TAC Infosec IPO vs Vruddhi Engineering Works IPO

Comparision between TAC Infosec IPO and Vruddhi Engineering Works IPO.

IPO Details

TAC Infosec IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Vruddhi Engineering Works IPO is a SME Book Built Issue proposed to list at BSE SME.

	TAC Infosec IPO	Vruddhi Engineering Works IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	BSE SME
Lead Managers	Beeline Capital Advisors Pvt Ltd	Fedex Securities Pvt Ltd
Registrar	Skyline Financial Services Private Ltd	Bigshare Services Pvt Ltd
Market Maker	Spread X Securities Private Limited	Rikhav Securities 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 TAC Infosec IPO is up to ₹29.99 Cr whereas the issue size of the Vruddhi Engineering Works IPO is up to ₹4.76 Cr. The final issue price of TAC Infosec IPO is ₹106.00 per share and of Vruddhi Engineering Works IPO is ₹70.00 per share.

	TAC Infosec IPO	Vruddhi Engineering Works IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹100.00 per share	₹66.00 per share
Issue Price (Upper)	₹106.00 per share	₹70.00 per share
Issue Price (Final)	₹106.00 per share	₹70.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	2000 shares
Fresh Issue Size	28,29,600 shares	6,80,000 shares
Fresh Issue Size (Amount)	up to ₹29.99 Cr	up to ₹4.76 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	28,29,600 shares	6,80,000 shares
Issue Size Total (Amount)	up to ₹29.99 Cr	up to ₹4.76 Cr

IPO Timetable

TAC Infosec IPO opens on Mar 27, 2024, while Vruddhi Engineering Works IPO opens on Mar 26, 2024. The closing date of TAC Infosec IPO and Vruddhi Engineering Works IPO is Apr 02, 2024, and Mar 28, 2024, respectively.

	TAC Infosec IPO	Vruddhi Engineering Works IPO
Anchor Bid Date	Mar 26, 2024
Issue Open	Mar 27, 2024	Mar 26, 2024
Issue Close	Apr 02, 2024	Mar 28, 2024
Basis Of Allotment (Tentative)	Apr 03, 2024	Apr 01, 2024
Initiation of Refunds (Tentative)	Apr 04, 2024	Apr 02, 2024
Credit of Share (Tentative)	Apr 04, 2024	Apr 02, 2024
Listing date (Tentative)	Apr 05, 2024	Apr 03, 2024
Anchor Lockin End date 1	May 03, 2024
Anchor Lockin End date 2	Jul 02, 2024

Financials

TAC Infosec IPO P/E ratio is 15.98, as compared to Vruddhi Engineering Works IPO P/E ratio of 17.13.

TAC Infosec IPO

Vruddhi Engineering Works IPO

Financial

TAC Infosec Limited Financial Information (Restated)

TAC Infosec Limited's revenue increased by 93.7% and profit after tax (PAT) rose by 735.05% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,213.02	977.65	496.45	404.00
Revenue	531.10	1,014.28	523.63	516.49
Profit After Tax	194.85	507.29	60.75	61.13
Net Worth	962.90	768.05	260.75	200.00
Reserves and Surplus	917.90	723.05	215.75	155.00
Total Borrowing	27.68	35.93	89.06	22.29
Amount in ₹ Lakhs

Vruddhi Engineering Works Limited Financial Information (Restated)

Vruddhi Engineering Works Limited's revenue increased by 493.53% and profit after tax (PAT) rose by 697.99% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	808.58	782.33	100.14	3.02
Revenue	935.36	1,309.62	220.65	0.44
Profit After Tax	41.01	75.33	9.44	-0.88
Net Worth	253.13	212.12	9.56	0.12
Reserves and Surplus	68.77	118.55	8.56	-0.88
Total Borrowing	301.91	323.37	47.49	2.22
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

78.00%

96.34%

Promoter Shareholding (Post-Issue)

56.94%

P/E Ratio

15.98

17.13

Market Cap

₹111.08 Cr.

₹17.67 Cr.

ROE

22.51%%

16.20%%

ROCE

22.75%%

15.53%%

Debt/Equity

1.19

EPS

₹6.63

₹4.09

RoNW

20.24%%

16.20%%

Shares Offered

In the TAC Infosec IPO retail investors (RII) are offered 9,40,800 shares while in Vruddhi Engineering Works IPO retail investors are offered 9,40,800 shares. Qualified institutional buyers (QIB) are offered 5,37,600 shares in TAC Infosec IPO and 3,20,000 shares in Vruddhi Engineering Works IPO.

	TAC Infosec IPO	Vruddhi Engineering Works IPO
Anchor Investor Reserveration	8,06,400 shares
Market Maker Reserveration	1,41,600 shares	36,000 shares
QIB	5,37,600 shares	3,20,000 shares
NII	4,03,200 shares	98,000 shares
RII	9,40,800 shares	2,26,000 shares
Employee	0 shares	0 shares
Others
Total	18,81,600 shares

Bids Received (Subscription)

TAC Infosec IPO subscribed 422.03x in total, whereas Vruddhi Engineering Works IPO subscribed 12.67x.

	TAC Infosec IPO	Vruddhi Engineering Works IPO
QIB (times)	141.29x	1.05x
NII (times)	768.89x	28.14x
Big NII (times)
Small NII (times)
RII (times)	433.80x	20.10x
Employee (times)
Other (times)
Total (times)	422.03x	12.67x

Compare with others

TAC Infosec IPO	Vruddhi Engineering Works IPO
K2 Infragen IPO	GConnect Logitech IPO
Aluwind Architectural IPO	TAC Infosec IPO
Jay Kailash Namkeen IPO	Radiowalla IPO
Yash Optics & Lens IPO	Aspire & Innovative IPO
GConnect Logitech IPO	Blue Pebble IPO
Radiowalla IPO	Naman In-Store (India) IPO
Aspire & Innovative IPO	Omfurn India FPO
Blue Pebble IPO	Vishwas Agri Seeds IPO
Vruddhi Engineering Works IPO	Chatha Foods IPO
Naman In-Store (India) IPO	Enser Communications IPO

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