GConnect Logitech IPO vs Vruddhi Engineering Works IPO

Comparision between GConnect Logitech IPO and Vruddhi Engineering Works IPO.

IPO Details

GConnect Logitech IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Vruddhi Engineering Works IPO is a SME Book Built Issue proposed to list at BSE SME.

	GConnect Logitech IPO	Vruddhi Engineering Works IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	BSE SME	BSE SME
Lead Managers	Fedex Securities�Pvt Ltd	Fedex Securities�Pvt Ltd
Registrar	Kfin Technologies Limited	Bigshare Services Pvt Ltd
Market Maker	Aftertrade Broking Pvt Ltd	Rikhav Securities Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of GConnect Logitech IPO is up to ₹5.60 Cr whereas the issue size of the Vruddhi Engineering Works IPO is up to ₹4.76 Cr. The final issue price of GConnect Logitech IPO is ₹40.00 per share and of Vruddhi Engineering Works IPO is ₹70.00 per share.

	GConnect Logitech IPO	Vruddhi Engineering Works IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹66.00 per share
Issue Price (Upper)		₹70.00 per share
Issue Price (Final)	₹40.00 per share	₹70.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	2000 shares
Fresh Issue Size	14,01,000 shares	6,80,000 shares
Fresh Issue Size (Amount)	up to ₹5.60 Cr	up to ₹4.76 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	14,01,000 shares	6,80,000 shares
Issue Size Total (Amount)	up to ₹5.60 Cr	up to ₹4.76 Cr

IPO Timetable

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

	GConnect Logitech IPO	Vruddhi Engineering Works IPO
Anchor Bid Date
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
Anchor Lockin End date 2

Financials

GConnect Logitech IPO P/E ratio is 1.5, as compared to Vruddhi Engineering Works IPO P/E ratio of 17.13.

GConnect Logitech IPO

Vruddhi Engineering Works IPO

Financial

GConnect Logitech and Supply Chain Limited Financial Information (Restated)

Period Ended	30 Sep 2023	31 Mar 2023
Assets	423.25	82.46
Revenue	212.57	101.03
Profit After Tax	22.83	10.86
Net Worth	398.15	77.51
Reserves and Surplus	166.29	60.10
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)

76.76%

96.34%

Promoter Shareholding (Post-Issue)

47.85%

P/E Ratio

1.5

17.13

Market Cap

₹14.88 Cr.

₹17.67 Cr.

ROE

5.73%%

16.20%%

ROCE

7.67%%

15.53%%

Debt/Equity

1.19

EPS

₹26.64

₹4.09

RoNW

5.73%%

16.20%%

Shares Offered

In the GConnect Logitech IPO retail investors (RII) are offered 6,63,000 shares while in Vruddhi Engineering Works IPO retail investors are offered 6,63,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in GConnect Logitech IPO and 3,20,000 shares in Vruddhi Engineering Works IPO.

	GConnect Logitech IPO	Vruddhi Engineering Works IPO
Anchor Investor Reserveration
Market Maker Reserveration	75,000 shares	36,000 shares
QIB	0 shares	3,20,000 shares
NII	6,63,000 shares	98,000 shares
RII	6,63,000 shares	2,26,000 shares
Employee	0 shares	0 shares
Others
Total	13,26,000 shares

Bids Received (Subscription)

GConnect Logitech IPO subscribed 57.38x in total, whereas Vruddhi Engineering Works IPO subscribed 12.67x.

	GConnect Logitech IPO	Vruddhi Engineering Works IPO
QIB (times)		1.05x
NII (times)	42.90x	28.14x
Big NII (times)
Small NII (times)
RII (times)	71.74x	20.10x
Employee (times)
Other (times)
Total (times)	57.38x	12.67x

Compare with others

GConnect Logitech IPO	Vruddhi Engineering Works IPO
Creative Graphics Solutions India IPO	GConnect Logitech IPO
K2 Infragen IPO	TAC Infosec IPO
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Jay Kailash Namkeen IPO	Aspire & Innovative IPO
Yash Optics & Lens IPO	Blue Pebble IPO
TAC Infosec IPO	Naman In-Store (India) IPO
Radiowalla IPO	Omfurn India FPO
Aspire & Innovative IPO	Vishwas Agri Seeds IPO
Blue Pebble IPO	Chatha Foods IPO
Vruddhi Engineering Works IPO	Enser Communications IPO

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