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Sheetal Universal IPO vs Vrundavan Plantation IPO

Comparision between Sheetal Universal IPO and Vrundavan Plantation IPO.

IPO Details

Sheetal Universal IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Vrundavan Plantation IPO is a SME Fixed Price Issue proposed to list at BSE SME.

  Sheetal Universal IPO Vrundavan Plantation IPO
Logo Sheetal Universal IPO Logo Vrundavan Plantation IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Fixed Price Issue
Listing At NSE SME BSE SME
Lead Managers Beeline Capital Advisors Pvt Ltd Interactive Financial Services Ltd
Registrar Bigshare Services Pvt Ltd Kfin Technologies Limited
Market Maker Spread X Securities Private Limited Nikunj Stock Brokers Limited
DRHP DRHP DRHP
RHP RHP RHP
Anchor Investor
IPO Allotment URL IPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Sheetal Universal IPO is up to ₹23.80 Cr whereas the issue size of the Vrundavan Plantation IPO is up to ₹15.29 Cr. The final issue price of Sheetal Universal IPO is ₹70.00 per share and of Vrundavan Plantation IPO is ₹108.00 per share.

  Sheetal Universal IPO Vrundavan Plantation IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final) ₹70.00 per share ₹108.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 2000 shares 1200 shares
Fresh Issue Size 34,00,000 shares 14,16,000 shares
Fresh Issue Size (Amount) up to ₹23.80 Cr up to ₹15.29 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 34,00,000 shares 14,16,000 shares
Issue Size Total (Amount) up to ₹23.80 Cr up to ₹15.29 Cr

IPO Timetable

Sheetal Universal IPO opens on Dec 04, 2023, while Vrundavan Plantation IPO opens on Oct 30, 2023. The closing date of Sheetal Universal IPO and Vrundavan Plantation IPO is Dec 06, 2023, and Nov 01, 2023, respectively.

  Sheetal Universal IPO Vrundavan Plantation IPO
Anchor Bid Date Oct 30, 2023
Issue Open Dec 04, 2023 Oct 30, 2023
Issue Close Dec 06, 2023 Nov 01, 2023
Basis Of Allotment (Tentative) Dec 07, 2023 Nov 05, 2023
Initiation of Refunds (Tentative) Dec 08, 2023 Nov 06, 2023
Credit of Share (Tentative) Dec 08, 2023 Nov 06, 2023
Listing date (Tentative) Dec 11, 2023 Nov 06, 2023
Anchor Lockin End date 1 Jan 06, 2024 Dec 05, 2023
Anchor Lockin End date 2 Mar 06, 2024 Feb 03, 2024

Financials

Sheetal Universal IPO P/E ratio is 27.34, as compared to Vrundavan Plantation IPO P/E ratio of 34.62.

  Sheetal Universal IPO Vrundavan Plantation IPO
Financial

Sheetal Universal Limited Financial Information (Restated Consolidated)

Sheetal Universal Limited's revenue increased by 230.49% and profit after tax (PAT) rose by 602.4% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Aug 202331 Mar 202331 Mar 202231 Mar 2021
Assets4,370.032,804.021,602.821,272.15
Revenue5,826.9313,165.683,983.673,883.53
Profit After Tax187.67198.8528.3125.41
Net Worth1,046.89649.22450.37422.07
Reserves and Surplus241.29299.22100.3772.07
Total Borrowing1,463.221,356.24984.80625.07
Amount in ₹ Lakhs

Vrundavan Plantation Limited Financial Information (Restated)

Period Ended31 May 2023
Assets2,321.67
Revenue180.68
Profit After Tax17.33
Net Worth413.82
Reserves and Surplus22.15
Total Borrowing17.47
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 95% 85.29%
Promoter Shareholding (Post-Issue) 66.81% 62.65%
P/E Ratio 27.34 34.62
Market Cap ₹80.19 Cr. ₹57.59 Cr.
ROE 36.17%% 8.35%%
ROCE 21.59%% 6.71%%
Debt/Equity 2.09 0.47
EPS ₹2.56 ₹0.52
RoNW 30.63%% 4.19%%

Shares Offered

In the Sheetal Universal IPO retail investors (RII) are offered 16,14,000 shares while in Vrundavan Plantation IPO retail investors are offered 16,14,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Sheetal Universal IPO and 0 shares in Vrundavan Plantation IPO.

  Sheetal Universal IPO Vrundavan Plantation IPO
Anchor Investor Reserveration
Market Maker Reserveration 1,72,000 shares 72,000 shares
QIB 0 shares 0 shares
NII 16,14,000 shares 6,72,000 shares
RII 16,14,000 shares 6,72,000 shares
Employee 0 shares 0 shares
Others
Total 32,28,000 shares 13,44,000 shares

Bids Received (Subscription)

Sheetal Universal IPO subscribed 179.20x in total, whereas Vrundavan Plantation IPO subscribed 18.57x.

  Sheetal Universal IPO Vrundavan Plantation IPO
QIB (times)
NII (times) 212.55x 11.60x
Big NII (times)
Small NII (times)
RII (times) 129.73x 25.51x
Employee (times)
Other (times)
Total (times) 179.20x 18.57x

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