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Silkflex Polymers IPO vs Veritaas Advertising IPO

Comparison between Silkflex Polymers IPO and Veritaas Advertising IPO.

IPO Details

Silkflex Polymers 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.

 Silkflex Polymers IPOVeritaas Advertising IPO
LogoSilkflex Polymers IPO LogoVeritaas Advertising IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersShreni Shares Ltd.Horizon Management Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.MAS Services Ltd.
Market MakerShreni Shares 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 Silkflex Polymers IPO is up to ₹17.18 Cr whereas the issue size of the Veritaas Advertising IPO is up to ₹8.06 Cr. The final issue price of Silkflex Polymers IPO is ₹52.00 per share and of Veritaas Advertising IPO is ₹114.00 per share.

 Silkflex Polymers 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)₹52.00 per share₹114.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size2000 shares1200 shares
Fresh Issue Size33,04,000 shares7,06,800 shares
Fresh Issue Size (Amount)up to ₹17.18 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 Total33,04,000 shares7,06,800 shares
Issue Size Total (Amount)up to ₹17.18 Crup to ₹8.06 Cr

IPO Timetable

Silkflex Polymers IPO opens on May 07, 2024, while Veritaas Advertising IPO opens on May 13, 2024. The closing date of Silkflex Polymers IPO and Veritaas Advertising IPO is May 10, 2024, and May 15, 2024, respectively.

 Silkflex Polymers IPOVeritaas Advertising IPO
Anchor Bid DateMay 10, 2024
Issue OpenMay 07, 2024May 13, 2024
Issue CloseMay 10, 2024May 15, 2024
Basis Of Allotment (Tentative)May 13, 2024May 16, 2024
Initiation of Refunds (Tentative)May 14, 2024May 17, 2024
Credit of Share (Tentative)May 14, 2024May 17, 2024
Listing date (Tentative)May 15, 2024May 21, 2024
Anchor Lockin End date 1Jun 15, 2024
Anchor Lockin End date 2Aug 14, 2024

Financials & KPIs

Silkflex Polymers IPO P/E ratio is 53.76, as compared to Veritaas Advertising IPO P/E ratio of 54.

 Silkflex Polymers IPOVeritaas Advertising IPO
Financials

Company Financials (Restated)

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets34.4623.7519.6913.14
Total Income33.8234.4228.0520.96
Profit After Tax2.570.790.690.45
NET Worth10.738.177.385.14
Reserves and Surplus2.615.674.883.08
Total Borrowing17.1612.089.956.13
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)99.84%88.74%
Promoter Shareholding (Post-Issue)69.89%65.36%
P/E Ratio53.7654
Market Cap₹60.36 Cr.₹32.18 Cr.
ROE23.9144.24
ROCE41.0439.65
Debt/Equity1.600.64
EPS₹0.97₹2.11
RoNW23.9144.23

Shares Offered

In the Silkflex Polymers IPO Retail Individual Investors (RII) are offered 16,52,000 shares while in Veritaas Advertising IPO retail investors are offered 16,52,000 shares. Qualified Institutional Buyers (QIB) are offered in Silkflex Polymers IPO and 1,77,600 shares in Veritaas Advertising IPO.

 Silkflex Polymers IPOVeritaas Advertising IPO
Anchor Investor Reservation1,74,000 shares
Market Maker Reservation1,78,000 shares37,200 shares
QIB1,77,600 shares
NII16,52,000 shares1,06,800 shares
RII16,52,000 shares2,48,400 shares
Total33,04,000 shares7,06,800 shares

Bids Received (Subscription)

Silkflex Polymers IPO subscribed 36.28x in total, whereas Veritaas Advertising IPO subscribed 468.59x.

 Silkflex Polymers IPOVeritaas Advertising IPO
QIB (times)102.41x
NII (times)36.59x629.56x
RII (times)35.97x989.44x
Total (times)36.28x468.59x

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Compare:

Silkflex Polymers IPO Vs Veritaas Advertising IPO