Indian Phosphate IPO vs Vdeal System IPO

Comparision between Indian Phosphate IPO and Vdeal System IPO.

IPO Details

Indian Phosphate IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Vdeal System IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Indian Phosphate IPO	Vdeal System 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	Affinity Global Capital Market Private Limited
Registrar	Bigshare Services Pvt Ltd	Cameo Corporate Services Limited
Market Maker	Spread X Securities Private Limited	Black Fox Financial 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 Indian Phosphate IPO is up to ₹67.36 Cr whereas the issue size of the Vdeal System IPO is up to ₹18.08 Cr. The final issue price of Indian Phosphate IPO is ₹99.00 per share and of Vdeal System IPO is ₹112.00 per share.

	Indian Phosphate IPO	Vdeal System IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹94.00 per share
Issue Price (Upper)	₹99.00 per share
Issue Price (Final)	₹99.00 per share	₹112.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	1200 shares
Fresh Issue Size	68,04,000 shares	16,14,000 shares
Fresh Issue Size (Amount)	up to ₹67.36 Cr	up to ₹18.08 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	68,04,000 shares	16,14,000 shares
Issue Size Total (Amount)	up to ₹67.36 Cr	up to ₹18.08 Cr

IPO Timetable

Indian Phosphate IPO opens on Aug 26, 2024, while Vdeal System IPO opens on Aug 27, 2024. The closing date of Indian Phosphate IPO and Vdeal System IPO is Aug 29, 2024, and Aug 29, 2024, respectively.

	Indian Phosphate IPO	Vdeal System IPO
Anchor Bid Date	Aug 23, 2024
Issue Open	Aug 26, 2024	Aug 27, 2024
Issue Close	Aug 29, 2024	Aug 29, 2024
Basis Of Allotment (Tentative)	Aug 30, 2024	Aug 30, 2024
Initiation of Refunds (Tentative)	Sep 02, 2024	Sep 02, 2024
Credit of Share (Tentative)	Sep 02, 2024	Sep 02, 2024
Listing date (Tentative)	Sep 03, 2024	Sep 03, 2024
Anchor Lockin End date 1	Sep 29, 2024
Anchor Lockin End date 2	Nov 28, 2024

Financials

Indian Phosphate IPO P/E ratio is 14.88, as compared to Vdeal System IPO P/E ratio of 11.79.

Indian Phosphate IPO

Vdeal System IPO

Financial

Indian Phosphate Limited Financial Information (Restated Consolidated)

Indian Phosphate Limited's revenue decreased by -7% and profit after tax (PAT) dropped by -27% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	25,518.6	17,407.45	10,789.93	6,313.71
Revenue	71,757.81	77,093.2	55,838.56	41,501.81
Profit After Tax	1,210.21	1,659.53	1,616.61	509.44
Net Worth	8,099.06	6,751.8	5,092.27	3,475.66
Reserves and Surplus	6,280.56	6,480.37	4,820.84	3,204.23
Total Borrowing	4,023.17	1,535.48	1,830.58	434.04
Amount in ₹ Lakhs

Vdeal System Limited Financial Information (Restated)

Vdeal System Limited's revenue increased by 26% and profit after tax (PAT) rose by 183% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	2,727.93	1,544.44	1,142.33
Revenue	2,625.08	2,075.41	1,623.96
Profit After Tax	311.38	110.09	23.1
Net Worth	628.75	341.83	231.73
Reserves and Surplus	301.1	312.04	201.95
Total Borrowing	937.67	621.02	639.51
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

99.97%

Promoter Shareholding (Post-Issue)

72.77%

66.96%

P/E Ratio

14.88

11.79

Market Cap

₹247.40 Cr.

₹54.77 Cr.

ROE

18.14%%

49.52%%

ROCE

20.93%%

32.83%%

Debt/Equity

0.5

1.49

EPS

₹6.65

₹9.50

RoNW

16.63%%

49.52%%

Shares Offered

In the Indian Phosphate IPO retail investors (RII) are offered 22,51,200 shares while in Vdeal System IPO retail investors are offered 22,51,200 shares. Qualified institutional buyers (QIB) are offered 12,86,400 shares in Indian Phosphate IPO and 0 shares in Vdeal System IPO.

	Indian Phosphate IPO	Vdeal System IPO
Anchor Investor Reserveration	19,28,400 shares
Market Maker Reserveration	3,73,200 shares	81,600 shares
QIB	12,86,400 shares	0 shares
NII	9,64,800 shares	7,66,200 shares
RII	22,51,200 shares	7,66,200 shares
Employee	0 shares	0 shares
Others
Total	45,02,400 shares	15,32,400 shares

Bids Received (Subscription)

Indian Phosphate IPO subscribed 267.89x in total, whereas Vdeal System IPO subscribed 71.38x.

	Indian Phosphate IPO	Vdeal System IPO
QIB (times)	181.58x
NII (times)	441.01x	61.46x
Big NII (times)
Small NII (times)
RII (times)	243.02x	76.70x
Employee (times)
Other (times)
Total (times)	267.89x	71.38x

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