Oriana Power IPO vs Vinsys IT IPO

Comparison between Oriana Power IPO and Vinsys IT IPO.

IPO Details

Oriana Power IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Vinsys IT IPO is a SME Bookbuilding proposed to list at NSE SME.

	Oriana Power IPO	Vinsys IT IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	NSE SME	NSE SME
Lead Managers	Corporate Capitalventures Pvt.Ltd.	Beeline Capital Advisors Pvt.Ltd.
Registrar	Skyline Financial Services Pvt.Ltd.	MUFG Intime India Pvt.Ltd.
Market Maker	Share India Securities Ltd.	Sunflower Broking Pvt.Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Oriana Power IPO is up to ₹56.64 Cr whereas the issue size of the Vinsys IT IPO is up to ₹47.35 Cr. The final issue price of Oriana Power IPO is ₹118.00 per share and of Vinsys IT IPO is ₹128.00 per share.

	Oriana Power IPO	Vinsys IT IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹115.00 per share	₹121.00 per share
Issue Price (Upper)	₹118.00 per share	₹128.00 per share
Issue Price (Final)	₹118.00 per share	₹128.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	1200 shares	1000 shares
Fresh Issue Size	48,00,000 shares	36,99,000 shares
Fresh Issue Size (Amount)	up to ₹56.64 Cr	up to ₹47.35 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	48,00,000 shares	36,99,000 shares
Issue Size Total (Amount)	up to ₹56.64 Cr	up to ₹47.35 Cr

IPO Timetable

Oriana Power IPO opens on Aug 01, 2023, while Vinsys IT IPO opens on Aug 01, 2023. The closing date of Oriana Power IPO and Vinsys IT IPO is Aug 03, 2023, and Aug 04, 2023, respectively.

	Oriana Power IPO	Vinsys IT IPO
Anchor Bid Date	Jul 31, 2023	Jul 31, 2023
Issue Open	Aug 01, 2023	Aug 01, 2023
Issue Close	Aug 03, 2023	Aug 04, 2023
Basis Of Allotment (Tentative)	Aug 08, 2023	Aug 09, 2023
Initiation of Refunds (Tentative)	Aug 09, 2023	Aug 10, 2023
Credit of Share (Tentative)	Aug 10, 2023	Aug 11, 2023
Listing date (Tentative)	Aug 11, 2023	Aug 11, 2023
Anchor Lockin End date 1	Sep 07, 2023	Sep 08, 2023
Anchor Lockin End date 2	Nov 06, 2023	Nov 07, 2023

Financials & KPIs

Oriana Power IPO P/E ratio is 20.7, as compared to Vinsys IT IPO P/E ratio of 12.51.

Oriana Power IPO

Vinsys IT IPO

Financials

Oriana Power Limited Financial Information (Restated Standalone)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-21	2,964.83	3,376.98	282.38	771.29	464.29	75.23
31-Mar-22	5,572.69	10,146.86	695.53	1,775.82	1,159.82	769.07
31-Mar-23	7,799.99	13,395.37	1,268.52	3,621.84	2,950.84	1,489.19
Amount in ₹ Lakhs

Vinsys IT Services Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-21	2,739.97	2,041.04	34.78	773.51	673.51	1,427.08
31-Mar-22	3,493.16	3,202.69	-51.61	716.07	616.07	2,050.32
31-Mar-23	7,293.60	9,632.25	1,501.38	2,472.51	1,472.51	2,310.80
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

83.40

92.74

Promoter Shareholding (Post-Issue)

61.41

68.13

P/E Ratio

20.7

12.51

Market Cap

₹226.36 Cr.

₹187.88 Cr.

ROE

1.97

94.17%

ROCE

46%

51.46%

Debt/Equity

0.41

0.93

EPS

₹20.85

₹15.01

RoNW

35.36%

60.72%

Shares Offered

In the Oriana Power IPO Retail Individual Investors (RII) are offered 16,80,000 shares while in Vinsys IT IPO retail investors are offered 16,80,000 shares. Qualified Institutional Buyers (QIB) are offered 9,60,000 shares in Oriana Power IPO and 7,40,000 shares in Vinsys IT IPO.

	Oriana Power IPO	Vinsys IT IPO
Anchor Investor Reserveration	14,40,000 shares	11,08,000 shares
Market Maker Reserveration	2,55,600 shares	1,95,000 shares
QIB	9,60,000 shares	7,40,000 shares
NII	7,20,000 shares	5,56,000 shares
RII	16,80,000 shares	12,95,000 shares
Employee
Others
Total	48,00,000 shares	36,99,000 shares

Bids Received (Subscription)

Oriana Power IPO subscribed 176.58x in total, whereas Vinsys IT IPO subscribed 89.00x.

	Oriana Power IPO	Vinsys IT IPO
QIB (times)	72.16x	36.95x
NII (times)	251.74x	105.75x
Big NII (times)
Small NII (times)
RII (times)	204.04x	111.56x
Employee (times)
Other (times)
Total (times)	176.58x	89.00x

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