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Premier Roadlines IPO vs Veritaas Advertising IPO

Comparision between Premier Roadlines IPO and Veritaas Advertising IPO.

IPO Details

Premier Roadlines IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Veritaas Advertising IPO is a SME Book Built Issue proposed to list at NSE SME.

  Premier Roadlines IPO Veritaas Advertising IPO
Logo Premier Roadlines IPO Logo Veritaas Advertising IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Book Built Issue Book Built Issue
Listing At NSE SME NSE SME
Lead Managers Hem Securities Limited Horizon Management Private Limited
Registrar Maashitla Securities Private Limited Mas Services Limited
Market Maker Hem Finlease Private Limited Horizon Financial Consultants Pvt. Ltd.
DRHP DRHP DRHP
RHP RHP RHP
Anchor Investor Anchor Investor Anchor Investor
IPO Allotment URL IPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Premier Roadlines IPO is up to ₹40.36 Cr whereas the issue size of the Veritaas Advertising IPO is up to ₹8.48 Cr. The final issue price of Premier Roadlines IPO is ₹67.00 per share and of Veritaas Advertising IPO is ₹114.00 per share.

  Premier Roadlines IPO Veritaas Advertising IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹63.00 per share ₹109.00 per share
Issue Price (Upper) ₹67.00 per share ₹114.00 per share
Issue Price (Final) ₹67.00 per share ₹114.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 2000 shares 1200 shares
Fresh Issue Size 60,24,000 shares 7,44,000 shares
Fresh Issue Size (Amount) up to ₹40.36 Cr up to ₹8.48 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 60,24,000 shares 7,44,000 shares
Issue Size Total (Amount) up to ₹40.36 Cr up to ₹8.48 Cr

IPO Timetable

Premier Roadlines IPO opens on May 10, 2024, while Veritaas Advertising IPO opens on May 13, 2024. The closing date of Premier Roadlines IPO and Veritaas Advertising IPO is May 14, 2024, and May 15, 2024, respectively.

  Premier Roadlines IPO Veritaas Advertising IPO
Anchor Bid Date May 09, 2024 May 10, 2024
Issue Open May 10, 2024 May 13, 2024
Issue Close May 14, 2024 May 15, 2024
Basis Of Allotment (Tentative) May 15, 2024 May 16, 2024
Initiation of Refunds (Tentative) May 16, 2024 May 17, 2024
Credit of Share (Tentative) May 16, 2024 May 17, 2024
Listing date (Tentative) May 17, 2024 May 21, 2024
Anchor Lockin End date 1 Jun 14, 2024 Jun 15, 2024
Anchor Lockin End date 2 Aug 13, 2024 Aug 14, 2024

Financials

Premier Roadlines IPO P/E ratio is 15.7, as compared to Veritaas Advertising IPO P/E ratio of 54.

  Premier Roadlines IPO Veritaas Advertising IPO
Financial

Premier Roadlines Limited Financial Information (Restated Standalone)

Period Ended31 Jan 202431 Mar 202331 Mar 202231 Mar 2021
Assets8,699.127,410.765,144.624,578.82
Revenue17,420.7119,205.6013,868.819,415.78
Profit After Tax874.67718.50388.60155.39
Net Worth3,577.832,703.171,984.671,596.07
Reserves and Surplus1,893.982,550.091,831.591,442.99
Total Borrowing3,707.933,677.262,354.822,379.01
Amount in ₹ Lakhs

Veritaas Advertising Limited Financial Information (Restated)

Period Ended10 Feb 202431 Mar 202331 Mar 202231 Mar 2021
Assets926.51530.58269.00152.32
Revenue786.75786.75339.22234.21
Profit After Tax156.7943.8912.5819.72
Net Worth354.3989.6045.7125.13
Reserves and Surplus146.4980.6036.7124.13
Total Borrowing228.17134.0374.73
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 100.00% 88.74%
Promoter Shareholding (Post-Issue) 73.65% 88.74%
P/E Ratio 15.7 54
Market Cap ₹153.18 Cr. ₹32.18 Cr.
ROE 27.85%% 44.24%%
ROCE 20.05%% 39.65%%
Debt/Equity 1.04 0.64
EPS ₹4.27 ₹2.11
RoNW 24.45%% 44.23%%

Shares Offered

In the Premier Roadlines IPO retail investors (RII) are offered 20,04,000 shares while in Veritaas Advertising IPO retail investors are offered 20,04,000 shares. Qualified institutional buyers (QIB) are offered 11,44,000 shares in Premier Roadlines IPO and 1,77,600 shares in Veritaas Advertising IPO.

  Premier Roadlines IPO Veritaas Advertising IPO
Anchor Investor Reserveration 17,14,000 shares 1,74,000 shares
Market Maker Reserveration 3,04,000 shares 37,200 shares
QIB 11,44,000 shares 1,77,600 shares
NII 8,58,000 shares 1,06,800 shares
RII 20,04,000 shares 2,48,400 shares
Employee 0 shares 0 shares
Others
Total 40,06,000 shares 5,32,800 shares

Bids Received (Subscription)

Premier Roadlines IPO subscribed 117.57x in total, whereas Veritaas Advertising IPO subscribed 621.62x.

  Premier Roadlines IPO Veritaas Advertising IPO
QIB (times) 89.95x 102.41x
NII (times) 180.25x 629.56x
Big NII (times)
Small NII (times)
RII (times) 106.50x 989.44x
Employee (times)
Other (times)
Total (times) 117.57x 621.62x

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