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Rulka Electricals IPO vs Veritaas Advertising IPO

Comparision between Rulka Electricals IPO and Veritaas Advertising IPO.

IPO Details

Rulka Electricals 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.

  Rulka Electricals IPO Veritaas Advertising IPO
Logo Rulka Electricals 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 Beeline Capital Advisors Pvt Ltd Horizon Management Private Limited
Registrar Bigshare Services Pvt Ltd Mas Services Limited
Market Maker Sunflower Broking 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 Rulka Electricals IPO is up to ₹26.40 Cr whereas the issue size of the Veritaas Advertising IPO is up to ₹8.48 Cr. The final issue price of Rulka Electricals IPO is ₹235.00 per share and of Veritaas Advertising IPO is ₹114.00 per share.

  Rulka Electricals IPO Veritaas Advertising IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹223.00 per share ₹109.00 per share
Issue Price (Upper) ₹235.00 per share ₹114.00 per share
Issue Price (Final) ₹235.00 per share ₹114.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 600 shares 1200 shares
Fresh Issue Size 8,42,400 shares 7,44,000 shares
Fresh Issue Size (Amount) up to ₹19.80 Cr up to ₹8.48 Cr
OFS Issue Size 2,80,800 shares
OFS Issue Size (Amount) up to ₹6.60 Cr
Issue Size Total 11,23,200 shares 7,44,000 shares
Issue Size Total (Amount) up to ₹26.40 Cr up to ₹8.48 Cr

IPO Timetable

Rulka Electricals IPO opens on May 16, 2024, while Veritaas Advertising IPO opens on May 13, 2024. The closing date of Rulka Electricals IPO and Veritaas Advertising IPO is May 21, 2024, and May 15, 2024, respectively.

  Rulka Electricals IPO Veritaas Advertising IPO
Anchor Bid Date May 15, 2024 May 10, 2024
Issue Open May 16, 2024 May 13, 2024
Issue Close May 21, 2024 May 15, 2024
Basis Of Allotment (Tentative) May 22, 2024 May 16, 2024
Initiation of Refunds (Tentative) May 23, 2024 May 17, 2024
Credit of Share (Tentative) May 23, 2024 May 17, 2024
Listing date (Tentative) May 24, 2024 May 21, 2024
Anchor Lockin End date 1 Jun 21, 2024 Jun 15, 2024
Anchor Lockin End date 2 Aug 20, 2024 Aug 14, 2024

Financials

Rulka Electricals IPO P/E ratio is 28.62, as compared to Veritaas Advertising IPO P/E ratio of 54.

  Rulka Electricals IPO Veritaas Advertising IPO
Financial

Rulka Electricals Limited Financial Information (Restated Standalone)

Period Ended29 Feb 202431 Mar 202331 Mar 202231 Mar 2021
Assets4,082.092,826.951,919.04982.41
Revenue6,527.774,689.783,627.411,960.11
Profit After Tax565.77280.52112.0853.72
Net Worth1,290.15557.33276.82164.74
Reserves and Surplus948.55546.33265.82153.74
Total Borrowing1,104.89527.07281.46230.99
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) 86.28% 88.74%
Promoter Shareholding (Post-Issue) 69.22% 88.74%
P/E Ratio 28.62 54
Market Cap ₹100.07 Cr. ₹32.18 Cr.
ROE 61.25%% 44.24%%
ROCE 33.67%% 39.65%%
Debt/Equity 2.16 0.64
EPS ₹8.21 ₹2.11
RoNW 43.85%% 44.23%%

Shares Offered

In the Rulka Electricals IPO retail investors (RII) are offered 3,73,800 shares while in Veritaas Advertising IPO retail investors are offered 3,73,800 shares. Qualified institutional buyers (QIB) are offered 2,13,600 shares in Rulka Electricals IPO and 1,77,600 shares in Veritaas Advertising IPO.

  Rulka Electricals IPO Veritaas Advertising IPO
Anchor Investor Reserveration 3,19,200 shares 1,74,000 shares
Market Maker Reserveration 56,400 shares 37,200 shares
QIB 2,13,600 shares 1,77,600 shares
NII 1,60,200 shares 1,06,800 shares
RII 3,73,800 shares 2,48,400 shares
Employee 0 shares 0 shares
Others
Total 7,47,600 shares 5,32,800 shares

Bids Received (Subscription)

Rulka Electricals IPO subscribed 676.83x in total, whereas Veritaas Advertising IPO subscribed 621.62x.

  Rulka Electricals IPO Veritaas Advertising IPO
QIB (times) 204.22x 102.41x
NII (times) 1,350.15x 629.56x
Big NII (times)
Small NII (times)
RII (times) 658.32x 989.44x
Employee (times)
Other (times)
Total (times) 676.83x 621.62x

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