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ABS Marine Services IPO vs Varyaa Creations IPO

Comparision between ABS Marine Services IPO and Varyaa Creations IPO.

IPO Details

ABS Marine Services IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Varyaa Creations IPO is a SME Fixed Price Issue proposed to list at BSE SME.

  ABS Marine Services IPO Varyaa Creations IPO
Logo ABS Marine Services IPO Logo Varyaa Creations 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 GYR Capital Advisors Private Limited Inventure Merchant Banker Services Pvt Ltd
Registrar Purva Sharegistry India Pvt Ltd Bigshare Services Pvt Ltd
Market Maker Giriraj Stock Broking Private Limited Svcm Securities Private 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 ABS Marine Services IPO is up to ₹96.29 Cr whereas the issue size of the Varyaa Creations IPO is up to ₹20.10 Cr. The final issue price of ABS Marine Services IPO is ₹147.00 per share and of Varyaa Creations IPO is ₹150.00 per share.

  ABS Marine Services IPO Varyaa Creations IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹140.00 per share
Issue Price (Upper) ₹147.00 per share
Issue Price (Final) ₹147.00 per share ₹150.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 1000 shares 1000 shares
Fresh Issue Size 65,50,000 shares 13,40,000 shares
Fresh Issue Size (Amount) up to ₹96.29 Cr up to ₹20.10 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 65,50,000 shares 13,40,000 shares
Issue Size Total (Amount) up to ₹96.29 Cr up to ₹20.10 Cr

IPO Timetable

ABS Marine Services IPO opens on May 10, 2024, while Varyaa Creations IPO opens on Apr 22, 2024. The closing date of ABS Marine Services IPO and Varyaa Creations IPO is May 15, 2024, and Apr 25, 2024, respectively.

  ABS Marine Services IPO Varyaa Creations IPO
Anchor Bid Date May 09, 2024
Issue Open May 10, 2024 Apr 22, 2024
Issue Close May 15, 2024 Apr 25, 2024
Basis Of Allotment (Tentative) May 16, 2024 Apr 26, 2024
Initiation of Refunds (Tentative) May 17, 2024 Apr 29, 2024
Credit of Share (Tentative) May 17, 2024 Apr 29, 2024
Listing date (Tentative) May 21, 2024 Apr 30, 2024
Anchor Lockin End date 1 Jun 15, 2024
Anchor Lockin End date 2 Aug 14, 2024

Financials

ABS Marine Services IPO P/E ratio is 11.23, as compared to Varyaa Creations IPO P/E ratio of 65.56.

  ABS Marine Services IPO Varyaa Creations IPO
Financial

ABS Marine Services Limited Financial Information (Restated Consolidated)

ABS Marine Services Limited's revenue increased by 21.27% and profit after tax (PAT) rose by 147.22% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets18,480.9917,552.5016,663.28
Revenue13,801.8911,380.788,283.98
Profit After Tax2,355.41952.74809.43
Net Worth11,717.399,352.428,370.01
Reserves and Surplus9,917.399,351.428,369.01
Total Borrowing4,567.964,866.296,114.77
Amount in ₹ Lakhs

Varyaa Creations Limited Financial Information (Restated)

Varyaa Creations Limited's revenue increased by 112.55% and profit after tax (PAT) rose by 36.13% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets1,049.172,000.55143.78218.32
Revenue1,762.49538.03253.1312.05
Profit After Tax351.1178.9357.98-13.06
Net Worth410.5659.45-19.47-77.46
Reserves and Surplus65.5644.45-34.47-92.46
Total Borrowing44.81283.82
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 86.50% 100.00%
Promoter Shareholding (Post-Issue) 63.42% 72.02%
P/E Ratio 11.23 65.56
Market Cap ₹360.88 Cr. ₹71.85 Cr.
ROE 85.52%%
ROCE 18.67%% 114.57%%
Debt/Equity 0.39
EPS ₹13.09 ₹2.29
RoNW 20.10%% 85.52%%

Shares Offered

In the ABS Marine Services IPO retail investors (RII) are offered 21,49,000 shares while in Varyaa Creations IPO retail investors are offered 21,49,000 shares. Qualified institutional buyers (QIB) are offered 12,28,000 shares in ABS Marine Services IPO and 0 shares in Varyaa Creations IPO.

  ABS Marine Services IPO Varyaa Creations IPO
Anchor Investor Reserveration 18,41,000 shares
Market Maker Reserveration 4,10,000 shares 70,000 shares
QIB 12,28,000 shares 0 shares
NII 9,22,000 shares 6,35,000 shares
RII 21,49,000 shares 6,35,000 shares
Employee 0 shares 0 shares
Others
Total 42,99,000 shares 12,70,000 shares

Bids Received (Subscription)

ABS Marine Services IPO subscribed 144.44x in total, whereas Varyaa Creations IPO subscribed 3.59x.

  ABS Marine Services IPO Varyaa Creations IPO
QIB (times) 109.30x
NII (times) 270.94x 1.08x
Big NII (times)
Small NII (times)
RII (times) 110.24x 6.09x
Employee (times)
Other (times)
Total (times) 144.44x 3.59x

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