Comparison between Magson Retail IPO and Veefin Solutions IPO.
Magson Retail 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.
| Magson Retail IPO | Veefin Solutions IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Fixed Price |
| Listing At | NSE SME | BSE SME |
| Lead Managers | ISK Advisors Pvt.Ltd. | Shreni Shares Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Sunflower Broking Pvt.Ltd. | Shreni Shares Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | ||
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Magson Retail IPO is up to ₹13.05 Cr whereas the issue size of the Veefin Solutions IPO is up to ₹44.37 Cr. The final issue price of Magson Retail IPO is ₹65.00 per share and of Veefin Solutions IPO is ₹82.00 per share.
| Magson Retail IPO | Veefin Solutions IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ||
| Issue Price (Upper) | ||
| Issue Price (Final) | ₹65.00 per share | ₹82.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 2000 shares | 1600 shares |
| Fresh Issue Size | 20,08,000 shares | 25,61,600 shares |
| Fresh Issue Size (Amount) | up to ₹13.05 Cr | up to ₹21.01 Cr |
| OFS Issue Size | 0 shares | 28,49,600 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹23.37 Cr |
| Issue Size Total | 20,08,000 shares | 54,11,200 shares |
| Issue Size Total (Amount) | up to ₹13.05 Cr | up to ₹44.37 Cr |
Magson Retail IPO opens on Jun 23, 2023, while Veefin Solutions IPO opens on Jun 22, 2023. The closing date of Magson Retail IPO and Veefin Solutions IPO is Jun 27, 2023, and Jun 26, 2023, respectively.
| Magson Retail IPO | Veefin Solutions IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Jun 23, 2023 | Jun 22, 2023 |
| Issue Close | Jun 27, 2023 | Jun 26, 2023 |
| Basis Of Allotment (Tentative) | Jul 03, 2023 | Jun 30, 2023 |
| Initiation of Refunds (Tentative) | Jul 04, 2023 | Jul 03, 2023 |
| Credit of Share (Tentative) | Jul 05, 2023 | Jul 04, 2023 |
| Listing date (Tentative) | Jul 06, 2023 | Jul 05, 2023 |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
Magson Retail IPO P/E ratio is 20.25, as compared to Veefin Solutions IPO P/E ratio of 41.41.
| Magson Retail IPO | Veefin Solutions IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials |
|
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 95.89 | 56.26 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 70.06 | 39.84 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 20.25 | 41.41 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹51.03 Cr. | ₹173.74 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 13.42% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 11.32% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.35 | 0.01 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹4.96 | ₹0.48 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 27.19% | 7.57% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Magson Retail IPO Retail Individual Investors (RII) are offered 10,04,000 shares while in Veefin Solutions IPO retail investors are offered 10,04,000 shares. Qualified Institutional Buyers (QIB) are offered in Magson Retail IPO and in Veefin Solutions IPO.
| Magson Retail IPO | Veefin Solutions IPO | |
|---|---|---|
| Anchor Investor Reserveration | ||
| Market Maker Reserveration | 1,06,000 shares | 2,88,000 shares |
| QIB | ||
| NII | 10,04,000 shares | 27,05,600 shares |
| RII | 10,04,000 shares | 27,05,600 shares |
| Employee | ||
| Others | ||
| Total | 20,08,000 shares | 54,11,200 shares |
Magson Retail IPO subscribed 6.74x in total, whereas Veefin Solutions IPO subscribed 2.46x.
| Magson Retail IPO | Veefin Solutions IPO | |
|---|---|---|
| QIB (times) | ||
| NII (times) | 6.09x | 3.26x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 7.38x | 1.65x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 6.74x | 2.46x |
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