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Chatha Foods IPO vs Vruddhi Engineering Works IPO

Comparison between Chatha Foods IPO and Vruddhi Engineering Works IPO.

IPO Details

Chatha Foods IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Vruddhi Engineering Works IPO is a SME Bookbuilding proposed to list at BSE SME.

 Chatha Foods IPOVruddhi Engineering Works IPO
LogoChatha Foods IPO LogoVruddhi Engineering Works IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtBSE SMEBSE SME
Lead ManagersIndorient Financial Services Ltd.Fedex Securities Pvt.Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerAlacrity Securities Ltd.Rikhav Securities 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 Chatha Foods IPO is up to ₹31.71 Cr whereas the issue size of the Vruddhi Engineering Works IPO is up to ₹4.51 Cr. The final issue price of Chatha Foods IPO is ₹56.00 per share and of Vruddhi Engineering Works IPO is ₹70.00 per share.

 Chatha Foods IPOVruddhi Engineering Works IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹53.00 per share₹66.00 per share
Issue Price (Upper)₹56.00 per share₹70.00 per share
Issue Price (Final)₹56.00 per share₹70.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares2000 shares
Fresh Issue Size56,62,000 shares6,44,000 shares
Fresh Issue Size (Amount)up to ₹31.71 Crup to ₹4.51 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total56,62,000 shares6,44,000 shares
Issue Size Total (Amount)up to ₹31.71 Crup to ₹4.51 Cr

IPO Timetable

Chatha Foods IPO opens on Mar 19, 2024, while Vruddhi Engineering Works IPO opens on Mar 26, 2024. The closing date of Chatha Foods IPO and Vruddhi Engineering Works IPO is Mar 21, 2024, and Mar 28, 2024, respectively.

 Chatha Foods IPOVruddhi Engineering Works IPO
Anchor Bid DateMar 18, 2024
Issue OpenMar 19, 2024Mar 26, 2024
Issue CloseMar 21, 2024Mar 28, 2024
Basis Of Allotment (Tentative)Mar 26, 2024Apr 01, 2024
Initiation of Refunds (Tentative)Mar 27, 2024Apr 02, 2024
Credit of Share (Tentative)Mar 27, 2024Apr 02, 2024
Listing date (Tentative)Mar 27, 2024Apr 03, 2024
Anchor Lockin End date 1Apr 25, 2024
Anchor Lockin End date 2Jun 24, 2024

Financials & KPIs

Chatha Foods IPO P/E ratio is 37.76, as compared to Vruddhi Engineering Works IPO P/E ratio of 17.13.

 Chatha Foods IPOVruddhi Engineering Works IPO
Financials

Chatha Foods Limited Financial Information (Restated)

Chatha Foods Limited's revenue increased by 34.14% and profit after tax (PAT) rose by 264.66% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets5,827.625,141.944,830.314,330.28
Total Income7,078.0311,724.238,740.316,119.03
Profit After Tax341.04245.2067.24-400.35
Net Worth2,516.152,175.121,929.931,862.68
Reserves and Surplus862.66935.00689.81622.56
Total Borrowing987.961,060.191,101.331,065.03
Amount in ₹ Lakhs

Vruddhi Engineering Works Limited Financial Information (Restated)

Vruddhi Engineering Works Limited's revenue increased by 493.53% and profit after tax (PAT) rose by 697.99% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets808.58782.33100.143.02
Total Income935.361,309.62220.650.44
Profit After Tax41.0175.339.44-0.88
Net Worth253.13212.129.560.12
Reserves and Surplus68.77118.558.56-0.88
Total Borrowing301.91323.3747.492.22
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)81.3696.34
Promoter Shareholding (Post-Issue)
P/E Ratio37.7617.13
Market Cap₹125.98 Cr.₹17.67 Cr.
ROE14.54%16.20%
ROCE14.81%15.53%
Debt/Equity0.391.19
EPS₹1.48₹4.09
RoNW14.54%16.20%

Shares Offered

In the Chatha Foods IPO Retail Individual Investors (RII) are offered 19,82,000 shares while in Vruddhi Engineering Works IPO retail investors are offered 19,82,000 shares. Qualified Institutional Buyers (QIB) are offered 11,32,000 shares in Chatha Foods IPO and 3,20,000 shares in Vruddhi Engineering Works IPO.

 Chatha Foods IPOVruddhi Engineering Works IPO
Anchor Investor Reserveration16,98,000 shares
Market Maker Reserveration3,00,000 shares36,000 shares
QIB11,32,000 shares3,20,000 shares
NII8,50,000 shares98,000 shares
RII19,82,000 shares2,26,000 shares
Employee
Others
Total56,62,000 shares6,44,000 shares

Bids Received (Subscription)

Chatha Foods IPO subscribed 19.28x in total, whereas Vruddhi Engineering Works IPO subscribed 12.67x.

 Chatha Foods IPOVruddhi Engineering Works IPO
QIB (times)8.54x1.05x
NII (times)44.52x28.14x
Big NII (times)
Small NII (times)
RII (times)14.60x20.10x
Employee (times)
Other (times)
Total (times)19.28x12.67x