Greenhitech Ventures IPO vs Varyaa Creations IPO

Comparision between Greenhitech Ventures IPO and Varyaa Creations IPO.

IPO Details

Greenhitech Ventures IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Varyaa Creations IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Greenhitech Ventures IPO	Varyaa Creations IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	BSE SME
Lead Managers	Beeline Capital Advisors Pvt Ltd	Inventure Merchant Banker Services Pvt Ltd
Registrar	Skyline Financial Services Private Ltd	Bigshare Services Pvt Ltd
Market Maker	Spread X Securities Private Limited	Svcm Securities Private 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 Greenhitech Ventures IPO is up to ₹6.30 Cr whereas the issue size of the Varyaa Creations IPO is up to ₹20.10 Cr. The final issue price of Greenhitech Ventures IPO is ₹50.00 per share and of Varyaa Creations IPO is ₹150.00 per share.

	Greenhitech Ventures IPO	Varyaa Creations IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹50.00 per share	₹150.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	1000 shares
Fresh Issue Size	12,60,000 shares	13,40,000 shares
Fresh Issue Size (Amount)	up to ₹6.30 Cr	up to ₹20.10 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	12,60,000 shares	13,40,000 shares
Issue Size Total (Amount)	up to ₹6.30 Cr	up to ₹20.10 Cr

IPO Timetable

Greenhitech Ventures IPO opens on Apr 12, 2024, while Varyaa Creations IPO opens on Apr 22, 2024. The closing date of Greenhitech Ventures IPO and Varyaa Creations IPO is Apr 16, 2024, and Apr 25, 2024, respectively.

	Greenhitech Ventures IPO	Varyaa Creations IPO
Anchor Bid Date
Issue Open	Apr 12, 2024	Apr 22, 2024
Issue Close	Apr 16, 2024	Apr 25, 2024
Basis Of Allotment (Tentative)	Apr 18, 2024	Apr 26, 2024
Initiation of Refunds (Tentative)	Apr 19, 2024	Apr 29, 2024
Credit of Share (Tentative)	Apr 19, 2024	Apr 29, 2024
Listing date (Tentative)	Apr 22, 2024	Apr 30, 2024
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials

Greenhitech Ventures IPO P/E ratio is 30.05, as compared to Varyaa Creations IPO P/E ratio of 65.56.

Greenhitech Ventures IPO

Varyaa Creations IPO

Financial

Greenhitech Ventures Limited Financial Information (Restated)

Period Ended	31 Jan 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	2,677.75	2,708.06	3,188.77	2,378.58
Revenue	335.67	2,504.35	6,611.58	4,007.69
Profit After Tax	35.64	57.23	135.14	24.39
Net Worth	456.64	315.45	322.45	140.99
Reserves and Surplus	112.64
Total Borrowing	431.71	347.07	150.14	114.60
Amount in ₹ Lakhs

Varyaa Creations Limited Financial Information (Restated)

Varyaa Creations Limited's revenue increased by 112.55% and profit after tax (PAT) rose by 36.13% 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	1,049.17	2,000.55	143.78	218.32
Revenue	1,762.49	538.03	253.13	12.05
Profit After Tax	351.11	78.93	57.98	-13.06
Net Worth	410.56	59.45	-19.47	-77.46
Reserves and Surplus	65.56	44.45	-34.47	-92.46
Total Borrowing			44.81	283.82
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

Promoter Shareholding (Post-Issue)

73.19%

72.02%

P/E Ratio

30.05

65.56

Market Cap

₹23.50 Cr.

₹71.85 Cr.

ROE

8.17%%

85.52%%

ROCE

17.19%%

114.57%%

Debt/Equity

0.95

EPS

₹1.66

₹2.29

RoNW

7.80%%

85.52%%

Shares Offered

In the Greenhitech Ventures IPO retail investors (RII) are offered 5,97,000 shares while in Varyaa Creations IPO retail investors are offered 5,97,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Greenhitech Ventures IPO and 0 shares in Varyaa Creations IPO.

	Greenhitech Ventures IPO	Varyaa Creations IPO
Anchor Investor Reserveration
Market Maker Reserveration	66,000 shares	70,000 shares
QIB	0 shares	0 shares
NII	5,97,000 shares	6,35,000 shares
RII	5,97,000 shares	6,35,000 shares
Employee	0 shares	0 shares
Others
Total	11,94,000 shares	12,70,000 shares

Bids Received (Subscription)

Greenhitech Ventures IPO subscribed 769.95x in total, whereas Varyaa Creations IPO subscribed 3.59x.

	Greenhitech Ventures IPO	Varyaa Creations IPO
QIB (times)
NII (times)	921.60x	1.08x
Big NII (times)
Small NII (times)
RII (times)	597.41x	6.09x
Employee (times)
Other (times)
Total (times)	769.95x	3.59x

Compare with others

Greenhitech Ventures IPO	Varyaa Creations IPO
Shivam Chemicals IPO	Amkay Products IPO
Varyaa Creations IPO	Storage Technologies Racks and Rollers IPO
Faalcon Concepts IPO	Mandeep Auto Industries IPO
Emmforce Autotech IPO	ABS Marine Services IPO
Birdy's IPO	Shivam Chemicals IPO
Finelistings Technologies IPO	Faalcon Concepts IPO
Ramdevbaba Solvent IPO	Emmforce Autotech IPO
Teerth Gopicon IPO	Birdy's IPO
DCG Cables & Wires IPO	Greenhitech Ventures IPO
Creative Graphics Solutions India IPO	Finelistings Technologies IPO

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