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P S Raj Steels IPO vs Voler Car IPO

Comparison between P S Raj Steels IPO and Voler Car IPO.

IPO Details

P S Raj Steels IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Voler Car IPO is a SME Bookbuilding proposed to list at NSE SME.

 P S Raj Steels IPOVoler Car IPO
LogoP S Raj Steels IPO LogoVoler Car IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersKhambatta Securities Ltd.GYR Capital Advisors Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Kfin Technologies Ltd.
Market MakerNikunj Stock Brokers Ltd.Wiinance Financial Services Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of P S Raj Steels IPO is up to ₹26.87 Cr whereas the issue size of the Voler Car IPO is up to ₹25.08 Cr. The final issue price of P S Raj Steels IPO is ₹140.00 per share and of Voler Car IPO is ₹90.00 per share.

 P S Raj Steels IPOVoler Car IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹132.00 per share₹85.00 per share
Issue Price (Upper)₹140.00 per share₹90.00 per share
Issue Price (Final)₹140.00 per share₹90.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)₹0.00 per share₹0.00 per share
Market Lot Size1000 shares1600 shares
Fresh Issue Size19,19,000 shares27,87,200 shares
Fresh Issue Size (Amount)up to ₹26.87 Crup to ₹25.08 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total19,19,000 shares27,87,200 shares
Issue Size Total (Amount)up to ₹26.87 Crup to ₹25.08 Cr

IPO Timetable

P S Raj Steels IPO opens on Feb 12, 2025, while Voler Car IPO opens on Feb 12, 2025. The closing date of P S Raj Steels IPO and Voler Car IPO is Feb 14, 2025, and Feb 14, 2025, respectively.

 P S Raj Steels IPOVoler Car IPO
Anchor Bid DateFeb 11, 2025Feb 11, 2025
Issue OpenFeb 12, 2025Feb 12, 2025
Issue CloseFeb 14, 2025Feb 14, 2025
Basis Of Allotment (Tentative)Feb 17, 2025Feb 17, 2025
Initiation of Refunds (Tentative)Feb 18, 2025Feb 18, 2025
Credit of Share (Tentative)Feb 18, 2025Feb 18, 2025
Listing date (Tentative)Feb 19, 2025Feb 19, 2025
Anchor Lockin End date 1Mar 19, 2025Mar 18, 2025
Anchor Lockin End date 2May 18, 2025May 17, 2025

Financials & KPIs

P S Raj Steels IPO P/E ratio is 12.14, as compared to Voler Car IPO P/E ratio of 20.57.

 P S Raj Steels IPOVoler Car IPO
Financials

PS Raj Steels Limited Financial Information (Restated)

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets55.3652.0774.1245.94
Total Income139.12297.76225.44179.89
Profit After Tax3.876.363.653.57
Net Worth34.4330.624.320.65
Reserves and Surplus28.9129.9923.6920.04
Total Borrowing17.2517.818.0217.09
Amount in ₹ Crore

Voler Car Limited Financial Information (Restated)

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets18.3310.9911.912.13
Total Income21.5831.4526.6324.83
Profit After Tax2.493.561.990.79
Net Worth10.933.21-0.35-2.34
Reserves and Surplus2.783.06-0.5-2.49
Total Borrowing0.391.193.85.55
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100.0092.88
Promoter Shareholding (Post-Issue)73.2067.86
P/E Ratio12.1420.57
Market Cap₹105.54 Cr.₹100.29 Cr.
ROE20.79%249.01%
ROCE20.64%123.06%
Debt/Equity0.580.37
EPS₹11.53₹4.38
RoNW20.79%110.91%

Shares Offered

In the P S Raj Steels IPO Retail Individual Investors (RII) are offered 6,65,000 shares while in Voler Car IPO retail investors are offered 6,65,000 shares. Qualified Institutional Buyers (QIB) are offered 3,80,000 shares in P S Raj Steels IPO and 5,56,800 shares in Voler Car IPO.

 P S Raj Steels IPOVoler Car IPO
Anchor Investor Reserveration5,69,000 shares8,33,600 shares
Market Maker Reserveration1,01,000 shares2,12,800 shares
QIB3,80,000 shares5,56,800 shares
NII2,85,000 shares4,19,200 shares
RII6,65,000 shares9,77,600 shares
Employee20,000 shares0 shares
Others
Total19,19,000 shares27,87,200 shares

Bids Received (Subscription)

P S Raj Steels IPO subscribed 9.82x in total, whereas Voler Car IPO subscribed 13.62x.

 P S Raj Steels IPOVoler Car IPO
QIB (times)1.21x9.34x
NII (times)21.39x18.56x
Big NII (times)
Small NII (times)
RII (times)10.04x13.94x
Employee (times)
Other (times)
Total (times)9.82x13.62x