Travels & Rentals IPO vs Vdeal System IPO

Comparision between Travels & Rentals IPO and Vdeal System IPO.

IPO Details

Travels & Rentals IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Vdeal System IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Travels & Rentals IPO	Vdeal System 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	Finshore Management Services Limited	Affinity Global Capital Market Private Limited
Registrar	Cameo Corporate Services Limited	Cameo Corporate Services Limited
Market Maker	Black Fox Financial Private Limited	Black Fox Financial Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL		IPO Allotment URL

Issue Size and Price

The total issue size of Travels & Rentals IPO is up to ₹12.24 Cr whereas the issue size of the Vdeal System IPO is up to ₹18.08 Cr. The final issue price of Travels & Rentals IPO is ₹40.00 per share and of Vdeal System IPO is ₹112.00 per share.

	Travels & Rentals IPO	Vdeal System IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹40.00 per share	₹112.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	1200 shares
Fresh Issue Size	30,60,000 shares	16,14,000 shares
Fresh Issue Size (Amount)	up to ₹12.24 Cr	up to ₹18.08 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	30,60,000 shares	16,14,000 shares
Issue Size Total (Amount)	up to ₹12.24 Cr	up to ₹18.08 Cr

IPO Timetable

Travels & Rentals IPO opens on Aug 29, 2024, while Vdeal System IPO opens on Aug 27, 2024. The closing date of Travels & Rentals IPO and Vdeal System IPO is Sep 02, 2024, and Aug 29, 2024, respectively.

	Travels & Rentals IPO	Vdeal System IPO
Anchor Bid Date
Issue Open	Aug 29, 2024	Aug 27, 2024
Issue Close	Sep 02, 2024	Aug 29, 2024
Basis Of Allotment (Tentative)	Sep 03, 2024	Aug 30, 2024
Initiation of Refunds (Tentative)	Sep 04, 2024	Sep 02, 2024
Credit of Share (Tentative)	Sep 04, 2024	Sep 02, 2024
Listing date (Tentative)	Sep 05, 2024	Sep 03, 2024
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials

Travels & Rentals IPO P/E ratio is 10.98, as compared to Vdeal System IPO P/E ratio of 11.79.

Travels & Rentals IPO

Vdeal System IPO

Financial

Travels & Rentals Limited Financial Information (Restated)

Travels & Rentals Limited's revenue increased by 39% and profit after tax (PAT) rose by 97% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	2,469.85	1,647.11	1,334.29
Revenue	803.54	579.06	290.59
Profit After Tax	296.55	150.64	69.01
Net Worth	1,478.48	741.52	490.88
Reserves and Surplus	664.21	540.33	314.69
Total Borrowing	470.94	560.97	755.41
Amount in ₹ Lakhs

Vdeal System Limited Financial Information (Restated)

Vdeal System Limited's revenue increased by 26% and profit after tax (PAT) rose by 183% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	2,727.93	1,544.44	1,142.33
Revenue	2,625.08	2,075.41	1,623.96
Profit After Tax	311.38	110.09	23.1
Net Worth	628.75	341.83	231.73
Reserves and Surplus	301.1	312.04	201.95
Total Borrowing	937.67	621.02	639.51
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

86.48%

99.97%

Promoter Shareholding (Post-Issue)

62.86%

66.96%

P/E Ratio

10.98

11.79

Market Cap

₹44.81 Cr.

₹54.77 Cr.

ROE

26.72%%

49.52%%

ROCE

27.54%%

32.83%%

Debt/Equity

0.32

1.49

EPS

₹3.64

₹9.50

RoNW

20.06%%

49.52%%

Shares Offered

In the Travels & Rentals IPO retail investors (RII) are offered 14,53,500 shares while in Vdeal System IPO retail investors are offered 14,53,500 shares. Qualified institutional buyers (QIB) are offered 0 shares in Travels & Rentals IPO and 0 shares in Vdeal System IPO.

	Travels & Rentals IPO	Vdeal System IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,53,000 shares	81,600 shares
QIB	0 shares	0 shares
NII	14,53,500 shares	7,66,200 shares
RII	14,53,500 shares	7,66,200 shares
Employee	0 shares	0 shares
Others
Total	29,07,000 shares	15,32,400 shares

Bids Received (Subscription)

Travels & Rentals IPO subscribed 11.75x in total, whereas Vdeal System IPO subscribed 71.38x.

	Travels & Rentals IPO	Vdeal System IPO
QIB (times)
NII (times)	3.27x	61.46x
Big NII (times)
Small NII (times)
RII (times)	20.24x	76.70x
Employee (times)
Other (times)
Total (times)	11.75x	71.38x

Compare with others

Travels & Rentals IPO	Vdeal System IPO
Naturewings Holidays IPO	Mach Conferences and Events IPO
My Mudra Fincorp IPO	Excellent Wires and Packaging IPO
Namo eWaste Management IPO	Travels & Rentals IPO
Mach Conferences and Events IPO	Jeyyam Global Foods IPO
Excellent Wires and Packaging IPO	Boss Packaging Solutions IPO
Jeyyam Global Foods IPO	Archit Nuwood Industries IPO
Boss Packaging Solutions IPO	Aeron Composite IPO
Vdeal System IPO	Paramatrix Technologies IPO
Archit Nuwood Industries IPO	Jay Bee Laminations IPO
Aeron Composite IPO	Rapid Multimodal Logistics IPO

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