Newjaisa Technologies IPO vs Vishnusurya Projects and Infra IPO

Comparision between Newjaisa Technologies IPO and Vishnusurya Projects and Infra IPO.

IPO Details

Newjaisa Technologies IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Vishnusurya Projects and Infra IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Newjaisa Technologies IPO	Vishnusurya Projects and Infra IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	Indorient Financial Services Ltd	Khandwala Securities Limited
Registrar	Bigshare Services Pvt Ltd	Cameo Corporate Services Limited
Market Maker	Nikunj Stock Brokers Limited	Nikunj Stock Brokers 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 Newjaisa Technologies IPO is up to ₹39.93 Cr whereas the issue size of the Vishnusurya Projects and Infra IPO is up to ₹49.98 Cr. The final issue price of Newjaisa Technologies IPO is ₹47.00 per share and of Vishnusurya Projects and Infra IPO is ₹68.00 per share.

	Newjaisa Technologies IPO	Vishnusurya Projects and Infra IPO
Face Value	₹5 per share	₹10 per share
Issue Price (Lower)	₹44.00 per share
Issue Price (Upper)	₹47.00 per share
Issue Price (Final)	₹47.00 per share	₹68.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	2000 shares
Fresh Issue Size	84,96,000 shares	73,50,000 shares
Fresh Issue Size (Amount)	up to ₹39.93 Cr	up to ₹49.98 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	84,96,000 shares	73,50,000 shares
Issue Size Total (Amount)	up to ₹39.93 Cr	up to ₹49.98 Cr

IPO Timetable

Newjaisa Technologies IPO opens on Sep 25, 2023, while Vishnusurya Projects and Infra IPO opens on Sep 29, 2023. The closing date of Newjaisa Technologies IPO and Vishnusurya Projects and Infra IPO is Sep 27, 2023, and Oct 05, 2023, respectively.

	Newjaisa Technologies IPO	Vishnusurya Projects and Infra IPO
Anchor Bid Date	Sep 22, 2023
Issue Open	Sep 25, 2023	Sep 29, 2023
Issue Close	Sep 27, 2023	Oct 05, 2023
Basis Of Allotment (Tentative)	Oct 04, 2023	Oct 09, 2023
Initiation of Refunds (Tentative)	Oct 05, 2023	Oct 10, 2023
Credit of Share (Tentative)	Oct 06, 2023	Oct 10, 2023
Listing date (Tentative)	Oct 05, 2023	Oct 10, 2023
Anchor Lockin End date 1	Nov 03, 2023	Nov 08, 2023
Anchor Lockin End date 2	Jan 02, 2024	Jan 07, 2024

Financials

Newjaisa Technologies IPO P/E ratio is 15.51, as compared to Vishnusurya Projects and Infra IPO P/E ratio of 2.69.

Newjaisa Technologies IPO

Vishnusurya Projects and Infra IPO

Financial

Newjaisa Technologies IPO Financial Information (Restated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	337.99	559.15	2,208.70
Revenue	960.71	2,792.50	4,453.23
Profit After Tax	73.36	180.19	675.57
Net Worth	74.36	254.55	930.12
Reserves and Surplus	73.36	218.55	894.12
Total Borrowing	162.64	181.82	743.70

Amount in ₹ Lakhs

Vishnusurya Projects and Infra IPO Financial Information (Restated Consolidated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	9,594.72	11,849.39	12,105.28
Revenue	6,339.33	9,603.62	13,326.06
Profit After Tax	229.18	2,158.97	1,736.64
Net Worth	3,573.72	4,155.88	5,952.39
Reserves and Surplus	3,078.32	3,660.48	5,043.99
Total Borrowing	1,472.32	3,489.49	3,625.24

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

94.23%

88.74%

Promoter Shareholding (Post-Issue)

62.24%

P/E Ratio

15.51

2.69

Market Cap

₹151.26 Cr.

₹167.35 Cr.

ROE

72.63%%

27.86%%

ROCE

72.63%%

31.22%%

Debt/Equity

1.03

EPS

₹3.03

₹25.30

RoNW

72.63%%

27.86%%

Shares Offered

In the Newjaisa Technologies IPO retail investors (RII) are offered 28,26,000 shares while in Vishnusurya Projects and Infra IPO retail investors are offered 28,26,000 shares. Qualified institutional buyers (QIB) are offered 16,14,000 shares in Newjaisa Technologies IPO and 0 shares in Vishnusurya Projects and Infra IPO.

	Newjaisa Technologies IPO	Vishnusurya Projects and Infra IPO
Anchor Investor Reserveration	24,18,000 shares
Market Maker Reserveration	4,26,000 shares	3,70,000 shares
QIB	16,14,000 shares	0 shares
NII	12,12,000 shares	34,90,000 shares
RII	28,26,000 shares	34,90,000 shares
Employee	0 shares	0 shares
Others
Total	56,52,000 shares	69,80,000 shares

Bids Received (Subscription)

Newjaisa Technologies IPO subscribed 6.85x in total, whereas Vishnusurya Projects and Infra IPO subscribed 44.11x.

	Newjaisa Technologies IPO	Vishnusurya Projects and Infra IPO
QIB (times)	1.02x
NII (times)	15.34x	36.32x
Big NII (times)
Small NII (times)
RII (times)	6.54x	43.63x
Employee (times)
Other (times)
Total (times)	6.85x	44.11x

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