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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 Transteel Seating Technologies IPO Logo 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 Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets10,062.188,347.063,609.102,538.33
Revenue3,133.395,961.432,806.742,287.74
Profit After Tax417.64909.36159.08-0.59
Net Worth2,860.862,444.11629.71470.63
Reserves and Surplus1,521.412,385.87605.91446.82
Total Borrowing3,853.152,691.101,326.75988.55
Amount in ₹ Lakhs

Vrundavan Plantation Limited Financial Information (Restated)

Period Ended31 May 2023
Assets2,321.67
Revenue180.68
Profit After Tax17.33
Net Worth413.82
Reserves and Surplus22.15
Total Borrowing17.47
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

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