Vinyas Innovative Technologies IPO vs Vishnusurya Projects IPO

Comparison between Vinyas Innovative Technologies IPO and Vishnusurya Projects IPO.

IPO Details

Vinyas Innovative 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.

	Vinyas Innovative Technologies IPO	Vishnusurya Projects IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Fixed Price
Listing At	NSE SME	NSE SME
Lead Managers	Sarthi Capital Advisors Pvt.Ltd.	Khandwala Securities Ltd.
Registrar	Skyline Financial Services Pvt.Ltd.	Cameo Corporate Services Ltd.
Market Maker	Gretex Share Broking Pvt.Ltd.	Nikunj Stock Brokers Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Vinyas Innovative Technologies IPO is up to ₹51.92 Cr whereas the issue size of the Vishnusurya Projects IPO is up to ₹47.46 Cr. The final issue price of Vinyas Innovative Technologies IPO is ₹165.00 per share and of Vishnusurya Projects IPO is ₹68.00 per share.

	Vinyas Innovative Technologies IPO	Vishnusurya Projects IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹162.00 per share
Issue Price (Upper)	₹165.00 per share
Issue Price (Final)	₹165.00 per share	₹68.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	800 shares	2000 shares
Fresh Issue Size	31,46,400 shares	69,80,000 shares
Fresh Issue Size (Amount)	up to ₹51.92 Cr	up to ₹47.46 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	31,46,400 shares	69,80,000 shares
Issue Size Total (Amount)	up to ₹51.92 Cr	up to ₹47.46 Cr

IPO Timetable

Vinyas Innovative Technologies IPO opens on Sep 27, 2023, while Vishnusurya Projects IPO opens on Sep 29, 2023. The closing date of Vinyas Innovative Technologies IPO and Vishnusurya Projects IPO is Oct 03, 2023, and Oct 05, 2023, respectively.

	Vinyas Innovative Technologies IPO	Vishnusurya Projects IPO
Anchor Bid Date	Sep 26, 2023
Issue Open	Sep 27, 2023	Sep 29, 2023
Issue Close	Oct 03, 2023	Oct 05, 2023
Basis Of Allotment (Tentative)	Oct 04, 2023	Oct 09, 2023
Initiation of Refunds (Tentative)	Oct 05, 2023	Oct 10, 2023
Credit of Share (Tentative)	Oct 05, 2023	Oct 10, 2023
Listing date (Tentative)	Oct 06, 2023	Oct 10, 2023
Anchor Lockin End date 1	Nov 03, 2023
Anchor Lockin End date 2	Jan 02, 2024

Financials & KPIs

Vinyas Innovative Technologies IPO P/E ratio is 8.4, as compared to Vishnusurya Projects IPO P/E ratio of 2.69.

Vinyas Innovative Technologies IPO

Vishnusurya Projects IPO

Financials

Vinyas Innovative Technologies IPO Financial Information (Restated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	18,458.95	22,149.04	21,598.64
Total Income	20,780.50	21,216.30	23,885.41
Profit After Tax	123.15	100.88	734.34
Net Worth	3,069.38	3,144.74	4,522.99
Reserves and Surplus	2,695.17	2,770.54	4,178.79
Total Borrowing	9,365.89	9,542.58	8,571.01

Amount in ₹ Lakhs

Vishnusurya Projects and Infra IPO Financial Information (Restated Consolidated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	9,594.72	11,849.39	12,105.28
Total Income	6,339.33	9,603.62	13,326.06
Profit After Tax	229.18	2,158.97	1,736.64
Net Worth	3,573.72	4,155.88	5,952.39
Reserves and Surplus	3,078.32	3,660.48	5,043.99
Total Borrowing	1,472.32	3,489.49	3,625.24

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

39.87

88.74

Promoter Shareholding (Post-Issue)

29.37

62.24

P/E Ratio

8.4

2.69

Market Cap

₹207.65 Cr.

₹167.35 Cr.

ROE

16.13%

27.86%

ROCE

35.20%

31.22%

Debt/Equity

1.88

1.03

EPS

₹19.62

₹25.30

RoNW

16.13%

27.86%

Shares Offered

In the Vinyas Innovative Technologies IPO Retail Individual Investors (RII) are offered 11,01,600 shares while in Vishnusurya Projects IPO retail investors are offered 11,01,600 shares. Qualified Institutional Buyers (QIB) are offered 6,29,600 shares in Vinyas Innovative Technologies IPO and in Vishnusurya Projects IPO.

	Vinyas Innovative Technologies IPO	Vishnusurya Projects IPO
Anchor Investor Reserveration	9,43,200 shares
Market Maker Reserveration	1,66,400 shares	3,70,000 shares
QIB	6,29,600 shares
NII	4,72,000 shares	34,90,000 shares
RII	11,01,600 shares	34,90,000 shares
Employee
Others
Total	31,46,400 shares	69,80,000 shares

Bids Received (Subscription)

Vinyas Innovative Technologies IPO subscribed 43.24x in total, whereas Vishnusurya Projects IPO subscribed 44.11x.

	Vinyas Innovative Technologies IPO	Vishnusurya Projects IPO
QIB (times)	42.74x
NII (times)	95.16x	36.32x
Big NII (times)
Small NII (times)
RII (times)	21.27x	43.63x
Employee (times)
Other (times)
Total (times)	43.24x	44.11x

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