SPP Polymers IPO vs Vision Infra Equipment Solutions IPO

Comparision between SPP Polymers IPO and Vision Infra Equipment Solutions IPO.

IPO Details

SPP Polymers IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Vision Infra Equipment Solutions IPO is a SME Book Built Issue proposed to list at NSE SME.

	SPP Polymers IPO	Vision Infra Equipment Solutions 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	Interactive Financial Services Ltd	Hem Securities Limited
Registrar	Kfin Technologies Limited	Link Intime India Private Ltd
Market Maker	B.N. Rathi Securities Limited	Hem Finlease Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		Anchor Investor
IPO Allotment URL		IPO Allotment URL

Issue Size and Price

The total issue size of SPP Polymers IPO is up to ₹24.49 Cr whereas the issue size of the Vision Infra Equipment Solutions IPO is up to ₹106.21 Cr. The final issue price of SPP Polymers IPO is ₹59.00 per share and of Vision Infra Equipment Solutions IPO is ₹163.00 per share.

	SPP Polymers IPO	Vision Infra Equipment Solutions IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹155.00 per share
Issue Price (Upper)		₹163.00 per share
Issue Price (Final)	₹59.00 per share	₹163.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	800 shares
Fresh Issue Size	41,50,000 shares	65,16,000 shares
Fresh Issue Size (Amount)	up to ₹24.49 Cr	up to ₹106.21 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	41,50,000 shares	65,16,000 shares
Issue Size Total (Amount)	up to ₹24.49 Cr	up to ₹106.21 Cr

IPO Timetable

SPP Polymers IPO opens on Sep 10, 2024, while Vision Infra Equipment Solutions IPO opens on Sep 06, 2024. The closing date of SPP Polymers IPO and Vision Infra Equipment Solutions IPO is Sep 12, 2024, and Sep 10, 2024, respectively.

	SPP Polymers IPO	Vision Infra Equipment Solutions IPO
Anchor Bid Date		Sep 05, 2024
Issue Open	Sep 10, 2024	Sep 06, 2024
Issue Close	Sep 12, 2024	Sep 10, 2024
Basis Of Allotment (Tentative)	Sep 13, 2024	Sep 11, 2024
Initiation of Refunds (Tentative)	Sep 16, 2024	Sep 12, 2024
Credit of Share (Tentative)	Sep 16, 2024	Sep 12, 2024
Listing date (Tentative)	Sep 17, 2024	Sep 13, 2024
Anchor Lockin End date 1		Oct 11, 2024
Anchor Lockin End date 2		Dec 10, 2024

Financials

SPP Polymers IPO P/E ratio is 66.72, as compared to Vision Infra Equipment Solutions IPO P/E ratio of 30.69.

SPP Polymers IPO

Vision Infra Equipment Solutions IPO

Financial

SPP Polimers Limited Financial Information (Restated Consolidated)

SPP Polimers Limited's revenue increased by 40% and profit after tax (PAT) rose by 83% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	30 Jun 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	7,619.39	7,091.89	5,417.98	3,821.87
Revenue	2,895.85	9,381.29	6,677.47	8,077.96
Profit After Tax	91.33	99.4	54.42	28.01
Net Worth	2,591.64	2,500.3	2,433.64	1,971.82
Reserves and Surplus	1,500.27	1,408.93	2,152.61	1,697.22
Total Borrowing	1,871.94	1,897.82	2,215.18	1,262.21
Amount in ₹ Lakhs

Vision Infra Equipment Solutions Limited Financial Information (Restated Consolidated)

Period Ended	31 Mar 2024
Assets	36,134
Revenue	34,965.58
Profit After Tax	2,668.89
Net Worth	2,346.31
Reserves and Surplus	616.31
Total Borrowing	26,427.66
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

94.99%

100.00%

Promoter Shareholding (Post-Issue)

69.37%

P/E Ratio

66.72

30.69

Market Cap

₹90.81 Cr.

₹388.20 Cr.

ROE

8.01%%

130.95%%

ROCE

4.27%%

28.29%%

Debt/Equity

0.71

11.26

EPS

₹0.88

₹5.31

RoNW

3.98%%

113.75%%

Shares Offered

In the SPP Polymers IPO retail investors (RII) are offered 19,70,000 shares while in Vision Infra Equipment Solutions IPO retail investors are offered 19,70,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in SPP Polymers IPO and 12,36,000 shares in Vision Infra Equipment Solutions IPO.

	SPP Polymers IPO	Vision Infra Equipment Solutions IPO
Anchor Investor Reserveration		18,53,600 shares
Market Maker Reserveration	2,10,000 shares	3,36,000 shares
QIB	0 shares	12,36,000 shares
NII	19,70,000 shares	9,27,200 shares
RII	19,70,000 shares	21,63,200 shares
Employee	0 shares	0 shares
Others
Total	39,40,000 shares	43,26,400 shares

Bids Received (Subscription)

SPP Polymers IPO subscribed 12.05x in total, whereas Vision Infra Equipment Solutions IPO subscribed 68.14x.

	SPP Polymers IPO	Vision Infra Equipment Solutions IPO
QIB (times)		60.94x
NII (times)	2.98x	180.39x
Big NII (times)
Small NII (times)
RII (times)	21.13x	24.14x
Employee (times)
Other (times)
Total (times)	12.05x	68.14x

Compare with others

SPP Polymers IPO	Vision Infra Equipment Solutions IPO
Deccan Transcon Leasing IPO	Innomet Advanced Materials IPO
Envirotech Systems IPO	SPP Polymers IPO
Trafiksol ITS Technologies IPO	Share Samadhan IPO
Gajanand International IPO	Shubhshree Biofuels Energy IPO
Innomet Advanced Materials IPO	Aditya Ultra Steel IPO
Share Samadhan IPO	Naturewings Holidays IPO
Shubhshree Biofuels Energy IPO	My Mudra Fincorp IPO
Aditya Ultra Steel IPO	Namo eWaste Management IPO
Vision Infra Equipment Solutions IPO	Mach Conferences and Events IPO
Naturewings Holidays IPO	Excellent Wires and Packaging IPO

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