Proventus Agrocom IPO vs Vasa Denticity IPO

Comparision between Proventus Agrocom IPO and Vasa Denticity IPO.

IPO Details

Proventus Agrocom IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Vasa Denticity IPO is a SME Book Built Issue proposed to list at NSE SME.

	Proventus Agrocom IPO	Vasa Denticity IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Sundae Capital Advisors	Hem Securities Limited
Registrar	Bigshare Services Pvt Ltd	Mas Services Limited
Market Maker	Ajcon Global Services Limited	Hem Finlease 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 Proventus Agrocom IPO is up to ₹69.54 Cr whereas the issue size of the Vasa Denticity IPO is up to ₹54.07 Cr. The final issue price of Proventus Agrocom IPO is ₹771.00 per share and of Vasa Denticity IPO is ₹128.00 per share.

	Proventus Agrocom IPO	Vasa Denticity IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹121.00 per share
Issue Price (Upper)		₹128.00 per share
Issue Price (Final)	₹771.00 per share	₹128.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	160 shares	1000 shares
Fresh Issue Size	6,71,773 shares	31,74,000 shares
Fresh Issue Size (Amount)	up to ₹51.79 Cr	up to ₹40.63 Cr
OFS Issue Size	2,30,147 shares	10,50,000 shares
OFS Issue Size (Amount)	up to ₹17.74 Cr	up to ₹13.44 Cr
Issue Size Total	9,01,920 shares	42,24,000 shares
Issue Size Total (Amount)	up to ₹69.54 Cr	up to ₹54.07 Cr

IPO Timetable

Proventus Agrocom IPO opens on May 24, 2023, while Vasa Denticity IPO opens on May 23, 2023. The closing date of Proventus Agrocom IPO and Vasa Denticity IPO is May 26, 2023, and May 25, 2023, respectively.

	Proventus Agrocom IPO	Vasa Denticity IPO
Anchor Bid Date
Issue Open	May 24, 2023	May 23, 2023
Issue Close	May 26, 2023	May 25, 2023
Basis Of Allotment (Tentative)	May 31, 2023	May 30, 2023
Initiation of Refunds (Tentative)	Jun 01, 2023	May 31, 2023
Credit of Share (Tentative)	Jun 02, 2023	Jun 01, 2023
Listing date (Tentative)	Jun 05, 2023	Jun 02, 2023
Anchor Lockin End date 1	Jun 30, 2023	Jun 29, 2023
Anchor Lockin End date 2	Aug 29, 2023	Aug 28, 2023

Financials

Proventus Agrocom IPO P/E ratio is 186.23, as compared to Vasa Denticity IPO P/E ratio of 30.62.

Proventus Agrocom IPO

Vasa Denticity IPO

Financial

Proventus Agrochem Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	8,936.94	90,089.01	-2,190.46	5,663.58	4,731.01	1,728.54
31-Mar-21	8,843.36	30,173.92	187.90	5,844.50	4,911.92	2,940.72
31-Mar-22	10,131.13	40,434.57	114.03	5,966.75	5,034.17	3,444.05
31-Dec-22	9,735.37	31,909.63	189.82	6,167.31	5,234.74	3,061.13
Amount in ₹ Lakhs

Vasa Denticity Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	481.78	3,045.13	9.44	27.20	7.20	64.57
31-Mar-21	691.05	4,017.72	32.58	59.78	39.78	197.24
31-Mar-22	1,945.91	7,714.08	540.98	600.76	580.76	326.29
31-Dec-22	2,695.18	8,757.11	501.90	1,102.66	1,082.66	266.31
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

92.29%

95.00%

Promoter Shareholding (Post-Issue)

70.84%

69.62%

P/E Ratio

186.23

30.62

Market Cap

₹264.27 Cr.

₹205.01 Cr.

ROE

0.04%%

0.46%%

ROCE

0.05%%

0.54%%

Debt/Equity

0.56

0.24

EPS

₹4.14

₹4.43

RoNW

3.08%%

90.05%%

Shares Offered

In the Proventus Agrocom IPO retail investors (RII) are offered 4,28,450 shares while in Vasa Denticity IPO retail investors are offered 4,28,450 shares. Qualified institutional buyers (QIB) are offered 0 shares in Proventus Agrocom IPO and 8,02,000 shares in Vasa Denticity IPO.

	Proventus Agrocom IPO	Vasa Denticity IPO
Anchor Investor Reserveration		12,00,000 shares
Market Maker Reserveration	45,100 shares	2,16,000 shares
QIB	0 shares	8,02,000 shares
NII	4,28,430 shares	6,02,000 shares
RII	4,28,450 shares	14,04,000 shares
Employee	0 shares	0 shares
Others
Total	8,56,880 shares	28,08,000 shares

Bids Received (Subscription)

Proventus Agrocom IPO subscribed 2.70x in total, whereas Vasa Denticity IPO subscribed 73.14x.

	Proventus Agrocom IPO	Vasa Denticity IPO
QIB (times)		37.26x
NII (times)	4.65x	156.09x
Big NII (times)
Small NII (times)
RII (times)	0.74x	58.07x
Employee (times)
Other (times)
Total (times)	2.70x	73.14x

Compare with others

Proventus Agrocom IPO	Vasa Denticity IPO
Kore Digital IPO	CFF Fluid Control IPO
Sahana System IPO	Comrade Appliances IPO
CFF Fluid Control IPO	Infollion Research Services IPO
Comrade Appliances IPO	Proventus Agrocom IPO
Infollion Research Services IPO	Hemant Surgical Industries IPO
Hemant Surgical Industries IPO	Spectrum Talent Management IPO
Vasa Denticity IPO	Crayons Advertising IPO
Spectrum Talent Management IPO	Remus Pharmaceuticals IPO
Crayons Advertising IPO	Auro Impex & Chemicals IPO
Remus Pharmaceuticals IPO	Innokaiz India IPO

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