Comparison between Steelman Telecom IPO and Vedant Asset IPO.
Steelman Telecom 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.
| Steelman Telecom IPO | Vedant Asset IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Fixed Price |
| Listing At | BSE SME | BSE SME |
| Lead Managers | Gretex Corporate Services Ltd. | Hem Securities Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Gretex Share Broking Pvt.Ltd. | Hem Securities Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | ||
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Steelman Telecom IPO is up to ₹24.72 Cr whereas the issue size of the Vedant Asset IPO is up to ₹2.83 Cr. The final issue price of Steelman Telecom IPO is ₹96.00 per share and of Vedant Asset IPO is ₹40.00 per share.
| Steelman Telecom IPO | Vedant Asset IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ||
| Issue Price (Upper) | ||
| Issue Price (Final) | ₹96.00 per share | ₹40.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 1200 shares | 3000 shares |
| Fresh Issue Size | 17,61,600 shares | 7,08,000 shares |
| Fresh Issue Size (Amount) | up to ₹16.91 Cr | up to ₹2.83 Cr |
| OFS Issue Size | 8,13,600 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹7.81 Cr | up to ₹0.00 Cr |
| Issue Size Total | 25,75,200 shares | 7,08,000 shares |
| Issue Size Total (Amount) | up to ₹24.72 Cr | up to ₹2.83 Cr |
Steelman Telecom IPO opens on Sep 26, 2022, while Vedant Asset IPO opens on Sep 30, 2022. The closing date of Steelman Telecom IPO and Vedant Asset IPO is Sep 29, 2022, and Oct 04, 2022, respectively.
| Steelman Telecom IPO | Vedant Asset IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Sep 26, 2022 | Sep 30, 2022 |
| Issue Close | Sep 29, 2022 | Oct 04, 2022 |
| Basis Of Allotment (Tentative) | Oct 07, 2022 | Oct 10, 2022 |
| Initiation of Refunds (Tentative) | Oct 10, 2022 | Oct 11, 2022 |
| Credit of Share (Tentative) | Oct 10, 2022 | Oct 12, 2022 |
| Listing date (Tentative) | Oct 10, 2022 | Oct 12, 2022 |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
Steelman Telecom IPO P/E ratio is 23.41, as compared to Vedant Asset IPO P/E ratio of 80.
| Steelman Telecom IPO | Vedant Asset IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 100 | 99.99 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 71.98 | 72.83 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 23.41 | 80 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹92.89 Cr. | ₹11.05 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 29.49 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 35.78 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.97 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹5.23 | ₹0.69 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 25.74 | 6.05 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Steelman Telecom IPO Retail Individual Investors (RII) are offered 9,02,400 shares while in Vedant Asset IPO retail investors are offered 9,02,400 shares. Qualified Institutional Buyers (QIB) are offered in Steelman Telecom IPO and in Vedant Asset IPO.
| Steelman Telecom IPO | Vedant Asset IPO | |
|---|---|---|
| Anchor Investor Reservation | ||
| Market Maker Reservation | 1,35,600 shares | 42,000 shares |
| QIB | ||
| NII | 16,72,800 shares | 3,54,000 shares |
| RII | 9,02,400 shares | 3,54,000 shares |
| Employee | ||
| Others | ||
| Total | 25,75,200 shares | 7,08,000 shares |
Steelman Telecom IPO subscribed 22.40x in total, whereas Vedant Asset IPO subscribed 49.07x.
| Steelman Telecom IPO | Vedant Asset IPO | |
|---|---|---|
| QIB (times) | 7.78x | |
| NII (times) | 70.09x | 42.98x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 22.82x | 55.16x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 22.40x | 49.07x |
