Upsurge Seeds of Agriculture IPO vs Veekayem Fashion and Apparels IPO

Comparision between Upsurge Seeds of Agriculture IPO and Veekayem Fashion and Apparels IPO.

IPO Details

Upsurge Seeds of Agriculture IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Veekayem Fashion and Apparels IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Upsurge Seeds of Agriculture IPO	Veekayem Fashion and Apparels IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	Finshore Management Services Limited	GYR Capital Advisors Private Limited
Registrar	Link Intime India Private Ltd	Kfin Technologies Limited
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 Upsurge Seeds of Agriculture IPO is up to ₹22.81 Cr whereas the issue size of the Veekayem Fashion and Apparels IPO is up to ₹4.44 Cr. The final issue price of Upsurge Seeds of Agriculture IPO is ₹120.00 per share and of Veekayem Fashion and Apparels IPO is ₹28.00 per share.

	Upsurge Seeds of Agriculture IPO	Veekayem Fashion and Apparels IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹120.00 per share	₹28.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	4000 shares
Fresh Issue Size	19,00,800 shares	15,84,000 shares
Fresh Issue Size (Amount)	up to ₹22.81 Cr	up to ₹4.44 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	19,00,800 shares	15,84,000 shares
Issue Size Total (Amount)	up to ₹22.81 Cr	up to ₹4.44 Cr

IPO Timetable

Upsurge Seeds of Agriculture IPO opens on Jul 29, 2022, while Veekayem Fashion and Apparels IPO opens on Aug 05, 2022. The closing date of Upsurge Seeds of Agriculture IPO and Veekayem Fashion and Apparels IPO is Aug 02, 2022, and Aug 11, 2022, respectively.

	Upsurge Seeds of Agriculture IPO	Veekayem Fashion and Apparels IPO
Anchor Bid Date
Issue Open	Jul 29, 2022	Aug 05, 2022
Issue Close	Aug 02, 2022	Aug 11, 2022
Basis Of Allotment (Tentative)	Aug 05, 2022	Aug 17, 2022
Initiation of Refunds (Tentative)	Aug 08, 2022	Aug 18, 2022
Credit of Share (Tentative)	Aug 10, 2022	Aug 19, 2022
Listing date (Tentative)	Aug 11, 2022	Aug 22, 2022
Anchor Lockin End date 1	Sep 04, 2022	Sep 16, 2022
Anchor Lockin End date 2	Nov 03, 2022	Nov 15, 2022

Financials

Upsurge Seeds of Agriculture IPO P/E ratio is 21.35, as compared to Veekayem Fashion and Apparels IPO P/E ratio of 8.72.

Upsurge Seeds of Agriculture IPO

Veekayem Fashion and Apparels IPO

Financial

Upsurge Seeds of Agriculture Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	835.39	1763.73	21.92	92.14	42.14
31-Mar-21	1811.8	6290.31	85.31	324.45	127.45
31-Mar-22	4087.49	7577.15	396.44	1119.3	603.4
Amount in ₹ Lakhs

Veekayem Fashion and Apparels Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-19	11789.3	20317.36	228.31	2973.17	2331.38
31-Mar-20	12090.4	21571.46	109.1	2869.65	2440.48
31-Mar-21	12351.95	7670.06	35.25	2904.9	2475.73
31-Mar-22	13267.19	14947.02	188.54	3095.28	2666.11
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

96.92%

54.31%

Promoter Shareholding (Post-Issue)

70.82%

39.67%

P/E Ratio

21.35

8.72

Market Cap

₹84.72 Cr.

₹16.45 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Upsurge Seeds of Agriculture IPO retail investors (RII) are offered 9,02,400 shares while in Veekayem Fashion and Apparels IPO retail investors are offered 9,02,400 shares. Qualified institutional buyers (QIB) are offered in Upsurge Seeds of Agriculture IPO and in Veekayem Fashion and Apparels IPO.

	Upsurge Seeds of Agriculture IPO	Veekayem Fashion and Apparels IPO
Anchor Investor Reserveration
Market Maker Reserveration	96,000 shares	80,000 shares
QIB
NII	9,02,400 shares	7,52,000 shares
RII	9,02,400 shares	7,52,000 shares
Employee
Others
Total	18,04,800 shares	15,04,000 shares

Bids Received (Subscription)

Upsurge Seeds of Agriculture IPO subscribed 80.50x in total, whereas Veekayem Fashion and Apparels IPO subscribed 301.47x.

	Upsurge Seeds of Agriculture IPO	Veekayem Fashion and Apparels IPO
QIB (times)
NII (times)	101.70x	355.85x
Big NII (times)
Small NII (times)
RII (times)	59.29x	247.09x
Employee (times)
Other (times)
Total (times)	80.50x	301.47x

Compare with others

Upsurge Seeds of Agriculture IPO	Veekayem Fashion and Apparels IPO
Naturo Indiabull IPO	Kore Mobile IPO
Rhetan TMT IPO	Naturo Indiabull IPO
JFL Life Sciences IPO	Rhetan TMT IPO
Olatech Solutions IPO	JFL Life Sciences IPO
Veekayem Fashion and Apparels IPO	Olatech Solutions IPO
Agni Green Power IPO	Upsurge Seeds of Agriculture IPO
Healthy Life Agritec IPO	Agni Green Power IPO
Kesar India IPO	Healthy Life Agritec IPO
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Jayant Infratech IPO	B Right Realestate IPO

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