Exicom Tele-Systems IPO vs Vibhor Steel Tubes IPO

Comparision between Exicom Tele-Systems IPO and Vibhor Steel Tubes IPO.

IPO Details

Exicom Tele-Systems IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Vibhor Steel Tubes IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Exicom Tele-Systems IPO	Vibhor Steel Tubes IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Monarch Networth Capital Ltd Unistone Capital Pvt Ltd Systematix Corporate Services Limited	Khambatta Securities Limited
Registrar	Link Intime India Private Ltd	Kfin Technologies Limited
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Exicom Tele-Systems IPO is up to ₹429.00 Cr whereas the issue size of the Vibhor Steel Tubes IPO is up to ₹72.17 Cr. The final issue price of Exicom Tele-Systems IPO is ₹142.00 per share and of Vibhor Steel Tubes IPO is ₹151.00 per share.

	Exicom Tele-Systems IPO	Vibhor Steel Tubes IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹135.00 per share	₹141.00 per share
Issue Price (Upper)	₹142.00 per share	₹151.00 per share
Issue Price (Final)	₹142.00 per share	₹151.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	100 shares	99 shares
Fresh Issue Size	2,31,69,014 shares	47,79,444 shares
Fresh Issue Size (Amount)	up to ₹329.00 Cr	up to ₹72.17 Cr
OFS Issue Size	70,42,200 shares
OFS Issue Size (Amount)	up to ₹100.00 Cr
Issue Size Total	3,02,11,214 shares	47,79,444 shares
Issue Size Total (Amount)	up to ₹429.00 Cr	up to ₹72.17 Cr

IPO Timetable

Exicom Tele-Systems IPO opens on Feb 27, 2024, while Vibhor Steel Tubes IPO opens on Feb 13, 2024. The closing date of Exicom Tele-Systems IPO and Vibhor Steel Tubes IPO is Feb 29, 2024, and Feb 15, 2024, respectively.

	Exicom Tele-Systems IPO	Vibhor Steel Tubes IPO
Anchor Bid Date	Feb 26, 2024	Feb 12, 2024
Issue Open	Feb 27, 2024	Feb 13, 2024
Issue Close	Feb 29, 2024	Feb 15, 2024
Basis Of Allotment (Tentative)	Mar 01, 2024	Feb 16, 2024
Initiation of Refunds (Tentative)	Mar 04, 2024	Feb 19, 2024
Credit of Share (Tentative)	Mar 04, 2024	Feb 19, 2024
Listing date (Tentative)	Mar 05, 2024	Feb 20, 2024
Anchor Lockin End date 1	Mar 31, 2024	Mar 17, 2024
Anchor Lockin End date 2	May 30, 2024	May 16, 2024

Financials

Exicom Tele-Systems IPO P/E ratio is 217.63, as compared to Vibhor Steel Tubes IPO P/E ratio of 10.17.

Exicom Tele-Systems IPO

Vibhor Steel Tubes IPO

Financial

Exicom Tele-Systems Limited Financial Information (Restated Consolidated)

Exicom Tele-Systems Limited's revenue decreased by -14.79% and profit after tax (PAT) rose by 24.07% 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	629.41	705.09	602.99	678.46
Revenue	467.21	723.40	848.96	524.36
Profit After Tax	27.46	6.37	5.14	3.45
Net Worth	311.40	232.00	221.57	213.44
Reserves and Surplus	204.95	213.61	207.39	201.55
Total Borrowing	72.84	117.92	107.67	101.76
Amount in ₹ Crore

Vibhor Steel Tubes Limited Financial Information (Restated Consolidated)

Vibhor Steel Tubes Limited's revenue increased by 36.15% and profit after tax (PAT) rose by 85.91% 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	376.48	293.63	248.54	172.93
Revenue	531.24	1,114.38	818.48	511.51
Profit After Tax	8.52	21.07	11.33	0.69
Net Worth	101.76	93.20	71.97	60.49
Total Borrowing	160.27	126.83	106.07	58.74
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

93.28%

98.24%

Promoter Shareholding (Post-Issue)

P/E Ratio

217.63

10.17

Market Cap

₹1715.71 Cr.

₹286.33 Cr.

ROE

13.38%%

25.51%%

ROCE

10.92%%

16.48%%

Debt/Equity

1.63

EPS

₹0.65

₹14.85

RoNW

2.75%%

22.60%%

Shares Offered

In the Exicom Tele-Systems IPO retail investors (RII) are offered 30,21,100 shares while in Vibhor Steel Tubes IPO retail investors are offered 30,21,100 shares. Qualified institutional buyers (QIB) are offered 1,01,19,700 shares in Exicom Tele-Systems IPO and 9,50,064 shares in Vibhor Steel Tubes IPO.

	Exicom Tele-Systems IPO	Vibhor Steel Tubes IPO
Anchor Investor Reserveration	1,25,38,800 shares	14,24,907 shares
Market Maker Reserveration
QIB	1,01,19,700 shares	9,50,064 shares
NII	45,31,600 shares	7,12,491 shares
RII	30,21,100 shares	16,62,479 shares
Employee	0 shares	29,502 shares
Others
Total	1,76,72,400 shares	33,54,537 shares

Bids Received (Subscription)

Exicom Tele-Systems IPO subscribed 133.56x in total, whereas Vibhor Steel Tubes IPO subscribed 320.05x.

	Exicom Tele-Systems IPO	Vibhor Steel Tubes IPO
QIB (times)	124.82x	191.41x
NII (times)	159.29x	772.49x
Big NII (times)	163.96x	754.37x
Small NII (times)	149.95x	808.72x
RII (times)	124.27x	201.52x
Employee (times)		215.79x
Other (times)
Total (times)	133.56x	320.05x

Compare with others

Exicom Tele-Systems IPO	Vibhor Steel Tubes IPO
Bharat Highways InvIT	Krystal Integrated Services IPO
GPT Healthcare IPO	JG Chemicals IPO
Juniper Hotels IPO	Bharat Highways InvIT
Vibhor Steel Tubes IPO	GPT Healthcare IPO
Entero Healthcare Solutions IPO	Juniper Hotels IPO
Capital SFB IPO	Entero Healthcare Solutions IPO
Jana SFB IPO	Exicom Tele-Systems IPO
Platinum Industries IPO	Capital SFB IPO
Apeejay Surrendra Park IPO	Jana SFB IPO
Rashi Peripherals IPO	Platinum Industries IPO

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