ixigo IPO vs Vraj Iron and Steel IPO

Comparision between ixigo IPO and Vraj Iron and Steel IPO.

IPO Details

ixigo 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.

	ixigo 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	Axis Capital Limited Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) Jm Financial 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 ixigo IPO is up to ₹740.10 Cr whereas the issue size of the Vraj Iron and Steel IPO is up to ₹171.00 Cr. The final issue price of ixigo IPO is ₹93.00 per share and of Vraj Iron and Steel IPO is ₹207.00 per share.

	ixigo IPO	Vraj Iron and Steel IPO
Face Value	₹1 per share	₹10 per share
Issue Price (Lower)	₹88.00 per share	₹195.00 per share
Issue Price (Upper)	₹93.00 per share	₹207.00 per share
Issue Price (Final)	₹93.00 per share	₹207.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	161 shares	72 shares
Fresh Issue Size	1,29,03,226 shares	82,60,870 shares
Fresh Issue Size (Amount)	up to ₹120.00 Cr	up to ₹171.00 Cr
OFS Issue Size	6,66,77,674 shares
OFS Issue Size (Amount)	up to ₹620.10 Cr
Issue Size Total	7,95,80,900 shares	82,60,870 shares
Issue Size Total (Amount)	up to ₹740.10 Cr	up to ₹171.00 Cr

IPO Timetable

ixigo IPO opens on Jun 10, 2024, while Vraj Iron and Steel IPO opens on Jun 26, 2024. The closing date of ixigo IPO and Vraj Iron and Steel IPO is Jun 12, 2024, and Jun 28, 2024, respectively.

	ixigo IPO	Vraj Iron and Steel IPO
Anchor Bid Date	Jun 07, 2024	Jun 25, 2024
Issue Open	Jun 10, 2024	Jun 26, 2024
Issue Close	Jun 12, 2024	Jun 28, 2024
Basis Of Allotment (Tentative)	Jun 13, 2024	Jul 01, 2024
Initiation of Refunds (Tentative)	Jun 14, 2024	Jul 02, 2024
Credit of Share (Tentative)	Jun 14, 2024	Jul 02, 2024
Listing date (Tentative)	Jun 18, 2024	Jul 03, 2024
Anchor Lockin End date 1	Jul 13, 2024	Jul 31, 2024
Anchor Lockin End date 2	Sep 11, 2024	Sep 29, 2024

Financials

ixigo IPO P/E ratio is 148.87, as compared to Vraj Iron and Steel IPO P/E ratio of 9.48.

ixigo IPO

Vraj Iron and Steel IPO

Financial

Le Travenues Technology Limited Financial Information (Restated Consolidated)

Le Travenues Technology Limited's revenue increased by 34.46% and profit after tax (PAT) rose by 210.91% 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	678.71	585.93	538.47	185.07
Revenue	497.10	517.57	384.94	138.41
Profit After Tax	65.71	23.40	-21.09	7.53
Net Worth	437.13	373.76	342.69	29.94
Reserves and Surplus	399.83	334.17	303.22	-212.60
Total Borrowing	43.36	0.54	2.73	14.94
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)

99.99%

Promoter Shareholding (Post-Issue)

P/E Ratio

148.87

9.48

Market Cap

₹3603.04 Cr.

₹682.74 Cr.

ROE

23.78%%

ROCE

25.34%%

Debt/Equity

0.27

EPS

₹0.62

₹21.84

RoNW

15.26%%

23.78%%

Shares Offered

In the ixigo IPO retail investors (RII) are offered 79,58,089 shares while in Vraj Iron and Steel IPO retail investors are offered 79,58,089 shares. Qualified institutional buyers (QIB) are offered 2,38,74,271 shares in ixigo IPO and 16,52,174 shares in Vraj Iron and Steel IPO.

	ixigo IPO	Vraj Iron and Steel IPO
Anchor Investor Reserveration	3,58,11,405 shares	24,78,259 shares
Market Maker Reserveration
QIB	2,38,74,271 shares	16,52,174 shares
NII	1,19,37,134 shares	12,39,130 shares
RII	79,58,089 shares	28,91,305 shares
Employee	0 shares	0 shares
Others
Total	4,37,69,494 shares	57,82,609 shares

Bids Received (Subscription)

ixigo IPO subscribed 98.10x in total, whereas Vraj Iron and Steel IPO subscribed 126.36x.

	ixigo IPO	Vraj Iron and Steel IPO
QIB (times)	106.73x	173.99x
NII (times)	110.25x	221.66x
Big NII (times)	117.40x	217.50x
Small NII (times)	95.95x	229.99x
RII (times)	53.95x	58.31x
Employee (times)
Other (times)
Total (times)	98.10x	126.36x

Compare with others

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

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