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Travels & Rentals IPO vs Vdeal System IPO

Comparision between Travels & Rentals IPO and Vdeal System IPO.

IPO Details

Travels & Rentals IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Vdeal System IPO is a SME Fixed Price Issue proposed to list at NSE SME.

  Travels & Rentals IPO Vdeal System IPO
Logo Travels & Rentals IPO Logo Vdeal System IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Fixed Price Issue
Listing At BSE SME NSE SME
Lead Managers Finshore Management Services Limited Affinity Global Capital Market Private Limited
Registrar Cameo Corporate Services Limited Cameo Corporate Services Limited
Market Maker Black Fox Financial Private Limited Black Fox Financial Private 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 Travels & Rentals IPO is up to ₹12.24 Cr whereas the issue size of the Vdeal System IPO is up to ₹18.08 Cr. The final issue price of Travels & Rentals IPO is ₹40.00 per share and of Vdeal System IPO is ₹112.00 per share.

  Travels & Rentals IPO Vdeal System IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final) ₹40.00 per share ₹112.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 3000 shares 1200 shares
Fresh Issue Size 30,60,000 shares 16,14,000 shares
Fresh Issue Size (Amount) up to ₹12.24 Cr up to ₹18.08 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 30,60,000 shares 16,14,000 shares
Issue Size Total (Amount) up to ₹12.24 Cr up to ₹18.08 Cr

IPO Timetable

Travels & Rentals IPO opens on Aug 29, 2024, while Vdeal System IPO opens on Aug 27, 2024. The closing date of Travels & Rentals IPO and Vdeal System IPO is Sep 02, 2024, and Aug 29, 2024, respectively.

  Travels & Rentals IPO Vdeal System IPO
Anchor Bid Date
Issue Open Aug 29, 2024 Aug 27, 2024
Issue Close Sep 02, 2024 Aug 29, 2024
Basis Of Allotment (Tentative) Sep 03, 2024 Aug 30, 2024
Initiation of Refunds (Tentative) Sep 04, 2024 Sep 02, 2024
Credit of Share (Tentative) Sep 04, 2024 Sep 02, 2024
Listing date (Tentative) Sep 05, 2024 Sep 03, 2024
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials

Travels & Rentals IPO P/E ratio is 10.98, as compared to Vdeal System IPO P/E ratio of 11.79.

  Travels & Rentals IPO Vdeal System IPO
Financial

Travels & Rentals Limited Financial Information (Restated)

Travels & Rentals Limited's revenue increased by 39% and profit after tax (PAT) rose by 97% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets2,469.851,647.111,334.29
Revenue803.54579.06290.59
Profit After Tax296.55150.6469.01
Net Worth1,478.48741.52490.88
Reserves and Surplus664.21540.33314.69
Total Borrowing470.94560.97755.41
Amount in ₹ Lakhs

Vdeal System Limited Financial Information (Restated)

Vdeal System Limited's revenue increased by 26% and profit after tax (PAT) rose by 183% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets2,727.931,544.441,142.33
Revenue2,625.082,075.411,623.96
Profit After Tax311.38110.0923.1
Net Worth628.75341.83231.73
Reserves and Surplus301.1312.04201.95
Total Borrowing937.67621.02639.51
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 86.48% 99.97%
Promoter Shareholding (Post-Issue) 62.86% 66.96%
P/E Ratio 10.98 11.79
Market Cap ₹44.81 Cr. ₹54.77 Cr.
ROE 26.72%% 49.52%%
ROCE 27.54%% 32.83%%
Debt/Equity 0.32 1.49
EPS ₹3.64 ₹9.50
RoNW 20.06%% 49.52%%

Shares Offered

In the Travels & Rentals IPO retail investors (RII) are offered 14,53,500 shares while in Vdeal System IPO retail investors are offered 14,53,500 shares. Qualified institutional buyers (QIB) are offered 0 shares in Travels & Rentals IPO and 0 shares in Vdeal System IPO.

  Travels & Rentals IPO Vdeal System IPO
Anchor Investor Reserveration
Market Maker Reserveration 1,53,000 shares 81,600 shares
QIB 0 shares 0 shares
NII 14,53,500 shares 7,66,200 shares
RII 14,53,500 shares 7,66,200 shares
Employee 0 shares 0 shares
Others
Total 29,07,000 shares 15,32,400 shares

Bids Received (Subscription)

Travels & Rentals IPO subscribed 608.46x in total, whereas Vdeal System IPO subscribed 71.38x.

  Travels & Rentals IPO Vdeal System IPO
QIB (times)
NII (times) 754.64x 61.46x
Big NII (times)
Small NII (times)
RII (times) 429.90x 76.70x
Employee (times)
Other (times)
Total (times) 608.46x 71.38x

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