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Sheetal Universal IPO vs Vrundavan Plantation IPO

Comparison between Sheetal Universal IPO and Vrundavan Plantation IPO.

IPO Details

Sheetal Universal IPO is a SME Fixed Price IPO proposed to list at NSE SME while Vrundavan Plantation IPO is a SME Fixed Price proposed to list at BSE SME.

 Sheetal Universal IPOVrundavan Plantation IPO
LogoSheetal Universal IPO LogoVrundavan Plantation IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersBeeline Capital Advisors Pvt.Ltd.Interactive Financial Services Ltd.
RegistrarBigshare Services Pvt.Ltd.Kfin Technologies Ltd.
Market MakerSpread X Securities Pvt.Ltd.Nikunj Stock Brokers Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Sheetal Universal IPO is up to ₹22.60 Cr whereas the issue size of the Vrundavan Plantation IPO is up to ₹14.52 Cr. The final issue price of Sheetal Universal IPO is ₹70.00 per share and of Vrundavan Plantation IPO is ₹108.00 per share.

 Sheetal Universal IPOVrundavan Plantation IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹70.00 per share₹108.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares1200 shares
Fresh Issue Size32,28,000 shares13,44,000 shares
Fresh Issue Size (Amount)up to ₹22.60 Crup to ₹14.52 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total32,28,000 shares13,44,000 shares
Issue Size Total (Amount)up to ₹22.60 Crup to ₹14.52 Cr

IPO Timetable

Sheetal Universal IPO opens on Dec 04, 2023, while Vrundavan Plantation IPO opens on Oct 30, 2023. The closing date of Sheetal Universal IPO and Vrundavan Plantation IPO is Dec 06, 2023, and Nov 01, 2023, respectively.

 Sheetal Universal IPOVrundavan Plantation IPO
Anchor Bid Date
Issue OpenDec 04, 2023Oct 30, 2023
Issue CloseDec 06, 2023Nov 01, 2023
Basis Of Allotment (Tentative)Dec 07, 2023Nov 05, 2023
Initiation of Refunds (Tentative)Dec 08, 2023Nov 06, 2023
Credit of Share (Tentative)Dec 08, 2023Nov 06, 2023
Listing date (Tentative)Dec 11, 2023Nov 06, 2023
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Sheetal Universal IPO P/E ratio is 27.34, as compared to Vrundavan Plantation IPO P/E ratio of 34.62.

 Sheetal Universal IPOVrundavan Plantation IPO
Financials

Sheetal Universal Limited Financial Information (Restated Consolidated)

Sheetal Universal Limited's revenue increased by 230.49% and profit after tax (PAT) rose by 602.4% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Aug 202331 Mar 202331 Mar 202231 Mar 2021
Assets4,370.032,804.021,602.821,272.15
Total Income5,826.9313,165.683,983.673,883.53
Profit After Tax187.67198.8528.3125.41
Net Worth1,046.89649.22450.37422.07
Reserves and Surplus241.29299.22100.3772.07
Total Borrowing1,463.221,356.24984.80625.07
Amount in ₹ Lakhs

Vrundavan Plantation Limited Financial Information (Restated)

Period Ended31 May 2023
Assets2,321.67
Total Income180.68
Profit After Tax17.33
Net Worth413.82
Reserves and Surplus22.15
Total Borrowing17.47
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)9585.29
Promoter Shareholding (Post-Issue)66.8162.65
P/E Ratio27.3434.62
Market Cap₹80.19 Cr.₹57.59 Cr.
ROE36.17%8.35%
ROCE21.59%6.71%
Debt/Equity2.090.47
EPS₹2.56₹0.52
RoNW30.63%4.19%

Shares Offered

In the Sheetal Universal IPO Retail Individual Investors (RII) are offered 16,14,000 shares while in Vrundavan Plantation IPO retail investors are offered 16,14,000 shares. Qualified Institutional Buyers (QIB) are offered in Sheetal Universal IPO and in Vrundavan Plantation IPO.

 Sheetal Universal IPOVrundavan Plantation IPO
Anchor Investor Reserveration
Market Maker Reserveration1,72,000 shares72,000 shares
QIB
NII16,14,000 shares6,72,000 shares
RII16,14,000 shares6,72,000 shares
Employee
Others
Total32,28,000 shares13,44,000 shares

Bids Received (Subscription)

Sheetal Universal IPO subscribed 179.20x in total, whereas Vrundavan Plantation IPO subscribed 18.57x.

 Sheetal Universal IPOVrundavan Plantation IPO
QIB (times)
NII (times)212.55x11.60x
Big NII (times)
Small NII (times)
RII (times)129.73x25.51x
Employee (times)
Other (times)
Total (times)179.20x18.57x