Transteel Seating Technologies IPO vs Vrundavan Plantation IPO

Comparision between Transteel Seating Technologies IPO and Vrundavan Plantation IPO.

IPO Details

Transteel Seating Technologies 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.

	Transteel Seating Technologies IPO	Vrundavan Plantation IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Gretex Corporate Services Limited Pantomath Capital Advisors Pvt Ltd	Interactive Financial Services Ltd
Registrar	Bigshare Services Pvt Ltd	Kfin Technologies Limited
Market Maker	Gretex Share Broking Private Limited	Nikunj Stock Brokers 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 Transteel Seating Technologies IPO is up to ₹49.98 Cr whereas the issue size of the Vrundavan Plantation IPO is up to ₹15.29 Cr. The final issue price of Transteel Seating Technologies IPO is ₹70.00 per share and of Vrundavan Plantation IPO is ₹108.00 per share.

	Transteel Seating Technologies IPO	Vrundavan Plantation IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹67.00 per share
Issue Price (Upper)	₹70.00 per share
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	67,84,000 shares	14,16,000 shares
Fresh Issue Size (Amount)	up to ₹47.49 Cr	up to ₹15.29 Cr
OFS Issue Size	3,56,000 shares
OFS Issue Size (Amount)	up to ₹2.49 Cr
Issue Size Total	71,40,000 shares	14,16,000 shares
Issue Size Total (Amount)	up to ₹49.98 Cr	up to ₹15.29 Cr

IPO Timetable

Transteel Seating Technologies IPO opens on Oct 30, 2023, while Vrundavan Plantation IPO opens on Oct 30, 2023. The closing date of Transteel Seating Technologies IPO and Vrundavan Plantation IPO is Nov 01, 2023, and Nov 01, 2023, respectively.

	Transteel Seating Technologies IPO	Vrundavan Plantation IPO
Anchor Bid Date	Oct 27, 2023	Oct 30, 2023
Issue Open	Oct 30, 2023	Oct 30, 2023
Issue Close	Nov 01, 2023	Nov 01, 2023
Basis Of Allotment (Tentative)	Nov 05, 2023	Nov 05, 2023
Initiation of Refunds (Tentative)	Nov 05, 2023	Nov 06, 2023
Credit of Share (Tentative)	Nov 05, 2023	Nov 06, 2023
Listing date (Tentative)	Nov 06, 2023	Nov 06, 2023
Anchor Lockin End date 1	Dec 05, 2023	Dec 05, 2023
Anchor Lockin End date 2	Feb 03, 2024	Feb 03, 2024

Financials

Transteel Seating Technologies IPO P/E ratio is 10.29, as compared to Vrundavan Plantation IPO P/E ratio of 34.62.

Transteel Seating Technologies IPO

Vrundavan Plantation IPO

Financial

Transteel Seating Technologies Limited Financial Information (Restated)

Transteel Seating Technologies Limited's revenue increased by 112.4% and profit after tax (PAT) rose by 471.64% 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	10,062.18	8,347.06	3,609.10	2,538.33
Revenue	3,133.39	5,961.43	2,806.74	2,287.74
Profit After Tax	417.64	909.36	159.08	-0.59
Net Worth	2,860.86	2,444.11	629.71	470.63
Reserves and Surplus	1,521.41	2,385.87	605.91	446.82
Total Borrowing	3,853.15	2,691.10	1,326.75	988.55
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)

83.75%

85.29%

Promoter Shareholding (Post-Issue)

53.83%

62.65%

P/E Ratio

10.29

34.62

Market Cap

₹141.25 Cr.

₹57.59 Cr.

ROE

37.21%%

8.35%%

ROCE

36.69%%

6.71%%

Debt/Equity

0.47

EPS

₹6.80

₹0.52

RoNW

37.21%%

4.19%%

Shares Offered

In the Transteel Seating Technologies IPO retail investors (RII) are offered 22,50,000 shares while in Vrundavan Plantation IPO retail investors are offered 22,50,000 shares. Qualified institutional buyers (QIB) are offered 13,50,000 shares in Transteel Seating Technologies IPO and 0 shares in Vrundavan Plantation IPO.

	Transteel Seating Technologies IPO	Vrundavan Plantation IPO
Anchor Investor Reserveration	18,60,000 shares
Market Maker Reserveration	7,14,000 shares	72,000 shares
QIB	13,50,000 shares	0 shares
NII	9,66,000 shares	6,72,000 shares
RII	22,50,000 shares	6,72,000 shares
Employee	0 shares	0 shares
Others
Total	45,66,000 shares	13,44,000 shares

Bids Received (Subscription)

Transteel Seating Technologies IPO subscribed 49.21x in total, whereas Vrundavan Plantation IPO subscribed 18.57x.

	Transteel Seating Technologies IPO	Vrundavan Plantation IPO
QIB (times)	12.15x
NII (times)	122.88x	11.60x
Big NII (times)
Small NII (times)
RII (times)	39.82x	25.51x
Employee (times)
Other (times)
Total (times)	49.21x	18.57x

Compare with others

Transteel Seating Technologies IPO	Vrundavan Plantation IPO
Micropro Software Solutions IPO	Sunrest Lifescience IPO
SAR Televenture IPO	Sheetal Universal IPO
Vrundavan Plantation IPO	Baba Food Processing IPO
Mish Designs IPO	Micropro Software Solutions IPO
KK Shah Hospitals IPO	SAR Televenture IPO
Benchmark Computer Solutions IPO	Mish Designs IPO
Maitreya Medicare Limited IPO	KK Shah Hospitals IPO
Shanthala FMCG Products IPO	Transteel Seating Technologies IPO
Paragon Fine And Speciality Chemicals IPO	Benchmark Computer Solutions IPO
On Door Concepts IPO	Maitreya Medicare Limited IPO

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