Omfurn India FPO vs Vruddhi Engineering Works IPO

Comparision between Omfurn India FPO and Vruddhi Engineering Works IPO.

IPO Details

Omfurn India FPO is a SME Book Built Issue IPO proposed to list at NSE SME while Vruddhi Engineering Works IPO is a SME Book Built Issue proposed to list at BSE SME.

	Omfurn India FPO	Vruddhi Engineering Works IPO
Logo
Issue Category	SME	SME
Issue Type	FPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	BSE SME
Lead Managers	Gretex Corporate Services Limited	Fedex Securities�Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Gretex Share Broking Private Limited	Rikhav Securities Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Omfurn India FPO is up to ₹27.00 Cr whereas the issue size of the Vruddhi Engineering Works IPO is up to ₹4.76 Cr. The final issue price of Omfurn India FPO is ₹75.00 per share and of Vruddhi Engineering Works IPO is ₹70.00 per share.

	Omfurn India FPO	Vruddhi Engineering Works IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹71.00 per share	₹66.00 per share
Issue Price (Upper)	₹75.00 per share	₹70.00 per share
Issue Price (Final)	₹75.00 per share	₹70.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2400 shares	2000 shares
Fresh Issue Size	36,00,000 shares	6,80,000 shares
Fresh Issue Size (Amount)	up to ₹27.00 Cr	up to ₹4.76 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	36,00,000 shares	6,80,000 shares
Issue Size Total (Amount)	up to ₹27.00 Cr	up to ₹4.76 Cr

IPO Timetable

Omfurn India FPO opens on Mar 20, 2024, while Vruddhi Engineering Works IPO opens on Mar 26, 2024. The closing date of Omfurn India FPO and Vruddhi Engineering Works IPO is Mar 22, 2024, and Mar 28, 2024, respectively.

	Omfurn India FPO	Vruddhi Engineering Works IPO
Anchor Bid Date	Mar 19, 2024
Issue Open	Mar 20, 2024	Mar 26, 2024
Issue Close	Mar 22, 2024	Mar 28, 2024
Basis Of Allotment (Tentative)	Mar 26, 2024	Apr 01, 2024
Initiation of Refunds (Tentative)	Mar 27, 2024	Apr 02, 2024
Credit of Share (Tentative)	Mar 27, 2024	Apr 02, 2024
Listing date (Tentative)	Mar 28, 2024	Apr 03, 2024
Anchor Lockin End date 1	Apr 25, 2024
Anchor Lockin End date 2	Jun 24, 2024

Financials

Omfurn India FPO P/E ratio is 14.78, as compared to Vruddhi Engineering Works IPO P/E ratio of 17.13.

Omfurn India FPO

Vruddhi Engineering Works IPO

Financial

Omfurn India Limited FPO Financial Information (Restated)

Omfurn India Limited FPO's revenue increased by 120.08% and profit after tax (PAT) rose by 593.65% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	6,825.97	5,716.59	4,766.30	4,665.35
Revenue	4,474.78	7,108.10	3,229.79	2,184.54
Profit After Tax	289.16	414.87	59.81	-99.41
Net Worth	2,862.95	2,573.79	2,158.92	2,099.11
Reserves and Surplus	2,181.75	1,892.59	1,477.72	1,417.91
Total Borrowing	1,890.41	1,138.10	1,595.16	1,585.99
Amount in ₹ Lakhs

Vruddhi Engineering Works Limited Financial Information (Restated)

Vruddhi Engineering Works Limited's revenue increased by 493.53% and profit after tax (PAT) rose by 697.99% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	808.58	782.33	100.14	3.02
Revenue	935.36	1,309.62	220.65	0.44
Profit After Tax	41.01	75.33	9.44	-0.88
Net Worth	253.13	212.12	9.56	0.12
Reserves and Surplus	68.77	118.55	8.56	-0.88
Total Borrowing	301.91	323.37	47.49	2.22
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

73.40%

96.34%

Promoter Shareholding (Post-Issue)

50.96%

P/E Ratio

14.78

17.13

Market Cap

₹88.31 Cr.

₹17.67 Cr.

ROE

10.10%%

16.20%%

ROCE

10.28%%

15.53%%

Debt/Equity

1.19

EPS

₹5.08

₹4.09

RoNW

10.10%%

16.20%%

Shares Offered

In the Omfurn India FPO retail investors (RII) are offered 11,97,600 shares while in Vruddhi Engineering Works IPO retail investors are offered 11,97,600 shares. Qualified institutional buyers (QIB) are offered 11,73,600 shares in Omfurn India FPO and 3,20,000 shares in Vruddhi Engineering Works IPO.

	Omfurn India FPO	Vruddhi Engineering Works IPO
Anchor Investor Reserveration	5,35,200 shares
Market Maker Reserveration	1,80,000 shares	36,000 shares
QIB	11,73,600 shares	3,20,000 shares
NII	5,13,600 shares	98,000 shares
RII	11,97,600 shares	2,26,000 shares
Employee	0 shares	0 shares
Others
Total	28,84,800 shares

Bids Received (Subscription)

Omfurn India FPO subscribed 3.57x in total, whereas Vruddhi Engineering Works IPO subscribed 12.67x.

	Omfurn India FPO	Vruddhi Engineering Works IPO
QIB (times)	1.00x	1.05x
NII (times)	3.02x	28.14x
Big NII (times)
Small NII (times)
RII (times)	6.33x	20.10x
Employee (times)
Other (times)
Total (times)	3.57x	12.67x

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