Aasaan Loans IPO vs Vraj Iron and Steel IPO

Comparision between Aasaan Loans IPO and Vraj Iron and Steel IPO.

IPO Details

Aasaan Loans IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Vraj Iron and Steel IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Aasaan Loans IPO	Vraj Iron and Steel IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Gretex Corporate Services Limited	Aryaman Financial Services Limited
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL

Issue Size and Price

The total issue size of Aasaan Loans IPO is up to ₹132.00 Cr whereas the issue size of the Vraj Iron and Steel IPO is up to ₹171.00 Cr. The final issue price of Aasaan Loans IPO is ₹120.00 per share and of Vraj Iron and Steel IPO is ₹207.00 per share.

	Aasaan Loans IPO	Vraj Iron and Steel IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹114.00 per share	₹195.00 per share
Issue Price (Upper)	₹120.00 per share	₹207.00 per share
Issue Price (Final)	₹120.00 per share	₹207.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	125 shares	72 shares
Fresh Issue Size	1,10,00,000 shares	82,60,870 shares
Fresh Issue Size (Amount)	up to ₹132.00 Cr	up to ₹171.00 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	1,10,00,000 shares	82,60,870 shares
Issue Size Total (Amount)	up to ₹132.00 Cr	up to ₹171.00 Cr

IPO Timetable

Aasaan Loans IPO opens on Jun 19, 2024, while Vraj Iron and Steel IPO opens on Jun 26, 2024. The closing date of Aasaan Loans IPO and Vraj Iron and Steel IPO is Jun 21, 2024, and Jun 28, 2024, respectively.

	Aasaan Loans IPO	Vraj Iron and Steel IPO
Anchor Bid Date	Jun 18, 2024	Jun 25, 2024
Issue Open	Jun 19, 2024	Jun 26, 2024
Issue Close	Jun 21, 2024	Jun 28, 2024
Basis Of Allotment (Tentative)	Jun 24, 2024	Jul 01, 2024
Initiation of Refunds (Tentative)	Jun 25, 2024	Jul 02, 2024
Credit of Share (Tentative)	Jun 25, 2024	Jul 02, 2024
Listing date (Tentative)	Jun 26, 2024	Jul 03, 2024
Anchor Lockin End date 1	Jul 24, 2024	Jul 31, 2024
Anchor Lockin End date 2	Sep 22, 2024	Sep 29, 2024

Financials

Aasaan Loans IPO P/E ratio is , as compared to Vraj Iron and Steel IPO P/E ratio of 9.48.

Aasaan Loans IPO

Vraj Iron and Steel IPO

Financial

Akme Fintrade India Ltd Financial Information (Restated)

Akme Fintrade India Ltd's revenue increased by 3.06% and profit after tax (PAT) rose by 283.5% 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	417.96	390.50	374.01	455.40
Revenue	53.45	69.57	67.50	86.79
Profit After Tax	12.25	15.80	4.12	16.31
Net Worth	217.01	204.78	136.84	130.26
Reserves and Surplus	185.34	173.11	115.03	108.45
Total Borrowing	195.19	177.76	230.06	317.82
Amount in ₹ Crore

Vraj Iron and Steel Limited Financial Information (Restated Consolidated)

Vraj Iron and Steel Limited's revenue increased by 24.87% and profit after tax (PAT) rose by 88.12% 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	253.05	191.54	150.77	126.33
Revenue	304.81	517.42	414.38	290.93
Profit After Tax	44.58	54.00	28.70	10.99
Net Worth	187.50	140.92	87.14	57.79
Reserves and Surplus	162.78	135.97	82.19	52.85
Total Borrowing	49.30	22.98	42.51	45.78
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

56.01%

99.99%

Promoter Shareholding (Post-Issue)

P/E Ratio

9.48

Market Cap

₹682.74 Cr.

ROE

5.64%%

23.78%%

ROCE

25.34%%

Debt/Equity

2.49

0.27

EPS

₹3.87

₹21.84

RoNW

5.81%%

23.78%%

Shares Offered

In the Aasaan Loans IPO retail investors (RII) are offered 36,57,500 shares while in Vraj Iron and Steel IPO retail investors are offered 36,57,500 shares. Qualified institutional buyers (QIB) are offered 20,90,000 shares in Aasaan Loans IPO and 16,52,174 shares in Vraj Iron and Steel IPO.

	Aasaan Loans IPO	Vraj Iron and Steel IPO
Anchor Investor Reserveration	31,35,000 shares	24,78,259 shares
Market Maker Reserveration
QIB	20,90,000 shares	16,52,174 shares
NII	15,67,500 shares	12,39,130 shares
RII	36,57,500 shares	28,91,305 shares
Employee	5,50,000 shares	0 shares
Others
Total	78,65,000 shares	57,82,609 shares

Bids Received (Subscription)

Aasaan Loans IPO subscribed 54.49x in total, whereas Vraj Iron and Steel IPO subscribed 126.36x.

	Aasaan Loans IPO	Vraj Iron and Steel IPO
QIB (times)	28.12x	173.99x
NII (times)	129.98x	221.66x
Big NII (times)	121.56x	217.50x
Small NII (times)	146.83x	229.99x
RII (times)	44.58x	58.31x
Employee (times)	5.42x
Other (times)
Total (times)	54.49x	126.36x

Compare with others

Aasaan Loans IPO	Vraj Iron and Steel IPO
Bansal Wire IPO	Bansal Wire IPO
Emcure Pharma IPO	Emcure Pharma IPO
OLA Electric	OLA Electric
Vraj Iron and Steel IPO	Aasaan Loans IPO
Stanley Lifestyles IPO	Stanley Lifestyles IPO
DEE Piping Systems IPO	DEE Piping Systems IPO
ixigo IPO	ixigo IPO
Kronox Lab Sciences IPO	Kronox Lab Sciences IPO
Awfis Space Solutions IPO

Comments

Add a public comment...