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IMS Mercantiles IPO vs Vigor Plast IPO

Comparison between IMS Mercantiles IPO and Vigor Plast IPO.

IPO Details

IMS Mercantiles IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Vigor Plast IPO is a SME Bookbuilding proposed to list at NSE SME.

 IMS Mercantiles IPOVigor Plast IPO
LogoIMS Mercantiles IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersShare India Capital Services Pvt.Ltd.Unistone Capital Pvt.Ltd.
RegistrarMAS Services Ltd.Kfin Technologies Ltd.
Market MakerAlacrity Securities Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL

Issue Size and Price

The total issue size of IMS Mercantiles IPO is up to ₹0.00 Cr whereas the issue size of the Vigor Plast IPO is up to ₹23.85 Cr. The final issue price of IMS Mercantiles IPO is and of Vigor Plast IPO is ₹81.00 per share.

 IMS Mercantiles IPOVigor Plast IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹77.00 per share
Issue Price (Upper)₹81.00 per share
Issue Price (Final)₹81.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size1600 shares
Fresh Issue Size38,78,400 shares23,44,000 shares
Fresh Issue Size (Amount)up to ₹0.00 Crup to ₹18.99 Cr
OFS Issue Size12,93,600 shares6,00,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹4.86 Cr
Issue Size Total51,72,000 shares29,44,000 shares
Issue Size Total (Amount)up to ₹0.00 Crup to ₹23.85 Cr

IPO Timetable

IMS Mercantiles IPO opens on , while Vigor Plast IPO opens on Sep 04, 2025. The closing date of IMS Mercantiles IPO and Vigor Plast IPO is , and Sep 09, 2025, respectively.

 IMS Mercantiles IPOVigor Plast IPO
Anchor Bid DateSep 03, 2025
Issue OpenSep 04, 2025
Issue CloseSep 09, 2025
Basis Of Allotment (Tentative)Sep 10, 2025
Initiation of Refunds (Tentative)Sep 11, 2025
Credit of Share (Tentative)Sep 11, 2025
Listing date (Tentative)Sep 12, 2025
Anchor Lockin End date 1Oct 09, 2025
Anchor Lockin End date 2Dec 08, 2025

Financials & KPIs

IMS Mercantiles IPO P/E ratio is , as compared to Vigor Plast IPO P/E ratio of 12.35.

 IMS Mercantiles IPOVigor Plast IPO
Financials

Ims Mercantiles Limited Financial Information (Restated)

Period Ended31 Jul 202431 Mar 202431 Mar 202331 Mar 2022
Assets75.1164.1256.9650.24
Total Income67.43177.19135.47128.23
Profit After Tax4.4510.074.844.83
Net Worth39.632.2322.1617.32
Reserves and Surplus23.8530.0319.9615.12
Total Borrowing20.0820.5222.0819.86
Amount in ₹ Crore
EBITDA
Promoter Shareholding (Pre-Issue)97.75100.00
Promoter Shareholding (Post-Issue)70.05
P/E Ratio12.35
Market Cap₹83.85 Cr.
ROE37.02%59.39%
ROCE30.83%28.24%
Debt/Equity0.631.39
EPS₹6.56
RoNW37.02%59.39%

Shares Offered

In the IMS Mercantiles IPO Retail Individual Investors (RII) are offered while in Vigor Plast IPO retail investors are offered . Qualified Institutional Buyers (QIB) are offered in IMS Mercantiles IPO and 5,90,400 shares in Vigor Plast IPO.

 IMS Mercantiles IPOVigor Plast IPO
Anchor Investor Reserveration8,73,600 shares
Market Maker Reserveration2,59,200 shares1,55,200 shares
QIB5,90,400 shares
NII4,46,400 shares
RII10,33,600 shares
Employee0 shares
Others
Total29,44,000 shares

Bids Received (Subscription)

IMS Mercantiles IPO subscribed in total, whereas Vigor Plast IPO subscribed 3.88x.

 IMS Mercantiles IPOVigor Plast IPO
QIB (times)3.94x
NII (times)7.03x
Big NII (times)9.00x
Small NII (times)3.09x
RII (times)2.49x
Employee (times)
Other (times)
Total (times)3.88x