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Finelistings Technologies IPO vs Varyaa Creations IPO

Comparison between Finelistings Technologies IPO and Varyaa Creations IPO.

IPO Details

Finelistings Technologies IPO is a SME Fixed Price IPO proposed to list at BSE SME while Varyaa Creations IPO is a SME Fixed Price proposed to list at BSE SME.

 Finelistings Technologies IPOVaryaa Creations IPO
LogoFinelistings Technologies IPO LogoVaryaa Creations IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMEBSE SME
Lead ManagersFedex Securities Pvt.Ltd.Inventure Merchant Banker Services Pvt.Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerRikhav Securities Ltd.Svcm Securities Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Finelistings Technologies IPO is up to ₹12.82 Cr whereas the issue size of the Varyaa Creations IPO is up to ₹19.05 Cr. The final issue price of Finelistings Technologies IPO is ₹123.00 per share and of Varyaa Creations IPO is ₹150.00 per share.

 Finelistings Technologies IPOVaryaa Creations IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹123.00 per share₹150.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1000 shares1000 shares
Fresh Issue Size10,42,000 shares12,70,000 shares
Fresh Issue Size (Amount)up to ₹12.82 Crup to ₹19.05 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total10,42,000 shares12,70,000 shares
Issue Size Total (Amount)up to ₹12.82 Crup to ₹19.05 Cr

IPO Timetable

Finelistings Technologies IPO opens on May 07, 2024, while Varyaa Creations IPO opens on Apr 22, 2024. The closing date of Finelistings Technologies IPO and Varyaa Creations IPO is May 09, 2024, and Apr 25, 2024, respectively.

 Finelistings Technologies IPOVaryaa Creations IPO
Anchor Bid Date
Issue OpenMay 07, 2024Apr 22, 2024
Issue CloseMay 09, 2024Apr 25, 2024
Basis Of Allotment (Tentative)May 10, 2024Apr 26, 2024
Initiation of Refunds (Tentative)May 13, 2024Apr 29, 2024
Credit of Share (Tentative)May 13, 2024Apr 29, 2024
Listing date (Tentative)May 14, 2024Apr 30, 2024
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Finelistings Technologies IPO P/E ratio is 17.44, as compared to Varyaa Creations IPO P/E ratio of 65.56.

 Finelistings Technologies IPOVaryaa Creations IPO
Financials

Finelistings Technologies Limited Financial Information (Restated)

Period Ended29 Feb 202431 Mar 202331 Mar 202231 Mar 2021
Assets968.921,015.99154.3359.69
Total Income1,359.971,390.62694.32146.43
Profit After Tax276.99178.92-8.33-17.26
Net Worth618.96351.8347.9156.24
Reserves and Surplus375.2098.2146.7955.12
Amount in ₹ Lakhs

Varyaa Creations Limited Financial Information (Restated)

Varyaa Creations Limited's revenue increased by 112.55% and profit after tax (PAT) rose by 36.13% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets1,049.172,000.55143.78218.32
Total Income1,762.49538.03253.1312.05
Profit After Tax351.1178.9357.98-13.06
Net Worth410.5659.45-19.47-77.46
Reserves and Surplus65.5644.45-34.47-92.46
Total Borrowing44.81283.82
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)71.65100.00
Promoter Shareholding (Post-Issue)49.9872.02
P/E Ratio17.4465.56
Market Cap₹44.73 Cr.₹71.85 Cr.
ROE43.16%85.52%
ROCE21.73%114.57%
Debt/Equity
EPS₹7.05₹2.29
RoNW44.05%85.52%

Shares Offered

In the Finelistings Technologies IPO Retail Individual Investors (RII) are offered 5,21,000 shares while in Varyaa Creations IPO retail investors are offered 5,21,000 shares. Qualified Institutional Buyers (QIB) are offered in Finelistings Technologies IPO and in Varyaa Creations IPO.

 Finelistings Technologies IPOVaryaa Creations IPO
Anchor Investor Reserveration
Market Maker Reserveration58,000 shares70,000 shares
QIB
NII5,21,000 shares6,35,000 shares
RII5,21,000 shares6,35,000 shares
Employee
Others
Total10,42,000 shares12,70,000 shares

Bids Received (Subscription)

Finelistings Technologies IPO subscribed 37.44x in total, whereas Varyaa Creations IPO subscribed 3.59x.

 Finelistings Technologies IPOVaryaa Creations IPO
QIB (times)
NII (times)29.85x1.08x
Big NII (times)
Small NII (times)
RII (times)38.96x6.09x
Employee (times)
Other (times)
Total (times)37.44x3.59x