Premier Roadlines IPO vs Veritaas Advertising IPO

Comparision between Premier Roadlines IPO and Veritaas Advertising IPO.

IPO Details

Premier Roadlines IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Veritaas Advertising IPO is a SME Book Built Issue proposed to list at NSE SME.

	Premier Roadlines IPO	Veritaas Advertising 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	Hem Securities Limited	Horizon Management Private Limited
Registrar	Maashitla Securities Private Limited	Mas Services Limited
Market Maker	Hem Finlease Private Limited	Horizon Financial Consultants Pvt. Ltd.
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 Premier Roadlines IPO is up to ₹40.36 Cr whereas the issue size of the Veritaas Advertising IPO is up to ₹8.48 Cr. The final issue price of Premier Roadlines IPO is ₹67.00 per share and of Veritaas Advertising IPO is ₹114.00 per share.

	Premier Roadlines IPO	Veritaas Advertising IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹63.00 per share	₹109.00 per share
Issue Price (Upper)	₹67.00 per share	₹114.00 per share
Issue Price (Final)	₹67.00 per share	₹114.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	1200 shares
Fresh Issue Size	60,24,000 shares	7,44,000 shares
Fresh Issue Size (Amount)	up to ₹40.36 Cr	up to ₹8.48 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	60,24,000 shares	7,44,000 shares
Issue Size Total (Amount)	up to ₹40.36 Cr	up to ₹8.48 Cr

IPO Timetable

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

	Premier Roadlines IPO	Veritaas Advertising IPO
Anchor Bid Date	May 09, 2024	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 14, 2024	Jun 15, 2024
Anchor Lockin End date 2	Aug 13, 2024	Aug 14, 2024

Financials

Premier Roadlines IPO P/E ratio is 15.7, as compared to Veritaas Advertising IPO P/E ratio of 54.

Premier Roadlines IPO

Veritaas Advertising IPO

Financial

Premier Roadlines Limited Financial Information (Restated Standalone)

Period Ended	31 Jan 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	8,699.12	7,410.76	5,144.62	4,578.82
Revenue	17,420.71	19,205.60	13,868.81	9,415.78
Profit After Tax	874.67	718.50	388.60	155.39
Net Worth	3,577.83	2,703.17	1,984.67	1,596.07
Reserves and Surplus	1,893.98	2,550.09	1,831.59	1,442.99
Total Borrowing	3,707.93	3,677.26	2,354.82	2,379.01
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)

73.65%

88.74%

P/E Ratio

15.7

Market Cap

₹153.18 Cr.

₹32.18 Cr.

ROE

27.85%%

44.24%%

ROCE

20.05%%

39.65%%

Debt/Equity

1.04

0.64

EPS

₹4.27

₹2.11

RoNW

24.45%%

44.23%%

Shares Offered

In the Premier Roadlines IPO retail investors (RII) are offered 20,04,000 shares while in Veritaas Advertising IPO retail investors are offered 20,04,000 shares. Qualified institutional buyers (QIB) are offered 11,44,000 shares in Premier Roadlines IPO and 1,77,600 shares in Veritaas Advertising IPO.

	Premier Roadlines IPO	Veritaas Advertising IPO
Anchor Investor Reserveration	17,14,000 shares	1,74,000 shares
Market Maker Reserveration	3,04,000 shares	37,200 shares
QIB	11,44,000 shares	1,77,600 shares
NII	8,58,000 shares	1,06,800 shares
RII	20,04,000 shares	2,48,400 shares
Employee	0 shares	0 shares
Others
Total	40,06,000 shares	5,32,800 shares

Bids Received (Subscription)

Premier Roadlines IPO subscribed 117.57x in total, whereas Veritaas Advertising IPO subscribed 621.62x.

	Premier Roadlines IPO	Veritaas Advertising IPO
QIB (times)	89.95x	102.41x
NII (times)	180.25x	629.56x
Big NII (times)
Small NII (times)
RII (times)	106.50x	989.44x
Employee (times)
Other (times)
Total (times)	117.57x	621.62x

Compare with others

Premier Roadlines IPO	Veritaas Advertising IPO
Quest Laboratories IPO	Vilas Transcore IPO
Piotex Industries IPO	Hariom Atta & Spices IPO
Veritaas Advertising IPO	Rulka Electricals IPO
Indian Emulsifier IPO	Quest Laboratories IPO
Aztec Fluids & Machinery IPO	Piotex Industries IPO
Silkflex Polymers IPO	Indian Emulsifier IPO
Energy Mission Machineries IPO	Aztec Fluids & Machinery IPO
TGIF Agribusiness IPO	Premier Roadlines IPO
Refractory Shapes IPO	Silkflex Polymers IPO
Winsol Engineers IPO	Energy Mission Machineries IPO

Comments

Add a public comment...