Sheetal Universal IPO vs Vrundavan Plantation IPO

Comparision between Sheetal Universal IPO and Vrundavan Plantation IPO.

IPO Details

Sheetal Universal IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Vrundavan Plantation IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Sheetal Universal IPO	Vrundavan Plantation IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Beeline Capital Advisors Pvt Ltd	Interactive Financial Services Ltd
Registrar	Bigshare Services Pvt Ltd	Kfin Technologies Limited
Market Maker	Spread X Securities Private Limited	Nikunj Stock Brokers Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Sheetal Universal IPO is up to ₹23.80 Cr whereas the issue size of the Vrundavan Plantation IPO is up to ₹15.29 Cr. The final issue price of Sheetal Universal IPO is ₹70.00 per share and of Vrundavan Plantation IPO is ₹108.00 per share.

	Sheetal Universal IPO	Vrundavan Plantation IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹70.00 per share	₹108.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	1200 shares
Fresh Issue Size	34,00,000 shares	14,16,000 shares
Fresh Issue Size (Amount)	up to ₹23.80 Cr	up to ₹15.29 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	34,00,000 shares	14,16,000 shares
Issue Size Total (Amount)	up to ₹23.80 Cr	up to ₹15.29 Cr

IPO Timetable

Sheetal Universal IPO opens on Dec 04, 2023, while Vrundavan Plantation IPO opens on Oct 30, 2023. The closing date of Sheetal Universal IPO and Vrundavan Plantation IPO is Dec 06, 2023, and Nov 01, 2023, respectively.

	Sheetal Universal IPO	Vrundavan Plantation IPO
Anchor Bid Date		Oct 30, 2023
Issue Open	Dec 04, 2023	Oct 30, 2023
Issue Close	Dec 06, 2023	Nov 01, 2023
Basis Of Allotment (Tentative)	Dec 07, 2023	Nov 05, 2023
Initiation of Refunds (Tentative)	Dec 08, 2023	Nov 06, 2023
Credit of Share (Tentative)	Dec 08, 2023	Nov 06, 2023
Listing date (Tentative)	Dec 11, 2023	Nov 06, 2023
Anchor Lockin End date 1	Jan 06, 2024	Dec 05, 2023
Anchor Lockin End date 2	Mar 06, 2024	Feb 03, 2024

Financials

Sheetal Universal IPO P/E ratio is 27.34, as compared to Vrundavan Plantation IPO P/E ratio of 34.62.

Sheetal Universal IPO

Vrundavan Plantation IPO

Financial

Sheetal Universal Limited Financial Information (Restated Consolidated)

Sheetal Universal Limited's revenue increased by 230.49% and profit after tax (PAT) rose by 602.4% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Aug 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	4,370.03	2,804.02	1,602.82	1,272.15
Revenue	5,826.93	13,165.68	3,983.67	3,883.53
Profit After Tax	187.67	198.85	28.31	25.41
Net Worth	1,046.89	649.22	450.37	422.07
Reserves and Surplus	241.29	299.22	100.37	72.07
Total Borrowing	1,463.22	1,356.24	984.80	625.07
Amount in ₹ Lakhs

Vrundavan Plantation Limited Financial Information (Restated)

Period Ended	31 May 2023
Assets	2,321.67
Revenue	180.68
Profit After Tax	17.33
Net Worth	413.82
Reserves and Surplus	22.15
Total Borrowing	17.47
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

95%

85.29%

Promoter Shareholding (Post-Issue)

66.81%

62.65%

P/E Ratio

27.34

34.62

Market Cap

₹80.19 Cr.

₹57.59 Cr.

ROE

36.17%%

8.35%%

ROCE

21.59%%

6.71%%

Debt/Equity

2.09

0.47

EPS

₹2.56

₹0.52

RoNW

30.63%%

4.19%%

Shares Offered

In the Sheetal Universal IPO retail investors (RII) are offered 16,14,000 shares while in Vrundavan Plantation IPO retail investors are offered 16,14,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Sheetal Universal IPO and 0 shares in Vrundavan Plantation IPO.

	Sheetal Universal IPO	Vrundavan Plantation IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,72,000 shares	72,000 shares
QIB	0 shares	0 shares
NII	16,14,000 shares	6,72,000 shares
RII	16,14,000 shares	6,72,000 shares
Employee	0 shares	0 shares
Others
Total	32,28,000 shares	13,44,000 shares

Bids Received (Subscription)

Sheetal Universal IPO subscribed 179.20x in total, whereas Vrundavan Plantation IPO subscribed 18.57x.

	Sheetal Universal IPO	Vrundavan Plantation IPO
QIB (times)
NII (times)	212.55x	11.60x
Big NII (times)
Small NII (times)
RII (times)	129.73x	25.51x
Employee (times)
Other (times)
Total (times)	179.20x	18.57x

Compare with others

Sheetal Universal IPO	Vrundavan Plantation IPO
Rockingdeals Circular Economy IPO	Sunrest Lifescience IPO
Arrowhead Seperation Engineering IPO	Sheetal Universal IPO
Kalyani Cast Tech IPO	Baba Food Processing IPO
ROX Hi-Tech IPO	Micropro Software Solutions IPO
Sunrest Lifescience IPO	SAR Televenture IPO
Baba Food Processing IPO	Mish Designs IPO
Micropro Software Solutions IPO	KK Shah Hospitals IPO
SAR Televenture IPO	Transteel Seating Technologies IPO
Vrundavan Plantation IPO	Benchmark Computer Solutions IPO
Mish Designs IPO	Maitreya Medicare Limited IPO

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