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Vinsys IT IPO vs Zeal Global Services IPO

Comparison between Vinsys IT IPO and Zeal Global Services IPO.

IPO Details

Vinsys IT IPO is a SME Fixed Price IPO proposed to list at NSE SME while Zeal Global Services IPO is a SME Fixed Price proposed to list at NSE SME.

 Vinsys IT IPOZeal Global Services IPO
LogoVinsys IT IPO LogoZeal Global Services IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMENSE SME
Lead ManagersBeeline Capital Advisors Pvt.Ltd.Expert Global Consultants Pvt.Ltd.
RegistrarMUFG Intime India Pvt.Ltd.Skyline Financial Services Pvt.Ltd.
Market MakerSunflower Broking Pvt.Ltd.Rikhav Securities Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Vinsys IT IPO is up to ₹47.35 Cr whereas the issue size of the Zeal Global Services IPO is up to ₹34.63 Cr. The final issue price of Vinsys IT IPO is ₹128.00 per share and of Zeal Global Services IPO is ₹103.00 per share.

 Vinsys IT IPOZeal Global Services IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹121.00 per share
Issue Price (Upper)₹128.00 per share
Issue Price (Final)₹128.00 per share₹103.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1000 shares1200 shares
Fresh Issue Size36,99,000 shares33,62,400 shares
Fresh Issue Size (Amount)up to ₹47.35 Crup to ₹34.63 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total36,99,000 shares33,62,400 shares
Issue Size Total (Amount)up to ₹47.35 Crup to ₹34.63 Cr

IPO Timetable

Vinsys IT IPO opens on Aug 01, 2023, while Zeal Global Services IPO opens on Jul 28, 2023. The closing date of Vinsys IT IPO and Zeal Global Services IPO is Aug 04, 2023, and Aug 01, 2023, respectively.

 Vinsys IT IPOZeal Global Services IPO
Anchor Bid DateJul 31, 2023
Issue OpenAug 01, 2023Jul 28, 2023
Issue CloseAug 04, 2023Aug 01, 2023
Basis Of Allotment (Tentative)Aug 09, 2023Aug 04, 2023
Initiation of Refunds (Tentative)Aug 10, 2023Aug 07, 2023
Credit of Share (Tentative)Aug 11, 2023Aug 08, 2023
Listing date (Tentative)Aug 11, 2023Aug 09, 2023
Anchor Lockin End date 1Sep 08, 2023
Anchor Lockin End date 2Nov 07, 2023

Financials & KPIs

Vinsys IT IPO P/E ratio is 12.51, as compared to Zeal Global Services IPO P/E ratio of 13.83.

 Vinsys IT IPOZeal Global Services IPO
Financials
Vinsys IT Services Limited Financial Information (Restated Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-212,739.972,041.0434.78773.51673.511,427.08
31-Mar-223,493.163,202.69-51.61716.07616.072,050.32
31-Mar-237,293.609,632.251,501.382,472.511,472.512,310.80
Amount in ₹ Lakhs
Zeal Global Services Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-202,203.037,671.09133.60435.76375.76258.00
31-Mar-211,893.076,094.93169.61603.09543.09171.41
31-Mar-223,194.8212,127.77524.301,277.221,081.82194.32
31-Jan-234,969.269,505.38826.652,115.611,920.211,243.92
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)92.74100.00
Promoter Shareholding (Post-Issue)68.1373.40
P/E Ratio12.5113.83
Market Cap₹187.88 Cr.₹137.09 Cr.
ROE94.17%39.07%
ROCE51.46%0.56
Debt/Equity0.930.59
EPS₹15.01₹8.46
RoNW60.72%48.73%

Shares Offered

In the Vinsys IT IPO Retail Individual Investors (RII) are offered 12,95,000 shares while in Zeal Global Services IPO retail investors are offered 12,95,000 shares. Qualified Institutional Buyers (QIB) are offered 7,40,000 shares in Vinsys IT IPO and in Zeal Global Services IPO.

 Vinsys IT IPOZeal Global Services IPO
Anchor Investor Reserveration11,08,000 shares
Market Maker Reserveration1,95,000 shares1,77,600 shares
QIB7,40,000 shares
NII5,56,000 shares16,80,000 shares
RII12,95,000 shares16,82,400 shares
Employee
Others
Total36,99,000 shares33,62,400 shares

Bids Received (Subscription)

Vinsys IT IPO subscribed 89.00x in total, whereas Zeal Global Services IPO subscribed 4.06x.

 Vinsys IT IPOZeal Global Services IPO
QIB (times)36.95x
NII (times)105.75x4.26x
Big NII (times)
Small NII (times)
RII (times)111.56x3.85x
Employee (times)
Other (times)
Total (times)89.00x4.06x