Vinsys IT Services IPO vs Yudiz Solutions IPO

Comparision between Vinsys IT Services IPO and Yudiz Solutions IPO.

IPO Details

Vinsys IT Services IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Yudiz Solutions IPO is a SME Book Built Issue proposed to list at NSE SME.

	Vinsys IT Services IPO	Yudiz Solutions IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Beeline Capital Advisors Pvt Ltd	Narnolia Financial Services Ltd
Registrar	Link Intime India Private Ltd	Mas Services Limited
Market Maker	Sunflower Broking Private Limited	Kantilal Chhaganlal Securities Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Vinsys IT Services IPO is up to ₹49.84 Cr whereas the issue size of the Yudiz Solutions IPO is up to ₹44.84 Cr. The final issue price of Vinsys IT Services IPO is ₹128.00 per share and of Yudiz Solutions IPO is ₹165.00 per share.

	Vinsys IT Services IPO	Yudiz Solutions IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹121.00 per share	₹162.00 per share
Issue Price (Upper)	₹128.00 per share	₹165.00 per share
Issue Price (Final)	₹128.00 per share	₹165.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1000 shares	800 shares
Fresh Issue Size	38,94,000 shares	27,17,600 shares
Fresh Issue Size (Amount)	up to ₹49.84 Cr	up to ₹44.84 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	38,94,000 shares	27,17,600 shares
Issue Size Total (Amount)	up to ₹49.84 Cr	up to ₹44.84 Cr

IPO Timetable

Vinsys IT Services IPO opens on Aug 01, 2023, while Yudiz Solutions IPO opens on Aug 04, 2023. The closing date of Vinsys IT Services IPO and Yudiz Solutions IPO is Aug 04, 2023, and Aug 08, 2023, respectively.

	Vinsys IT Services IPO	Yudiz Solutions IPO
Anchor Bid Date	Jul 31, 2023	Aug 03, 2023
Issue Open	Aug 01, 2023	Aug 04, 2023
Issue Close	Aug 04, 2023	Aug 08, 2023
Basis Of Allotment (Tentative)	Aug 09, 2023	Aug 11, 2023
Initiation of Refunds (Tentative)	Aug 10, 2023	Aug 14, 2023
Credit of Share (Tentative)	Aug 11, 2023	Aug 17, 2023
Listing date (Tentative)	Aug 11, 2023	Aug 17, 2023
Anchor Lockin End date 1	Sep 08, 2023	Sep 10, 2023
Anchor Lockin End date 2	Nov 07, 2023	Nov 09, 2023

Financials

Vinsys IT Services IPO P/E ratio is 12.51, as compared to Yudiz Solutions IPO P/E ratio of 61.8.

Vinsys IT Services IPO

Yudiz Solutions IPO

Financial

Vinsys IT Services Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-21	2,739.97	2,041.04	34.78	773.51	673.51	1,427.08
31-Mar-22	3,493.16	3,202.69	-51.61	716.07	616.07	2,050.32
31-Mar-23	7,293.60	9,632.25	1,501.38	2,472.51	1,472.51	2,310.80
Amount in ₹ Lakhs

Yudiz Solutions IPO Financial Information (Restated Consolidated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	759.86	958.58	1,701.80
Revenue	1,305.41	1,881.55	2,744.75
Profit After Tax	80.76	74.07	275.17
Net Worth	539.99	669.03	1,089.21
Reserves and Surplus
Total Borrowing

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

92.74%

100.00%

Promoter Shareholding (Post-Issue)

68.13%

73.66%

P/E Ratio

12.51

61.8

Market Cap

₹187.88 Cr.

₹170.27 Cr.

ROE

94.17%%

25.26%%

ROCE

51.46%%

14.02%

Debt/Equity

0.93

EPS

₹15.01

₹7.47

RoNW

60.72%%

25.26%%

Shares Offered

In the Vinsys IT Services IPO retail investors (RII) are offered 12,95,000 shares while in Yudiz Solutions IPO retail investors are offered 12,95,000 shares. Qualified institutional buyers (QIB) are offered 7,40,000 shares in Vinsys IT Services IPO and 5,20,000 shares in Yudiz Solutions IPO.

	Vinsys IT Services IPO	Yudiz Solutions IPO
Anchor Investor Reserveration	11,08,000 shares	7,60,000 shares
Market Maker Reserveration	1,95,000 shares	1,36,800 shares
QIB	7,40,000 shares	5,20,000 shares
NII	5,56,000 shares	3,92,800 shares
RII	12,95,000 shares	9,08,000 shares
Employee	0 shares	0 shares
Others
Total	25,91,000 shares	18,20,800 shares

Bids Received (Subscription)

Vinsys IT Services IPO subscribed 89.00x in total, whereas Yudiz Solutions IPO subscribed 5.03x.

	Vinsys IT Services IPO	Yudiz Solutions IPO
QIB (times)	36.95x	2.81x
NII (times)	105.75x	4.77x
Big NII (times)
Small NII (times)
RII (times)	111.56x	6.41x
Employee (times)
Other (times)
Total (times)	89.00x	5.03x

Compare with others

Vinsys IT Services IPO	Yudiz Solutions IPO
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Srivari Spices and Foods IPO	Shri Techtex IPO
Asarfi Hospital IPO	Vinsys IT Services IPO

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