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.

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
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
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

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

Company Financials (Restated)

Period Ended30 Jun 202131 Mar 202131 Mar 202031 Mar 2019
Assets71.8463.7052.7655.05
Total Income30.53115.5794.28121.06
Profit After Tax3.323.880.761.33
EBITDA5.7410.105.677.61
NET Worth25.2221.8317.9517.21
Reserves and Surplus17.6219.1715.2914.55
Total Borrowing38.7636.0829.1133.93
Amount in ₹ Crore

Company Financials (Restated Standalone)

Period Ended30 Jun 202431 Mar 202131 Mar 202031 Mar 2019
Assets0.220.120.110.08
Total Income0.070.200.220.20
Profit After Tax-0.150.010.030.01
EBITDA-0.160.030.050.02
NET Worth0.190.110.100.07
Reserves and Surplus-0.130.060.050.06
Total Borrowing0.010.010.010.00
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)48.5%29.41%
Promoter Shareholding (Post-Issue)34.91%20.53%
P/E Ratio2.71
Market Cap₹36.02 Cr.₹6.66 Cr.

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
Market Maker Reservation1,48,000 shares7,200 shares
NII13,68,000 shares55,200 shares
RII13,68,000 shares55,200 shares
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
NII (times)9.45x1.65x
RII (times)17.47x2.86x
Total (times)13.46x2.25x

Compare with others

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AB Cotspin IPO Vs Wherrelz IT Solutions IPO