Kaka Industries IPO vs Veefin Solutions IPO

Comparision between Kaka Industries IPO and Veefin Solutions IPO.

IPO Details

Kaka Industries IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Veefin Solutions IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Kaka Industries IPO	Veefin Solutions IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	BSE SME	BSE SME
Lead Managers	Hem Securities Limited	Shreni Shares Limited
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Hem Finlease Private Limited	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 Kaka Industries IPO is up to ₹21.23 Cr whereas the issue size of the Veefin Solutions IPO is up to ₹46.73 Cr. The final issue price of Kaka Industries IPO is ₹58.00 per share and of Veefin Solutions IPO is ₹82.00 per share.

	Kaka Industries IPO	Veefin Solutions IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹55.00 per share
Issue Price (Upper)	₹58.00 per share
Issue Price (Final)	₹58.00 per share	₹82.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	1600 shares
Fresh Issue Size	36,60,000 shares	28,49,600 shares
Fresh Issue Size (Amount)	up to ₹21.23 Cr	up to ₹23.37 Cr
OFS Issue Size		28,49,600 shares
OFS Issue Size (Amount)		up to ₹23.37 Cr
Issue Size Total	36,60,000 shares	56,99,200 shares
Issue Size Total (Amount)	up to ₹21.23 Cr	up to ₹46.73 Cr

IPO Timetable

Kaka Industries IPO opens on Jul 10, 2023, while Veefin Solutions IPO opens on Jun 22, 2023. The closing date of Kaka Industries IPO and Veefin Solutions IPO is Jul 12, 2023, and Jun 26, 2023, respectively.

	Kaka Industries IPO	Veefin Solutions IPO
Anchor Bid Date
Issue Open	Jul 10, 2023	Jun 22, 2023
Issue Close	Jul 12, 2023	Jun 26, 2023
Basis Of Allotment (Tentative)	Jul 17, 2023	Jun 30, 2023
Initiation of Refunds (Tentative)	Jul 18, 2023	Jul 03, 2023
Credit of Share (Tentative)	Jul 19, 2023	Jul 04, 2023
Listing date (Tentative)	Jul 19, 2023	Jul 05, 2023
Anchor Lockin End date 1	Aug 16, 2023	Jul 30, 2023
Anchor Lockin End date 2	Oct 15, 2023	Sep 28, 2023

Financials

Kaka Industries IPO P/E ratio is 11.03, as compared to Veefin Solutions IPO P/E ratio of 41.41.

Kaka Industries IPO

Veefin Solutions IPO

Financial

Kaka Industries Limited Financial Information (Restated Standalone)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	2,190.68	4,148.74	141.14	142.14	141.14	830.50
31-Mar-21	3,568.02	7,879.00	302.51	743.65	493.65	1,999.00
31-Mar-22	4,614.76	11,709.98	497.66	1,241.31	991.31	2,735.55
31-Mar-23	6,767.00	15,887.70	718.50	1,956.88	956.88	4,013.66
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)

95.32%

56.26%

Promoter Shareholding (Post-Issue)

69.78%

39.84%

P/E Ratio

11.03

41.41

Market Cap

₹79.23 Cr.

₹173.74 Cr.

ROE

44.93%%

13.42%%

ROCE

20.83%%

11.32%%

Debt/Equity

2.05

0.01

EPS

₹7.19

₹0.48

RoNW

36.72%%

7.57%%

Shares Offered

In the Kaka Industries IPO retail investors (RII) are offered 12,14,000 shares while in Veefin Solutions IPO retail investors are offered 12,14,000 shares. Qualified institutional buyers (QIB) are offered 6,94,000 shares in Kaka Industries IPO and 0 shares in Veefin Solutions IPO.

	Kaka Industries IPO	Veefin Solutions IPO
Anchor Investor Reserveration	10,38,000 shares
Market Maker Reserveration	1,92,000 shares	2,88,000 shares
QIB	6,94,000 shares	0 shares
NII	5,22,000 shares	27,05,600 shares
RII	12,14,000 shares	27,05,600 shares
Employee	0 shares	0 shares
Others
Total	24,30,000 shares	54,11,200 shares

Bids Received (Subscription)

Kaka Industries IPO subscribed 292.66x in total, whereas Veefin Solutions IPO subscribed 2.46x.

	Kaka Industries IPO	Veefin Solutions IPO
QIB (times)	72.13x
NII (times)	431.85x	3.26x
Big NII (times)
Small NII (times)
RII (times)	358.88x	1.65x
Employee (times)
Other (times)
Total (times)	292.66x	2.46x

Compare with others

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

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