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Indian Emulsifiers IPO vs Veritaas Advertising IPO

Comparison between Indian Emulsifiers IPO and Veritaas Advertising IPO.

IPO Details

Indian Emulsifiers IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Veritaas Advertising IPO is a SME Bookbuilding proposed to list at NSE SME.

 Indian Emulsifiers IPOVeritaas Advertising IPO
LogoIndian Emulsifiers IPO LogoVeritaas Advertising IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersEkadrisht Capital Pvt.Ltd.Horizon Management Pvt.Ltd.
RegistrarMaashitla Securities Pvt.Ltd.MAS Services Ltd.
Market MakerSS Corporate Securities 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 Indian Emulsifiers IPO is up to ₹40.26 Cr whereas the issue size of the Veritaas Advertising IPO is up to ₹8.06 Cr. The final issue price of Indian Emulsifiers IPO is ₹132.00 per share and of Veritaas Advertising IPO is ₹114.00 per share.

 Indian Emulsifiers IPOVeritaas Advertising IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹125.00 per share₹109.00 per share
Issue Price (Upper)₹132.00 per share₹114.00 per share
Issue Price (Final)₹132.00 per share₹114.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1000 shares1200 shares
Fresh Issue Size30,50,000 shares7,06,800 shares
Fresh Issue Size (Amount)up to ₹40.26 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 Total30,50,000 shares7,06,800 shares
Issue Size Total (Amount)up to ₹40.26 Crup to ₹8.06 Cr

IPO Timetable

Indian Emulsifiers IPO opens on May 13, 2024, while Veritaas Advertising IPO opens on May 13, 2024. The closing date of Indian Emulsifiers IPO and Veritaas Advertising IPO is May 16, 2024, and May 15, 2024, respectively.

 Indian Emulsifiers IPOVeritaas Advertising IPO
Anchor Bid DateMay 10, 2024May 10, 2024
Issue OpenMay 13, 2024May 13, 2024
Issue CloseMay 16, 2024May 15, 2024
Basis Of Allotment (Tentative)May 17, 2024May 16, 2024
Initiation of Refunds (Tentative)May 21, 2024May 17, 2024
Credit of Share (Tentative)May 21, 2024May 17, 2024
Listing date (Tentative)May 22, 2024May 21, 2024
Anchor Lockin End date 1Jun 16, 2024Jun 15, 2024
Anchor Lockin End date 2Aug 15, 2024Aug 14, 2024

Financials & KPIs

Indian Emulsifiers IPO P/E ratio is 30.54, as compared to Veritaas Advertising IPO P/E ratio of 54.

 Indian Emulsifiers IPOVeritaas Advertising IPO
Financials

Indian Emulsifier Limited Financial Information (Restated Standalone)

Indian Emulsifier Limited's revenue increased by 132.9% and profit after tax (PAT) rose by 8935.73% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets6,176.633,432.261,910.2259.72
Total Income4,870.164,118.351,768.31
Profit After Tax675.01389.444.31-0.37
Net Worth2,636.351,204.35814.940.63
Reserves and Surplus1,735.22393.343.93-0.37
Total Borrowing2,244.452,030.441,068.5458.91
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)65.2588.74
Promoter Shareholding (Post-Issue)48.1188.74
P/E Ratio30.5454
Market Cap₹161.33 Cr.₹32.18 Cr.
ROE25.61%44.24%
ROCE38.03%39.65%
Debt/Equity0.510.64
EPS₹4.32₹2.11
RoNW25.60%44.23%

Shares Offered

In the Indian Emulsifiers IPO Retail Individual Investors (RII) are offered 10,70,000 shares while in Veritaas Advertising IPO retail investors are offered 10,70,000 shares. Qualified Institutional Buyers (QIB) are offered 6,10,000 shares in Indian Emulsifiers IPO and 1,77,600 shares in Veritaas Advertising IPO.

 Indian Emulsifiers IPOVeritaas Advertising IPO
Anchor Investor Reserveration9,10,000 shares1,74,000 shares
Market Maker Reserveration1,61,000 shares37,200 shares
QIB6,10,000 shares1,77,600 shares
NII4,60,000 shares1,06,800 shares
RII10,70,000 shares2,48,400 shares
Employee
Others
Total30,50,000 shares7,06,800 shares

Bids Received (Subscription)

Indian Emulsifiers IPO subscribed 460.07x in total, whereas Veritaas Advertising IPO subscribed 621.62x.

 Indian Emulsifiers IPOVeritaas Advertising IPO
QIB (times)175.95x102.41x
NII (times)779.63x629.56x
Big NII (times)
Small NII (times)
RII (times)484.66x989.44x
Employee (times)
Other (times)
Total (times)460.07x621.62x