Valencia IPO vs Vaxtex Cotfab IPO

Comparision between Valencia IPO and Vaxtex Cotfab IPO.

IPO Details

Valencia IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Vaxtex Cotfab IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Valencia IPO	Vaxtex Cotfab 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	Aryaman Financial Services Limited	Capitalsquare Advisors Private Limited
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL		IPO Allotment URL

Issue Size and Price

The total issue size of Valencia IPO is up to ₹7.23 Cr whereas the issue size of the Vaxtex Cotfab IPO is up to ₹3.83 Cr. The final issue price of Valencia IPO is ₹46.00 per share and of Vaxtex Cotfab IPO is ₹24.00 per share.

	Valencia IPO	Vaxtex Cotfab IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹46.00 per share	₹24.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	6000 shares
Fresh Issue Size	13,05,000 shares
Fresh Issue Size (Amount)	up to ₹6.00 Cr
OFS Issue Size	2,67,000 shares
OFS Issue Size (Amount)	up to ₹1.23 Cr
Issue Size Total	15,72,000 shares	15,96,000 shares
Issue Size Total (Amount)	up to ₹7.23 Cr	up to ₹3.83 Cr

IPO Timetable

Valencia IPO opens on Dec 23, 2019, while Vaxtex Cotfab IPO opens on Dec 27, 2019. The closing date of Valencia IPO and Vaxtex Cotfab IPO is Dec 27, 2019, and Jan 03, 2020, respectively.

	Valencia IPO	Vaxtex Cotfab IPO
Anchor Bid Date
Issue Open	Dec 23, 2019	Dec 27, 2019
Issue Close	Dec 27, 2019	Jan 03, 2020
Basis Of Allotment (Tentative)		Jan 08, 2020
Initiation of Refunds (Tentative)		Jan 09, 2020
Credit of Share (Tentative)		Jan 10, 2020
Listing date (Tentative)		Jan 13, 2020
Anchor Lockin End date 1		Feb 07, 2020
Anchor Lockin End date 2		Apr 07, 2020

Financials

Valencia IPO P/E ratio is , as compared to Vaxtex Cotfab IPO P/E ratio of .

Valencia IPO

Vaxtex Cotfab IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (Rs in Lakhs)
	30-June-19	31-Mar-19	31-Mar-18	31-Mar-17
Total Assets	239.87	141.25	161.37	32.81
Total Revenue	93.31	149.47	42.55	73.71
Profit After Tax	(92.16)	(214.14)	(115.97)	(146.50)

Summary of financial Information (Restated)
Particulars	For the year/period ended (Rs in Lakhs)
	30-Jun-19	31-Mar-19	31-Mar-18	31-Mar-17
Total Assets	1,969.99	1,350.29	1,018.76	470.00
Total Revenue	454.46	2,201.80	1,846.63	446.06
Profit After Tax	33.58	60.20	17.09	1.85

Promoter Shareholding (Pre-Issue)

82.09%

98.50%

Promoter Shareholding (Post-Issue)

62.91%

73.50 %

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Valencia IPO retail investors (RII) are offered 7,44,000 shares while in Vaxtex Cotfab IPO retail investors are offered 7,44,000 shares. Qualified institutional buyers (QIB) are offered in Valencia IPO and in Vaxtex Cotfab IPO.

	Valencia IPO	Vaxtex Cotfab IPO
Anchor Investor Reserveration
Market Maker Reserveration	84,000 shares	84,000 shares
QIB
NII	7,44,000 shares	7,98,000 shares
RII	7,44,000 shares	7,98,000 shares
Employee
Others
Total	14,88,000 shares	15,96,000 shares

Bids Received (Subscription)

Valencia IPO subscribed 1.56x in total, whereas Vaxtex Cotfab IPO subscribed 2.86x.

	Valencia IPO	Vaxtex Cotfab IPO
QIB (times)
NII (times)	2.53x	1.75x
Big NII (times)
Small NII (times)
RII (times)	0.58x	3.97x
Employee (times)
Other (times)
Total (times)	1.56x	2.86x

Compare with others

Valencia IPO	Vaxtex Cotfab IPO
Madhav Copper FPO	Tranway IPO
Janus IPO	Madhav Copper FPO
HindPrakash IPO	Janus IPO
Gian Lifecare IPO	HindPrakash IPO
Vaxtex Cotfab IPO	Gian Lifecare IPO
DC Infotech IPO	Valencia IPO
Ascom Leasing IPO	DC Infotech IPO
Mangalam Global IPO	Ascom Leasing IPO
Anuroop IPO	Mangalam Global IPO
Sona Hi Sona IPO	Anuroop IPO

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