Ishan International IPO vs Virtuoso Optoelectronics IPO

Comparision between Ishan International IPO and Virtuoso Optoelectronics IPO.

IPO Details

Ishan International IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Virtuoso Optoelectronics IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Ishan International IPO	Virtuoso Optoelectronics IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	First Overseas Capital Limited	Fedex Securities�Pvt Ltd
Registrar	Kfin Technologies Limited	Cameo Corporate Services Limited
Market Maker
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 Ishan International IPO is up to ₹18.24 Cr whereas the issue size of the Virtuoso Optoelectronics IPO is up to ₹30.24 Cr. The final issue price of Ishan International IPO is ₹80.00 per share and of Virtuoso Optoelectronics IPO is ₹56.00 per share.

	Ishan International IPO	Virtuoso Optoelectronics IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹80.00 per share	₹56.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	2000 shares
Fresh Issue Size	22,80,000 shares	54,00,000 shares
Fresh Issue Size (Amount)	up to ₹18.24 Cr	up to ₹30.24 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	22,80,000 shares	54,00,000 shares
Issue Size Total (Amount)	up to ₹18.24 Cr	up to ₹30.24 Cr

IPO Timetable

Ishan International IPO opens on Sep 09, 2022, while Virtuoso Optoelectronics IPO opens on Sep 02, 2022. The closing date of Ishan International IPO and Virtuoso Optoelectronics IPO is Sep 14, 2022, and Sep 07, 2022, respectively.

	Ishan International IPO	Virtuoso Optoelectronics IPO
Anchor Bid Date
Issue Open	Sep 09, 2022	Sep 02, 2022
Issue Close	Sep 14, 2022	Sep 07, 2022
Basis Of Allotment (Tentative)	Sep 19, 2022	Sep 12, 2022
Initiation of Refunds (Tentative)	Sep 20, 2022	Sep 13, 2022
Credit of Share (Tentative)	Sep 21, 2022	Sep 14, 2022
Listing date (Tentative)	Sep 22, 2022	Sep 15, 2022
Anchor Lockin End date 1	Oct 19, 2022	Oct 12, 2022
Anchor Lockin End date 2	Dec 18, 2022	Dec 11, 2022

Financials

Ishan International IPO P/E ratio is 38.09, as compared to Virtuoso Optoelectronics IPO P/E ratio of 6.92.

Ishan International IPO

Virtuoso Optoelectronics IPO

Financial

Ishan International Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-19	1530.53	2708.4	39.62	452.77	319.06
31-Mar-20	1704.15	2272.56	28.42	481.19	347.48
31-Mar-21	1452.52	2271.2	15.05	496.25	362.54
31-Mar-22	2168.87	2174.31	127.15	619.71	126.93
Amount in ₹ Lakhs

Virtuoso Optoelectronics Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	5719.08	6839.34	140.89	1123.99	957.57
31-Mar-21	7989.63	11551.3	208.33	1332.32	1165.9
31-Mar-22	12555.51	20028.2	394.01	2126.34	628.08
30-Jun-22	13350.85	7399.61	412.34	2538.68	1040.43
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.61%

100%

Promoter Shareholding (Post-Issue)

65.21%

73.51%

P/E Ratio

38.09

6.92

Market Cap

₹57.66 Cr.

₹114.14 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Ishan International IPO retail investors (RII) are offered 10,80,000 shares while in Virtuoso Optoelectronics IPO retail investors are offered 10,80,000 shares. Qualified institutional buyers (QIB) are offered in Ishan International IPO and in Virtuoso Optoelectronics IPO.

	Ishan International IPO	Virtuoso Optoelectronics IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,20,000 shares	2,80,000 shares
QIB
NII	10,80,000 shares	25,60,000 shares
RII	10,80,000 shares	25,60,000 shares
Employee
Others
Total	21,60,000 shares	51,20,000 shares

Bids Received (Subscription)

Ishan International IPO subscribed 1.62x in total, whereas Virtuoso Optoelectronics IPO subscribed 96.91x.

	Ishan International IPO	Virtuoso Optoelectronics IPO
QIB (times)
NII (times)	1.60x	112.87x
Big NII (times)
Small NII (times)
RII (times)	1.65x	80.95x
Employee (times)
Other (times)
Total (times)	1.62x	96.91x

Compare with others

Ishan International IPO	Virtuoso Optoelectronics IPO
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Mega Flex Plastics IPO	Ameya Engineers IPO
Viviana Power Tech IPO	Kore Mobile IPO
Virtuoso Optoelectronics IPO	Naturo Indiabull IPO

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