Silkflex Polymers IPO vs Veritaas Advertising IPO

Comparision between Silkflex Polymers IPO and Veritaas Advertising IPO.

IPO Details

Silkflex Polymers IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Veritaas Advertising IPO is a SME Book Built Issue proposed to list at NSE SME.

	Silkflex Polymers IPO	Veritaas Advertising IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Shreni Shares Limited	Horizon Management Private Limited
Registrar	Bigshare Services Pvt Ltd	Mas Services Limited
Market Maker	Shreni Shares Limited	Horizon Financial Consultants Pvt. Ltd.
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 Silkflex Polymers IPO is up to ₹18.11 Cr whereas the issue size of the Veritaas Advertising IPO is up to ₹8.48 Cr. The final issue price of Silkflex Polymers IPO is ₹52.00 per share and of Veritaas Advertising IPO is ₹114.00 per share.

	Silkflex Polymers IPO	Veritaas Advertising IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹109.00 per share
Issue Price (Upper)		₹114.00 per share
Issue Price (Final)	₹52.00 per share	₹114.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	1200 shares
Fresh Issue Size	34,82,000 shares	7,44,000 shares
Fresh Issue Size (Amount)	up to ₹18.11 Cr	up to ₹8.48 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	34,82,000 shares	7,44,000 shares
Issue Size Total (Amount)	up to ₹18.11 Cr	up to ₹8.48 Cr

IPO Timetable

Silkflex Polymers IPO opens on May 07, 2024, while Veritaas Advertising IPO opens on May 13, 2024. The closing date of Silkflex Polymers IPO and Veritaas Advertising IPO is May 10, 2024, and May 15, 2024, respectively.

	Silkflex Polymers IPO	Veritaas Advertising IPO
Anchor Bid Date		May 10, 2024
Issue Open	May 07, 2024	May 13, 2024
Issue Close	May 10, 2024	May 15, 2024
Basis Of Allotment (Tentative)	May 13, 2024	May 16, 2024
Initiation of Refunds (Tentative)	May 14, 2024	May 17, 2024
Credit of Share (Tentative)	May 14, 2024	May 17, 2024
Listing date (Tentative)	May 15, 2024	May 21, 2024
Anchor Lockin End date 1		Jun 15, 2024
Anchor Lockin End date 2		Aug 14, 2024

Financials

Silkflex Polymers IPO P/E ratio is 53.76, as compared to Veritaas Advertising IPO P/E ratio of 54.

Silkflex Polymers IPO

Veritaas Advertising IPO

Financial

Silkflex Polymers (India) Limited Financial Information (Restated)

Silkflex Polymers (India) Limited's revenue increased by 22.74% and profit after tax (PAT) rose by 14.58% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	3,446.35	2,374.73	1,968.81	1,314.06
Revenue	3,381.55	3,442.25	2,804.52	2,096.07
Profit After Tax	256.66	78.59	68.59	45.35
Net Worth	1,073.28	816.62	738.03	513.51
Reserves and Surplus	260.78	566.62	488.03	308.06
Total Borrowing	1,716.18	1,208.31	994.50	612.81
Amount in ₹ Lakhs

Veritaas Advertising Limited Financial Information (Restated)

Period Ended	10 Feb 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	926.51	530.58	269.00	152.32
Revenue	786.75	786.75	339.22	234.21
Profit After Tax	156.79	43.89	12.58	19.72
Net Worth	354.39	89.60	45.71	25.13
Reserves and Surplus	146.49	80.60	36.71	24.13
Total Borrowing	228.17	134.03	74.73
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.84%

88.74%

Promoter Shareholding (Post-Issue)

69.89%

88.74%

P/E Ratio

53.76

Market Cap

₹60.36 Cr.

₹32.18 Cr.

ROE

23.91%%

44.24%%

ROCE

41.04%%

39.65%%

Debt/Equity

1.6

0.64

EPS

₹0.97

₹2.11

RoNW

23.91%%

44.23%%

Shares Offered

In the Silkflex Polymers IPO retail investors (RII) are offered 16,52,000 shares while in Veritaas Advertising IPO retail investors are offered 16,52,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Silkflex Polymers IPO and 1,77,600 shares in Veritaas Advertising IPO.

	Silkflex Polymers IPO	Veritaas Advertising IPO
Anchor Investor Reserveration		1,74,000 shares
Market Maker Reserveration	1,78,000 shares	37,200 shares
QIB	0 shares	1,77,600 shares
NII	16,52,000 shares	1,06,800 shares
RII	16,52,000 shares	2,48,400 shares
Employee	0 shares	0 shares
Others
Total	33,04,000 shares	5,32,800 shares

Bids Received (Subscription)

Silkflex Polymers IPO subscribed 39.30x in total, whereas Veritaas Advertising IPO subscribed 621.62x.

	Silkflex Polymers IPO	Veritaas Advertising IPO
QIB (times)		102.41x
NII (times)	36.59x	629.56x
Big NII (times)
Small NII (times)
RII (times)	35.97x	989.44x
Employee (times)
Other (times)
Total (times)	39.30x	621.62x

Compare with others

Silkflex Polymers IPO	Veritaas Advertising IPO
Piotex Industries IPO	Vilas Transcore IPO
Veritaas Advertising IPO	Hariom Atta & Spices IPO
Indian Emulsifier IPO	Rulka Electricals IPO
Aztec Fluids & Machinery IPO	Quest Laboratories IPO
Premier Roadlines IPO	Piotex Industries IPO
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TGIF Agribusiness IPO	Aztec Fluids & Machinery IPO
Refractory Shapes IPO	Premier Roadlines IPO
Winsol Engineers IPO	Silkflex Polymers IPO
Slone Infosystems IPO	Energy Mission Machineries IPO

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