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Sona Machinery IPO vs V R Infraspace IPO

Comparision between Sona Machinery IPO and V R Infraspace IPO.

IPO Details

Sona Machinery IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while V R Infraspace IPO is a SME Fixed Price Issue proposed to list at NSE SME.

  Sona Machinery IPO V R Infraspace IPO
Logo Sona Machinery IPO Logo V R Infraspace IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Book Built Issue Fixed Price Issue
Listing At NSE SME NSE SME
Lead Managers Hem Securities Limited Beeline Capital Advisors Pvt Ltd
Registrar Maashitla Securities Private Limited Link Intime India Private Ltd
Market Maker Hem Finlease Private Limited Spread X Securities 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 Sona Machinery IPO is up to ₹51.82 Cr whereas the issue size of the V R Infraspace IPO is up to ₹20.40 Cr. The final issue price of Sona Machinery IPO is ₹143.00 per share and of V R Infraspace IPO is ₹85.00 per share.

  Sona Machinery IPO V R Infraspace IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹136.00 per share
Issue Price (Upper) ₹143.00 per share
Issue Price (Final) ₹143.00 per share ₹85.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 1000 shares 1600 shares
Fresh Issue Size 36,24,000 shares 24,00,000 shares
Fresh Issue Size (Amount) up to ₹51.82 Cr up to ₹20.40 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 36,24,000 shares 24,00,000 shares
Issue Size Total (Amount) up to ₹51.82 Cr up to ₹20.40 Cr

IPO Timetable

Sona Machinery IPO opens on Mar 05, 2024, while V R Infraspace IPO opens on Mar 04, 2024. The closing date of Sona Machinery IPO and V R Infraspace IPO is Mar 07, 2024, and Mar 06, 2024, respectively.

  Sona Machinery IPO V R Infraspace IPO
Anchor Bid Date Mar 04, 2024
Issue Open Mar 05, 2024 Mar 04, 2024
Issue Close Mar 07, 2024 Mar 06, 2024
Basis Of Allotment (Tentative) Mar 11, 2024 Mar 07, 2024
Initiation of Refunds (Tentative) Mar 12, 2024 Mar 11, 2024
Credit of Share (Tentative) Mar 12, 2024 Mar 11, 2024
Listing date (Tentative) Mar 13, 2024 Mar 12, 2024
Anchor Lockin End date 1 Apr 10, 2024
Anchor Lockin End date 2 Jun 09, 2024

Financials

Sona Machinery IPO P/E ratio is 18.8, as compared to V R Infraspace IPO P/E ratio of 20.99.

  Sona Machinery IPO V R Infraspace IPO
Financial

Sona Machinery Limited Financial Information (Restated Standalone)

Sona Machinery Limited's revenue increased by 82.3% and profit after tax (PAT) rose by 135.35% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Nov 202331 Mar 202331 Mar 202231 Mar 2021
Assets4,211.302,858.191,516.58732.21
Revenue6,288.118,118.064,453.07606.33
Profit After Tax647.82768.36326.4727.81
Net Worth1,780.161,132.34363.9837.51
Reserves and Surplus770.161,122.34353.9827.51
Total Borrowing112.94252.60236.61
Amount in ₹ Lakhs

V R Infraspace Limited Financial Information (Restated Consolidated)

V R Infraspace Limited's revenue increased by 35.16% and profit after tax (PAT) rose by 229.16% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets6,117.914,328.384,920.595,479.20
Revenue732.411,875.531,387.651,348.70
Profit After Tax89.54262.4779.7472.04
Net Worth1,290.101,211.86949.39869.65
Reserves and Surplus642.10563.86301.39221.65
Total Borrowing661.36971.871,038.551,676.31
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 100.00% 100%
Promoter Shareholding (Post-Issue) 73.59% 72.97%
P/E Ratio 18.8 20.99
Market Cap ₹196.25 Cr. ₹75.48 Cr.
ROE 44.49%% 7.16%%
ROCE 46.61%% 6.12%%
Debt/Equity 0.06 0.51
EPS ₹7.61 ₹4.05
RoNW 36.39%% 6.94%%

Shares Offered

In the Sona Machinery IPO retail investors (RII) are offered 12,05,000 shares while in V R Infraspace IPO retail investors are offered 12,05,000 shares. Qualified institutional buyers (QIB) are offered 6,88,000 shares in Sona Machinery IPO and 0 shares in V R Infraspace IPO.

  Sona Machinery IPO V R Infraspace IPO
Anchor Investor Reserveration 10,32,000 shares
Market Maker Reserveration 1,82,000 shares 1,21,600 shares
QIB 6,88,000 shares 0 shares
NII 5,17,000 shares 11,39,200 shares
RII 12,05,000 shares 11,39,200 shares
Employee 0 shares 0 shares
Others
Total 24,10,000 shares 22,78,400 shares

Bids Received (Subscription)

Sona Machinery IPO subscribed 273.50x in total, whereas V R Infraspace IPO subscribed 93.41x.

  Sona Machinery IPO V R Infraspace IPO
QIB (times) 129.72x
NII (times) 554.42x 85.21x
Big NII (times)
Small NII (times)
RII (times) 235.06x 90.55x
Employee (times)
Other (times)
Total (times) 273.50x 93.41x

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