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Royal Sense IPO vs Vishwas Agri Seeds IPO

Comparison between Royal Sense IPO and Vishwas Agri Seeds IPO.

IPO Details

Royal Sense IPO is a SME Fixed Price IPO proposed to list at BSE SME while Vishwas Agri Seeds IPO is a SME Fixed Price proposed to list at NSE SME.

 Royal Sense IPOVishwas Agri Seeds IPO
LogoRoyal Sense IPO LogoVishwas Agri Seeds IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMENSE SME
Lead ManagersExpert Global Consultants Pvt.Ltd.ISK Advisors Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerRikhav Securities Ltd.Sunflower Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Royal Sense IPO is up to ₹8.77 Cr whereas the issue size of the Vishwas Agri Seeds IPO is up to ₹24.49 Cr. The final issue price of Royal Sense IPO is ₹68.00 per share and of Vishwas Agri Seeds IPO is ₹86.00 per share.

 Royal Sense IPOVishwas Agri Seeds IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹68.00 per share₹86.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares1600 shares
Fresh Issue Size12,90,000 shares28,48,000 shares
Fresh Issue Size (Amount)up to ₹8.77 Crup to ₹24.49 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total12,90,000 shares28,48,000 shares
Issue Size Total (Amount)up to ₹8.77 Crup to ₹24.49 Cr

IPO Timetable

Royal Sense IPO opens on Mar 12, 2024, while Vishwas Agri Seeds IPO opens on Mar 21, 2024. The closing date of Royal Sense IPO and Vishwas Agri Seeds IPO is Mar 14, 2024, and Mar 26, 2024, respectively.

 Royal Sense IPOVishwas Agri Seeds IPO
Anchor Bid Date
Issue OpenMar 12, 2024Mar 21, 2024
Issue CloseMar 14, 2024Mar 26, 2024
Basis Of Allotment (Tentative)Mar 15, 2024Mar 27, 2024
Initiation of Refunds (Tentative)Mar 18, 2024Mar 28, 2024
Credit of Share (Tentative)Mar 18, 2024Mar 28, 2024
Listing date (Tentative)Mar 19, 2024Apr 01, 2024
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Royal Sense IPO P/E ratio is 33.33, as compared to Vishwas Agri Seeds IPO P/E ratio of 5.06.

 Royal Sense IPOVishwas Agri Seeds IPO
Financials

Royal Sense Limited Financial Information (Restated)

Period Ended30 Sep 2023
Assets569.87
Total Income804.07
Profit After Tax70.28
Net Worth415.29
Reserves and Surplus70.28
Total Borrowing27.58
Amount in ₹ Lakhs

Vishwas Agri Seeds Limited Financial Information (Restated Standalone)

Vishwas Agri Seeds Limited's revenue increased by 0.72% and profit after tax (PAT) rose by 115.43% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets8,071.955,351.893,362.932,095.59
Total Income4,247.496,532.186,485.805,382.66
Profit After Tax451.01534.14247.94116.30
Net Worth1,883.901,432.89478.75200.81
Reserves and Surplus1,183.90732.89398.75150.81
Total Borrowing2,862.871,877.881,697.171,275.08
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)99.99100.00
Promoter Shareholding (Post-Issue)67.1570.00
P/E Ratio33.335.06
Market Cap₹33.32 Cr.₹86.00 Cr.
ROE17.00%27.20%
ROCE23.00%14.60%
Debt/Equity
EPS₹2.04₹16.98
RoNW17.00%23.94%

Shares Offered

In the Royal Sense IPO Retail Individual Investors (RII) are offered 6,46,000 shares while in Vishwas Agri Seeds IPO retail investors are offered 6,46,000 shares. Qualified Institutional Buyers (QIB) are offered in Royal Sense IPO and in Vishwas Agri Seeds IPO.

 Royal Sense IPOVishwas Agri Seeds IPO
Anchor Investor Reserveration
Market Maker Reserveration1,60,000 shares1,52,000 shares
QIB
NII6,44,000 shares14,24,000 shares
RII6,46,000 shares14,24,000 shares
Employee
Others
Total12,90,000 shares28,48,000 shares

Bids Received (Subscription)

Royal Sense IPO subscribed 8.52x in total, whereas Vishwas Agri Seeds IPO subscribed 12.21x.

 Royal Sense IPOVishwas Agri Seeds IPO
QIB (times)
NII (times)9.72x12.80x
Big NII (times)
Small NII (times)
RII (times)7.32x11.57x
Employee (times)
Other (times)
Total (times)8.52x12.21x