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Magson Retail IPO vs Veefin Solutions IPO

Comparison between Magson Retail IPO and Veefin Solutions IPO.

IPO Details

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 IPOVeefin Solutions IPO
LogoMagson Retail IPO LogoVeefin Solutions IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersISK Advisors Pvt.Ltd.Shreni Shares Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerSunflower Broking Pvt.Ltd.Shreni Shares Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

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 IPOVeefin Solutions IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹65.00 per share₹82.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size2000 shares1600 shares
Fresh Issue Size20,08,000 shares25,61,600 shares
Fresh Issue Size (Amount)up to ₹13.05 Crup to ₹21.01 Cr
OFS Issue Size0 shares28,49,600 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹23.37 Cr
Issue Size Total20,08,000 shares54,11,200 shares
Issue Size Total (Amount)up to ₹13.05 Crup to ₹44.37 Cr

IPO Timetable

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 IPOVeefin Solutions IPO
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

Financials & KPIs

Magson Retail IPO P/E ratio is 20.25, as compared to Veefin Solutions IPO P/E ratio of 41.41.

 Magson Retail IPOVeefin Solutions IPO
Financials

Company Financials (Restated Consolidated)

Period Ended31 Mar 202331 Mar 202231 Mar 202131 Mar 2020
Assets20.0014.9512.848.33
Total Income63.0155.6753.5932.41
Profit After Tax2.522.231.821.66
NET Worth9.265.743.511.69
Reserves and Surplus3.535.733.501.68
Total Borrowing3.223.453.873.54
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)95.89%56.26%
Promoter Shareholding (Post-Issue)70.06%39.84%
P/E Ratio20.2541.41
Market Cap₹51.03 Cr.₹173.74 Cr.
ROE13.42
ROCE11.32
Debt/Equity0.350.01
EPS₹4.96₹0.48
RoNW27.197.57

Shares Offered

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 0 shares in Veefin Solutions IPO.

 Magson Retail IPOVeefin Solutions IPO
Anchor Investor Reservation0 shares
Market Maker Reservation1,06,000 shares2,88,000 shares
QIB0 shares
NII10,04,000 shares27,05,600 shares
RII10,04,000 shares27,05,600 shares
Employee0 shares
Total20,08,000 shares54,11,200 shares

Bids Received (Subscription)

Magson Retail IPO subscribed 6.74x in total, whereas Veefin Solutions IPO subscribed 2.45x.

 Magson Retail IPOVeefin Solutions IPO
NII (times)6.09x3.26x
RII (times)7.38x1.65x
Total (times)6.74x2.45x

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Magson Retail IPOVeefin Solutions IPO
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Compare:

Magson Retail IPO Vs Veefin Solutions IPO