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.

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 IPOV 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 Size1000 shares1600 shares
Fresh Issue Size34,42,000 shares22,78,400 shares
Fresh Issue Size (Amount)up to ₹49.22 Crup to ₹19.37 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total34,42,000 shares22,78,400 shares
Issue Size Total (Amount)up to ₹49.22 Crup 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 IPOV R Infraspace IPO
Anchor Bid DateMar 04, 2024
Issue OpenMar 05, 2024Mar 04, 2024
Issue CloseMar 07, 2024Mar 06, 2024
Basis Of Allotment (Tentative)Mar 11, 2024Mar 07, 2024
Initiation of Refunds (Tentative)Mar 12, 2024Mar 11, 2024
Credit of Share (Tentative)Mar 12, 2024Mar 11, 2024
Listing date (Tentative)Mar 13, 2024Mar 12, 2024
Anchor Lockin End date 1Apr 10, 2024
Anchor Lockin End date 2Jun 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 IPOV R Infraspace IPO
Financials

Company Financials (Restated Standalone)

Period Ended30 Nov 202331 Mar 202331 Mar 202231 Mar 2021
Assets42.1128.5815.177.32
Total Income62.8881.1844.536.06
Profit After Tax6.487.683.260.28
NET Worth17.8011.323.640.38
Reserves and Surplus7.7011.223.540.28
Total Borrowing1.132.532.37
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets61.1843.2849.2154.79
Total Income7.3218.7613.8813.49
Profit After Tax0.902.620.800.72
NET Worth12.9012.129.498.70
Reserves and Surplus6.425.643.012.22
Total Borrowing6.619.7210.3916.76
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100.00100
Promoter Shareholding (Post-Issue)73.5972.97
P/E Ratio18.820.99
Market Cap₹196.25 Cr.₹75.48 Cr.
ROE44.49%7.16%
ROCE46.61%6.12%
Debt/Equity0.060.51
EPS₹7.61₹4.05
RoNW36.39%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 IPOV R Infraspace IPO
Anchor Investor Reservation10,32,000 shares
Market Maker Reservation1,82,000 shares1,21,600 shares
QIB6,88,000 shares
NII5,17,000 shares11,39,200 shares
RII12,05,000 shares11,39,200 shares
Employee
Others
Total34,42,000 shares22,78,400 shares

Bids Received (Subscription)

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

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Sona Machinery IPO Vs V R Infraspace IPO