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Aztec Fluids IPO vs Veritaas Advertising IPO

Comparison between Aztec Fluids IPO and Veritaas Advertising IPO.

IPO Details

Aztec Fluids IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Veritaas Advertising IPO is a SME Bookbuilding proposed to list at NSE SME.

 Aztec Fluids IPOVeritaas Advertising IPO
LogoAztec Fluids IPO LogoVeritaas Advertising IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersHem Securities Ltd.Horizon Management Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.MAS Services Ltd.
Market MakerHem Finlease Pvt.Ltd.Horizon Financial Consultants Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Aztec Fluids IPO is up to ₹22.90 Cr whereas the issue size of the Veritaas Advertising IPO is up to ₹8.06 Cr. The final issue price of Aztec Fluids IPO is ₹67.00 per share and of Veritaas Advertising IPO is ₹114.00 per share.

 Aztec Fluids IPOVeritaas Advertising IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹63.00 per share₹109.00 per share
Issue Price (Upper)₹67.00 per share₹114.00 per share
Issue Price (Final)₹67.00 per share₹114.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares1200 shares
Fresh Issue Size34,18,000 shares7,06,800 shares
Fresh Issue Size (Amount)up to ₹22.90 Crup to ₹8.06 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total34,18,000 shares7,06,800 shares
Issue Size Total (Amount)up to ₹22.90 Crup to ₹8.06 Cr

IPO Timetable

Aztec Fluids IPO opens on May 10, 2024, while Veritaas Advertising IPO opens on May 13, 2024. The closing date of Aztec Fluids IPO and Veritaas Advertising IPO is May 14, 2024, and May 15, 2024, respectively.

 Aztec Fluids IPOVeritaas Advertising IPO
Anchor Bid DateMay 09, 2024May 10, 2024
Issue OpenMay 10, 2024May 13, 2024
Issue CloseMay 14, 2024May 15, 2024
Basis Of Allotment (Tentative)May 15, 2024May 16, 2024
Initiation of Refunds (Tentative)May 16, 2024May 17, 2024
Credit of Share (Tentative)May 16, 2024May 17, 2024
Listing date (Tentative)May 17, 2024May 21, 2024
Anchor Lockin End date 1Jun 14, 2024Jun 15, 2024
Anchor Lockin End date 2Aug 13, 2024Aug 14, 2024

Financials & KPIs

Aztec Fluids IPO P/E ratio is 20.47, as compared to Veritaas Advertising IPO P/E ratio of 54.

 Aztec Fluids IPOVeritaas Advertising IPO
Financials

Aztec Fluids & Machinery Limited Financial Information (Restated)

Aztec Fluids & Machinery Limited's revenue increased by 17.46% and profit after tax (PAT) rose by 5.18% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets4,287.003,090.062,707.752,112.81
Total Income5,182.385,452.974,642.563,467.75
Profit After Tax450.74327.38311.25246.28
Net Worth1,986.341,535.601,238.56958.92
Reserves and Surplus986.341,335.601,237.56957.92
Total Borrowing565.95562.31552.40514.34
Amount in ₹ Lakhs

Veritaas Advertising Limited Financial Information (Restated)

Period Ended10 Feb 202431 Mar 202331 Mar 202231 Mar 2021
Assets926.51530.58269.00152.32
Total Income786.75786.75339.22234.21
Profit After Tax156.7943.8912.5819.72
Net Worth354.3989.6045.7125.13
Reserves and Surplus146.4980.6036.7124.13
Total Borrowing228.17134.0374.73
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)100.0088.74
Promoter Shareholding (Post-Issue)88.74
P/E Ratio20.4754
Market Cap₹91.12 Cr.₹32.18 Cr.
ROE25.60%44.24%
ROCE25.38%39.65%
Debt/Equity0.280.64
EPS₹3.27₹2.11
RoNW22.69%44.23%

Shares Offered

In the Aztec Fluids IPO Retail Individual Investors (RII) are offered 11,98,000 shares while in Veritaas Advertising IPO retail investors are offered 11,98,000 shares. Qualified Institutional Buyers (QIB) are offered 6,84,000 shares in Aztec Fluids IPO and 1,77,600 shares in Veritaas Advertising IPO.

 Aztec Fluids IPOVeritaas Advertising IPO
Anchor Investor Reserveration10,22,000 shares1,74,000 shares
Market Maker Reserveration1,82,000 shares37,200 shares
QIB6,84,000 shares1,77,600 shares
NII5,14,000 shares1,06,800 shares
RII11,98,000 shares2,48,400 shares
Employee
Others
Total34,18,000 shares7,06,800 shares

Bids Received (Subscription)

Aztec Fluids IPO subscribed 218.38x in total, whereas Veritaas Advertising IPO subscribed 621.62x.

 Aztec Fluids IPOVeritaas Advertising IPO
QIB (times)107.93x102.41x
NII (times)341.94x629.56x
Big NII (times)
Small NII (times)
RII (times)228.43x989.44x
Employee (times)
Other (times)
Total (times)218.38x621.62x