Kore Mobile IPO vs Veekayem Fashion and Apparels IPO

Comparision between Kore Mobile IPO and Veekayem Fashion and Apparels IPO.

IPO Details

Kore Mobile IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Veekayem Fashion and Apparels IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Kore Mobile IPO	Veekayem Fashion and Apparels IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	Beeline Capital Advisors Pvt Ltd	GYR Capital Advisors Private Limited
Registrar	Link Intime India Private Ltd	Kfin Technologies 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 Kore Mobile IPO is up to ₹10.80 Cr whereas the issue size of the Veekayem Fashion and Apparels IPO is up to ₹4.44 Cr. The final issue price of Kore Mobile IPO is ₹36.00 per share and of Veekayem Fashion and Apparels IPO is ₹28.00 per share.

	Kore Mobile IPO	Veekayem Fashion and Apparels IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹36.00 per share	₹28.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	4000 shares
Fresh Issue Size	30,00,000 shares	15,84,000 shares
Fresh Issue Size (Amount)	up to ₹10.80 Cr	up to ₹4.44 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	30,00,000 shares	15,84,000 shares
Issue Size Total (Amount)	up to ₹10.80 Cr	up to ₹4.44 Cr

IPO Timetable

Kore Mobile IPO opens on Aug 26, 2022, while Veekayem Fashion and Apparels IPO opens on Aug 05, 2022. The closing date of Kore Mobile IPO and Veekayem Fashion and Apparels IPO is Aug 30, 2022, and Aug 11, 2022, respectively.

	Kore Mobile IPO	Veekayem Fashion and Apparels IPO
Anchor Bid Date
Issue Open	Aug 26, 2022	Aug 05, 2022
Issue Close	Aug 30, 2022	Aug 11, 2022
Basis Of Allotment (Tentative)	Sep 05, 2022	Aug 17, 2022
Initiation of Refunds (Tentative)	Sep 06, 2022	Aug 18, 2022
Credit of Share (Tentative)	Sep 07, 2022	Aug 19, 2022
Listing date (Tentative)	Sep 08, 2022	Aug 22, 2022
Anchor Lockin End date 1	Oct 05, 2022	Sep 16, 2022
Anchor Lockin End date 2	Dec 04, 2022	Nov 15, 2022

Financials

Kore Mobile IPO P/E ratio is 46, as compared to Veekayem Fashion and Apparels IPO P/E ratio of 8.72.

Kore Mobile IPO

Veekayem Fashion and Apparels IPO

Financial

Jay Jalaram Technologies Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-19	1704.75	9577.07	-6.34	23.71	2.71
31-Mar-20	2487.19	9523.41	2.56	26.27	5.27
31-Mar-21	2839.35	12225.3	29.35	55.62	34.62
31-Mar-22	3590.48	16555.85	87.17	1067.79	796.79
Amount in ₹ Lakhs

Veekayem Fashion and Apparels Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-19	11789.3	20317.36	228.31	2973.17	2331.38
31-Mar-20	12090.4	21571.46	109.1	2869.65	2440.48
31-Mar-21	12351.95	7670.06	35.25	2904.9	2475.73
31-Mar-22	13267.19	14947.02	188.54	3095.28	2666.11
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100%

54.31%

Promoter Shareholding (Post-Issue)

73.04%

39.67%

P/E Ratio

8.72

Market Cap

₹40.07 Cr.

₹16.45 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Kore Mobile IPO retail investors (RII) are offered 14,25,000 shares while in Veekayem Fashion and Apparels IPO retail investors are offered 14,25,000 shares. Qualified institutional buyers (QIB) are offered in Kore Mobile IPO and in Veekayem Fashion and Apparels IPO.

	Kore Mobile IPO	Veekayem Fashion and Apparels IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,50,000 shares	80,000 shares
QIB
NII	14,25,000 shares	7,52,000 shares
RII	14,25,000 shares	7,52,000 shares
Employee
Others
Total	28,50,000 shares	15,04,000 shares

Bids Received (Subscription)

Kore Mobile IPO subscribed 14.97x in total, whereas Veekayem Fashion and Apparels IPO subscribed 301.47x.

	Kore Mobile IPO	Veekayem Fashion and Apparels IPO
QIB (times)
NII (times)	18.56x	355.85x
Big NII (times)
Small NII (times)
RII (times)	11.38x	247.09x
Employee (times)
Other (times)
Total (times)	14.97x	301.47x

Compare with others

Kore Mobile IPO	Veekayem Fashion and Apparels IPO
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Veekayem Fashion and Apparels IPO	B Right Realestate IPO

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