Neptune Logitek IPO vs Vegorama Punjabi Angithi IPO

Comparison between Neptune Logitek IPO and Vegorama Punjabi Angithi IPO.

IPO Details

Neptune Logitek IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Vegorama Punjabi Angithi IPO is a SME Bookbuilding proposed to list at BSE SME.

Issue Size and Price

The total issue size of Neptune Logitek IPO is up to ₹44.29 Cr whereas the issue size of the Vegorama Punjabi Angithi IPO is up to ₹36.44 Cr. The final issue price of Neptune Logitek IPO is ₹126.00 per share and of Vegorama Punjabi Angithi IPO is ₹77.00 per share.

 Neptune Logitek IPOVegorama Punjabi Angithi IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹73.00 per share
Issue Price (Upper)₹77.00 per share
Issue Price (Final)₹126.00 per share₹77.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size1000 shares1600 shares
Fresh Issue Size35,15,000 shares37,36,000 shares
Fresh Issue Size (Amount)up to ₹44.29 Crup to ₹28.77 Cr
OFS Issue Size0 shares9,96,800 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹7.68 Cr
Issue Size Total35,15,000 shares47,32,800 shares
Issue Size Total (Amount)up to ₹44.29 Crup to ₹36.44 Cr

IPO Timetable

Neptune Logitek IPO opens on Dec 15, 2025, while Vegorama Punjabi Angithi IPO opens on May 20, 2026. The closing date of Neptune Logitek IPO and Vegorama Punjabi Angithi IPO is Dec 17, 2025, and May 22, 2026, respectively.

 Neptune Logitek IPOVegorama Punjabi Angithi IPO
Anchor Bid DateMay 19, 2026
Issue OpenDec 15, 2025May 20, 2026
Issue CloseDec 17, 2025May 22, 2026
Basis Of Allotment (Tentative)Dec 18, 2025May 25, 2026
Initiation of Refunds (Tentative)Dec 19, 2025May 26, 2026
Credit of Share (Tentative)Dec 19, 2025May 26, 2026
Listing date (Tentative)Dec 22, 2025May 27, 2026
Anchor Lockin End date 1Jun 23, 2026
Anchor Lockin End date 2Aug 22, 2026

Financials & KPIs

Neptune Logitek IPO P/E ratio is 13.76, as compared to Vegorama Punjabi Angithi IPO P/E ratio of 11.82.

 Neptune Logitek IPOVegorama Punjabi Angithi IPO
Financials

Company Financials (Restated)

Period Ended31 Aug 202531 Mar 202531 Mar 202431 Mar 2023
Assets122.94119.2595.2474.51
Total Income105.52260.74175.76187.71
Profit After Tax4.029.160.00-0.18
EBITDA9.2621.389.745.55
NET Worth23.9719.9510.7910.79
Reserves and Surplus13.979.959.799.79
Total Borrowing56.4058.0062.4838.20
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Dec 202531 Mar 202531 Mar 202431 Mar 2023
Assets31.8124.7718.355.59
Total Income105.35102.0666.3716.91
Profit After Tax9.048.224.640.84
EBITDA12.4010.866.041.16
NET Worth23.3714.346.121.47
Reserves and Surplus10.7514.296.071.42
Total Borrowing3.625.054.000.23
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99.9999.41
Promoter Shareholding (Post-Issue)72.9969.51
P/E Ratio13.7611.82
Market Cap₹172.62 Cr.₹127.90 Cr.
ROE14.8980.39
ROCE21.2576.03
Debt/Equity2.91
EPS₹9.16₹6.51
RoNW45.8980.39

Shares Offered

In the Neptune Logitek IPO Retail Individual Investors (RII) are offered 17,57,500 shares while in Vegorama Punjabi Angithi IPO retail investors are offered 17,57,500 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Neptune Logitek IPO and 9,48,800 shares in Vegorama Punjabi Angithi IPO.

 Neptune Logitek IPOVegorama Punjabi Angithi IPO
Anchor Investor Reservation0 shares14,16,000 shares
Market Maker Reservation1,85,000 shares2,51,200 shares
QIB0 shares9,48,800 shares
NII17,57,500 shares7,10,400 shares
RII17,57,500 shares16,57,600 shares
Employee0 shares0 shares
Others
Total35,15,000 shares47,32,800 shares

Bids Received (Subscription)

Neptune Logitek IPO subscribed 1.61x in total, whereas Vegorama Punjabi Angithi IPO subscribed 24.63x.

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Neptune Logitek IPO Vs Vegorama Punjabi Angithi IPO