Plada Infotech IPO vs Vishnusurya Projects IPO

Comparison between Plada Infotech IPO and Vishnusurya Projects IPO.

IPO Details

Plada Infotech IPO is a SME Fixed Price IPO proposed to list at NSE SME while Vishnusurya Projects IPO is a SME Fixed Price proposed to list at NSE SME.

Issue Size and Price

The total issue size of Plada Infotech IPO is up to ₹11.74 Cr whereas the issue size of the Vishnusurya Projects IPO is up to ₹47.46 Cr. The final issue price of Plada Infotech IPO is ₹48.00 per share and of Vishnusurya Projects IPO is ₹68.00 per share.

 Plada Infotech IPOVishnusurya Projects IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹48.00 per share₹68.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size3000 shares2000 shares
Fresh Issue Size24,45,000 shares69,80,000 shares
Fresh Issue Size (Amount)up to ₹11.74 Crup to ₹47.46 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total24,45,000 shares69,80,000 shares
Issue Size Total (Amount)up to ₹11.74 Crup to ₹47.46 Cr

IPO Timetable

Plada Infotech IPO opens on Sep 29, 2023, while Vishnusurya Projects IPO opens on Sep 29, 2023. The closing date of Plada Infotech IPO and Vishnusurya Projects IPO is Oct 05, 2023, and Oct 05, 2023, respectively.

 Plada Infotech IPOVishnusurya Projects IPO
Issue OpenSep 29, 2023Sep 29, 2023
Issue CloseOct 05, 2023Oct 05, 2023
Basis Of Allotment (Tentative)Oct 09, 2023Oct 09, 2023
Initiation of Refunds (Tentative)Oct 10, 2023Oct 10, 2023
Credit of Share (Tentative)Oct 11, 2023Oct 10, 2023
Listing date (Tentative)Oct 13, 2023Oct 10, 2023

Financials & KPIs

Plada Infotech IPO P/E ratio is 12.31, as compared to Vishnusurya Projects IPO P/E ratio of 2.69.

 Plada Infotech IPOVishnusurya Projects IPO
Financials

Company Financials (Restated Consolidated)

Period Ended31 Mar 202331 Mar 202231 Mar 202131 Mar 2020
Assets28.1127.2027.6027.11
Total Income62.7548.8744.6150.68
Profit After Tax2.341.100.671.20
NET Worth7.535.184.083.43
Reserves and Surplus5.534.984.073.42
Total Borrowing16.5417.7219.5319.90
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets121.05118.4995.95
Total Income133.2696.0463.39
Profit After Tax17.3721.592.29
NET Worth59.5241.5635.74
Reserves and Surplus50.4436.6030.78
Total Borrowing36.2534.8914.72
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)89.5%88.74%
Promoter Shareholding (Post-Issue)62.64%62.24%
P/E Ratio12.312.69
Market Cap₹41.16 Cr.₹167.35 Cr.
ROE3727.86
ROCE2131.22
Debt/Equity2.201.03
EPS₹3.90₹25.30
RoNW31.0727.86

Shares Offered

In the Plada Infotech IPO Retail Individual Investors (RII) are offered 12,22,500 shares while in Vishnusurya Projects IPO retail investors are offered 12,22,500 shares. Qualified Institutional Buyers (QIB) are offered in Plada Infotech IPO and in Vishnusurya Projects IPO.

 Plada Infotech IPOVishnusurya Projects IPO
Market Maker Reservation1,29,000 shares3,70,000 shares
NII12,22,500 shares34,90,000 shares
RII12,22,500 shares34,90,000 shares
Total24,45,000 shares69,80,000 shares

Bids Received (Subscription)

Plada Infotech IPO subscribed 56.79x in total, whereas Vishnusurya Projects IPO subscribed 39.97x.

 Plada Infotech IPOVishnusurya Projects IPO
NII (times)39.81x36.32x
RII (times)73.78x43.63x
Total (times)56.79x39.97x

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Plada Infotech IPO Vs Vishnusurya Projects IPO