Piotex Industries IPO vs Veritaas Advertising IPO

Comparision between Piotex Industries IPO and Veritaas Advertising IPO.

IPO Details

Piotex Industries IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Veritaas Advertising IPO is a SME Book Built Issue proposed to list at NSE SME.

	Piotex Industries IPO	Veritaas Advertising IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	BSE SME	NSE SME
Lead Managers	Beeline Capital Advisors Pvt Ltd	Horizon Management Private Limited
Registrar	Cameo Corporate Services Limited	Mas Services Limited
Market Maker	Spread X Securities Private Limited	Horizon Financial Consultants Pvt. Ltd.
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 Piotex Industries IPO is up to ₹14.47 Cr whereas the issue size of the Veritaas Advertising IPO is up to ₹8.48 Cr. The final issue price of Piotex Industries IPO is ₹94.00 per share and of Veritaas Advertising IPO is ₹114.00 per share.

	Piotex Industries IPO	Veritaas Advertising IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹109.00 per share
Issue Price (Upper)		₹114.00 per share
Issue Price (Final)	₹94.00 per share	₹114.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	1200 shares
Fresh Issue Size	15,39,600 shares	7,44,000 shares
Fresh Issue Size (Amount)	up to ₹14.47 Cr	up to ₹8.48 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	15,39,600 shares	7,44,000 shares
Issue Size Total (Amount)	up to ₹14.47 Cr	up to ₹8.48 Cr

IPO Timetable

Piotex Industries IPO opens on May 10, 2024, while Veritaas Advertising IPO opens on May 13, 2024. The closing date of Piotex Industries IPO and Veritaas Advertising IPO is May 14, 2024, and May 15, 2024, respectively.

	Piotex Industries IPO	Veritaas Advertising IPO
Anchor Bid Date		May 10, 2024
Issue Open	May 10, 2024	May 13, 2024
Issue Close	May 14, 2024	May 15, 2024
Basis Of Allotment (Tentative)	May 15, 2024	May 16, 2024
Initiation of Refunds (Tentative)	May 16, 2024	May 17, 2024
Credit of Share (Tentative)	May 16, 2024	May 17, 2024
Listing date (Tentative)	May 17, 2024	May 21, 2024
Anchor Lockin End date 1		Jun 15, 2024
Anchor Lockin End date 2		Aug 14, 2024

Financials

Piotex Industries IPO P/E ratio is 11.14, as compared to Veritaas Advertising IPO P/E ratio of 54.

Piotex Industries IPO

Veritaas Advertising IPO

Financial

Piotex Industries Limited Financial Information (Restated)

Piotex Industries Limited's revenue increased by 37.23% and profit after tax (PAT) rose by 4.17% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	3,610.59	1,757.68	1,385.47
Revenue	11,893.88	8,667.21	8,046.39
Profit After Tax	300.80	288.75	74.29
Net Worth	897.18	440.07	151.32
Reserves and Surplus	582.47	425.07	136.32
Total Borrowing	445.94	372.30	528.58
Amount in ₹ Lakhs

Veritaas Advertising Limited Financial Information (Restated)

Period Ended	10 Feb 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	926.51	530.58	269.00	152.32
Revenue	786.75	786.75	339.22	234.21
Profit After Tax	156.79	43.89	12.58	19.72
Net Worth	354.39	89.60	45.71	25.13
Reserves and Surplus	146.49	80.60	36.71	24.13
Total Borrowing	228.17	134.03	74.73
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

88.74%

Promoter Shareholding (Post-Issue)

69.83%

88.74%

P/E Ratio

11.14

Market Cap

₹47.97 Cr.

₹32.18 Cr.

ROE

44.99%%

44.24%%

ROCE

33.20%%

39.65%%

Debt/Equity

0.5

0.64

EPS

₹8.44

₹2.11

RoNW

33.53%%

44.23%%

Shares Offered

In the Piotex Industries IPO retail investors (RII) are offered 7,30,800 shares while in Veritaas Advertising IPO retail investors are offered 7,30,800 shares. Qualified institutional buyers (QIB) are offered 0 shares in Piotex Industries IPO and 1,77,600 shares in Veritaas Advertising IPO.

	Piotex Industries IPO	Veritaas Advertising IPO
Anchor Investor Reserveration		1,74,000 shares
Market Maker Reserveration	78,000 shares	37,200 shares
QIB	0 shares	1,77,600 shares
NII	7,30,800 shares	1,06,800 shares
RII	7,30,800 shares	2,48,400 shares
Employee	0 shares	0 shares
Others
Total	14,61,600 shares	5,32,800 shares

Bids Received (Subscription)

Piotex Industries IPO subscribed 107.44x in total, whereas Veritaas Advertising IPO subscribed 621.62x.

	Piotex Industries IPO	Veritaas Advertising IPO
QIB (times)		102.41x
NII (times)	115.21x	629.56x
Big NII (times)
Small NII (times)
RII (times)	93.33x	989.44x
Employee (times)
Other (times)
Total (times)	107.44x	621.62x

Compare with others

Piotex Industries IPO	Veritaas Advertising IPO
GSM Foils IPO	Vilas Transcore IPO
Vilas Transcore IPO	Hariom Atta & Spices IPO
Hariom Atta & Spices IPO	Rulka Electricals IPO
Rulka Electricals IPO	Quest Laboratories IPO
Quest Laboratories IPO	Piotex Industries IPO
Veritaas Advertising IPO	Indian Emulsifier IPO
Indian Emulsifier IPO	Aztec Fluids & Machinery IPO
Aztec Fluids & Machinery IPO	Premier Roadlines IPO
Premier Roadlines IPO	Silkflex Polymers IPO
Silkflex Polymers IPO	Energy Mission Machineries IPO

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