Plada Infotech Services IPO vs Vishnusurya Projects and Infra IPO

Comparision between Plada Infotech Services IPO and Vishnusurya Projects and Infra IPO.

IPO Details

Plada Infotech Services IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Vishnusurya Projects and Infra IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Plada Infotech Services IPO	Vishnusurya Projects and Infra IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	Indorient Financial Services Ltd	Khandwala Securities Limited
Registrar	Bigshare Services Pvt Ltd	Cameo Corporate Services Limited
Market Maker	Nikunj Stock Brokers Limited	Nikunj Stock Brokers Limited
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 Plada Infotech Services IPO is up to ₹12.36 Cr whereas the issue size of the Vishnusurya Projects and Infra IPO is up to ₹49.98 Cr. The final issue price of Plada Infotech Services IPO is ₹48.00 per share and of Vishnusurya Projects and Infra IPO is ₹68.00 per share.

	Plada Infotech Services IPO	Vishnusurya Projects and Infra IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹48.00 per share	₹68.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	2000 shares
Fresh Issue Size	25,74,000 shares	73,50,000 shares
Fresh Issue Size (Amount)	up to ₹12.36 Cr	up to ₹49.98 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	25,74,000 shares	73,50,000 shares
Issue Size Total (Amount)	up to ₹12.36 Cr	up to ₹49.98 Cr

IPO Timetable

Plada Infotech Services IPO opens on Sep 29, 2023, while Vishnusurya Projects and Infra IPO opens on Sep 29, 2023. The closing date of Plada Infotech Services IPO and Vishnusurya Projects and Infra IPO is Oct 05, 2023, and Oct 05, 2023, respectively.

	Plada Infotech Services IPO	Vishnusurya Projects and Infra IPO
Anchor Bid Date
Issue Open	Sep 29, 2023	Sep 29, 2023
Issue Close	Oct 05, 2023	Oct 05, 2023
Basis Of Allotment (Tentative)	Oct 09, 2023	Oct 09, 2023
Initiation of Refunds (Tentative)	Oct 10, 2023	Oct 10, 2023
Credit of Share (Tentative)	Oct 11, 2023	Oct 10, 2023
Listing date (Tentative)	Oct 13, 2023	Oct 10, 2023
Anchor Lockin End date 1	Nov 08, 2023	Nov 08, 2023
Anchor Lockin End date 2	Jan 07, 2024	Jan 07, 2024

Financials

Plada Infotech Services IPO P/E ratio is 12.31, as compared to Vishnusurya Projects and Infra IPO P/E ratio of 2.69.

Plada Infotech Services IPO

Vishnusurya Projects and Infra IPO

Financial

Plada Infotech Services IPO Financial Information (Restated Consolidated)
Period Ended	31 Mar 2020	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	2,711.29	2,760.03	2,720.30	2,811.09
Revenue	5,068.20	4,460.86	4,887.39	6,275.12
Profit After Tax	119.93	66.71	109.87	233.82
Net Worth	342.60	408.44	518.10	752.70
Reserves and Surplus	341.60	407.44	498.10	552.70
Total Borrowing	1,989.85	1,952.59	1,771.67	1,654.13

Amount in ₹ Lakhs

Vishnusurya Projects and Infra IPO Financial Information (Restated Consolidated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	9,594.72	11,849.39	12,105.28
Revenue	6,339.33	9,603.62	13,326.06
Profit After Tax	229.18	2,158.97	1,736.64
Net Worth	3,573.72	4,155.88	5,952.39
Reserves and Surplus	3,078.32	3,660.48	5,043.99
Total Borrowing	1,472.32	3,489.49	3,625.24

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

89.50%

88.74%

Promoter Shareholding (Post-Issue)

62.64%

62.24%

P/E Ratio

12.31

2.69

Market Cap

₹41.16 Cr.

₹167.35 Cr.

ROE

37%%

27.86%%

ROCE

21%%

31.22%%

Debt/Equity

2.2

1.03

EPS

₹3.90

₹25.30

RoNW

31.07%%

27.86%%

Shares Offered

In the Plada Infotech Services IPO retail investors (RII) are offered 12,22,500 shares while in Vishnusurya Projects and Infra IPO retail investors are offered 12,22,500 shares. Qualified institutional buyers (QIB) are offered 0 shares in Plada Infotech Services IPO and 0 shares in Vishnusurya Projects and Infra IPO.

	Plada Infotech Services IPO	Vishnusurya Projects and Infra IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,29,000 shares	3,70,000 shares
QIB	0 shares	0 shares
NII	12,22,500 shares	34,90,000 shares
RII	12,22,500 shares	34,90,000 shares
Employee	0 shares	0 shares
Others
Total	24,45,000 shares	69,80,000 shares

Bids Received (Subscription)

Plada Infotech Services IPO subscribed 57.85x in total, whereas Vishnusurya Projects and Infra IPO subscribed 44.11x.

	Plada Infotech Services IPO	Vishnusurya Projects and Infra IPO
QIB (times)
NII (times)	39.81x	36.32x
Big NII (times)
Small NII (times)
RII (times)	73.78x	43.63x
Employee (times)
Other (times)
Total (times)	57.85x	44.11x

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Vishnusurya Projects and Infra IPO	Arabian Petroleum IPO
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