Comparison between Swastik Pipe IPO and Vedant Asset IPO.
Swastik Pipe IPO is a SME Fixed Price IPO proposed to list at NSE SME while Vedant Asset IPO is a SME Fixed Price proposed to list at BSE SME.
| Swastik Pipe IPO | Vedant Asset IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Fixed Price |
| Listing At | NSE SME | BSE SME |
| Lead Managers | Corporate Capitalventures Pvt.Ltd. | Hem Securities Ltd. |
| Registrar | Skyline Financial Services Pvt.Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | SS Corporate Securities 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 Swastik Pipe IPO is up to ₹59.38 Cr whereas the issue size of the Vedant Asset IPO is up to ₹2.83 Cr. The final issue price of Swastik Pipe IPO is ₹100.00 per share and of Vedant Asset IPO is ₹40.00 per share.
| Swastik Pipe IPO | Vedant Asset IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹97.00 per share | |
| Issue Price (Upper) | ₹100.00 per share | |
| Issue Price (Final) | ₹100.00 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 | 59,37,600 shares | 7,08,000 shares |
| Fresh Issue Size (Amount) | up to ₹59.38 Cr | up to ₹2.83 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 | 59,37,600 shares | 7,08,000 shares |
| Issue Size Total (Amount) | up to ₹59.38 Cr | up to ₹2.83 Cr |
Swastik Pipe IPO opens on Sep 29, 2022, while Vedant Asset IPO opens on Sep 30, 2022. The closing date of Swastik Pipe IPO and Vedant Asset IPO is Oct 03, 2022, and Oct 04, 2022, respectively.
| Swastik Pipe IPO | Vedant Asset IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Sep 29, 2022 | Sep 30, 2022 |
| Issue Close | Oct 03, 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 11, 2022 | Oct 12, 2022 |
| Listing date (Tentative) | Oct 12, 2022 | Oct 12, 2022 |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
Swastik Pipe IPO P/E ratio is 11.38, as compared to Vedant Asset IPO P/E ratio of 80.
| Swastik Pipe IPO | Vedant Asset IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated)
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 88.27 | 99.99 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 64.51 | 72.83 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 11.38 | 80 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹232.32 Cr. | ₹11.05 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 14 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 12 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.80 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹14.19 | ₹0.69 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 14.41 | 6.05 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Swastik Pipe IPO Retail Individual Investors (RII) are offered 29,68,800 shares while in Vedant Asset IPO retail investors are offered 29,68,800 shares. Qualified Institutional Buyers (QIB) are offered in Swastik Pipe IPO and in Vedant Asset IPO.
| Swastik Pipe IPO | Vedant Asset IPO | |
|---|---|---|
| Anchor Investor Reservation | ||
| Market Maker Reservation | 3,14,400 shares | 42,000 shares |
| QIB | ||
| NII | 29,68,800 shares | 3,54,000 shares |
| RII | 29,68,800 shares | 3,54,000 shares |
| Employee | ||
| Others | ||
| Total | 59,37,600 shares | 7,08,000 shares |
Swastik Pipe IPO subscribed 1.35x in total, whereas Vedant Asset IPO subscribed 49.07x.
| Swastik Pipe IPO | Vedant Asset IPO | |
|---|---|---|
| QIB (times) | ||
| NII (times) | 1.37x | 42.98x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 1.33x | 55.16x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 1.35x | 49.07x |
