Olatech Solutions IPO vs Veekayem Fashion IPO

Comparison between Olatech Solutions IPO and Veekayem Fashion IPO.

IPO Details

Olatech Solutions 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 Olatech Solutions IPO is up to ₹1.77 Cr whereas the issue size of the Veekayem Fashion IPO is up to ₹4.21 Cr. The final issue price of Olatech Solutions IPO is ₹27.00 per share and of Veekayem Fashion IPO is ₹28.00 per share.

 Olatech Solutions IPOVeekayem Fashion IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹27.00 per share₹28.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size4000 shares4000 shares
Fresh Issue Size6,56,000 shares15,04,000 shares
Fresh Issue Size (Amount)up to ₹1.77 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 Total6,56,000 shares15,04,000 shares
Issue Size Total (Amount)up to ₹1.77 Crup to ₹4.21 Cr

IPO Timetable

Olatech Solutions IPO opens on Aug 12, 2022, while Veekayem Fashion IPO opens on Aug 05, 2022. The closing date of Olatech Solutions IPO and Veekayem Fashion IPO is Aug 19, 2022, and Aug 11, 2022, respectively.

Financials & KPIs

Olatech Solutions IPO P/E ratio is 18, as compared to Veekayem Fashion IPO P/E ratio of 8.72.

 Olatech Solutions IPOVeekayem Fashion IPO
Financials

Company Financials (Restated)

Period Ended31 Mar 202231 Mar 202131 Mar 202031 Mar 2019
Assets2.301.491.890.71
Total Income2.625.498.350.74
Profit After Tax0.350.120.520.10
NET Worth1.641.291.170.65
Reserves and Surplus1.641.281.160.64
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)9254.31
Promoter Shareholding (Post-Issue)64.4839.67
P/E Ratio188.72
Market Cap₹6.32 Cr.₹16.45 Cr.
ROE23.85
ROCE21.31
Debt/Equity
EPS₹2.13₹4.39
RoNW21.316.09

Shares Offered

In the Olatech Solutions IPO Retail Individual Investors (RII) are offered 3,28,000 shares while in Veekayem Fashion IPO retail investors are offered 3,28,000 shares. Qualified Institutional Buyers (QIB) are offered in Olatech Solutions IPO and in Veekayem Fashion IPO.

 Olatech Solutions IPOVeekayem Fashion IPO
Anchor Investor Reservation
Market Maker Reservation44,000 shares80,000 shares
QIB
NII3,28,000 shares7,52,000 shares
RII3,28,000 shares7,52,000 shares
Employee
Others
Total6,56,000 shares15,04,000 shares

Bids Received (Subscription)

Olatech Solutions IPO subscribed 598.82x in total, whereas Veekayem Fashion IPO subscribed 301.47x.

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