Comparison between Piotex Industries IPO and Veritaas Advertising IPO.
Piotex Industries 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.
| Piotex Industries IPO | Veritaas Advertising IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Bookbuilding |
| Listing At | BSE SME | NSE SME |
| Lead Managers | Beeline Capital Advisors Pvt.Ltd. | Horizon Management Pvt.Ltd. |
| Registrar | Cameo Corporate Services Ltd. | MAS Services Ltd. |
| Market Maker | Spread X Securities Pvt.Ltd. | Horizon Financial Consultants Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Piotex Industries IPO is up to ₹13.74 Cr whereas the issue size of the Veritaas Advertising IPO is up to ₹8.06 Cr. The final issue price of Piotex Industries IPO is ₹94.00 per share and of Veritaas Advertising IPO is ₹114.00 per share.
| Piotex Industries IPO | Veritaas Advertising IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹109.00 per share | |
| Issue Price (Upper) | ₹114.00 per share | |
| Issue Price (Final) | ₹94.00 per share | ₹114.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 1200 shares | 1200 shares |
| Fresh Issue Size | 14,61,600 shares | 7,06,800 shares |
| Fresh Issue Size (Amount) | up to ₹13.74 Cr | up to ₹8.06 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 14,61,600 shares | 7,06,800 shares |
| Issue Size Total (Amount) | up to ₹13.74 Cr | up to ₹8.06 Cr |
Piotex Industries IPO opens on May 10, 2024, while Veritaas Advertising IPO opens on May 13, 2024. The closing date of Piotex Industries IPO and Veritaas Advertising IPO is May 14, 2024, and May 15, 2024, respectively.
| Piotex Industries IPO | Veritaas Advertising IPO | |
|---|---|---|
| Anchor Bid Date | May 10, 2024 | |
| Issue Open | May 10, 2024 | May 13, 2024 |
| Issue Close | May 14, 2024 | May 15, 2024 |
| Basis Of Allotment (Tentative) | May 15, 2024 | May 16, 2024 |
| Initiation of Refunds (Tentative) | May 16, 2024 | May 17, 2024 |
| Credit of Share (Tentative) | May 16, 2024 | May 17, 2024 |
| Listing date (Tentative) | May 17, 2024 | May 21, 2024 |
| Anchor Lockin End date 1 | Jun 15, 2024 | |
| Anchor Lockin End date 2 | Aug 14, 2024 |
Piotex Industries IPO P/E ratio is 11.14, as compared to Veritaas Advertising IPO P/E ratio of 54.
| Piotex Industries IPO | Veritaas Advertising IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Piotex Industries Limited Financial Information (Restated)Piotex Industries Limited's revenue increased by 37.23% and profit after tax (PAT) rose by 4.17% between the financial year ending with March 31, 2024 and March 31, 2023.
| Veritaas Advertising Limited Financial Information (Restated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 100.00 | 88.74 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 69.83 | 88.74 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 11.14 | 54 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹47.97 Cr. | ₹32.18 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 44.99% | 44.24% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 33.20% | 39.65% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.50 | 0.64 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹8.44 | ₹2.11 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 33.53% | 44.23% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Piotex Industries IPO Retail Individual Investors (RII) are offered 7,30,800 shares while in Veritaas Advertising IPO retail investors are offered 7,30,800 shares. Qualified Institutional Buyers (QIB) are offered in Piotex Industries IPO and 1,77,600 shares in Veritaas Advertising IPO.
| Piotex Industries IPO | Veritaas Advertising IPO | |
|---|---|---|
| Anchor Investor Reserveration | 1,74,000 shares | |
| Market Maker Reserveration | 78,000 shares | 37,200 shares |
| QIB | 1,77,600 shares | |
| NII | 7,30,800 shares | 1,06,800 shares |
| RII | 7,30,800 shares | 2,48,400 shares |
| Employee | ||
| Others | ||
| Total | 14,61,600 shares | 7,06,800 shares |
Piotex Industries IPO subscribed 107.44x in total, whereas Veritaas Advertising IPO subscribed 621.62x.
| Piotex Industries IPO | Veritaas Advertising IPO | |
|---|---|---|
| QIB (times) | 102.41x | |
| NII (times) | 115.21x | 629.56x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 93.33x | 989.44x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 107.44x | 621.62x |
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