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Proventus Agrocom IPO vs Vasa Denticity IPO

Comparision between Proventus Agrocom IPO and Vasa Denticity IPO.

IPO Details

Proventus Agrocom IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Vasa Denticity IPO is a SME Book Built Issue proposed to list at NSE SME.

  Proventus Agrocom IPO Vasa Denticity IPO
Logo Proventus Agrocom IPO Logo Vasa Denticity IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Book Built Issue
Listing At NSE SME NSE SME
Lead Managers Sundae Capital Advisors Hem Securities Limited
Registrar Bigshare Services Pvt Ltd Mas Services Limited
Market Maker Ajcon Global Services Limited Hem Finlease Private 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 Proventus Agrocom IPO is up to ₹69.54 Cr whereas the issue size of the Vasa Denticity IPO is up to ₹54.07 Cr. The final issue price of Proventus Agrocom IPO is ₹771.00 per share and of Vasa Denticity IPO is ₹128.00 per share.

  Proventus Agrocom IPO Vasa Denticity IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹121.00 per share
Issue Price (Upper) ₹128.00 per share
Issue Price (Final) ₹771.00 per share ₹128.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 160 shares 1000 shares
Fresh Issue Size 6,71,773 shares 31,74,000 shares
Fresh Issue Size (Amount) up to ₹51.79 Cr up to ₹40.63 Cr
OFS Issue Size 2,30,147 shares 10,50,000 shares
OFS Issue Size (Amount) up to ₹17.74 Cr up to ₹13.44 Cr
Issue Size Total 9,01,920 shares 42,24,000 shares
Issue Size Total (Amount) up to ₹69.54 Cr up to ₹54.07 Cr

IPO Timetable

Proventus Agrocom IPO opens on May 24, 2023, while Vasa Denticity IPO opens on May 23, 2023. The closing date of Proventus Agrocom IPO and Vasa Denticity IPO is May 26, 2023, and May 25, 2023, respectively.

  Proventus Agrocom IPO Vasa Denticity IPO
Anchor Bid Date
Issue Open May 24, 2023 May 23, 2023
Issue Close May 26, 2023 May 25, 2023
Basis Of Allotment (Tentative) May 31, 2023 May 30, 2023
Initiation of Refunds (Tentative) Jun 01, 2023 May 31, 2023
Credit of Share (Tentative) Jun 02, 2023 Jun 01, 2023
Listing date (Tentative) Jun 05, 2023 Jun 02, 2023
Anchor Lockin End date 1 Jun 30, 2023 Jun 29, 2023
Anchor Lockin End date 2 Aug 29, 2023 Aug 28, 2023

Financials

Proventus Agrocom IPO P/E ratio is 186.23, as compared to Vasa Denticity IPO P/E ratio of 30.62.

  Proventus Agrocom IPO Vasa Denticity IPO
Financial
Proventus Agrochem Limited Financial Information (Restated Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-208,936.9490,089.01-2,190.465,663.584,731.011,728.54
31-Mar-218,843.3630,173.92187.905,844.504,911.922,940.72
31-Mar-2210,131.1340,434.57114.035,966.755,034.173,444.05
31-Dec-229,735.3731,909.63189.826,167.315,234.743,061.13
Amount in ₹ Lakhs
Vasa Denticity Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20481.783,045.139.4427.207.2064.57
31-Mar-21691.054,017.7232.5859.7839.78197.24
31-Mar-221,945.917,714.08540.98600.76580.76326.29
31-Dec-222,695.188,757.11501.901,102.661,082.66266.31
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 92.29% 95.00%
Promoter Shareholding (Post-Issue) 70.84% 69.62%
P/E Ratio 186.23 30.62
Market Cap ₹264.27 Cr. ₹205.01 Cr.
ROE 0.04%% 0.46%%
ROCE 0.05%% 0.54%%
Debt/Equity 0.56 0.24
EPS ₹4.14 ₹4.43
RoNW 3.08%% 90.05%%

Shares Offered

In the Proventus Agrocom IPO retail investors (RII) are offered 4,28,450 shares while in Vasa Denticity IPO retail investors are offered 4,28,450 shares. Qualified institutional buyers (QIB) are offered 0 shares in Proventus Agrocom IPO and 8,02,000 shares in Vasa Denticity IPO.

  Proventus Agrocom IPO Vasa Denticity IPO
Anchor Investor Reserveration 12,00,000 shares
Market Maker Reserveration 45,100 shares 2,16,000 shares
QIB 0 shares 8,02,000 shares
NII 4,28,430 shares 6,02,000 shares
RII 4,28,450 shares 14,04,000 shares
Employee 0 shares 0 shares
Others
Total 8,56,880 shares 28,08,000 shares

Bids Received (Subscription)

Proventus Agrocom IPO subscribed 2.70x in total, whereas Vasa Denticity IPO subscribed 73.14x.

  Proventus Agrocom IPO Vasa Denticity IPO
QIB (times) 37.26x
NII (times) 4.65x 156.09x
Big NII (times)
Small NII (times)
RII (times) 0.74x 58.07x
Employee (times)
Other (times)
Total (times) 2.70x 73.14x

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