Royal Sense IPO vs Vishwas Agri Seeds IPO

Comparision between Royal Sense IPO and Vishwas Agri Seeds IPO.

IPO Details

Royal Sense IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Vishwas Agri Seeds IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Royal Sense IPO	Vishwas Agri Seeds IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	NSE SME
Lead Managers	Expert Global Consultants Private Limited	Isk Advisors Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Rikhav Securities Limited	Sunflower Broking Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Royal Sense IPO is up to ₹9.86 Cr whereas the issue size of the Vishwas Agri Seeds IPO is up to ₹25.80 Cr. The final issue price of Royal Sense IPO is ₹68.00 per share and of Vishwas Agri Seeds IPO is ₹86.00 per share.

	Royal Sense IPO	Vishwas Agri Seeds IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹68.00 per share	₹86.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	1600 shares
Fresh Issue Size	14,50,000 shares	30,00,000 shares
Fresh Issue Size (Amount)	up to ₹9.86 Cr	up to ₹25.80 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	14,50,000 shares	30,00,000 shares
Issue Size Total (Amount)	up to ₹9.86 Cr	up to ₹25.80 Cr

IPO Timetable

Royal Sense IPO opens on Mar 12, 2024, while Vishwas Agri Seeds IPO opens on Mar 21, 2024. The closing date of Royal Sense IPO and Vishwas Agri Seeds IPO is Mar 14, 2024, and Mar 26, 2024, respectively.

	Royal Sense IPO	Vishwas Agri Seeds IPO
Anchor Bid Date
Issue Open	Mar 12, 2024	Mar 21, 2024
Issue Close	Mar 14, 2024	Mar 26, 2024
Basis Of Allotment (Tentative)	Mar 15, 2024	Mar 27, 2024
Initiation of Refunds (Tentative)	Mar 18, 2024	Mar 28, 2024
Credit of Share (Tentative)	Mar 18, 2024	Mar 28, 2024
Listing date (Tentative)	Mar 19, 2024	Apr 01, 2024
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials

Royal Sense IPO P/E ratio is 33.33, as compared to Vishwas Agri Seeds IPO P/E ratio of 5.06.

Royal Sense IPO

Vishwas Agri Seeds IPO

Financial

Royal Sense Limited Financial Information (Restated)

Period Ended	30 Sep 2023
Assets	569.87
Revenue	804.07
Profit After Tax	70.28
Net Worth	415.29
Reserves and Surplus	70.28
Total Borrowing	27.58
Amount in ₹ Lakhs

Vishwas Agri Seeds Limited Financial Information (Restated Standalone)

Vishwas Agri Seeds Limited's revenue increased by 0.72% and profit after tax (PAT) rose by 115.43% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	8,071.95	5,351.89	3,362.93	2,095.59
Revenue	4,247.49	6,532.18	6,485.80	5,382.66
Profit After Tax	451.01	534.14	247.94	116.30
Net Worth	1,883.90	1,432.89	478.75	200.81
Reserves and Surplus	1,183.90	732.89	398.75	150.81
Total Borrowing	2,862.87	1,877.88	1,697.17	1,275.08
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.99%

100.00%

Promoter Shareholding (Post-Issue)

67.15%

70.00%

P/E Ratio

33.33

5.06

Market Cap

₹33.32 Cr.

₹86.00 Cr.

ROE

17.00%%

27.20%%

ROCE

23.00%%

14.60%%

Debt/Equity

EPS

₹2.04

₹16.98

RoNW

17.00%%

23.94%%

Shares Offered

In the Royal Sense IPO retail investors (RII) are offered 6,45,000 shares while in Vishwas Agri Seeds IPO retail investors are offered 6,45,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Royal Sense IPO and 0 shares in Vishwas Agri Seeds IPO.

	Royal Sense IPO	Vishwas Agri Seeds IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,60,000 shares	1,52,000 shares
QIB	0 shares	0 shares
NII	6,45,000 shares	14,24,000 shares
RII	6,45,000 shares	14,24,000 shares
Employee	0 shares	0 shares
Others
Total	12,90,000 shares	28,48,000 shares

Bids Received (Subscription)

Royal Sense IPO subscribed 8.52x in total, whereas Vishwas Agri Seeds IPO subscribed 12.21x.

	Royal Sense IPO	Vishwas Agri Seeds IPO
QIB (times)
NII (times)	9.72x	12.80x
Big NII (times)
Small NII (times)
RII (times)	7.32x	11.57x
Employee (times)
Other (times)
Total (times)	8.52x	12.21x

Compare with others

Royal Sense IPO	Vishwas Agri Seeds IPO
Vishwas Agri Seeds IPO	Aspire & Innovative IPO
Chatha Foods IPO	Blue Pebble IPO
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Signoria Creation IPO	Enser Communications IPO
Pratham EPC Projects IPO	Enfuse Solutions IPO
Koura Fine Diamond Jewelry IPO	KP Green Engineering IPO
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