Amount)up to ₹21.66 Crup to ₹4.21 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total18,04,800 shares15,04,000 shares
Issue Size Total (Amount)up to ₹21.66 Crup to ₹4.21 Cr

IPO Timetable

Upsurge Seeds of Agriculture IPO opens on Jul 29, 2022, while Veekayem Fashion IPO opens on Aug 05, 2022. The closing date of Upsurge Seeds of Agriculture IPO and Veekayem Fashion IPO is Aug 02, 2022, and Aug 11, 2022, respectively.

Financials & KPIs

Upsurge Seeds of Agriculture IPO P/E ratio is 21.35, as compared to Veekayem Fashion IPO P/E ratio of 8.72.

 Upsurge Seeds of Agriculture IPOVeekayem Fashion IPO
Financials

Company Financials (Restated)

Period Ended31 Mar 202231 Mar 202131 Mar 2020
Assets40.8718.128.35
Total Income75.7762.9017.64
Profit After Tax3.960.850.22
NET Worth11.193.240.92
Reserves and Surplus6.031.270.42
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Mar 202231 Mar 202131 Mar 202031 Mar 2019
Assets132.67123.52120.90117.89
Total Income149.4776.70215.71203.17
Profit After Tax1.890.351.092.28
NET Worth30.9529.0528.7029.73
Reserves and Surplus26.6624.7624.4023.31
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)96.9254.31
Promoter Shareholding (Post-Issue)70.8239.67
P/E Ratio21.358.72
Market Cap₹84.72 Cr.₹16.45 Cr.
ROE35.42
ROCE36.45
Debt/Equity0.16
EPS₹9.79₹4.39
RoNW35.426.09

Shares Offered

In the Upsurge Seeds of Agriculture IPO Retail Individual Investors (RII) are offered 9,02,400 shares while in Veekayem Fashion IPO retail investors are offered 9,02,400 shares. Qualified Institutional Buyers (QIB) are offered in Upsurge Seeds of Agriculture IPO and in Veekayem Fashion IPO.

 Upsurge Seeds of Agriculture IPOVeekayem Fashion IPO
Anchor Investor Reservation
Market Maker Reservation96,000 shares80,000 shares
QIB
NII9,02,400 shares7,52,000 shares
RII9,02,400 shares7,52,000 shares
Employee
Others
Total18,04,800 shares15,04,000 shares

Bids Received (Subscription)

Upsurge Seeds of Agriculture IPO subscribed 80.50x in total, whereas Veekayem Fashion IPO subscribed 301.47x.

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