Orient Technologies IPO vs Vraj Iron and Steel IPO

Comparision between Orient Technologies IPO and Vraj Iron and Steel IPO.

IPO Details

Orient Technologies IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Vraj Iron and Steel IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Orient Technologies IPO	Vraj Iron and Steel IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Elara Capital (India) Private Limited	Aryaman Financial Services Limited
Registrar	Link Intime India Private Ltd	Bigshare Services Pvt Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Orient Technologies IPO is up to ₹214.76 Cr whereas the issue size of the Vraj Iron and Steel IPO is up to ₹171.00 Cr. The final issue price of Orient Technologies IPO is ₹206.00 per share and of Vraj Iron and Steel IPO is ₹207.00 per share.

	Orient Technologies IPO	Vraj Iron and Steel IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹195.00 per share	₹195.00 per share
Issue Price (Upper)	₹206.00 per share	₹207.00 per share
Issue Price (Final)	₹206.00 per share	₹207.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	72 shares	72 shares
Fresh Issue Size	58,25,243 shares	82,60,870 shares
Fresh Issue Size (Amount)	up to ₹120.00 Cr	up to ₹171.00 Cr
OFS Issue Size	46,00,000 shares
OFS Issue Size (Amount)	up to ₹94.76 Cr
Issue Size Total	1,04,25,243 shares	82,60,870 shares
Issue Size Total (Amount)	up to ₹214.76 Cr	up to ₹171.00 Cr

IPO Timetable

Orient Technologies IPO opens on Aug 21, 2024, while Vraj Iron and Steel IPO opens on Jun 26, 2024. The closing date of Orient Technologies IPO and Vraj Iron and Steel IPO is Aug 23, 2024, and Jun 28, 2024, respectively.

	Orient Technologies IPO	Vraj Iron and Steel IPO
Anchor Bid Date	Aug 19, 2024	Jun 25, 2024
Issue Open	Aug 21, 2024	Jun 26, 2024
Issue Close	Aug 23, 2024	Jun 28, 2024
Basis Of Allotment (Tentative)	Aug 26, 2024	Jul 01, 2024
Initiation of Refunds (Tentative)	Aug 27, 2024	Jul 02, 2024
Credit of Share (Tentative)	Aug 27, 2024	Jul 02, 2024
Listing date (Tentative)	Aug 28, 2024	Jul 03, 2024
Anchor Lockin End date 1	Sep 24, 2024	Jul 31, 2024
Anchor Lockin End date 2	Nov 23, 2024	Sep 29, 2024

Financials

Orient Technologies IPO P/E ratio is 17.8, as compared to Vraj Iron and Steel IPO P/E ratio of 9.48.

Orient Technologies IPO

Vraj Iron and Steel IPO

Financial

Orient Technologies Limited Financial Information (Restated)

Orient Technologies Limited's revenue increased by 12% and profit after tax (PAT) rose by 8% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	311.14	215.25	176.32	112.45
Revenue	606.86	542.01	469.12	248.96
Profit After Tax	41.45	38.3	33.49	0.13
Net Worth	175.31	128.82	94.11	61.29
Reserves and Surplus	138.79	111.32	76.61	44.79
Total Borrowing	4.82	12.86	2.28	9.22
Amount in ₹ Crore

Vraj Iron and Steel Limited Financial Information (Restated Consolidated)

Vraj Iron and Steel Limited's revenue increased by 24.87% and profit after tax (PAT) rose by 88.12% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	253.05	191.54	150.77	126.33
Revenue	304.81	517.42	414.38	290.93
Profit After Tax	44.58	54.00	28.70	10.99
Net Worth	187.50	140.92	87.14	57.79
Reserves and Surplus	162.78	135.97	82.19	52.85
Total Borrowing	49.30	22.98	42.51	45.78
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

97.96%

99.99%

Promoter Shareholding (Post-Issue)

73.21%

P/E Ratio

17.8

9.48

Market Cap

₹857.82 Cr.

₹682.74 Cr.

ROE

27.26%

23.78%%

ROCE

28.42%

25.34%%

Debt/Equity

0.27

EPS

₹11.57

₹21.84

RoNW

23.64%

23.78%%

Shares Offered

In the Orient Technologies IPO retail investors (RII) are offered 36,48,835 shares while in Vraj Iron and Steel IPO retail investors are offered 36,48,835 shares. Qualified institutional buyers (QIB) are offered 20,85,049 shares in Orient Technologies IPO and 16,52,174 shares in Vraj Iron and Steel IPO.

	Orient Technologies IPO	Vraj Iron and Steel IPO
Anchor Investor Reserveration	31,27,522 shares	24,78,259 shares
Market Maker Reserveration
QIB	20,85,049 shares	16,52,174 shares
NII	15,63,786 shares	12,39,130 shares
RII	36,48,835 shares	28,91,305 shares
Employee	0 shares	0 shares
Others
Total	72,97,670 shares	57,82,609 shares

Bids Received (Subscription)

Orient Technologies IPO subscribed 154.84x in total, whereas Vraj Iron and Steel IPO subscribed 126.36x.

	Orient Technologies IPO	Vraj Iron and Steel IPO
QIB (times)	188.79x	173.99x
NII (times)	310.03x	221.66x
Big NII (times)	343.45x	217.50x
Small NII (times)	243.20x	229.99x
RII (times)	68.93x	58.31x
Employee (times)
Other (times)
Total (times)	154.84x	126.36x

Compare with others

Orient Technologies IPO	Vraj Iron and Steel IPO
Baazar Style Retail IPO	Akums Drugs and Pharmaceuticals IPO
Bajaj Housing Finance IPO	Sanstar IPO
ECO Mobility IPO	Bansal Wire IPO
Premier Energies IPO	Emcure Pharma IPO
Interarch Building Products IPO	OLA Electric IPO
Unicommerce eSolutions IPO	Aasaan Loans IPO
Brainbees Solutions (Firstcry) IPO	Stanley Lifestyles IPO
Ceigall India IPO	DEE Piping Systems IPO
Akums Drugs and Pharmaceuticals IPO	ixigo IPO
Sanstar IPO	Kronox Lab Sciences IPO

Comments

Add a public comment...