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Newjaisa Technologies IPO vs Vishnusurya Projects IPO

Comparison between Newjaisa Technologies IPO and Vishnusurya Projects IPO.

IPO Details

Newjaisa Technologies IPO is a SME Fixed Price IPO proposed to list at NSE SME while Vishnusurya Projects IPO is a SME Fixed Price proposed to list at NSE SME.

 Newjaisa Technologies IPOVishnusurya Projects IPO
LogoNewjaisa Technologies IPO LogoVishnusurya Projects IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMENSE SME
Lead ManagersIndorient Financial Services Ltd.Khandwala Securities Ltd.
RegistrarBigshare Services Pvt.Ltd.Cameo Corporate Services Ltd.
Market MakerNikunj Stock Brokers Ltd.Nikunj Stock Brokers 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 Newjaisa Technologies IPO is up to ₹37.93 Cr whereas the issue size of the Vishnusurya Projects IPO is up to ₹47.46 Cr. The final issue price of Newjaisa Technologies IPO is ₹47.00 per share and of Vishnusurya Projects IPO is ₹68.00 per share.

 Newjaisa Technologies IPOVishnusurya Projects IPO
Face Value₹5 per share₹10 per share
Issue Price (Lower)₹44.00 per share
Issue Price (Upper)₹47.00 per share
Issue Price (Final)₹47.00 per share₹68.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size3000 shares2000 shares
Fresh Issue Size80,70,000 shares69,80,000 shares
Fresh Issue Size (Amount)up to ₹37.93 Crup to ₹47.46 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total80,70,000 shares69,80,000 shares
Issue Size Total (Amount)up to ₹37.93 Crup to ₹47.46 Cr

IPO Timetable

Newjaisa Technologies IPO opens on Sep 25, 2023, while Vishnusurya Projects IPO opens on Sep 29, 2023. The closing date of Newjaisa Technologies IPO and Vishnusurya Projects IPO is Sep 27, 2023, and Oct 05, 2023, respectively.

 Newjaisa Technologies IPOVishnusurya Projects IPO
Anchor Bid DateSep 22, 2023
Issue OpenSep 25, 2023Sep 29, 2023
Issue CloseSep 27, 2023Oct 05, 2023
Basis Of Allotment (Tentative)Oct 04, 2023Oct 09, 2023
Initiation of Refunds (Tentative)Oct 05, 2023Oct 10, 2023
Credit of Share (Tentative)Oct 06, 2023Oct 10, 2023
Listing date (Tentative)Oct 05, 2023Oct 10, 2023
Anchor Lockin End date 1Nov 03, 2023
Anchor Lockin End date 2Jan 02, 2024

Financials & KPIs

Newjaisa Technologies IPO P/E ratio is 15.51, as compared to Vishnusurya Projects IPO P/E ratio of 2.69.

 Newjaisa Technologies IPOVishnusurya Projects IPO
Financials
Newjaisa Technologies IPO Financial Information (Restated)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets337.99559.152,208.70
Total Income960.712,792.504,453.23
Profit After Tax73.36180.19675.57
Net Worth74.36254.55930.12
Reserves and Surplus73.36218.55894.12
Total Borrowing162.64181.82743.70
Amount in ₹ Lakhs
Vishnusurya Projects and Infra IPO Financial Information (Restated Consolidated)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets9,594.7211,849.3912,105.28
Total Income6,339.339,603.6213,326.06
Profit After Tax229.182,158.971,736.64
Net Worth3,573.724,155.885,952.39
Reserves and Surplus3,078.323,660.485,043.99
Total Borrowing1,472.323,489.493,625.24
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)94.2388.74
Promoter Shareholding (Post-Issue)62.24
P/E Ratio15.512.69
Market Cap₹151.26 Cr.₹167.35 Cr.
ROE72.63%27.86%
ROCE72.63%31.22%
Debt/Equity1.03
EPS₹3.03₹25.30
RoNW72.63%27.86%

Shares Offered

In the Newjaisa Technologies IPO Retail Individual Investors (RII) are offered 28,26,000 shares while in Vishnusurya Projects IPO retail investors are offered 28,26,000 shares. Qualified Institutional Buyers (QIB) are offered 16,14,000 shares in Newjaisa Technologies IPO and in Vishnusurya Projects IPO.

 Newjaisa Technologies IPOVishnusurya Projects IPO
Anchor Investor Reserveration24,18,000 shares
Market Maker Reserveration4,26,000 shares3,70,000 shares
QIB16,14,000 shares
NII12,12,000 shares34,90,000 shares
RII28,26,000 shares34,90,000 shares
Employee
Others
Total80,70,000 shares69,80,000 shares

Bids Received (Subscription)

Newjaisa Technologies IPO subscribed 6.85x in total, whereas Vishnusurya Projects IPO subscribed 44.11x.

 Newjaisa Technologies IPOVishnusurya Projects IPO
QIB (times)1.02x
NII (times)15.34x36.32x
Big NII (times)
Small NII (times)
RII (times)6.54x43.63x
Employee (times)
Other (times)
Total (times)6.85x44.11x