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Essen Speciality Films IPO vs Veefin Solutions IPO

Comparison between Essen Speciality Films IPO and Veefin Solutions IPO.

IPO Details

Essen Speciality Films IPO is a SME Fixed Price IPO proposed to list at NSE SME while Veefin Solutions IPO is a SME Fixed Price proposed to list at BSE SME.

 Essen Speciality Films IPOVeefin Solutions IPO
LogoEssen Speciality Films IPO LogoVeefin Solutions IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersGYR Capital Advisors Pvt.Ltd.Shreni Shares Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerSMC Global Securities Ltd.Shreni Shares Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Essen Speciality Films IPO is up to ₹63.01 Cr whereas the issue size of the Veefin Solutions IPO is up to ₹44.37 Cr. The final issue price of Essen Speciality Films IPO is ₹107.00 per share and of Veefin Solutions IPO is ₹82.00 per share.

 Essen Speciality Films IPOVeefin Solutions IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹101.00 per share
Issue Price (Upper)₹107.00 per share
Issue Price (Final)₹107.00 per share₹82.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size1200 shares1600 shares
Fresh Issue Size43,88,400 shares25,61,600 shares
Fresh Issue Size (Amount)up to ₹46.96 Crup to ₹21.01 Cr
OFS Issue Size15,00,000 shares28,49,600 shares
OFS Issue Size (Amount)up to ₹16.05 Crup to ₹23.37 Cr
Issue Size Total58,88,400 shares54,11,200 shares
Issue Size Total (Amount)up to ₹63.01 Crup to ₹44.37 Cr

IPO Timetable

Essen Speciality Films IPO opens on Jun 23, 2023, while Veefin Solutions IPO opens on Jun 22, 2023. The closing date of Essen Speciality Films IPO and Veefin Solutions IPO is Jun 27, 2023, and Jun 26, 2023, respectively.

 Essen Speciality Films IPOVeefin Solutions IPO
Anchor Bid DateJun 22, 2023
Issue OpenJun 23, 2023Jun 22, 2023
Issue CloseJun 27, 2023Jun 26, 2023
Basis Of Allotment (Tentative)Jul 03, 2023Jun 30, 2023
Initiation of Refunds (Tentative)Jul 04, 2023Jul 03, 2023
Credit of Share (Tentative)Jul 05, 2023Jul 04, 2023
Listing date (Tentative)Jul 06, 2023Jul 05, 2023
Anchor Lockin End date 1Aug 02, 2023
Anchor Lockin End date 2Oct 01, 2023

Financials & KPIs

Essen Speciality Films IPO P/E ratio is 16.5, as compared to Veefin Solutions IPO P/E ratio of 41.41.

 Essen Speciality Films IPOVeefin Solutions IPO
Financials

Company Financials (Restated)

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets109.71118.59104.40
Total Income120.48118.5796.81
Profit After Tax13.375.179.14
NET Worth85.6272.2567.08
Reserves and Surplus69.6256.2566.08
Total Borrowing6.5725.8315.41
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended31 Jan 202331 Mar 2022
Assets48.2216.08
Total Income12.626.55
Profit After Tax3.500.70
NET Worth42.939.25
Reserves and Surplus24.599.24
Total Borrowing0.513.46
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100%56.26%
Promoter Shareholding (Post-Issue)70%39.84%
P/E Ratio16.541.41
Market Cap₹220.00 Cr.₹173.74 Cr.
ROE17.0813.42
ROCE12.1911.32
Debt/Equity0.080.01
EPS₹8.36₹0.48
RoNW15.627.57

Shares Offered

In the Essen Speciality Films IPO Retail Individual Investors (RII) are offered 20,61,600 shares while in Veefin Solutions IPO retail investors are offered 20,61,600 shares. Qualified Institutional Buyers (QIB) are offered 11,77,200 shares in Essen Speciality Films IPO and 0 shares in Veefin Solutions IPO.

 Essen Speciality Films IPOVeefin Solutions IPO
Anchor Investor Reservation17,65,200 shares0 shares
Market Maker Reservation3,10,800 shares2,88,000 shares
QIB11,77,200 shares0 shares
NII8,84,400 shares27,05,600 shares
RII20,61,600 shares27,05,600 shares
Employee0 shares0 shares
Total58,88,400 shares54,11,200 shares

Bids Received (Subscription)

Essen Speciality Films IPO subscribed 49.73x in total, whereas Veefin Solutions IPO subscribed 2.45x.

 Essen Speciality Films IPOVeefin Solutions IPO
QIB (times)45.26x
NII (times)112.21x3.26x
RII (times)68.07x1.65x
Total (times)49.73x2.45x

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Compare:

Essen Speciality Films IPO Vs Veefin Solutions IPO