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.

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.

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

Company Financials (Restated Consolidated)

Period Ended31 Aug 202331 Mar 202331 Mar 202231 Mar 2021
Assets43.7028.0416.0312.72
Total Income58.27131.6639.8438.84
Profit After Tax1.881.990.280.25
NET Worth10.476.494.504.22
Reserves and Surplus2.412.991.000.72
Total Borrowing14.6313.569.856.25
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 May 2023
Assets23.22
Total Income1.81
Profit After Tax0.17
NET Worth4.14
Reserves and Surplus0.22
Total Borrowing0.17
Amount in ₹ Crore
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 Reservation
Market Maker Reservation1,72,000 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.

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Sheetal Universal IPO Vs Vrundavan Plantation IPO