ProStocks Logo
Unlimited Trades ₹899 Monthly
www.ProStocks.com
Contact us

Piotex Industries IPO vs Veritaas Advertising IPO

Comparison between Piotex Industries IPO and Veritaas Advertising IPO.

IPO Details

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 IPOVeritaas Advertising IPO
LogoPiotex Industries IPO LogoVeritaas Advertising IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersBeeline Capital Advisors Pvt.Ltd.Horizon Management Pvt.Ltd.
RegistrarCameo Corporate Services Ltd.MAS Services Ltd.
Market MakerSpread X Securities Pvt.Ltd.Horizon Financial Consultants Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

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 IPOVeritaas 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
Market Lot Size1200 shares1200 shares
Fresh Issue Size14,61,600 shares7,06,800 shares
Fresh Issue Size (Amount)up to ₹13.74 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 Total14,61,600 shares7,06,800 shares
Issue Size Total (Amount)up to ₹13.74 Crup to ₹8.06 Cr

IPO Timetable

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 IPOVeritaas Advertising IPO
Anchor Bid DateMay 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 15, 2024
Anchor Lockin End date 2Aug 14, 2024

Financials & KPIs

Piotex Industries IPO P/E ratio is 11.14, as compared to Veritaas Advertising IPO P/E ratio of 54.

 Piotex Industries IPOVeritaas Advertising IPO
Financials

Company Financials (Restated)

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets36.1117.5813.85
Total Income118.9486.6780.46
Profit After Tax3.012.890.74
NET Worth8.974.401.51
Reserves and Surplus5.824.251.36
Total Borrowing4.463.725.29
Amount in ₹ Crore

Company Financials (Restated)

Period Ended10 Feb 202431 Mar 202331 Mar 202231 Mar 2021
Assets9.275.312.691.52
Total Income7.877.873.392.34
Profit After Tax1.570.440.130.20
NET Worth3.540.900.460.25
Reserves and Surplus1.460.810.370.24
Total Borrowing2.281.340.75
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100%88.74%
Promoter Shareholding (Post-Issue)65.94%65.36%
P/E Ratio11.1454
Market Cap₹47.97 Cr.₹32.18 Cr.
ROE44.9944.24
ROCE33.2039.65
Debt/Equity0.500.64
EPS₹8.44₹2.11
RoNW33.5344.23

Shares Offered

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 IPOVeritaas Advertising IPO
Anchor Investor Reservation1,74,000 shares
Market Maker Reservation78,000 shares37,200 shares
QIB1,77,600 shares
NII7,30,800 shares1,06,800 shares
RII7,30,800 shares2,48,400 shares
Total14,61,600 shares7,06,800 shares

Bids Received (Subscription)

Piotex Industries IPO subscribed 104.27x in total, whereas Veritaas Advertising IPO subscribed 468.59x.

 Piotex Industries IPOVeritaas Advertising IPO
QIB (times)102.41x
NII (times)115.21x629.56x
RII (times)93.33x989.44x
Total (times)104.27x468.59x

Compare with others

Piotex Industries IPOVeritaas Advertising IPO
GSM Foils IPOVilas Transcore IPO
Vilas Transcore IPOHOAC Foods IPO
HOAC Foods IPORulka Electricals IPO
Rulka Electricals IPOQuest Laboratories IPO
Quest Laboratories IPOPiotex Industries IPO
Veritaas Advertising IPOIndian Emulsifiers IPO
Indian Emulsifiers IPOAztec Fluids IPO
Aztec Fluids IPOPremier Roadlines IPO
Premier Roadlines IPOSilkflex Polymers IPO
Silkflex Polymers IPOEnergy-Mission Machineries IPO

Compare:

Piotex Industries IPO Vs Veritaas Advertising IPO