Pentagon Rubber IPO vs Veefin Solutions IPO

Comparision between Pentagon Rubber IPO and Veefin Solutions IPO.

IPO Details

Pentagon Rubber IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Veefin Solutions IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Pentagon Rubber IPO	Veefin Solutions IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Beeline Capital Advisors Pvt Ltd	Shreni Shares Limited
Registrar	Link Intime India Private Ltd	Bigshare Services Pvt Ltd
Market Maker	Sunflower Broking Private Limited	Shreni Shares Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Pentagon Rubber IPO is up to ₹16.17 Cr whereas the issue size of the Veefin Solutions IPO is up to ₹46.73 Cr. The final issue price of Pentagon Rubber IPO is ₹70.00 per share and of Veefin Solutions IPO is ₹82.00 per share.

	Pentagon Rubber IPO	Veefin Solutions IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹65.00 per share
Issue Price (Upper)	₹70.00 per share
Issue Price (Final)	₹70.00 per share	₹82.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	1600 shares
Fresh Issue Size	23,10,000 shares	28,49,600 shares
Fresh Issue Size (Amount)	up to ₹16.17 Cr	up to ₹23.37 Cr
OFS Issue Size		28,49,600 shares
OFS Issue Size (Amount)		up to ₹23.37 Cr
Issue Size Total	23,10,000 shares	56,99,200 shares
Issue Size Total (Amount)	up to ₹16.17 Cr	up to ₹46.73 Cr

IPO Timetable

Pentagon Rubber IPO opens on Jun 26, 2023, while Veefin Solutions IPO opens on Jun 22, 2023. The closing date of Pentagon Rubber IPO and Veefin Solutions IPO is Jun 30, 2023, and Jun 26, 2023, respectively.

	Pentagon Rubber IPO	Veefin Solutions IPO
Anchor Bid Date	Jun 23, 2023
Issue Open	Jun 26, 2023	Jun 22, 2023
Issue Close	Jun 30, 2023	Jun 26, 2023
Basis Of Allotment (Tentative)	Jul 05, 2023	Jun 30, 2023
Initiation of Refunds (Tentative)	Jul 06, 2023	Jul 03, 2023
Credit of Share (Tentative)	Jul 07, 2023	Jul 04, 2023
Listing date (Tentative)	Jul 07, 2023	Jul 05, 2023
Anchor Lockin End date 1	Aug 04, 2023	Jul 30, 2023
Anchor Lockin End date 2	Oct 03, 2023	Sep 28, 2023

Financials

Pentagon Rubber IPO P/E ratio is 18.76, as compared to Veefin Solutions IPO P/E ratio of 41.41.

Pentagon Rubber IPO

Veefin Solutions IPO

Financial

Pentagon Rubber Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	2,132.82	1,939.25	93.81	135.48	-264.52	1,244.86
31-Mar-21	2,588.99	2,319.69	110.30	245.78	-154.22	1,649.42
31-Mar-22	2,802.18	3,511.59	308.66	554.43	154.43	1,758.61
31-Dec-22	2,956.70	2,997.88	215.86	770.30	230.30	1,669.79
Amount in ₹ Lakhs

Veefin Solutions Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-22	1,607.93	655.19	70.01	925.10	923.86	346.32
31-Jan-23	4,821.70	1,262.36	350.02	4,293.21	2,459.43	50.81
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100%

56.26%

Promoter Shareholding (Post-Issue)

70.04%

39.84%

P/E Ratio

18.76

41.41

Market Cap

₹53.97 Cr.

₹173.74 Cr.

ROE

32.59%%

13.42%%

ROCE

27.16%%

11.32%%

Debt/Equity

2.17

0.01

EPS

₹3.83

₹0.48

RoNW

55.67%%

7.57%%

Shares Offered

In the Pentagon Rubber IPO retail investors (RII) are offered 7,70,000 shares while in Veefin Solutions IPO retail investors are offered 7,70,000 shares. Qualified institutional buyers (QIB) are offered 4,38,000 shares in Pentagon Rubber IPO and 0 shares in Veefin Solutions IPO.

	Pentagon Rubber IPO	Veefin Solutions IPO
Anchor Investor Reserveration	6,56,000 shares
Market Maker Reserveration	1,16,000 shares	2,88,000 shares
QIB	4,38,000 shares	0 shares
NII	3,30,000 shares	27,05,600 shares
RII	7,70,000 shares	27,05,600 shares
Employee	0 shares	0 shares
Others
Total	15,38,000 shares	54,11,200 shares

Bids Received (Subscription)

Pentagon Rubber IPO subscribed 106.20x in total, whereas Veefin Solutions IPO subscribed 2.46x.

	Pentagon Rubber IPO	Veefin Solutions IPO
QIB (times)	27.62x
NII (times)	153.33x	3.26x
Big NII (times)
Small NII (times)
RII (times)	130.70x	1.65x
Employee (times)
Other (times)
Total (times)	106.20x	2.46x

Compare with others

Pentagon Rubber IPO	Veefin Solutions IPO
Global Pet Industries IPO	Alphalogic Industries IPO
Tridhya Tech IPO	Global Pet Industries IPO
Magson IPO	Tridhya Tech IPO
Greenchef Appliances IPO	Magson IPO
Veefin Solutions IPO	Greenchef Appliances IPO
Kaka Industries IPO	Pentagon Rubber IPO
Aatmaj Healthcare IPO	Kaka Industries IPO
Essen Speciality Films IPO	Aatmaj Healthcare IPO
Vilin Bio Med IPO	Essen Speciality Films IPO
Cell Point (India) IPO	Vilin Bio Med IPO

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