Pratham EPC Projects IPO vs V R Infraspace IPO

Comparision between Pratham EPC Projects IPO and V R Infraspace IPO.

IPO Details

Pratham EPC Projects IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while V R Infraspace IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Pratham EPC Projects IPO	V R Infraspace IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	Beeline Capital Advisors Pvt Ltd	Beeline Capital Advisors Pvt Ltd
Registrar	Link Intime India Private Ltd	Link Intime India Private Ltd
Market Maker	Spread X Securities Private Limited	Spread X Securities Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Pratham EPC Projects IPO is up to ₹36.00 Cr whereas the issue size of the V R Infraspace IPO is up to ₹20.40 Cr. The final issue price of Pratham EPC Projects IPO is ₹75.00 per share and of V R Infraspace IPO is ₹85.00 per share.

	Pratham EPC Projects IPO	V R Infraspace IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹71.00 per share
Issue Price (Upper)	₹75.00 per share
Issue Price (Final)	₹75.00 per share	₹85.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	1600 shares
Fresh Issue Size	48,00,000 shares	24,00,000 shares
Fresh Issue Size (Amount)	up to ₹36.00 Cr	up to ₹20.40 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	48,00,000 shares	24,00,000 shares
Issue Size Total (Amount)	up to ₹36.00 Cr	up to ₹20.40 Cr

IPO Timetable

Pratham EPC Projects IPO opens on Mar 11, 2024, while V R Infraspace IPO opens on Mar 04, 2024. The closing date of Pratham EPC Projects IPO and V R Infraspace IPO is Mar 13, 2024, and Mar 06, 2024, respectively.

	Pratham EPC Projects IPO	V R Infraspace IPO
Anchor Bid Date	Mar 07, 2024
Issue Open	Mar 11, 2024	Mar 04, 2024
Issue Close	Mar 13, 2024	Mar 06, 2024
Basis Of Allotment (Tentative)	Mar 14, 2024	Mar 07, 2024
Initiation of Refunds (Tentative)	Mar 15, 2024	Mar 11, 2024
Credit of Share (Tentative)	Mar 15, 2024	Mar 11, 2024
Listing date (Tentative)	Mar 18, 2024	Mar 12, 2024
Anchor Lockin End date 1	Apr 13, 2024
Anchor Lockin End date 2	Jun 12, 2024

Financials

Pratham EPC Projects IPO P/E ratio is 12.72, as compared to V R Infraspace IPO P/E ratio of 20.99.

Pratham EPC Projects IPO

V R Infraspace IPO

Financial

Pratham EPC Projects Limited Financial Information (Restated Standalone)

Pratham EPC Projects Limited's revenue increased by 2.07% and profit after tax (PAT) rose by 73.14% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	4,643.75	4,849.75	2,850.17	2,041.93
Revenue	3,581.37	5,167.29	5,062.66	3,085.03
Profit After Tax	523.41	764.12	441.32	112.85
Net Worth	2,321.26	1,797.86	1,033.73	592.41
Reserves and Surplus	1,025.26	1,716.86	952.73	511.41
Total Borrowing	952.27	1,418.83	246.26	199.48
Amount in ₹ Lakhs

V R Infraspace Limited Financial Information (Restated Consolidated)

V R Infraspace Limited's revenue increased by 35.16% and profit after tax (PAT) rose by 229.16% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	6,117.91	4,328.38	4,920.59	5,479.20
Revenue	732.41	1,875.53	1,387.65	1,348.70
Profit After Tax	89.54	262.47	79.74	72.04
Net Worth	1,290.10	1,211.86	949.39	869.65
Reserves and Surplus	642.10	563.86	301.39	221.65
Total Borrowing	661.36	971.87	1,038.55	1,676.31
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

100%

Promoter Shareholding (Post-Issue)

72.97%

P/E Ratio

12.72

20.99

Market Cap

₹133.20 Cr.

₹75.48 Cr.

ROE

45.10%

7.16%%

ROCE

24.81%

6.12%%

Debt/Equity

0.51

EPS

₹5.90

₹4.05

RoNW

22.55%

6.94%%

Shares Offered

In the Pratham EPC Projects IPO retail investors (RII) are offered 15,96,800 shares while in V R Infraspace IPO retail investors are offered 15,96,800 shares. Qualified institutional buyers (QIB) are offered 9,12,000 shares in Pratham EPC Projects IPO and 0 shares in V R Infraspace IPO.

	Pratham EPC Projects IPO	V R Infraspace IPO
Anchor Investor Reserveration	13,66,400 shares
Market Maker Reserveration	2,40,000 shares	1,21,600 shares
QIB	9,12,000 shares	0 shares
NII	6,84,800 shares	11,39,200 shares
RII	15,96,800 shares	11,39,200 shares
Employee	0 shares	0 shares
Others
Total	31,93,600 shares	22,78,400 shares

Bids Received (Subscription)

Pratham EPC Projects IPO subscribed 178.54x in total, whereas V R Infraspace IPO subscribed 93.41x.

	Pratham EPC Projects IPO	V R Infraspace IPO
QIB (times)	70.28x
NII (times)	320.53x	85.21x
Big NII (times)
Small NII (times)
RII (times)	179.48x	90.55x
Employee (times)
Other (times)
Total (times)	178.54x	93.41x

Compare with others

Pratham EPC Projects IPO	V R Infraspace IPO
Enfuse Solutions IPO	AVP Infracon IPO
KP Green Engineering IPO	Signoria Creation IPO
Royal Sense IPO	Pratham EPC Projects IPO
AVP Infracon IPO	Koura Fine Diamond Jewelry IPO
Signoria Creation IPO	Shree Karni Fabcom IPO
Koura Fine Diamond Jewelry IPO	Sona Machinery IPO
Shree Karni Fabcom IPO	Pune E-Stock Broking IPO
V R Infraspace IPO	M.V.K. Agro Food IPO
Sona Machinery IPO	Owais Metal and Mineral Processing IPO
Pune E-Stock Broking IPO	Purv Flexipack IPO

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