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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
Final ProspectusFinal Prospectus Final Prospectus
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 (Final)₹90.00 per share₹51.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
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
Issue OpenOct 10, 2018Sep 28, 2018
Issue CloseOct 12, 2018Oct 12, 2018
Basis Of Allotment (Tentative)Oct 17, 2018Oct 17, 2018
Initiation of Refunds (Tentative)Oct 17, 2018
Credit of Share (Tentative)Oct 19, 2018
Listing date (Tentative)Oct 23, 2018Oct 23, 2018

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

Company Financials (Restated)

Period Ended30 Jun 201831 Mar 201831 Mar 201731 Mar 2016
Assets40.4339.7931.8226.61
Total Income14.8553.1046.8936.99
Profit After Tax1.173.381.600.65
Reserves and Surplus10.237.323.742.14
Total Borrowing17.262.1016.5913.66
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Mar 201831 Mar 201731 Mar 2016
Assets9.350.260.26
Total Income12.820.040.03
Profit After Tax0.670.000.00
NET Worth6.530.090.09
Reserves and Surplus3.760.040.04
Total Borrowing0.720.030.03
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)91.57%62.48%
Promoter Shareholding (Post-Issue)67.4%45.94%
Market Cap₹41.95 Cr.₹40.58 Cr.

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
Market Maker Reservation62,400 shares1,10,000 shares
NII5,84,000 shares9,98,000 shares
RII5,84,000 shares9,98,000 shares
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
NII (times)2.01x1.62x
RII (times)0.27x0.75x
Total (times)1.14x1.19x

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Compare:

IRIS Clothings IPO Vs Veeram Infra Engineering IPO