Magson IPO vs Veefin Solutions IPO

Comparision between Magson IPO and Veefin Solutions IPO.

IPO Details

Magson IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Veefin Solutions IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Magson IPO	Veefin Solutions 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	Isk Advisors Pvt Ltd	Shreni Shares Limited
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Sunflower Broking Private Limited	Shreni Shares Limited
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 Magson IPO is up to ₹13.74 Cr whereas the issue size of the Veefin Solutions IPO is up to ₹46.73 Cr. The final issue price of Magson IPO is ₹65.00 per share and of Veefin Solutions IPO is ₹82.00 per share.

	Magson IPO	Veefin Solutions IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹65.00 per share	₹82.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	1600 shares
Fresh Issue Size	21,14,000 shares	28,49,600 shares
Fresh Issue Size (Amount)	up to ₹13.74 Cr	up to ₹23.37 Cr
OFS Issue Size		28,49,600 shares
OFS Issue Size (Amount)		up to ₹23.37 Cr
Issue Size Total	21,14,000 shares	56,99,200 shares
Issue Size Total (Amount)	up to ₹13.74 Cr	up to ₹46.73 Cr

IPO Timetable

Magson IPO opens on Jun 23, 2023, while Veefin Solutions IPO opens on Jun 22, 2023. The closing date of Magson IPO and Veefin Solutions IPO is Jun 27, 2023, and Jun 26, 2023, respectively.

	Magson IPO	Veefin Solutions IPO
Anchor Bid Date
Issue Open	Jun 23, 2023	Jun 22, 2023
Issue Close	Jun 27, 2023	Jun 26, 2023
Basis Of Allotment (Tentative)	Jul 03, 2023	Jun 30, 2023
Initiation of Refunds (Tentative)	Jul 04, 2023	Jul 03, 2023
Credit of Share (Tentative)	Jul 05, 2023	Jul 04, 2023
Listing date (Tentative)	Jul 06, 2023	Jul 05, 2023
Anchor Lockin End date 1	Aug 02, 2023	Jul 30, 2023
Anchor Lockin End date 2	Oct 01, 2023	Sep 28, 2023

Financials

Magson IPO P/E ratio is 20.25, as compared to Veefin Solutions IPO P/E ratio of 41.41.

Magson IPO

Veefin Solutions IPO

Financial

Magson Retail And Distribution Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	833.45	3,241.22	166.31	169.04	168.04	354.00
31-Mar-21	1,283.84	5,358.92	181.75	350.80	349.80	386.60
31-Mar-22	1,494.69	5,566.77	223.36	574.06	573.06	344.72
31-Mar-23	1,999.87	6,301.49	251.88	926.25	352.65	321.95
Amount in ₹ Lakhs

Veefin Solutions Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-22	1,607.93	655.19	70.01	925.10	923.86	346.32
31-Jan-23	4,821.70	1,262.36	350.02	4,293.21	2,459.43	50.81
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

95.89%

56.26%

Promoter Shareholding (Post-Issue)

70.06%

39.84%

P/E Ratio

20.25

41.41

Market Cap

₹51.03 Cr.

₹173.74 Cr.

ROE

13.42%%

ROCE

11.32%%

Debt/Equity

0.35

0.01

EPS

₹4.96

₹0.48

RoNW

27.19%%

7.57%%

Shares Offered

In the Magson IPO retail investors (RII) are offered 10,04,000 shares while in Veefin Solutions IPO retail investors are offered 10,04,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Magson IPO and 0 shares in Veefin Solutions IPO.

	Magson IPO	Veefin Solutions IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,06,000 shares	2,88,000 shares
QIB	0 shares	0 shares
NII	10,04,000 shares	27,05,600 shares
RII	10,04,000 shares	27,05,600 shares
Employee	0 shares	0 shares
Others
Total	20,08,000 shares	54,11,200 shares

Bids Received (Subscription)

Magson IPO subscribed 6.74x in total, whereas Veefin Solutions IPO subscribed 2.46x.

	Magson IPO	Veefin Solutions IPO
QIB (times)
NII (times)	6.09x	3.26x
Big NII (times)
Small NII (times)
RII (times)	7.38x	1.65x
Employee (times)
Other (times)
Total (times)	6.74x	2.46x

Compare with others

Magson IPO	Veefin Solutions IPO
AccelerateBS India IPO	Alphalogic Industries IPO
Synoptics Technologies IPO	Global Pet Industries IPO
Alphalogic Industries IPO	Tridhya Tech IPO
Global Pet Industries IPO	Magson IPO
Tridhya Tech IPO	Greenchef Appliances IPO
Greenchef Appliances IPO	Pentagon Rubber IPO
Veefin Solutions IPO	Kaka Industries IPO
Pentagon Rubber IPO	Aatmaj Healthcare IPO
Kaka Industries IPO	Essen Speciality Films IPO
Aatmaj Healthcare IPO	Vilin Bio Med IPO

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