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.

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 (Final)₹170.00 per share₹28.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
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
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

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

Company Financials (Restated)

Period Ended31 Dec 202131 Mar 202131 Mar 202031 Mar 2019
Assets8.183.752.432.20
Total Income6.961.200.580.19
Profit After Tax3.240.010.040.01
NET Worth2.44-0.81-0.82-0.86
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Mar 202231 Mar 202131 Mar 202031 Mar 2019
Assets132.67123.52120.90117.89
Total Income149.4776.70215.71203.17
Profit After Tax1.890.351.092.28
NET Worth30.9529.0528.7029.73
Reserves and Surplus26.6624.7624.4023.31
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100%54.31%
Promoter Shareholding (Post-Issue)73.65%39.67%
P/E Ratio13.878.72
Market Cap₹60.02 Cr.₹16.45 Cr.
ROE-2
ROCE-2
Debt/Equity1.28
EPS₹7.54₹4.39
RoNW-1.526.09

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
Market Maker Reservation47,200 shares80,000 shares
NII4,41,600 shares7,52,000 shares
RII4,41,600 shares7,52,000 shares
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
NII (times)2.62x355.85x
RII (times)0.91x247.09x
Total (times)1.77x301.47x

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