Maheshwari Logistics IPO vs Veeram Ornaments IPO

Comparison between Maheshwari Logistics IPO and Veeram Ornaments IPO.

IPO Details

Maheshwari Logistics IPO is a SME Fixed Price IPO proposed to list at NSE SME while Veeram Ornaments IPO is a SME Fixed Price proposed to list at BSE SME.

Issue Size and Price

The total issue size of Maheshwari Logistics IPO is up to ₹25.79 Cr whereas the issue size of the Veeram Ornaments IPO is up to ₹4.86 Cr. The final issue price of Maheshwari Logistics IPO is ₹68.00 per share and of Veeram Ornaments IPO is ₹45.00 per share.

 Maheshwari Logistics IPOVeeram Ornaments IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹68.00 per share₹45.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size2000 shares3000 shares
Fresh Issue Size37,92,000 shares10,80,000 shares
Fresh Issue Size (Amount)up to ₹25.79 Crup to ₹4.86 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total37,92,000 shares10,80,000 shares
Issue Size Total (Amount)up to ₹25.79 Crup to ₹4.86 Cr

IPO Timetable

Maheshwari Logistics IPO opens on Dec 30, 2016, while Veeram Ornaments IPO opens on Dec 23, 2016. The closing date of Maheshwari Logistics IPO and Veeram Ornaments IPO is Jan 06, 2017, and Dec 28, 2016, respectively.

 Maheshwari Logistics IPOVeeram Ornaments IPO
Issue OpenDec 30, 2016Dec 23, 2016
Issue CloseJan 06, 2017Dec 28, 2016
Basis Of Allotment (Tentative)Jan 11, 2017Jan 02, 2017
Listing date (Tentative)Jan 16, 2017Jan 05, 2017

Financials & KPIs

Maheshwari Logistics IPO P/E ratio is , as compared to Veeram Ornaments IPO P/E ratio of .

 Maheshwari Logistics IPOVeeram Ornaments IPO
Financials

Company Financials (Restated)

Period Ended30 Sep 201631 Mar 201631 Mar 201531 Mar 2014
Assets246.53217.88167.08152.35
Total Income334.81605.47534.93414.89
Profit After Tax4.716.925.845.17
NET Worth59.4356.6947.6438.08
Reserves and Surplus54.0351.2942.4333.21
Total Borrowing59.4052.4729.5635.87
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Jun 201631 Mar 201631 Mar 201531 Mar 2014
Assets4.303.220.170.09
Total Income2.001.470.050.07
Profit After Tax0.280.070.000.00
NET Worth3.323.080.010.01
Reserves and Surplus3.022.740.000.00
Total Borrowing0.460.110.07
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)79.72%57.29%
Promoter Shareholding (Post-Issue)58.19%42.18%
Market Cap₹100.63 Cr.₹19.40 Cr.

Shares Offered

In the Maheshwari Logistics IPO Retail Individual Investors (RII) are offered 18,96,000 shares while in Veeram Ornaments IPO retail investors are offered 18,96,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Maheshwari Logistics IPO and 0 shares in Veeram Ornaments IPO.

 Maheshwari Logistics IPOVeeram Ornaments IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation2,04,000 shares57,000 shares
QIB0 shares0 shares
NII18,96,000 shares5,40,000 shares
RII18,96,000 shares5,40,000 shares
Employee0 shares0 shares
Total37,92,000 shares10,80,000 shares

Bids Received (Subscription)

Maheshwari Logistics IPO subscribed 4.61x in total, whereas Veeram Ornaments IPO subscribed 110.83x.

 Maheshwari Logistics IPOVeeram Ornaments IPO
NII (times)4.56x174.44x
RII (times)4.67x47.22x
Total (times)4.61x110.83x

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Maheshwari Logistics IPO Vs Veeram Ornaments IPO