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IRIS Clothings IPO vs Veeram Infra Engineering IPO

Comparison between IRIS Clothings IPO and Veeram Infra Engineering IPO.

IPO Details

IRIS Clothings IPO is a SME Fixed Price IPO proposed to list at NSE SME while Veeram Infra Engineering IPO is a SME Fixed Price proposed to list at BSE SME.

 IRIS Clothings IPOVeeram Infra Engineering IPO
LogoIRIS Clothings IPO LogoVeeram Infra Engineering IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersVC Corporate Advisors Pvt.Ltd.First Overseas Capital Ltd.
RegistrarCameo Corporate Services Ltd.Kfin Technologies Ltd.
Market MakerChoice Equity Broking Pvt.Ltd.Alacrity Securities Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of IRIS Clothings IPO is up to ₹10.51 Cr whereas the issue size of the Veeram Infra Engineering IPO is up to ₹10.18 Cr. The final issue price of IRIS Clothings IPO is ₹90.00 per share and of Veeram Infra Engineering IPO is ₹51.00 per share.

 IRIS Clothings IPOVeeram Infra Engineering IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹90.00 per share₹51.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares2000 shares
Fresh Issue Size11,68,000 shares19,96,000 shares
Fresh Issue Size (Amount)up to ₹10.51 Crup to ₹10.18 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total11,68,000 shares19,96,000 shares
Issue Size Total (Amount)up to ₹10.51 Crup to ₹10.18 Cr

IPO Timetable

IRIS Clothings IPO opens on Oct 10, 2018, while Veeram Infra Engineering IPO opens on Sep 28, 2018. The closing date of IRIS Clothings IPO and Veeram Infra Engineering IPO is Oct 12, 2018, and Oct 12, 2018, respectively.

 IRIS Clothings IPOVeeram Infra Engineering IPO
Anchor Bid Date
Issue OpenOct 10, 2018Sep 28, 2018
Issue CloseOct 12, 2018Oct 12, 2018
Basis Of Allotment (Tentative)Oct 17, 2018
Initiation of Refunds (Tentative)Oct 17, 2018
Credit of Share (Tentative)Oct 19, 2018
Listing date (Tentative)Oct 23, 2018Oct 23, 2018
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

IRIS Clothings IPO P/E ratio is , as compared to Veeram Infra Engineering IPO P/E ratio of .

 IRIS Clothings IPOVeeram Infra Engineering IPO
Financials
Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
30-Jun-18 31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 4,042.83 3,978.58 3,182.40 2,661.01 2,968.46 2,893.88
Total Revenue 1,484.70 5,310.12 4,689.14 3,699.20 3,009.49 2,498.51
Profit After Tax 117.08 337.90 159.73 64.61 24.23 68.08
Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 935.06 25.99 25.57 24.66 24.16
Total Revenue 1,281.50 3.95 2.94 3.88 3.55
Profit After Tax 67.07 0.02 0.01 0.01 0.02
Promoter Shareholding (Pre-Issue)
Promoter Shareholding (Post-Issue)
P/E Ratio
Market Cap
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the IRIS Clothings IPO Retail Individual Investors (RII) are offered 5,84,000 shares while in Veeram Infra Engineering IPO retail investors are offered 5,84,000 shares. Qualified Institutional Buyers (QIB) are offered in IRIS Clothings IPO and in Veeram Infra Engineering IPO.

 IRIS Clothings IPOVeeram Infra Engineering IPO
Anchor Investor Reserveration
Market Maker Reserveration62,400 shares1,10,000 shares
QIB
NII5,84,000 shares9,98,000 shares
RII5,84,000 shares9,98,000 shares
Employee
Others
Total11,68,000 shares19,96,000 shares

Bids Received (Subscription)

IRIS Clothings IPO subscribed 1.14x in total, whereas Veeram Infra Engineering IPO subscribed 1.19x.

 IRIS Clothings IPOVeeram Infra Engineering IPO
QIB (times)
NII (times)2.01x1.62x
Big NII (times)
Small NII (times)
RII (times)0.27x0.75x
Employee (times)
Other (times)
Total (times)1.14x1.19x