Suraksha Diagnostic IPO vs Vishal Mega Mart IPO

Comparision between Suraksha Diagnostic IPO and Vishal Mega Mart IPO.

IPO Details

Suraksha Diagnostic IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Vishal Mega Mart IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Suraksha Diagnostic IPO	Vishal Mega Mart IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	ICICI Securities Limited Nuvama Wealth Management Limited SBI Capital Markets Limited	Kotak Mahindra Capital Company Limited ICICI Securities Limited Intensive Fiscal Services Private Limited Jefferies India Private Limited J.P. Morgan India Private Limited Morgan Stanley India Company Pvt Ltd
Registrar	Kfin Technologies Limited	Kfin Technologies Limited
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Suraksha Diagnostic IPO is up to ₹846.25 Cr whereas the issue size of the Vishal Mega Mart IPO is up to ₹8,000.00 Cr. The final issue price of Suraksha Diagnostic IPO is ₹441.00 per share and of Vishal Mega Mart IPO is .

	Suraksha Diagnostic IPO	Vishal Mega Mart IPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)	₹420.00 per share	₹74.00 per share
Issue Price (Upper)	₹441.00 per share	₹78.00 per share
Issue Price (Final)	₹441.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	34 shares	190 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size	1,91,89,330 shares	1,02,56,41,025 shares
OFS Issue Size (Amount)	up to ₹846.25 Cr	up to ₹8,000.00 Cr
Issue Size Total	1,91,89,330 shares	1,02,56,41,025 shares
Issue Size Total (Amount)	up to ₹846.25 Cr	up to ₹8,000.00 Cr

IPO Timetable

Suraksha Diagnostic IPO opens on Nov 29, 2024, while Vishal Mega Mart IPO opens on Dec 11, 2024. The closing date of Suraksha Diagnostic IPO and Vishal Mega Mart IPO is Dec 03, 2024, and Dec 13, 2024, respectively.

	Suraksha Diagnostic IPO	Vishal Mega Mart IPO
Anchor Bid Date	Nov 28, 2024	Dec 10, 2024
Issue Open	Nov 29, 2024	Dec 11, 2024
Issue Close	Dec 03, 2024	Dec 13, 2024
Basis Of Allotment (Tentative)	Dec 04, 2024	Dec 16, 2024
Initiation of Refunds (Tentative)	Dec 05, 2024	Dec 17, 2024
Credit of Share (Tentative)	Dec 05, 2024	Dec 17, 2024
Listing date (Tentative)	Dec 06, 2024	Dec 18, 2024
Anchor Lockin End date 1	Jan 03, 2025	Jan 15, 2025
Anchor Lockin End date 2	Mar 04, 2025	Mar 16, 2025

Financials

Suraksha Diagnostic IPO P/E ratio is 99.31, as compared to Vishal Mega Mart IPO P/E ratio of 76.13.

Suraksha Diagnostic IPO

Vishal Mega Mart IPO

Financial

Suraksha Diagnostic Limited Financial Information (Restated Consolidated)

Suraksha Diagnostic Limited's revenue increased by 14.75% and profit after tax (PAT) rose by 281.32% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	30 Jun 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	314.20	300.21	281.20	275.96
Revenue	61.85	222.26	193.69	225.77
Profit After Tax	7.67	23.13	6.07	20.82
Net Worth	187.05	179.41	155.93	145.84
Reserves and Surplus	176.80	170.88	147.40	137.31
Total Borrowing	7.57	8.64	14.01	19.03
Amount in ₹ Crore

Vishal Mega Mart Limited Financial Information (Restated Consolidated)

Vishal Mega Mart Limited's revenue increased by 17.41% and profit after tax (PAT) rose by 43.78% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	30 Sep 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	9,551.75	8,506.08	8,288.91	8,217.98
Revenue	5,053.42	8,945.13	7,618.89	5,653.85
Profit After Tax	254.14	461.94	321.27	202.77
Net Worth	5,923.74	5,646.59	5,180.84	4,849.93
Reserves and Surplus	1,390.27	1,113.12	649.50	321.88
Total Borrowing			133.50	497.41
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

61.07%

96.46%

Promoter Shareholding (Post-Issue)

48.78%

76.02%

P/E Ratio

99.31

76.13

Market Cap

₹2296.76 Cr.

₹35168.01 Cr.

ROE

14.09%%

ROCE

21.46%%

68.76%%

Debt/Equity

0.2

EPS

₹4.44

₹1.02

RoNW

14.09%%

8.18%%

Shares Offered

In the Suraksha Diagnostic IPO retail investors (RII) are offered 67,16,266 shares while in Vishal Mega Mart IPO retail investors are offered 67,16,266 shares. Qualified institutional buyers (QIB) are offered 38,37,867 shares in Suraksha Diagnostic IPO and 20,51,28,206 shares in Vishal Mega Mart IPO.

	Suraksha Diagnostic IPO	Vishal Mega Mart IPO
Anchor Investor Reserveration	57,56,797 shares	30,76,92,307 shares
Market Maker Reserveration
QIB	38,37,867 shares	20,51,28,206 shares
NII	28,78,400 shares	15,38,46,154 shares
RII	67,16,266 shares	35,89,74,359 shares
Employee	0 shares	0 shares
Others
Total	1,34,32,533 shares	71,79,48,719 shares

Bids Received (Subscription)

Suraksha Diagnostic IPO subscribed 1.27x in total, whereas Vishal Mega Mart IPO subscribed 1.62x.

	Suraksha Diagnostic IPO	Vishal Mega Mart IPO
QIB (times)	1.74x	0.50x
NII (times)	1.40x	4.05x
Big NII (times)	1.53x	4.40x
Small NII (times)	1.16x	3.35x
RII (times)	0.94x	1.23x
Employee (times)
Other (times)
Total (times)	1.27x	1.62x

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