Silicon Rental Solutions IPO vs Vedant Asset IPO

Comparision between Silicon Rental Solutions IPO and Vedant Asset IPO.

IPO Details

Silicon Rental Solutions IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Vedant Asset IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Silicon Rental Solutions IPO	Vedant Asset IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	BSE SME
Lead Managers	Hem Securities Limited	Hem Securities 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	IPO Allotment URL

Issue Size and Price

The total issue size of Silicon Rental Solutions IPO is up to ₹21.15 Cr whereas the issue size of the Vedant Asset IPO is up to ₹3.00 Cr. The final issue price of Silicon Rental Solutions IPO is ₹78.00 per share and of Vedant Asset IPO is ₹40.00 per share.

	Silicon Rental Solutions IPO	Vedant Asset IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹78.00 per share	₹40.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	3000 shares
Fresh Issue Size	27,12,000 shares	7,50,000 shares
Fresh Issue Size (Amount)	up to ₹21.15 Cr	up to ₹3.00 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	27,12,000 shares	7,50,000 shares
Issue Size Total (Amount)	up to ₹21.15 Cr	up to ₹3.00 Cr

IPO Timetable

Silicon Rental Solutions IPO opens on Sep 28, 2022, while Vedant Asset IPO opens on Sep 30, 2022. The closing date of Silicon Rental Solutions IPO and Vedant Asset IPO is Sep 30, 2022, and Oct 04, 2022, respectively.

	Silicon Rental Solutions IPO	Vedant Asset IPO
Anchor Bid Date
Issue Open	Sep 28, 2022	Sep 30, 2022
Issue Close	Sep 30, 2022	Oct 04, 2022
Basis Of Allotment (Tentative)	Oct 06, 2022	Oct 10, 2022
Initiation of Refunds (Tentative)	Oct 07, 2022	Oct 11, 2022
Credit of Share (Tentative)	Oct 10, 2022	Oct 12, 2022
Listing date (Tentative)	Oct 10, 2022	Oct 12, 2022
Anchor Lockin End date 1	Nov 05, 2022	Nov 09, 2022
Anchor Lockin End date 2	Jan 04, 2023	Jan 08, 2023

Financials

Silicon Rental Solutions IPO P/E ratio is 10.73, as compared to Vedant Asset IPO P/E ratio of 80.

Silicon Rental Solutions IPO

Vedant Asset IPO

Financial

Silicon Rental Solutions Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Reserves and Surplus
31-Mar-20	1762.25	1227.85	215.5	581.54
31-Mar-21	2236.45	1375.65	270.39	851.93
31-Mar-22	4172.4	2467.91	746.54	1598.47
Amount in ₹ Lakhs

Vedant Asset Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	83.13	61.23	3.4	5.38	4.38	74.32
31-Mar-21	239.16	113.47	8.68	214.22	13.06	17.4
31-Mar-22	254.63	167.23	13.81	228.03	26.87	0
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.79%

99.99%

Promoter Shareholding (Post-Issue)

73.44%

72.83%

P/E Ratio

10.73

Market Cap

₹80.12 Cr.

₹11.05 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Silicon Rental Solutions IPO retail investors (RII) are offered 12,88,000 shares while in Vedant Asset IPO retail investors are offered 12,88,000 shares. Qualified institutional buyers (QIB) are offered in Silicon Rental Solutions IPO and in Vedant Asset IPO.

	Silicon Rental Solutions IPO	Vedant Asset IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,36,000 shares	42,000 shares
QIB
NII	12,88,000 shares	3,54,000 shares
RII	12,88,000 shares	3,54,000 shares
Employee
Others
Total	25,76,000 shares	7,08,000 shares

Bids Received (Subscription)

Silicon Rental Solutions IPO subscribed 2.89x in total, whereas Vedant Asset IPO subscribed 49.07x.

	Silicon Rental Solutions IPO	Vedant Asset IPO
QIB (times)
NII (times)	2.85x	42.98x
Big NII (times)
Small NII (times)
RII (times)	2.92x	55.16x
Employee (times)
Other (times)
Total (times)	2.89x	49.07x

Compare with others

Silicon Rental Solutions IPO	Vedant Asset IPO
Steelman Telecom IPO	Swastik Pipe IPO
Reetech International Cargo IPO	Trident Lifeline IPO
Cargotrans Maritime IPO	Steelman Telecom IPO
Vedant Asset IPO	Reetech International Cargo IPO
Cargosol Logistics IPO	Cargotrans Maritime IPO
Lloyds Luxuries IPO	Cargosol Logistics IPO
Concord Control Systems IPO	Silicon Rental Solutions IPO
Maagh Advertising IPO	Lloyds Luxuries IPO
QMS Medical Allied IPO	Concord Control Systems IPO
Cyber Media Research IPO	Maagh Advertising IPO

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