Comparison between Travels & Rentals IPO and Vdeal System IPO.
Travels & Rentals IPO is a SME Fixed Price IPO proposed to list at BSE SME while Vdeal System IPO is a SME Fixed Price proposed to list at NSE SME.
| Travels & Rentals IPO | Vdeal System IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Fixed Price |
| Listing At | BSE SME | NSE SME |
| Lead Managers | Finshore Management Services Ltd. | Affinity Global Capital Market Pvt.Ltd. |
| Registrar | Cameo Corporate Services Ltd. | Cameo Corporate Services Ltd. |
| Market Maker | Black Fox Financial Pvt.Ltd. | Black Fox Financial Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | ||
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Travels & Rentals IPO is up to ₹11.63 Cr whereas the issue size of the Vdeal System IPO is up to ₹17.16 Cr. The final issue price of Travels & Rentals IPO is ₹40.00 per share and of Vdeal System IPO is ₹112.00 per share.
| Travels & Rentals IPO | Vdeal System IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ||
| Issue Price (Upper) | ||
| Issue Price (Final) | ₹40.00 per share | ₹112.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 3000 shares | 1200 shares |
| Fresh Issue Size | 29,07,000 shares | 15,32,400 shares |
| Fresh Issue Size (Amount) | up to ₹11.63 Cr | up to ₹17.16 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 | 29,07,000 shares | 15,32,400 shares |
| Issue Size Total (Amount) | up to ₹11.63 Cr | up to ₹17.16 Cr |
Travels & Rentals IPO opens on Aug 29, 2024, while Vdeal System IPO opens on Aug 27, 2024. The closing date of Travels & Rentals IPO and Vdeal System IPO is Sep 02, 2024, and Aug 29, 2024, respectively.
| Travels & Rentals IPO | Vdeal System IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Aug 29, 2024 | Aug 27, 2024 |
| Issue Close | Sep 02, 2024 | Aug 29, 2024 |
| Basis Of Allotment (Tentative) | Sep 03, 2024 | Aug 30, 2024 |
| Initiation of Refunds (Tentative) | Sep 04, 2024 | Sep 02, 2024 |
| Credit of Share (Tentative) | Sep 04, 2024 | Sep 02, 2024 |
| Listing date (Tentative) | Sep 05, 2024 | Sep 03, 2024 |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
Travels & Rentals IPO P/E ratio is 10.98, as compared to Vdeal System IPO P/E ratio of 11.79.
| Travels & Rentals IPO | Vdeal System IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Travels & Rentals Limited Financial Information (Restated)Travels & Rentals Limited's revenue increased by 39% and profit after tax (PAT) rose by 97% between the financial year ending with March 31, 2024 and March 31, 2023.
| Vdeal System Limited Financial Information (Restated)Vdeal System Limited's revenue increased by 26% and profit after tax (PAT) rose by 183% between the financial year ending with March 31, 2024 and March 31, 2023.
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 86.48 | 99.97 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 62.86 | 66.96 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 10.98 | 11.79 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹44.81 Cr. | ₹54.77 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 26.72% | 49.52% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 27.54% | 32.83% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.32 | 1.49 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹3.64 | ₹9.50 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 20.06% | 49.52% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Travels & Rentals IPO Retail Individual Investors (RII) are offered 14,55,000 shares while in Vdeal System IPO retail investors are offered 14,55,000 shares. Qualified Institutional Buyers (QIB) are offered in Travels & Rentals IPO and in Vdeal System IPO.
| Travels & Rentals IPO | Vdeal System IPO | |
|---|---|---|
| Anchor Investor Reserveration | ||
| Market Maker Reserveration | 1,53,000 shares | 81,600 shares |
| QIB | ||
| NII | 14,52,000 shares | 7,65,600 shares |
| RII | 14,55,000 shares | 7,66,800 shares |
| Employee | ||
| Others | ||
| Total | 29,07,000 shares | 15,32,400 shares |
Travels & Rentals IPO subscribed 608.46x in total, whereas Vdeal System IPO subscribed 71.38x.
| Travels & Rentals IPO | Vdeal System IPO | |
|---|---|---|
| QIB (times) | ||
| NII (times) | 754.64x | 61.46x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 429.90x | 76.70x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 608.46x | 71.38x |
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