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Kesar India IPO vs Veekayem Fashion IPO

Comparison between Kesar India IPO and Veekayem Fashion IPO.

IPO Details

Kesar India IPO is a SME Fixed Price IPO proposed to list at BSE SME while Veekayem Fashion IPO is a SME Fixed Price proposed to list at NSE SME.

 Kesar India IPOVeekayem Fashion IPO
LogoKesar India IPO LogoVeekayem Fashion IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMENSE SME
Lead ManagersFedex Securities Pvt.Ltd.GYR Capital Advisors Pvt.Ltd.
RegistrarKfin Technologies Ltd.Kfin Technologies Ltd.
Market MakerHem Finlease Pvt.Ltd.Econo Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Kesar India IPO is up to ₹15.01 Cr whereas the issue size of the Veekayem Fashion IPO is up to ₹4.21 Cr. The final issue price of Kesar India IPO is ₹170.00 per share and of Veekayem Fashion IPO is ₹28.00 per share.

 Kesar India IPOVeekayem Fashion IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹170.00 per share₹28.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size800 shares4000 shares
Fresh Issue Size8,83,200 shares15,04,000 shares
Fresh Issue Size (Amount)up to ₹15.01 Crup to ₹4.21 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total8,83,200 shares15,04,000 shares
Issue Size Total (Amount)up to ₹15.01 Crup to ₹4.21 Cr

IPO Timetable

Kesar India IPO opens on Jun 30, 2022, while Veekayem Fashion IPO opens on Aug 05, 2022. The closing date of Kesar India IPO and Veekayem Fashion IPO is Jul 04, 2022, and Aug 11, 2022, respectively.

 Kesar India IPOVeekayem Fashion IPO
Anchor Bid Date
Issue OpenJun 30, 2022Aug 05, 2022
Issue CloseJul 04, 2022Aug 11, 2022
Basis Of Allotment (Tentative)Jul 07, 2022Aug 17, 2022
Initiation of Refunds (Tentative)Jul 08, 2022Aug 18, 2022
Credit of Share (Tentative)Jul 11, 2022Aug 19, 2022
Listing date (Tentative)Jul 12, 2022Aug 22, 2022
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Kesar India IPO P/E ratio is 13.87, as compared to Veekayem Fashion IPO P/E ratio of 8.72.

 Kesar India IPOVeekayem Fashion IPO
Financials
Kesar India Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet Worth
31-Mar-19220.3118.540.73-85.88
31-Mar-20243.257.73.73-82.15
31-Mar-21374.72119.711.19-80.96
31-Dec-21818.31695.5324.49243.65
Amount in ₹ Lakhs
Veekayem Fashion and Apparels Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-1911789.320317.36228.312973.172331.38
31-Mar-2012090.421571.46109.12869.652440.48
31-Mar-2112351.957670.0635.252904.92475.73
31-Mar-2213267.1914947.02188.543095.282666.11
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)10054.31
Promoter Shareholding (Post-Issue)73.6539.67
P/E Ratio13.878.72
Market Cap₹60.02 Cr.₹16.45 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Kesar India IPO Retail Individual Investors (RII) are offered 4,41,600 shares while in Veekayem Fashion IPO retail investors are offered 4,41,600 shares. Qualified Institutional Buyers (QIB) are offered in Kesar India IPO and in Veekayem Fashion IPO.

 Kesar India IPOVeekayem Fashion IPO
Anchor Investor Reserveration
Market Maker Reserveration47,200 shares80,000 shares
QIB
NII4,41,600 shares7,52,000 shares
RII4,41,600 shares7,52,000 shares
Employee
Others
Total8,83,200 shares15,04,000 shares

Bids Received (Subscription)

Kesar India IPO subscribed 1.77x in total, whereas Veekayem Fashion IPO subscribed 301.47x.

 Kesar India IPOVeekayem Fashion IPO
QIB (times)
NII (times)2.62x355.85x
Big NII (times)
Small NII (times)
RII (times)0.91x247.09x
Employee (times)
Other (times)
Total (times)1.77x301.47x