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Maagh Advertising IPO vs Vedant Asset IPO

Comparison between Maagh Advertising IPO and Vedant Asset IPO.

IPO Details

Maagh Advertising IPO is a SME Fixed Price IPO proposed to list at BSE SME while Vedant Asset IPO is a SME Fixed Price proposed to list at BSE SME.

 Maagh Advertising IPOVedant Asset IPO
LogoMaagh Advertising IPO LogoVedant Asset IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMEBSE SME
Lead ManagersInventure Merchant Banker Services Pvt.Ltd.Hem Securities Ltd.
RegistrarSatellite Corporate Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerNNM Securities Pvt.Ltd.Hem Securities Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Maagh Advertising IPO is up to ₹8.66 Cr whereas the issue size of the Vedant Asset IPO is up to ₹2.83 Cr. The final issue price of Maagh Advertising IPO is ₹60.00 per share and of Vedant Asset IPO is ₹40.00 per share.

 Maagh Advertising IPOVedant Asset IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹60.00 per share₹40.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares3000 shares
Fresh Issue Size14,44,000 shares7,08,000 shares
Fresh Issue Size (Amount)up to ₹8.66 Crup to ₹2.83 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total14,44,000 shares7,08,000 shares
Issue Size Total (Amount)up to ₹8.66 Crup to ₹2.83 Cr

IPO Timetable

Maagh Advertising IPO opens on Sep 26, 2022, while Vedant Asset IPO opens on Sep 30, 2022. The closing date of Maagh Advertising IPO and Vedant Asset IPO is Oct 04, 2022, and Oct 04, 2022, respectively.

 Maagh Advertising IPOVedant Asset IPO
Anchor Bid Date
Issue OpenSep 26, 2022Sep 30, 2022
Issue CloseOct 04, 2022Oct 04, 2022
Basis Of Allotment (Tentative)Oct 10, 2022Oct 10, 2022
Initiation of Refunds (Tentative)Oct 11, 2022Oct 11, 2022
Credit of Share (Tentative)Oct 12, 2022Oct 12, 2022
Listing date (Tentative)Oct 13, 2022Oct 12, 2022
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Maagh Advertising IPO P/E ratio is 37.5, as compared to Vedant Asset IPO P/E ratio of 80.

 Maagh Advertising IPOVedant Asset IPO
Financials
Maagh Advertising And Marketing Services Ltd Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-191071.92989.653.33234.23233.23
31-Mar-201340.96526182.37301.46300.46
31-Mar-211154.842455.4275.97372.8371.8
31-Mar-221270.22179.955.38425.38249.38
Amount in ₹ Lakhs
Vedant Asset Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-2083.1361.233.45.384.3874.32
31-Mar-21239.16113.478.68214.2213.0617.4
31-Mar-22254.63167.2313.81228.0326.870
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)99.9599.99
Promoter Shareholding (Post-Issue)53.6372.83
P/E Ratio37.580
Market Cap₹19.68 Cr.₹11.05 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Maagh Advertising IPO Retail Individual Investors (RII) are offered 7,22,000 shares while in Vedant Asset IPO retail investors are offered 7,22,000 shares. Qualified Institutional Buyers (QIB) are offered in Maagh Advertising IPO and in Vedant Asset IPO.

 Maagh Advertising IPOVedant Asset IPO
Anchor Investor Reserveration
Market Maker Reserveration76,000 shares42,000 shares
QIB
NII7,22,000 shares3,54,000 shares
RII7,22,000 shares3,54,000 shares
Employee
Others
Total14,44,000 shares7,08,000 shares

Bids Received (Subscription)

Maagh Advertising IPO subscribed 1.18x in total, whereas Vedant Asset IPO subscribed 49.07x.

 Maagh Advertising IPOVedant Asset IPO
QIB (times)
NII (times)2.05x42.98x
Big NII (times)
Small NII (times)
RII (times)0.31x55.16x
Employee (times)
Other (times)
Total (times)1.18x49.07x