OBSC Perfection IPO vs Usha Financial Services IPO

Comparision between OBSC Perfection IPO and Usha Financial Services IPO.

IPO Details

OBSC Perfection IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Usha Financial Services IPO is a SME Book Built Issue proposed to list at NSE SME.

	OBSC Perfection IPO	Usha Financial Services IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Unistone Capital Pvt Ltd	Narnolia Financial Services Ltd Unistone Capital Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Skyline Financial Services Private Ltd
Market Maker	R.K.Stock Holding Private Limited	Ss Corporate Securities Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL

Issue Size and Price

The total issue size of OBSC Perfection IPO is up to ₹66.02 Cr whereas the issue size of the Usha Financial Services IPO is up to ₹98.45 Cr. The final issue price of OBSC Perfection IPO is and of Usha Financial Services IPO is .

	OBSC Perfection IPO	Usha Financial Services IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹95.00 per share	₹160.00 per share
Issue Price (Upper)	₹100.00 per share	₹168.00 per share
Issue Price (Final)
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	800 shares
Fresh Issue Size	66,02,400 shares	58,60,000 shares
Fresh Issue Size (Amount)	up to ₹66.02 Cr	up to ₹98.45 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	66,02,400 shares	58,60,000 shares
Issue Size Total (Amount)	up to ₹66.02 Cr	up to ₹98.45 Cr

IPO Timetable

OBSC Perfection IPO opens on Oct 22, 2024, while Usha Financial Services IPO opens on Oct 24, 2024. The closing date of OBSC Perfection IPO and Usha Financial Services IPO is Oct 24, 2024, and Oct 28, 2024, respectively.

	OBSC Perfection IPO	Usha Financial Services IPO
Anchor Bid Date	Oct 21, 2024	Oct 23, 2024
Issue Open	Oct 22, 2024	Oct 24, 2024
Issue Close	Oct 24, 2024	Oct 28, 2024
Basis Of Allotment (Tentative)	Oct 25, 2024	Oct 29, 2024
Initiation of Refunds (Tentative)	Oct 28, 2024	Oct 30, 2024
Credit of Share (Tentative)	Oct 28, 2024	Oct 30, 2024
Listing date (Tentative)	Oct 29, 2024	Oct 31, 2024
Anchor Lockin End date 1	Nov 24, 2024	Nov 28, 2024
Anchor Lockin End date 2	Jan 23, 2025	Jan 27, 2025

Financials

OBSC Perfection IPO P/E ratio is 14.62, as compared to Usha Financial Services IPO P/E ratio of 19.83.

OBSC Perfection IPO

Usha Financial Services IPO

Financial

OBSC Perfection Limited Financial Information (Restated)

OBSC Perfection Limited's revenue increased by 20% and profit after tax (PAT) rose by 167% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Aug 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	11,066.37	8,650.59	6,916.01	4,847.48
Revenue	5,700.15	11,611.41	9,691.03	5,672.42
Profit After Tax	603.05	1,221.21	457.39	360.11
Net Worth	3,610.15	3,007.1	1,785.89	1,328.47
Reserves and Surplus	1,825.15	1,222.1	595.89	138.47
Total Borrowing	4,967.82	4,147.25	3,340.48	1,897.54
Amount in ₹ Lakhs

Usha Financial Services Limited Financial Information (Restated)

Usha Financial Services Limited's revenue increased by 38% and profit after tax (PAT) rose by 32% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	30 Jun 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	35,133.66	33,585.81	37,222.64	16,428.07
Revenue	2,681.26	6,396.05	4,618.73	2,531.36
Profit After Tax	504.16	1,344.95	1,016.55	414.42
Net Worth	11,106.79	10,602.63	8,207.38	4,767.58
Reserves and Surplus	9,519.03	9,014.87	7,265.57	4,109.41
Total Borrowing	18,861.94	18,128.22	24,751.41	9,723.22
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100%

98.91%

Promoter Shareholding (Post-Issue)

72.24%

P/E Ratio

14.62

19.83

Market Cap

₹244.52 Cr.

₹365.19 Cr.

ROE

40.61%%

9.29%%

ROCE

31.49%%

12.02%%

Debt/Equity

1.38

1.7

EPS

₹6.84

₹8.47

RoNW

40.61%%

9.29%%

Shares Offered

In the OBSC Perfection IPO retail investors (RII) are offered while in Usha Financial Services IPO retail investors are offered . Qualified institutional buyers (QIB) are offered in OBSC Perfection IPO and in Usha Financial Services IPO.

	OBSC Perfection IPO	Usha Financial Services IPO
Anchor Investor Reserveration		16,60,800 shares
Market Maker Reserveration	3,33,600 shares	3,20,800 shares
QIB
NII
RII
Employee
Others
Total

Bids Received (Subscription)

OBSC Perfection IPO subscribed in total, whereas Usha Financial Services IPO subscribed .

	OBSC Perfection IPO	Usha Financial Services IPO
QIB (times)
NII (times)
Big NII (times)
Small NII (times)
RII (times)
Employee (times)
Other (times)
Total (times)

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OBSC Perfection IPO	Usha Financial Services IPO
United Heat Transfer IPO	OBSC Perfection IPO
Danish Power IPO	United Heat Transfer IPO
Premium Plast IPO	Danish Power IPO
Usha Financial Services IPO	Premium Plast IPO
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