Essen Speciality Films IPO vs Veefin Solutions IPO

Comparision between Essen Speciality Films IPO and Veefin Solutions IPO.

IPO Details

Essen Speciality Films IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Veefin Solutions IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Essen Speciality Films IPO	Veefin Solutions IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	GYR Capital Advisors Private Limited	Shreni Shares Limited
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Smc Global Securities Ltd.	Shreni Shares 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 Essen Speciality Films IPO is up to ₹66.33 Cr whereas the issue size of the Veefin Solutions IPO is up to ₹46.73 Cr. The final issue price of Essen Speciality Films IPO is ₹107.00 per share and of Veefin Solutions IPO is ₹82.00 per share.

	Essen Speciality Films IPO	Veefin Solutions IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹101.00 per share
Issue Price (Upper)	₹107.00 per share
Issue Price (Final)	₹107.00 per share	₹82.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	1600 shares
Fresh Issue Size	46,99,200 shares	28,49,600 shares
Fresh Issue Size (Amount)	up to ₹50.58 Cr	up to ₹23.37 Cr
OFS Issue Size	15,00,000 shares	28,49,600 shares
OFS Issue Size (Amount)	up to ₹16.05 Cr	up to ₹23.37 Cr
Issue Size Total	61,99,200 shares	56,99,200 shares
Issue Size Total (Amount)	up to ₹66.33 Cr	up to ₹46.73 Cr

IPO Timetable

Essen Speciality Films IPO opens on Jun 23, 2023, while Veefin Solutions IPO opens on Jun 22, 2023. The closing date of Essen Speciality Films IPO and Veefin Solutions IPO is Jun 27, 2023, and Jun 26, 2023, respectively.

	Essen Speciality Films IPO	Veefin Solutions IPO
Anchor Bid Date	Jun 22, 2023
Issue Open	Jun 23, 2023	Jun 22, 2023
Issue Close	Jun 27, 2023	Jun 26, 2023
Basis Of Allotment (Tentative)	Jul 03, 2023	Jun 30, 2023
Initiation of Refunds (Tentative)	Jul 04, 2023	Jul 03, 2023
Credit of Share (Tentative)	Jul 05, 2023	Jul 04, 2023
Listing date (Tentative)	Jul 06, 2023	Jul 05, 2023
Anchor Lockin End date 1	Aug 02, 2023	Jul 30, 2023
Anchor Lockin End date 2	Oct 01, 2023	Sep 28, 2023

Financials

Essen Speciality Films IPO P/E ratio is 16.5, as compared to Veefin Solutions IPO P/E ratio of 41.41.

Essen Speciality Films IPO

Veefin Solutions IPO

Financial

Essen Speciality Films Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-21	10,440.24	9,680.78	913.73	6,707.76	6,607.76	1,541.36
31-Mar-22	11,859.28	11,857.17	516.90	7,224.65	5,624.66	2,583.00
31-Mar-23	10,970.82	12,048.09	1,337.23	8,561.89	6,961.89	657.40
Amount in ₹ Lakhs

Veefin Solutions Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-22	1,607.93	655.19	70.01	925.10	923.86	346.32
31-Jan-23	4,821.70	1,262.36	350.02	4,293.21	2,459.43	50.81
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100%

56.26%

Promoter Shareholding (Post-Issue)

70%

39.84%

P/E Ratio

16.5

41.41

Market Cap

₹220.00 Cr.

₹173.74 Cr.

ROE

17.08%%

13.42%%

ROCE

12.19%%

11.32%%

Debt/Equity

0.08

0.01

EPS

₹8.36

₹0.48

RoNW

15.62%%

7.57%%

Shares Offered

In the Essen Speciality Films IPO retail investors (RII) are offered 20,61,600 shares while in Veefin Solutions IPO retail investors are offered 20,61,600 shares. Qualified institutional buyers (QIB) are offered 11,77,200 shares in Essen Speciality Films IPO and 0 shares in Veefin Solutions IPO.

	Essen Speciality Films IPO	Veefin Solutions IPO
Anchor Investor Reserveration	17,65,200 shares
Market Maker Reserveration	3,10,800 shares	2,88,000 shares
QIB	11,77,200 shares	0 shares
NII	8,84,400 shares	27,05,600 shares
RII	20,61,600 shares	27,05,600 shares
Employee	0 shares	0 shares
Others
Total	41,23,200 shares	54,11,200 shares

Bids Received (Subscription)

Essen Speciality Films IPO subscribed 71.03x in total, whereas Veefin Solutions IPO subscribed 2.46x.

	Essen Speciality Films IPO	Veefin Solutions IPO
QIB (times)	45.26x
NII (times)	112.21x	3.26x
Big NII (times)
Small NII (times)
RII (times)	68.07x	1.65x
Employee (times)
Other (times)
Total (times)	71.03x	2.46x

Compare with others

Essen Speciality Films IPO	Veefin Solutions IPO
Greenchef Appliances IPO	Alphalogic Industries IPO
Veefin Solutions IPO	Global Pet Industries IPO
Pentagon Rubber IPO	Tridhya Tech IPO
Kaka Industries IPO	Magson IPO
Aatmaj Healthcare IPO	Greenchef Appliances IPO
Vilin Bio Med IPO	Pentagon Rubber IPO
Cell Point (India) IPO	Kaka Industries IPO
Bizotic Commercial IPO	Aatmaj Healthcare IPO
Urban Enviro Waste Management IPO	Essen Speciality Films IPO
Cosmic CRF IPO	Vilin Bio Med IPO

Comments

Add a public comment...