Dipna Pharmachem IPO vs Virtuoso Optoelectronics IPO

Comparision between Dipna Pharmachem IPO and Virtuoso Optoelectronics IPO.

IPO Details

Dipna Pharmachem IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Virtuoso Optoelectronics IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Dipna Pharmachem IPO	Virtuoso Optoelectronics IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	BSE SME
Lead Managers	Interactive Financial Services Ltd	Fedex Securities Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Cameo Corporate Services Limited
Market Maker
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 Dipna Pharmachem IPO is up to ₹15.21 Cr whereas the issue size of the Virtuoso Optoelectronics IPO is up to ₹30.24 Cr. The final issue price of Dipna Pharmachem IPO is ₹38.00 per share and of Virtuoso Optoelectronics IPO is ₹56.00 per share.

	Dipna Pharmachem IPO	Virtuoso Optoelectronics IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹38.00 per share	₹56.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	2000 shares
Fresh Issue Size	40,02,000 shares	54,00,000 shares
Fresh Issue Size (Amount)	up to ₹15.21 Cr	up to ₹30.24 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	40,02,000 shares	54,00,000 shares
Issue Size Total (Amount)	up to ₹15.21 Cr	up to ₹30.24 Cr

IPO Timetable

Dipna Pharmachem IPO opens on Aug 25, 2022, while Virtuoso Optoelectronics IPO opens on Sep 02, 2022. The closing date of Dipna Pharmachem IPO and Virtuoso Optoelectronics IPO is Aug 30, 2022, and Sep 07, 2022, respectively.

	Dipna Pharmachem IPO	Virtuoso Optoelectronics IPO
Anchor Bid Date
Issue Open	Aug 25, 2022	Sep 02, 2022
Issue Close	Aug 30, 2022	Sep 07, 2022
Basis Of Allotment (Tentative)		Sep 12, 2022
Initiation of Refunds (Tentative)		Sep 13, 2022
Credit of Share (Tentative)		Sep 14, 2022
Listing date (Tentative)		Sep 15, 2022
Anchor Lockin End date 1		Oct 12, 2022
Anchor Lockin End date 2		Dec 11, 2022

Financials

Dipna Pharmachem IPO P/E ratio is 39, as compared to Virtuoso Optoelectronics IPO P/E ratio of 6.92.

Dipna Pharmachem IPO

Virtuoso Optoelectronics IPO

Financial

Dipna Pharmachem Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	1844.18	3054.85	5.9	54.75	51.25
31-Mar-21	2479.34	3101.54	2.42	57.17	53.67
31-Mar-22	3622.96	7276.58	116.69	173.86	170.36
Amount in ₹ Lakhs

Virtuoso Optoelectronics Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	5719.08	6839.34	140.89	1123.99	957.57
31-Mar-21	7989.63	11551.3	208.33	1332.32	1165.9
31-Mar-22	12555.51	20028.2	394.01	2126.34	628.08
30-Jun-22	13350.85	7399.61	412.34	2538.68	1040.43
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100%

Promoter Shareholding (Post-Issue)

66.56%

73.51%

P/E Ratio

6.92

Market Cap

₹45.49 Cr.

₹114.14 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Dipna Pharmachem IPO retail investors (RII) are offered 18,99,000 shares while in Virtuoso Optoelectronics IPO retail investors are offered 18,99,000 shares. Qualified institutional buyers (QIB) are offered in Dipna Pharmachem IPO and in Virtuoso Optoelectronics IPO.

	Dipna Pharmachem IPO	Virtuoso Optoelectronics IPO
Anchor Investor Reserveration
Market Maker Reserveration	2,04,000 shares	2,80,000 shares
QIB
NII	18,99,000 shares	25,60,000 shares
RII	18,99,000 shares	25,60,000 shares
Employee
Others
Total	37,98,000 shares	51,20,000 shares

Bids Received (Subscription)

Dipna Pharmachem IPO subscribed 2.77x in total, whereas Virtuoso Optoelectronics IPO subscribed 96.91x.

	Dipna Pharmachem IPO	Virtuoso Optoelectronics IPO
QIB (times)
NII (times)	0.78x	112.87x
Big NII (times)
Small NII (times)
RII (times)	4.75x	80.95x
Employee (times)
Other (times)
Total (times)	2.77x	96.91x

Compare with others

Dipna Pharmachem IPO	Virtuoso Optoelectronics IPO
Shantidoot Infra Services IPO	Ishan International IPO
Mega Flex Plastics IPO	Sabar Flex India IPO
Viviana Power Tech IPO	Shantidoot Infra Services IPO
Virtuoso Optoelectronics IPO	Mega Flex Plastics IPO
EP Biocomposites IPO	Viviana Power Tech IPO
Ameya Engineers IPO	EP Biocomposites IPO
Kore Mobile IPO	Dipna Pharmachem IPO
Naturo Indiabull IPO	Ameya Engineers IPO
Rhetan TMT IPO	Kore Mobile IPO
JFL Life Sciences IPO	Naturo Indiabull IPO

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