Kore Mobile IPO vs Virtuoso Optoelectronics IPO

Comparision between Kore Mobile IPO and Virtuoso Optoelectronics IPO.

IPO Details

Kore Mobile IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Virtuoso Optoelectronics IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Kore Mobile IPO	Virtuoso Optoelectronics 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	Fedex Securities Pvt Ltd
Registrar	Link Intime India Private 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 Kore Mobile IPO is up to ₹10.80 Cr whereas the issue size of the Virtuoso Optoelectronics IPO is up to ₹30.24 Cr. The final issue price of Kore Mobile IPO is ₹36.00 per share and of Virtuoso Optoelectronics IPO is ₹56.00 per share.

	Kore Mobile IPO	Virtuoso Optoelectronics IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹36.00 per share	₹56.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	2000 shares
Fresh Issue Size	30,00,000 shares	54,00,000 shares
Fresh Issue Size (Amount)	up to ₹10.80 Cr	up to ₹30.24 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	30,00,000 shares	54,00,000 shares
Issue Size Total (Amount)	up to ₹10.80 Cr	up to ₹30.24 Cr

IPO Timetable

Kore Mobile IPO opens on Aug 26, 2022, while Virtuoso Optoelectronics IPO opens on Sep 02, 2022. The closing date of Kore Mobile IPO and Virtuoso Optoelectronics IPO is Aug 30, 2022, and Sep 07, 2022, respectively.

	Kore Mobile IPO	Virtuoso Optoelectronics IPO
Anchor Bid Date
Issue Open	Aug 26, 2022	Sep 02, 2022
Issue Close	Aug 30, 2022	Sep 07, 2022
Basis Of Allotment (Tentative)	Sep 05, 2022	Sep 12, 2022
Initiation of Refunds (Tentative)	Sep 06, 2022	Sep 13, 2022
Credit of Share (Tentative)	Sep 07, 2022	Sep 14, 2022
Listing date (Tentative)	Sep 08, 2022	Sep 15, 2022
Anchor Lockin End date 1	Oct 05, 2022	Oct 12, 2022
Anchor Lockin End date 2	Dec 04, 2022	Dec 11, 2022

Financials

Kore Mobile IPO P/E ratio is 46, as compared to Virtuoso Optoelectronics IPO P/E ratio of 6.92.

Kore Mobile IPO

Virtuoso Optoelectronics IPO

Financial

Jay Jalaram Technologies Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-19	1704.75	9577.07	-6.34	23.71	2.71
31-Mar-20	2487.19	9523.41	2.56	26.27	5.27
31-Mar-21	2839.35	12225.3	29.35	55.62	34.62
31-Mar-22	3590.48	16555.85	87.17	1067.79	796.79
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)

73.04%

73.51%

P/E Ratio

6.92

Market Cap

₹40.07 Cr.

₹114.14 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Kore Mobile IPO retail investors (RII) are offered 14,25,000 shares while in Virtuoso Optoelectronics IPO retail investors are offered 14,25,000 shares. Qualified institutional buyers (QIB) are offered in Kore Mobile IPO and in Virtuoso Optoelectronics IPO.

	Kore Mobile IPO	Virtuoso Optoelectronics IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,50,000 shares	2,80,000 shares
QIB
NII	14,25,000 shares	25,60,000 shares
RII	14,25,000 shares	25,60,000 shares
Employee
Others
Total	28,50,000 shares	51,20,000 shares

Bids Received (Subscription)

Kore Mobile IPO subscribed 14.97x in total, whereas Virtuoso Optoelectronics IPO subscribed 96.91x.

	Kore Mobile IPO	Virtuoso Optoelectronics IPO
QIB (times)
NII (times)	18.56x	112.87x
Big NII (times)
Small NII (times)
RII (times)	11.38x	80.95x
Employee (times)
Other (times)
Total (times)	14.97x	96.91x

Compare with others

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

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