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Rajgor Castor Derivatives IPO vs Vishnusurya Projects IPO

Comparison between Rajgor Castor Derivatives IPO and Vishnusurya Projects IPO.

IPO Details

Rajgor Castor Derivatives 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.

 Rajgor Castor Derivatives IPOVishnusurya Projects IPO
LogoRajgor Castor Derivatives IPO LogoVishnusurya Projects IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMENSE SME
Lead ManagersBeeline Capital Advisors Pvt.Ltd.Khandwala Securities Ltd.
RegistrarMUFG Intime India Pvt.Ltd.Cameo Corporate Services Ltd.
Market MakerSpread X Securities Pvt.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 Rajgor Castor Derivatives IPO is up to ₹45.30 Cr whereas the issue size of the Vishnusurya Projects IPO is up to ₹47.46 Cr. The final issue price of Rajgor Castor Derivatives IPO is ₹50.00 per share and of Vishnusurya Projects IPO is ₹68.00 per share.

 Rajgor Castor Derivatives IPOVishnusurya Projects IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹47.00 per share
Issue Price (Upper)₹50.00 per share
Issue Price (Final)₹50.00 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 Size83,94,000 shares69,80,000 shares
Fresh Issue Size (Amount)up to ₹41.97 Crup to ₹47.46 Cr
OFS Issue Size6,66,000 shares0 shares
OFS Issue Size (Amount)up to ₹3.33 Crup to ₹0.00 Cr
Issue Size Total90,60,000 shares69,80,000 shares
Issue Size Total (Amount)up to ₹45.30 Crup to ₹47.46 Cr

IPO Timetable

Rajgor Castor Derivatives IPO opens on Oct 17, 2023, while Vishnusurya Projects IPO opens on Sep 29, 2023. The closing date of Rajgor Castor Derivatives IPO and Vishnusurya Projects IPO is Oct 20, 2023, and Oct 05, 2023, respectively.

 Rajgor Castor Derivatives IPOVishnusurya Projects IPO
Anchor Bid DateOct 16, 2023
Issue OpenOct 17, 2023Sep 29, 2023
Issue CloseOct 20, 2023Oct 05, 2023
Basis Of Allotment (Tentative)Oct 26, 2023Oct 09, 2023
Initiation of Refunds (Tentative)Oct 27, 2023Oct 10, 2023
Credit of Share (Tentative)Oct 30, 2023Oct 10, 2023
Listing date (Tentative)Oct 31, 2023Oct 10, 2023
Anchor Lockin End date 1Nov 25, 2023
Anchor Lockin End date 2Jan 24, 2024

Financials & KPIs

Rajgor Castor Derivatives IPO P/E ratio is 1.66, as compared to Vishnusurya Projects IPO P/E ratio of 2.69.

 Rajgor Castor Derivatives IPOVishnusurya Projects IPO
Financials

Rajgor Castor Derivatives Limited Financial Information (Restated)

Rajgor Castor Derivatives Limited's revenue increased by 948.26% and profit after tax (PAT) rose by 962.41% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 202131 Mar 2020
Assets9,847.957,782.643,753.422,578.482,645.34
Total Income11,276.1042,887.354,091.301,100.691,497.33
Profit After Tax192.57554.4752.19-180.18-97.02
Net Worth2,558.242,365.55201.90149.71
Reserves and Surplus2,343.542,150.97190.12137.93318.12
Total Borrowing5,178.964,450.931,809.512,286.28
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)10088.74
Promoter Shareholding (Post-Issue)62.24
P/E Ratio1.662.69
Market Cap₹119.58 Cr.₹167.35 Cr.
ROE43.19%27.86%
ROCE22.97%31.22%
Debt/Equity1.881.03
EPS₹30.06₹25.30
RoNW23.44%27.86%

Shares Offered

In the Rajgor Castor Derivatives IPO Retail Individual Investors (RII) are offered 31,74,000 shares while in Vishnusurya Projects IPO retail investors are offered 31,74,000 shares. Qualified Institutional Buyers (QIB) are offered 18,12,000 shares in Rajgor Castor Derivatives IPO and in Vishnusurya Projects IPO.

 Rajgor Castor Derivatives IPOVishnusurya Projects IPO
Anchor Investor Reserveration27,12,000 shares
Market Maker Reserveration5,01,000 shares3,70,000 shares
QIB18,12,000 shares
NII13,62,000 shares34,90,000 shares
RII31,74,000 shares34,90,000 shares
Employee
Others
Total90,60,000 shares69,80,000 shares

Bids Received (Subscription)

Rajgor Castor Derivatives IPO subscribed 107.43x in total, whereas Vishnusurya Projects IPO subscribed 44.11x.

 Rajgor Castor Derivatives IPOVishnusurya Projects IPO
QIB (times)35.52x
NII (times)260.01x36.32x
Big NII (times)
Small NII (times)
RII (times)80.70x43.63x
Employee (times)
Other (times)
Total (times)107.43x44.11x