Swastik Pipe IPO vs Vedant Asset IPO

Comparision between Swastik Pipe IPO and Vedant Asset IPO.

IPO Details

Swastik Pipe IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Vedant Asset IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Swastik Pipe IPO	Vedant Asset IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Corporate Capitalventures Pvt Ltd	Hem Securities Limited
Registrar	Skyline Financial Services Private Ltd	Bigshare Services Pvt Ltd
Market Maker
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 Swastik Pipe IPO is up to ₹62.52 Cr whereas the issue size of the Vedant Asset IPO is up to ₹3.00 Cr. The final issue price of Swastik Pipe IPO is ₹100.00 per share and of Vedant Asset IPO is ₹40.00 per share.

	Swastik Pipe IPO	Vedant Asset IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹97.00 per share
Issue Price (Upper)	₹100.00 per share
Issue Price (Final)	₹100.00 per share	₹40.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	3000 shares
Fresh Issue Size	62,52,000 shares	7,50,000 shares
Fresh Issue Size (Amount)	up to ₹62.52 Cr	up to ₹3.00 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	62,52,000 shares	7,50,000 shares
Issue Size Total (Amount)	up to ₹62.52 Cr	up to ₹3.00 Cr

IPO Timetable

Swastik Pipe IPO opens on Sep 29, 2022, while Vedant Asset IPO opens on Sep 30, 2022. The closing date of Swastik Pipe IPO and Vedant Asset IPO is Oct 03, 2022, and Oct 04, 2022, respectively.

	Swastik Pipe IPO	Vedant Asset IPO
Anchor Bid Date
Issue Open	Sep 29, 2022	Sep 30, 2022
Issue Close	Oct 03, 2022	Oct 04, 2022
Basis Of Allotment (Tentative)	Oct 07, 2022	Oct 10, 2022
Initiation of Refunds (Tentative)	Oct 10, 2022	Oct 11, 2022
Credit of Share (Tentative)	Oct 11, 2022	Oct 12, 2022
Listing date (Tentative)	Oct 12, 2022	Oct 12, 2022
Anchor Lockin End date 1	Nov 06, 2022	Nov 09, 2022
Anchor Lockin End date 2	Jan 05, 2023	Jan 08, 2023

Financials

Swastik Pipe IPO P/E ratio is 11.38, as compared to Vedant Asset IPO P/E ratio of 80.

Swastik Pipe IPO

Vedant Asset IPO

Financial

Swastik Pipe Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-19	35607.65	72756.38	467.97	9370.13	8450.03
31-Mar-20	33650.76	65807.21	-1389.25	7980.91	7060.78
31-Mar-21	33625.88	52383.88	148.64	8129.51	7209.42
31-Mar-22	34127.21	61219.77	2041.11	14169.42	12471.47
Amount in ₹ Lakhs

Vedant Asset Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	83.13	61.23	3.4	5.38	4.38	74.32
31-Mar-21	239.16	113.47	8.68	214.22	13.06	17.4
31-Mar-22	254.63	167.23	13.81	228.03	26.87	0
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

88.27%

99.99%

Promoter Shareholding (Post-Issue)

64.51%

72.83%

P/E Ratio

11.38

Market Cap

₹232.32 Cr.

₹11.05 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Swastik Pipe IPO retail investors (RII) are offered 29,68,800 shares while in Vedant Asset IPO retail investors are offered 29,68,800 shares. Qualified institutional buyers (QIB) are offered in Swastik Pipe IPO and in Vedant Asset IPO.

	Swastik Pipe IPO	Vedant Asset IPO
Anchor Investor Reserveration
Market Maker Reserveration	3,14,400 shares	42,000 shares
QIB
NII	29,68,800 shares	3,54,000 shares
RII	29,68,800 shares	3,54,000 shares
Employee
Others
Total	59,37,600 shares	7,08,000 shares

Bids Received (Subscription)

Swastik Pipe IPO subscribed 1.35x in total, whereas Vedant Asset IPO subscribed 49.07x.

	Swastik Pipe IPO	Vedant Asset IPO
QIB (times)
NII (times)	1.37x	42.98x
Big NII (times)
Small NII (times)
RII (times)	1.33x	55.16x
Employee (times)
Other (times)
Total (times)	1.35x	49.07x

Compare with others

Swastik Pipe IPO	Vedant Asset IPO
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Cargotrans Maritime IPO	Concord Control Systems IPO
Vedant Asset IPO	Maagh Advertising IPO

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