Comparison between Steelman Telecom IPO and Vedant Asset IPO.
IPO Details
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.
Issue Size and Price
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 (Final) | ₹96.00 per share | ₹40.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| 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 |
IPO Timetable
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 |
|---|
| 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 |
Financials & KPIs
Steelman Telecom IPO P/E ratio is 23.41, as compared to Vedant Asset IPO P/E ratio of 80.
Shares Offered
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 0 shares in Steelman Telecom IPO and in Vedant Asset IPO.
| | Steelman Telecom IPO | Vedant Asset IPO |
|---|
| Anchor Investor Reservation | 0 shares | |
| Market Maker Reservation | 1,35,600 shares | 42,000 shares |
| QIB | 0 shares | |
| NII | 16,72,800 shares | 3,54,000 shares |
| RII | 9,02,400 shares | 3,54,000 shares |
| Employee | 0 shares | |
| Total | 25,75,200 shares | 7,08,000 shares |
Bids Received (Subscription)
Steelman Telecom IPO subscribed 22.40x in total, whereas Vedant Asset IPO subscribed 49.07x.
