Purv Flexipack IPO vs V R Infraspace IPO

Comparision between Purv Flexipack IPO and V R Infraspace IPO.

IPO Details

Purv Flexipack 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.

	Purv Flexipack 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	Holani Consultants Private Limited	Beeline Capital Advisors Pvt Ltd
Registrar	Link Intime India Private Ltd	Link Intime India Private Ltd
Market Maker	Holani Consultants 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 Purv Flexipack IPO is up to ₹40.21 Cr whereas the issue size of the V R Infraspace IPO is up to ₹20.40 Cr. The final issue price of Purv Flexipack IPO is ₹71.00 per share and of V R Infraspace IPO is ₹85.00 per share.

	Purv Flexipack IPO	V R Infraspace IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹70.00 per share
Issue Price (Upper)	₹71.00 per share
Issue Price (Final)	₹71.00 per share	₹85.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	1600 shares
Fresh Issue Size	56,64,000 shares	24,00,000 shares
Fresh Issue Size (Amount)	up to ₹40.21 Cr	up to ₹20.40 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	56,64,000 shares	24,00,000 shares
Issue Size Total (Amount)	up to ₹40.21 Cr	up to ₹20.40 Cr

IPO Timetable

Purv Flexipack IPO opens on Feb 27, 2024, while V R Infraspace IPO opens on Mar 04, 2024. The closing date of Purv Flexipack IPO and V R Infraspace IPO is Feb 29, 2024, and Mar 06, 2024, respectively.

	Purv Flexipack IPO	V R Infraspace IPO
Anchor Bid Date	Feb 26, 2024
Issue Open	Feb 27, 2024	Mar 04, 2024
Issue Close	Feb 29, 2024	Mar 06, 2024
Basis Of Allotment (Tentative)	Mar 01, 2024	Mar 07, 2024
Initiation of Refunds (Tentative)	Mar 04, 2024	Mar 11, 2024
Credit of Share (Tentative)	Mar 04, 2024	Mar 11, 2024
Listing date (Tentative)	Mar 05, 2024	Mar 12, 2024
Anchor Lockin End date 1	Mar 31, 2024
Anchor Lockin End date 2	May 30, 2024

Financials

Purv Flexipack IPO P/E ratio is 13.17, as compared to V R Infraspace IPO P/E ratio of 20.99.

Purv Flexipack IPO

V R Infraspace IPO

Financial

Purv Flexipack Limited Financial Information (Restated)

Purv Flexipack Limited's revenue increased by 48.66% and profit after tax (PAT) rose by 31.82% 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	28,315.64	25,852.83	18,146.73	15,417.62
Revenue	13,935.79	34,107.83	22,943.81	13,780.26
Profit After Tax	430.13	826.13	626.73	567.50
Net Worth	8,152.42	7,619.22	6,793.09	5,898.36
Reserves and Surplus	6,740.54	6,207.34	5,381.21	4,486.48
Total Borrowing	15,013.96	12,350.98	8,340.10	7,077.77
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)

92.17%

100%

Promoter Shareholding (Post-Issue)

72.97%

P/E Ratio

13.17

20.99

Market Cap

₹148.98 Cr.

₹75.48 Cr.

ROE

11.46%%

7.16%%

ROCE

18.50%%

6.12%%

Debt/Equity

1.62

0.51

EPS

₹5.39

₹4.05

RoNW

10.84%%

6.94%%

Shares Offered

In the Purv Flexipack IPO retail investors (RII) are offered 19,00,800 shares while in V R Infraspace IPO retail investors are offered 19,00,800 shares. Qualified institutional buyers (QIB) are offered 10,52,800 shares in Purv Flexipack IPO and 0 shares in V R Infraspace IPO.

	Purv Flexipack IPO	V R Infraspace IPO
Anchor Investor Reserveration	15,16,800 shares
Market Maker Reserveration	3,48,800 shares	1,21,600 shares
QIB	10,52,800 shares	0 shares
NII	8,44,800 shares	11,39,200 shares
RII	19,00,800 shares	11,39,200 shares
Employee	0 shares	0 shares
Others
Total	37,98,400 shares	22,78,400 shares

Bids Received (Subscription)

Purv Flexipack IPO subscribed 421.78x in total, whereas V R Infraspace IPO subscribed 93.41x.

	Purv Flexipack IPO	V R Infraspace IPO
QIB (times)	157.32x
NII (times)	690.72x	85.21x
Big NII (times)
Small NII (times)
RII (times)	448.73x	90.55x
Employee (times)
Other (times)
Total (times)	421.78x	93.41x

Compare with others

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V R Infraspace IPO	AVP Infracon IPO
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Owais Metal and Mineral Processing IPO	Shree Karni Fabcom IPO
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Deem Roll Tech IPO	Pune E-Stock Broking IPO
Zenith Drugs IPO	M.V.K. Agro Food IPO
Esconet Technologies IPO	Owais Metal and Mineral Processing IPO
Trust Fintech IPO	Purv Flexipack IPO

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