Bright Outdoor Media IPO vs Vertexplus Technologies IPO

Comparision between Bright Outdoor Media IPO and Vertexplus Technologies IPO.

IPO Details

Bright Outdoor Media IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Vertexplus Technologies IPO is a SME Book Built Issue proposed to list at NSE SME.

	Bright Outdoor Media IPO	Vertexplus Technologies IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	BSE SME	NSE SME
Lead Managers	Shreni Shares Limited	Beeline Capital Advisors Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Skyline Financial Services Private Ltd
Market Maker	Shreni Shares Limited	Prabhat Financial Services Ltd.
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 Bright Outdoor Media IPO is up to ₹55.48 Cr whereas the issue size of the Vertexplus Technologies IPO is up to ₹14.20 Cr. The final issue price of Bright Outdoor Media IPO is ₹146.00 per share and of Vertexplus Technologies IPO is ₹96.00 per share.

	Bright Outdoor Media IPO	Vertexplus Technologies IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹91.00 per share
Issue Price (Upper)		₹96.00 per share
Issue Price (Final)	₹146.00 per share	₹96.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1000 shares	1200 shares
Fresh Issue Size	38,00,000 shares	14,79,600 shares
Fresh Issue Size (Amount)	up to ₹55.48 Cr	up to ₹14.20 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	38,00,000 shares	14,79,600 shares
Issue Size Total (Amount)	up to ₹55.48 Cr	up to ₹14.20 Cr

IPO Timetable

Bright Outdoor Media IPO opens on Mar 14, 2023, while Vertexplus Technologies IPO opens on Mar 02, 2023. The closing date of Bright Outdoor Media IPO and Vertexplus Technologies IPO is Mar 17, 2023, and Mar 06, 2023, respectively.

	Bright Outdoor Media IPO	Vertexplus Technologies IPO
Anchor Bid Date		Mar 01, 2023
Issue Open	Mar 14, 2023	Mar 02, 2023
Issue Close	Mar 17, 2023	Mar 06, 2023
Basis Of Allotment (Tentative)	Mar 22, 2023	Mar 10, 2023
Initiation of Refunds (Tentative)	Mar 23, 2023	Mar 13, 2023
Credit of Share (Tentative)	Mar 24, 2023	Mar 14, 2023
Listing date (Tentative)	Mar 24, 2023	Mar 15, 2023
Anchor Lockin End date 1	Apr 21, 2023	Apr 09, 2023
Anchor Lockin End date 2	Jun 20, 2023	Jun 08, 2023

Financials

Bright Outdoor Media IPO P/E ratio is 24.21, as compared to Vertexplus Technologies IPO P/E ratio of 28.83.

Bright Outdoor Media IPO

Vertexplus Technologies IPO

Financial

Bright Outdoor Media Limited Financial Information (Restated Standalone)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	10,135.25	7,151.29	171.24	3,349.77	5,185.79
31-Mar-21	9,702.12	2,494.88	108.22	3,435.19	4,819.56
31-Mar-22	9,450.58	5,089.71	259.20	3,679.47	4,082.90
30-Sep-22	9,273.53	4,518.46	419.69	4,091.65	2,997.04
Amount in ₹ Lakhs

Vertexplus Technologies Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	989.70	1,963.92	61.23	380.37	379.37	209.55
31-Mar-21	1,103.71	2,025.61	104.98	487.15	486.15	227.40
31-Mar-22	1,308.76	2,132.04	186.05	673.11	273.11	279.15
30-Sep-22	1,599.17	1,091.71	91.26	807.62	407.62	360.61
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.99%

100.00%

Promoter Shareholding (Post-Issue)

72.72%

P/E Ratio

24.21

28.83

Market Cap

₹203.36 Cr.

₹52.60 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Bright Outdoor Media IPO retail investors (RII) are offered 18,03,000 shares while in Vertexplus Technologies IPO retail investors are offered 18,03,000 shares. Qualified institutional buyers (QIB) are offered in Bright Outdoor Media IPO and 2,86,800 shares in Vertexplus Technologies IPO.

	Bright Outdoor Media IPO	Vertexplus Technologies IPO
Anchor Investor Reserveration		4,15,200 shares
Market Maker Reserveration	1,94,000 shares	74,400 shares
QIB		2,86,800 shares
NII	18,03,000 shares	2,11,200 shares
RII	18,03,000 shares	4,92,000 shares
Employee
Others
Total	36,06,000 shares	14,05,200 shares

Bids Received (Subscription)

Bright Outdoor Media IPO subscribed 1.27x in total, whereas Vertexplus Technologies IPO subscribed 11.01x.

	Bright Outdoor Media IPO	Vertexplus Technologies IPO
QIB (times)		1.43x
NII (times)	1.39x	35.15x
Big NII (times)
Small NII (times)
RII (times)	1.15x	15.53x
Employee (times)
Other (times)
Total (times)	1.27x	11.01x

Compare with others

Bright Outdoor Media IPO	Vertexplus Technologies IPO
Command Polymers IPO	VELS Film International IPO
Dev Labtech Venture IPO	Bright Outdoor Media IPO
Nirman Agri Genetics IPO	Prospect Commodities IPO
Labelkraft Technologies IPO	Quality Foils (India) IPO
VELS Film International IPO	Sudarshan Pharma Industries IPO
Prospect Commodities IPO	MCON Rasayan IPO
Quality Foils (India) IPO	Systango Technologies IPO
Sudarshan Pharma Industries IPO	Amanaya Ventures IPO
Vertexplus Technologies IPO	ResGen IPO
MCON Rasayan IPO	Srivasavi Adhesive Tapes IPO

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