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AB Cotspin IPO vs Wherrelz IT Solutions IPO

Comparison between AB Cotspin IPO and Wherrelz IT Solutions IPO.

IPO Details

AB Cotspin IPO is a SME Fixed Price IPO proposed to list at NSE SME while Wherrelz IT Solutions IPO is a SME Fixed Price proposed to list at BSE SME.

 AB Cotspin IPOWherrelz IT Solutions IPO
LogoAB Cotspin IPO LogoWherrelz IT Solutions IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersPantomath Capital Advisors Pvt.Ltd.Fedex Securities Pvt.Ltd.
RegistrarMUFG Intime India Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerPentagon Stock Brokers Pvt.Ltd.Gretex Share Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of AB Cotspin IPO is up to ₹9.58 Cr whereas the issue size of the Wherrelz IT Solutions IPO is up to ₹1.89 Cr. The final issue price of AB Cotspin IPO is ₹35.00 per share and of Wherrelz IT Solutions IPO is ₹171.00 per share.

 AB Cotspin IPOWherrelz IT Solutions IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹33.00 per share
Issue Price (Upper)₹35.00 per share
Issue Price (Final)₹35.00 per share₹171.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size4000 shares800 shares
Fresh Issue Size27,36,000 shares1,10,400 shares
Fresh Issue Size (Amount)up to ₹9.58 Crup to ₹1.89 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total27,36,000 shares1,10,400 shares
Issue Size Total (Amount)up to ₹9.58 Crup to ₹1.89 Cr

IPO Timetable

AB Cotspin IPO opens on Dec 30, 2021, while Wherrelz IT Solutions IPO opens on Dec 16, 2021. The closing date of AB Cotspin IPO and Wherrelz IT Solutions IPO is Jan 03, 2022, and Dec 21, 2021, respectively.

 AB Cotspin IPOWherrelz IT Solutions IPO
Anchor Bid Date
Issue OpenDec 30, 2021Dec 16, 2021
Issue CloseJan 03, 2022Dec 21, 2021
Basis Of Allotment (Tentative)Jan 06, 2022Dec 24, 2021
Initiation of Refunds (Tentative)Jan 07, 2022Dec 27, 2021
Credit of Share (Tentative)Jan 10, 2022Dec 28, 2021
Listing date (Tentative)Jan 11, 2022Dec 29, 2021
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

AB Cotspin IPO P/E ratio is 2.71, as compared to Wherrelz IT Solutions IPO P/E ratio of .

 AB Cotspin IPOWherrelz IT Solutions IPO
Financials
Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Millions)
  30-Jun-21 31-Mar-21 31-Mar-20
Total Assets 718.42 636.96 527.61
Total Revenue 305.34 1,155.67 942.81
Profit After Tax 33.22 38.78 7.57
Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Lakhs)
30-Jun-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 18.65 9.01 8.12 7.81
Total Revenue 7.43 20.47 22.12 20.13
Profit After Tax - 15.38 1.44 3.16 1.24
Promoter Shareholding (Pre-Issue)48.5029.41
Promoter Shareholding (Post-Issue)34.9120.53
P/E Ratio2.71
Market Cap₹36.02 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the AB Cotspin IPO Retail Individual Investors (RII) are offered 13,68,000 shares while in Wherrelz IT Solutions IPO retail investors are offered 13,68,000 shares. Qualified Institutional Buyers (QIB) are offered in AB Cotspin IPO and in Wherrelz IT Solutions IPO.

 AB Cotspin IPOWherrelz IT Solutions IPO
Anchor Investor Reserveration
Market Maker Reserveration1,48,000 shares7,200 shares
QIB
NII13,68,000 shares55,200 shares
RII13,68,000 shares55,200 shares
Employee
Others
Total27,36,000 shares1,10,400 shares

Bids Received (Subscription)

AB Cotspin IPO subscribed 13.46x in total, whereas Wherrelz IT Solutions IPO subscribed 2.25x.

 AB Cotspin IPOWherrelz IT Solutions IPO
QIB (times)
NII (times)9.45x1.65x
Big NII (times)
Small NII (times)
RII (times)17.47x2.86x
Employee (times)
Other (times)
Total (times)13.46x2.25x