Rulka Electricals IPO vs Veritaas Advertising IPO

Comparision between Rulka Electricals IPO and Veritaas Advertising IPO.

IPO Details

Rulka Electricals 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.

	Rulka Electricals 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	Beeline Capital Advisors Pvt Ltd	Horizon Management Private Limited
Registrar	Bigshare Services Pvt Ltd	Mas Services Limited
Market Maker	Sunflower Broking 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 Rulka Electricals IPO is up to ₹26.40 Cr whereas the issue size of the Veritaas Advertising IPO is up to ₹8.48 Cr. The final issue price of Rulka Electricals IPO is ₹235.00 per share and of Veritaas Advertising IPO is ₹114.00 per share.

	Rulka Electricals IPO	Veritaas Advertising IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹223.00 per share	₹109.00 per share
Issue Price (Upper)	₹235.00 per share	₹114.00 per share
Issue Price (Final)	₹235.00 per share	₹114.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	600 shares	1200 shares
Fresh Issue Size	8,42,400 shares	7,44,000 shares
Fresh Issue Size (Amount)	up to ₹19.80 Cr	up to ₹8.48 Cr
OFS Issue Size	2,80,800 shares
OFS Issue Size (Amount)	up to ₹6.60 Cr
Issue Size Total	11,23,200 shares	7,44,000 shares
Issue Size Total (Amount)	up to ₹26.40 Cr	up to ₹8.48 Cr

IPO Timetable

Rulka Electricals IPO opens on May 16, 2024, while Veritaas Advertising IPO opens on May 13, 2024. The closing date of Rulka Electricals IPO and Veritaas Advertising IPO is May 21, 2024, and May 15, 2024, respectively.

	Rulka Electricals IPO	Veritaas Advertising IPO
Anchor Bid Date	May 15, 2024	May 10, 2024
Issue Open	May 16, 2024	May 13, 2024
Issue Close	May 21, 2024	May 15, 2024
Basis Of Allotment (Tentative)	May 22, 2024	May 16, 2024
Initiation of Refunds (Tentative)	May 23, 2024	May 17, 2024
Credit of Share (Tentative)	May 23, 2024	May 17, 2024
Listing date (Tentative)	May 24, 2024	May 21, 2024
Anchor Lockin End date 1	Jun 21, 2024	Jun 15, 2024
Anchor Lockin End date 2	Aug 20, 2024	Aug 14, 2024

Financials

Rulka Electricals IPO P/E ratio is 28.62, as compared to Veritaas Advertising IPO P/E ratio of 54.

Rulka Electricals IPO

Veritaas Advertising IPO

Financial

Rulka Electricals Limited Financial Information (Restated Standalone)

Period Ended	29 Feb 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	4,082.09	2,826.95	1,919.04	982.41
Revenue	6,527.77	4,689.78	3,627.41	1,960.11
Profit After Tax	565.77	280.52	112.08	53.72
Net Worth	1,290.15	557.33	276.82	164.74
Reserves and Surplus	948.55	546.33	265.82	153.74
Total Borrowing	1,104.89	527.07	281.46	230.99
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)

86.28%

88.74%

Promoter Shareholding (Post-Issue)

69.22%

88.74%

P/E Ratio

28.62

Market Cap

₹100.07 Cr.

₹32.18 Cr.

ROE

61.25%%

44.24%%

ROCE

33.67%%

39.65%%

Debt/Equity

2.16

0.64

EPS

₹8.21

₹2.11

RoNW

43.85%%

44.23%%

Shares Offered

In the Rulka Electricals IPO retail investors (RII) are offered 3,73,800 shares while in Veritaas Advertising IPO retail investors are offered 3,73,800 shares. Qualified institutional buyers (QIB) are offered 2,13,600 shares in Rulka Electricals IPO and 1,77,600 shares in Veritaas Advertising IPO.

	Rulka Electricals IPO	Veritaas Advertising IPO
Anchor Investor Reserveration	3,19,200 shares	1,74,000 shares
Market Maker Reserveration	56,400 shares	37,200 shares
QIB	2,13,600 shares	1,77,600 shares
NII	1,60,200 shares	1,06,800 shares
RII	3,73,800 shares	2,48,400 shares
Employee	0 shares	0 shares
Others
Total	7,47,600 shares	5,32,800 shares

Bids Received (Subscription)

Rulka Electricals IPO subscribed 676.83x in total, whereas Veritaas Advertising IPO subscribed 621.62x.

	Rulka Electricals IPO	Veritaas Advertising IPO
QIB (times)	204.22x	102.41x
NII (times)	1,350.15x	629.56x
Big NII (times)
Small NII (times)
RII (times)	658.32x	989.44x
Employee (times)
Other (times)
Total (times)	676.83x	621.62x

Compare with others

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

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