DEE Piping Systems IPO vs Vraj Iron and Steel IPO

Comparision between DEE Piping Systems IPO and Vraj Iron and Steel IPO.

IPO Details

DEE Piping Systems 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.

	DEE Piping Systems 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	SBI Capital Markets Limited Equirus Capital Private Limited	Aryaman Financial Services Limited
Registrar	Link Intime India Private Ltd	Bigshare Services Pvt Ltd
Market Maker
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 DEE Piping Systems IPO is up to ₹418.01 Cr whereas the issue size of the Vraj Iron and Steel IPO is up to ₹171.00 Cr. The final issue price of DEE Piping Systems IPO is ₹203.00 per share and of Vraj Iron and Steel IPO is ₹207.00 per share.

	DEE Piping Systems IPO	Vraj Iron and Steel IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹193.00 per share	₹195.00 per share
Issue Price (Upper)	₹203.00 per share	₹207.00 per share
Issue Price (Final)	₹203.00 per share	₹207.00 per share
Discount (Retail)
Discount (Employee)	₹19.00 per share
Market Lot Size	73 shares	72 shares
Fresh Issue Size	1,60,09,852 shares	82,60,870 shares
Fresh Issue Size (Amount)	up to ₹325.00 Cr	up to ₹171.00 Cr
OFS Issue Size	45,82,000 shares
OFS Issue Size (Amount)	up to ₹93.01 Cr
Issue Size Total	2,05,91,852 shares	82,60,870 shares
Issue Size Total (Amount)	up to ₹418.01 Cr	up to ₹171.00 Cr

IPO Timetable

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

	DEE Piping Systems 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

DEE Piping Systems IPO P/E ratio is 83, as compared to Vraj Iron and Steel IPO P/E ratio of 9.48.

DEE Piping Systems IPO

Vraj Iron and Steel IPO

Financial

DEE Development Engineers Limited Financial Information (Restated Consolidated)

DEE Development Engineers Limited's revenue increased by 30.47% and profit after tax (PAT) rose by 58.25% 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	1,171.01	966.26	845.40	835.88
Revenue	557.86	614.32	470.84	513.03
Profit After Tax	14.34	12.97	8.20	14.21
Net Worth	428.19	413.70	401.37	448.50
Reserves and Surplus	380.23	408.17	395.85	432.81
Total Borrowing	407.14	352.62	285.36	257.17
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)

100.00%

99.99%

Promoter Shareholding (Post-Issue)

P/E Ratio

9.48

Market Cap

₹1401.69 Cr.

₹682.74 Cr.

ROE

23.78%%

ROCE

3.91%%

25.34%%

Debt/Equity

0.85

0.27

EPS

₹2.45

₹21.84

RoNW

3.35%%

23.78%%

Shares Offered

In the DEE Piping Systems IPO retail investors (RII) are offered 71,89,907 shares while in Vraj Iron and Steel IPO retail investors are offered 71,89,907 shares. Qualified institutional buyers (QIB) are offered 41,08,518 shares in DEE Piping Systems IPO and 16,52,174 shares in Vraj Iron and Steel IPO.

	DEE Piping Systems IPO	Vraj Iron and Steel IPO
Anchor Investor Reserveration	61,62,777 shares	24,78,259 shares
Market Maker Reserveration
QIB	41,08,518 shares	16,52,174 shares
NII	30,81,389 shares	12,39,130 shares
RII	71,89,907 shares	28,91,305 shares
Employee	0 shares	0 shares
Others
Total	1,43,79,814 shares	57,82,609 shares

Bids Received (Subscription)

DEE Piping Systems IPO subscribed 103.03x in total, whereas Vraj Iron and Steel IPO subscribed 126.36x.

	DEE Piping Systems IPO	Vraj Iron and Steel IPO
QIB (times)	206.54x	173.99x
NII (times)	149.38x	221.66x
Big NII (times)	165.71x	217.50x
Small NII (times)	116.73x	229.99x
RII (times)	23.66x	58.31x
Employee (times)
Other (times)
Total (times)	103.03x	126.36x

Compare with others

DEE Piping Systems IPO	Vraj Iron and Steel IPO
Emcure Pharma IPO	Akums Drugs and Pharmaceuticals IPO
OLA Electric IPO	Sanstar IPO
Vraj Iron and Steel IPO	Bansal Wire IPO
Aasaan Loans IPO	Emcure Pharma IPO
Stanley Lifestyles IPO	OLA Electric IPO
ixigo IPO	Aasaan Loans IPO
Kronox Lab Sciences IPO	Stanley Lifestyles IPO
Awfis Space Solutions IPO	DEE Piping Systems IPO
Go Digit IPO	ixigo IPO
Aadhar Housing Finance IPO	Kronox Lab Sciences IPO

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