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Aditya Ultra Steel IPO vs Vision Infra Equipment IPO

Comparison between Aditya Ultra Steel IPO and Vision Infra Equipment IPO.

IPO Details

Aditya Ultra Steel IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Vision Infra Equipment IPO is a SME Bookbuilding proposed to list at NSE SME.

 Aditya Ultra Steel IPOVision Infra Equipment IPO
LogoAditya Ultra Steel IPO LogoVision Infra Equipment IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersSwastika Investmart Ltd.Hem Securities Ltd.
RegistrarCameo Corporate Services Ltd.MUFG Intime India Pvt.Ltd.
Market MakerSunflower Broking Pvt.Ltd.Hem Finlease Pvt.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 Aditya Ultra Steel IPO is up to ₹43.59 Cr whereas the issue size of the Vision Infra Equipment IPO is up to ₹100.73 Cr. The final issue price of Aditya Ultra Steel IPO is ₹62.00 per share and of Vision Infra Equipment IPO is ₹163.00 per share.

 Aditya Ultra Steel IPOVision Infra Equipment IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹59.00 per share₹155.00 per share
Issue Price (Upper)₹62.00 per share₹163.00 per share
Issue Price (Final)₹62.00 per share₹163.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares800 shares
Fresh Issue Size70,30,000 shares61,80,000 shares
Fresh Issue Size (Amount)up to ₹43.59 Crup to ₹100.73 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total70,30,000 shares61,80,000 shares
Issue Size Total (Amount)up to ₹43.59 Crup to ₹100.73 Cr

IPO Timetable

Aditya Ultra Steel IPO opens on Sep 09, 2024, while Vision Infra Equipment IPO opens on Sep 06, 2024. The closing date of Aditya Ultra Steel IPO and Vision Infra Equipment IPO is Sep 11, 2024, and Sep 10, 2024, respectively.

 Aditya Ultra Steel IPOVision Infra Equipment IPO
Anchor Bid DateSep 05, 2024
Issue OpenSep 09, 2024Sep 06, 2024
Issue CloseSep 11, 2024Sep 10, 2024
Basis Of Allotment (Tentative)Sep 12, 2024Sep 11, 2024
Initiation of Refunds (Tentative)Sep 13, 2024Sep 12, 2024
Credit of Share (Tentative)Sep 13, 2024Sep 12, 2024
Listing date (Tentative)Sep 16, 2024Sep 13, 2024
Anchor Lockin End date 1Oct 11, 2024
Anchor Lockin End date 2Dec 10, 2024

Financials & KPIs

Aditya Ultra Steel IPO P/E ratio is 13.64, as compared to Vision Infra Equipment IPO P/E ratio of 30.69.

 Aditya Ultra Steel IPOVision Infra Equipment IPO
Financials

Aditya Ultra Steel Limited Financial Information (Restated)

Aditya Ultra Steel Limited's revenue increased by 11% and profit after tax (PAT) rose by 185% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets14,752.339,734.659,156.62
Total Income58,856.2953,048.9151,598.34
Profit After Tax792.34277.66488.9
Net Worth3,758.212,865.862,588.2
Reserves and Surplus3,128.62,739.812,462.15
Total Borrowing5,427.074,984.144,695.12
Amount in ₹ Lakhs

Vision Infra Equipment Solutions Limited Financial Information (Restated Consolidated)

Period Ended31 Mar 2024
Assets36,134
Total Income34,965.58
Profit After Tax2,668.89
Net Worth2,346.31
Reserves and Surplus616.31
Total Borrowing26,427.66
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)97.9495.44
Promoter Shareholding (Post-Issue)68.7670.20
P/E Ratio13.6430.69
Market Cap₹153.98 Cr.₹388.20 Cr.
ROE23.92%130.95%
ROCE18.75%28.29%
Debt/Equity1.4411.26
EPS₹4.54₹5.31
RoNW21.08%113.75%

Shares Offered

In the Aditya Ultra Steel IPO Retail Individual Investors (RII) are offered 24,62,000 shares while in Vision Infra Equipment IPO retail investors are offered 24,62,000 shares. Qualified Institutional Buyers (QIB) are offered 35,12,000 shares in Aditya Ultra Steel IPO and 12,36,000 shares in Vision Infra Equipment IPO.

 Aditya Ultra Steel IPOVision Infra Equipment IPO
Anchor Investor Reserveration18,53,600 shares
Market Maker Reserveration3,70,000 shares3,36,000 shares
QIB35,12,000 shares12,36,000 shares
NII10,56,000 shares9,27,200 shares
RII24,62,000 shares21,63,200 shares
Employee
Others
Total70,30,000 shares61,80,000 shares

Bids Received (Subscription)

Aditya Ultra Steel IPO subscribed 10.58x in total, whereas Vision Infra Equipment IPO subscribed 68.14x.

 Aditya Ultra Steel IPOVision Infra Equipment IPO
QIB (times)1.21x60.94x
NII (times)12.16x180.39x
Big NII (times)
Small NII (times)
RII (times)23.26x24.14x
Employee (times)
Other (times)
Total (times)10.58x68.14x