Prospect Commodities IPO vs Vertexplus Technologies IPO

Comparision between Prospect Commodities IPO and Vertexplus Technologies IPO.

IPO Details

Prospect Commodities IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Vertexplus Technologies IPO is a SME Book Built Issue proposed to list at NSE SME.

	Prospect Commodities IPO	Vertexplus Technologies 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	Interactive Financial Services Ltd	Beeline Capital Advisors Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Skyline Financial Services Private Ltd
Market Maker	Beeline Broking Ltd.	Prabhat Financial Services 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 Prospect Commodities IPO is up to ₹7.48 Cr whereas the issue size of the Vertexplus Technologies IPO is up to ₹14.20 Cr. The final issue price of Prospect Commodities IPO is ₹61.00 per share and of Vertexplus Technologies IPO is ₹96.00 per share.

	Prospect Commodities IPO	Vertexplus Technologies IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹91.00 per share
Issue Price (Upper)		₹96.00 per share
Issue Price (Final)	₹61.00 per share	₹96.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	1200 shares
Fresh Issue Size	12,26,000 shares	14,79,600 shares
Fresh Issue Size (Amount)	up to ₹7.48 Cr	up to ₹14.20 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	12,26,000 shares	14,79,600 shares
Issue Size Total (Amount)	up to ₹7.48 Cr	up to ₹14.20 Cr

IPO Timetable

Prospect Commodities IPO opens on Mar 08, 2023, while Vertexplus Technologies IPO opens on Mar 02, 2023. The closing date of Prospect Commodities IPO and Vertexplus Technologies IPO is Mar 13, 2023, and Mar 06, 2023, respectively.

	Prospect Commodities IPO	Vertexplus Technologies IPO
Anchor Bid Date		Mar 01, 2023
Issue Open	Mar 08, 2023	Mar 02, 2023
Issue Close	Mar 13, 2023	Mar 06, 2023
Basis Of Allotment (Tentative)	Mar 16, 2023	Mar 10, 2023
Initiation of Refunds (Tentative)	Mar 17, 2023	Mar 13, 2023
Credit of Share (Tentative)	Mar 20, 2023	Mar 14, 2023
Listing date (Tentative)	Mar 20, 2023	Mar 15, 2023
Anchor Lockin End date 1	Apr 15, 2023	Apr 09, 2023
Anchor Lockin End date 2	Jun 14, 2023	Jun 08, 2023

Financials

Prospect Commodities IPO P/E ratio is 31.44, as compared to Vertexplus Technologies IPO P/E ratio of 28.83.

Prospect Commodities IPO

Vertexplus Technologies IPO

Financial

Prospect Commodities Limited Financial Information (Restated Standalone)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-22	1.05	0.00	-0.15	0.85	-0.15	0.05
30-Nov-22	977.07	839.98	52.85	293.70	52.70	363.57
Amount in ₹ Lakhs

Vertexplus Technologies Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	989.70	1,963.92	61.23	380.37	379.37	209.55
31-Mar-21	1,103.71	2,025.61	104.98	487.15	486.15	227.40
31-Mar-22	1,308.76	2,132.04	186.05	673.11	273.11	279.15
30-Sep-22	1,599.17	1,091.71	91.26	807.62	407.62	360.61
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

88.44%

100.00%

Promoter Shareholding (Post-Issue)

61.94%

P/E Ratio

31.44

28.83

Market Cap

₹24.95 Cr.

₹52.60 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Prospect Commodities IPO retail investors (RII) are offered 5,82,000 shares while in Vertexplus Technologies IPO retail investors are offered 5,82,000 shares. Qualified institutional buyers (QIB) are offered in Prospect Commodities IPO and 2,86,800 shares in Vertexplus Technologies IPO.

	Prospect Commodities IPO	Vertexplus Technologies IPO
Anchor Investor Reserveration		4,15,200 shares
Market Maker Reserveration	62,000 shares	74,400 shares
QIB		2,86,800 shares
NII	5,82,000 shares	2,11,200 shares
RII	5,82,000 shares	4,92,000 shares
Employee
Others
Total	11,64,000 shares	14,05,200 shares

Bids Received (Subscription)

Prospect Commodities IPO subscribed 5.31x in total, whereas Vertexplus Technologies IPO subscribed 11.01x.

	Prospect Commodities IPO	Vertexplus Technologies IPO
QIB (times)		1.43x
NII (times)	6.85x	35.15x
Big NII (times)
Small NII (times)
RII (times)	3.76x	15.53x
Employee (times)
Other (times)
Total (times)	5.31x	11.01x

Compare with others

Prospect Commodities IPO	Vertexplus Technologies IPO
Dev Labtech Venture IPO	VELS Film International IPO
Nirman Agri Genetics IPO	Bright Outdoor Media IPO
Labelkraft Technologies IPO	Prospect Commodities IPO
VELS Film International IPO	Quality Foils (India) IPO
Bright Outdoor Media IPO	Sudarshan Pharma Industries IPO
Quality Foils (India) IPO	MCON Rasayan IPO
Sudarshan Pharma Industries IPO	Systango Technologies IPO
Vertexplus Technologies IPO	Amanaya Ventures IPO
MCON Rasayan IPO	ResGen IPO
Systango Technologies IPO	Srivasavi Adhesive Tapes IPO

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