Aspire & Innovative IPO vs Vruddhi Engineering Works IPO

Comparision between Aspire & Innovative IPO and Vruddhi Engineering Works IPO.

IPO Details

Aspire & Innovative IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Vruddhi Engineering Works IPO is a SME Book Built Issue proposed to list at BSE SME.

	Aspire & Innovative IPO	Vruddhi Engineering Works IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	BSE SME
Lead Managers	Hem Securities Limited	Fedex Securities�Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Hem Finlease Private Limited	Rikhav Securities Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Aspire & Innovative IPO is up to ₹21.97 Cr whereas the issue size of the Vruddhi Engineering Works IPO is up to ₹4.76 Cr. The final issue price of Aspire & Innovative IPO is ₹54.00 per share and of Vruddhi Engineering Works IPO is ₹70.00 per share.

	Aspire & Innovative IPO	Vruddhi Engineering Works IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹51.00 per share	₹66.00 per share
Issue Price (Upper)	₹54.00 per share	₹70.00 per share
Issue Price (Final)	₹54.00 per share	₹70.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	2000 shares
Fresh Issue Size	40,68,000 shares	6,80,000 shares
Fresh Issue Size (Amount)	up to ₹21.97 Cr	up to ₹4.76 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	40,68,000 shares	6,80,000 shares
Issue Size Total (Amount)	up to ₹21.97 Cr	up to ₹4.76 Cr

IPO Timetable

Aspire & Innovative IPO opens on Mar 26, 2024, while Vruddhi Engineering Works IPO opens on Mar 26, 2024. The closing date of Aspire & Innovative IPO and Vruddhi Engineering Works IPO is Mar 28, 2024, and Mar 28, 2024, respectively.

	Aspire & Innovative IPO	Vruddhi Engineering Works IPO
Anchor Bid Date	Mar 22, 2024
Issue Open	Mar 26, 2024	Mar 26, 2024
Issue Close	Mar 28, 2024	Mar 28, 2024
Basis Of Allotment (Tentative)	Apr 01, 2024	Apr 01, 2024
Initiation of Refunds (Tentative)	Apr 02, 2024	Apr 02, 2024
Credit of Share (Tentative)	Apr 02, 2024	Apr 02, 2024
Listing date (Tentative)	Apr 03, 2024	Apr 03, 2024
Anchor Lockin End date 1	May 01, 2024
Anchor Lockin End date 2	Jun 30, 2024

Financials

Aspire & Innovative IPO P/E ratio is 11.3, as compared to Vruddhi Engineering Works IPO P/E ratio of 17.13.

Aspire & Innovative IPO

Vruddhi Engineering Works IPO

Financial

Aspire & Innovative Advertising Limited Financial Information (Restated Standalone)

Aspire & Innovative Advertising Limited's revenue increased by 35.46% and profit after tax (PAT) rose by 21.38% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	8,135.72	6,256.99	5,328.01	3,492.07
Revenue	17,710.29	34,620.10	25,558.30	10,833.44
Profit After Tax	393.28	530.85	437.36	227.75
Net Worth	1,944.53	1,551.25	1,020.39	520.98
Reserves and Surplus	833.53	1,440.15	909.29	519.98
Total Borrowing	1,160.89	881.53	111.02	55.91
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 Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	808.58	782.33	100.14	3.02
Revenue	935.36	1,309.62	220.65	0.44
Profit After Tax	41.01	75.33	9.44	-0.88
Net Worth	253.13	212.12	9.56	0.12
Reserves and Surplus	68.77	118.55	8.56	-0.88
Total Borrowing	301.91	323.37	47.49	2.22
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

98.84%

96.34%

Promoter Shareholding (Post-Issue)

72.35%

P/E Ratio

11.3

17.13

Market Cap

₹81.96 Cr.

₹17.67 Cr.

ROE

22.50%%

16.20%%

ROCE

18.59%%

15.53%%

Debt/Equity

0.6

1.19

EPS

₹4.78

₹4.09

RoNW

20.22%%

16.20%%

Shares Offered

In the Aspire & Innovative IPO retail investors (RII) are offered 13,54,000 shares while in Vruddhi Engineering Works IPO retail investors are offered 13,54,000 shares. Qualified institutional buyers (QIB) are offered 7,74,000 shares in Aspire & Innovative IPO and 3,20,000 shares in Vruddhi Engineering Works IPO.

	Aspire & Innovative IPO	Vruddhi Engineering Works IPO
Anchor Investor Reserveration	11,56,000 shares
Market Maker Reserveration	2,04,000 shares	36,000 shares
QIB	7,74,000 shares	3,20,000 shares
NII	5,80,000 shares	98,000 shares
RII	13,54,000 shares	2,26,000 shares
Employee	0 shares	0 shares
Others
Total	27,08,000 shares

Bids Received (Subscription)

Aspire & Innovative IPO subscribed 15.17x in total, whereas Vruddhi Engineering Works IPO subscribed 12.67x.

	Aspire & Innovative IPO	Vruddhi Engineering Works IPO
QIB (times)	5.21x	1.05x
NII (times)	25.60x	28.14x
Big NII (times)
Small NII (times)
RII (times)	16.39x	20.10x
Employee (times)
Other (times)
Total (times)	15.17x	12.67x

Compare with others

Aspire & Innovative IPO	Vruddhi Engineering Works IPO
Jay Kailash Namkeen IPO	GConnect Logitech IPO
Yash Optics & Lens IPO	TAC Infosec IPO
GConnect Logitech IPO	Radiowalla IPO
TAC Infosec IPO	Aspire & Innovative IPO
Radiowalla IPO	Blue Pebble IPO
Blue Pebble IPO	Naman In-Store (India) IPO
Vruddhi Engineering Works IPO	Omfurn India FPO
Naman In-Store (India) IPO	Vishwas Agri Seeds IPO
Omfurn India FPO	Chatha Foods IPO
Vishwas Agri Seeds IPO	Enser Communications IPO

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