Modis Navnirman IPO vs Veerkrupa Jewellers IPO

Comparision between Modis Navnirman IPO and Veerkrupa Jewellers IPO.

IPO Details

Modis Navnirman IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Veerkrupa Jewellers IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Modis Navnirman IPO	Veerkrupa Jewellers 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	Aryaman Financial Services Limited	First Overseas Capital Limited
Registrar	Bigshare Services Pvt Ltd	Kfin Technologies Limited
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 Modis Navnirman IPO is up to ₹22.68 Cr whereas the issue size of the Veerkrupa Jewellers IPO is up to ₹8.10 Cr. The final issue price of Modis Navnirman IPO is ₹180.00 per share and of Veerkrupa Jewellers IPO is ₹27.00 per share.

	Modis Navnirman IPO	Veerkrupa Jewellers IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹180.00 per share	₹27.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	800 shares	4000 shares
Fresh Issue Size	12,60,000 shares	30,00,000 shares
Fresh Issue Size (Amount)	up to ₹22.68 Cr	up to ₹8.10 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	12,60,000 shares	30,00,000 shares
Issue Size Total (Amount)	up to ₹22.68 Cr	up to ₹8.10 Cr

IPO Timetable

Modis Navnirman IPO opens on Jun 23, 2022, while Veerkrupa Jewellers IPO opens on Jun 29, 2022. The closing date of Modis Navnirman IPO and Veerkrupa Jewellers IPO is Jun 28, 2022, and Jul 08, 2022, respectively.

	Modis Navnirman IPO	Veerkrupa Jewellers IPO
Anchor Bid Date
Issue Open	Jun 23, 2022	Jun 29, 2022
Issue Close	Jun 28, 2022	Jul 08, 2022
Basis Of Allotment (Tentative)	Jul 01, 2022	Jul 08, 2022
Initiation of Refunds (Tentative)	Jul 04, 2022	Jul 11, 2022
Credit of Share (Tentative)	Jul 05, 2022	Jul 12, 2022
Listing date (Tentative)	Jul 06, 2022	Jul 18, 2022
Anchor Lockin End date 1	Jul 31, 2022	Aug 07, 2022
Anchor Lockin End date 2	Sep 29, 2022	Oct 06, 2022

Financials

Modis Navnirman IPO P/E ratio is 57.32, as compared to Veerkrupa Jewellers IPO P/E ratio of 75.

Modis Navnirman IPO

Veerkrupa Jewellers IPO

Financial

Modi's Navnirman Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax
31-Mar-20	998.48	2195.46	139.78
31-Mar-21	735.21	1322.34	37.83
31-Mar-22	3098.29	1151.07	132.7
Amount in ₹ Lakhs

Veerkrupa Jewellers Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Reserves and Surplus
31-Mar-19	335.48	165.32	8.27	8.27
31-Mar-20	520.46	1094.86	0.71	302.69
31-Mar-21	1034.77	463.28	1.07	303.76
31-Dec-21	1159.98	1002.64	21.4	325.16
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.98%

79.94%

Promoter Shareholding (Post-Issue)

70.20%

49.44%

P/E Ratio

57.32

Market Cap

₹76.14 Cr.

₹21.23 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Modis Navnirman IPO retail investors (RII) are offered 5,96,000 shares while in Veerkrupa Jewellers IPO retail investors are offered 5,96,000 shares. Qualified institutional buyers (QIB) are offered in Modis Navnirman IPO and in Veerkrupa Jewellers IPO.

	Modis Navnirman IPO	Veerkrupa Jewellers IPO
Anchor Investor Reserveration
Market Maker Reserveration	68,000 shares	1,52,000 shares
QIB
NII	5,96,000 shares	14,24,000 shares
RII	5,96,000 shares	14,24,000 shares
Employee
Others
Total	11,92,000 shares	28,48,000 shares

Bids Received (Subscription)

Modis Navnirman IPO subscribed 1.99x in total, whereas Veerkrupa Jewellers IPO subscribed 1.85x.

	Modis Navnirman IPO	Veerkrupa Jewellers IPO
QIB (times)
NII (times)	2.76x	1.04x
Big NII (times)
Small NII (times)
RII (times)	1.22x	2.67x
Employee (times)
Other (times)
Total (times)	1.99x	1.85x

Compare with others

Modis Navnirman IPO	Veerkrupa Jewellers IPO
Jayant Infratech IPO	Healthy Life Agritec IPO
SKP Bearing Industries IPO	Kesar India IPO
Veerkrupa Jewellers IPO	B Right Realestate IPO
Sailani Tours N Travels IPO	Jayant Infratech IPO
Mangalam Worldwide IPO	SKP Bearing Industries IPO
Pearl Green Clubs and Resorts IPO	Sailani Tours N Travels IPO
KCK Industries IPO	Mangalam Worldwide IPO
Goel Food Products IPO	Modis Navnirman IPO
Scarnose International IPO	Pearl Green Clubs and Resorts IPO
Silver Pearl Hospitality IPO	KCK Industries IPO

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