Updater Services IPO vs Valiant Laboratories IPO

Comparision between Updater Services IPO and Valiant Laboratories IPO.

IPO Details

Updater Services IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Valiant Laboratories IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Updater Services IPO	Valiant Laboratories IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Iifl Securities Ltd Motilal Oswal Investment Advisors Limited SBI Capital Markets Limited	Unistone Capital Pvt Ltd
Registrar	Link Intime India Private Ltd	Link Intime India Private Ltd
Market Maker
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 Updater Services IPO is up to ₹640.00 Cr whereas the issue size of the Valiant Laboratories IPO is up to ₹152.46 Cr. The final issue price of Updater Services IPO is ₹300.00 per share and of Valiant Laboratories IPO is ₹140.00 per share.

	Updater Services IPO	Valiant Laboratories IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹280.00 per share	₹133.00 per share
Issue Price (Upper)	₹300.00 per share	₹140.00 per share
Issue Price (Final)	₹300.00 per share	₹140.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	50 shares	105 shares
Fresh Issue Size	1,33,33,333 shares	1,08,90,000 shares
Fresh Issue Size (Amount)	up to ₹400.00 Cr	up to ₹152.46 Cr
OFS Issue Size	80,00,000 shares
OFS Issue Size (Amount)	up to ₹240.00 Cr
Issue Size Total	2,13,33,333 shares	1,08,90,000 shares
Issue Size Total (Amount)	up to ₹640.00 Cr	up to ₹152.46 Cr

IPO Timetable

Updater Services IPO opens on Sep 25, 2023, while Valiant Laboratories IPO opens on Sep 27, 2023. The closing date of Updater Services IPO and Valiant Laboratories IPO is Sep 27, 2023, and Oct 03, 2023, respectively.

	Updater Services IPO	Valiant Laboratories IPO
Anchor Bid Date	Sep 22, 2023	Sep 26, 2023
Issue Open	Sep 25, 2023	Sep 27, 2023
Issue Close	Sep 27, 2023	Oct 03, 2023
Basis Of Allotment (Tentative)	Sep 28, 2023	Oct 05, 2023
Initiation of Refunds (Tentative)	Sep 29, 2023	Oct 06, 2023
Credit of Share (Tentative)	Oct 03, 2023	Oct 06, 2023
Listing date (Tentative)	Oct 04, 2023	Oct 06, 2023
Anchor Lockin End date 1	Oct 28, 2023	Nov 04, 2023
Anchor Lockin End date 2	Dec 27, 2023	Jan 03, 2024

Financials

Updater Services IPO P/E ratio is 44.31, as compared to Valiant Laboratories IPO P/E ratio of 15.71.

Updater Services IPO

Valiant Laboratories IPO

Financial

Updater Services IPO Financial Information (Restated Consolidated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	579.49	874.57	1,216.95
Revenue	1,216.35	1,497.89	2,112.09
Profit After Tax	47.56	57.37	34.61
Net Worth	285.26	340.43	380.89
Reserves and Surplus
Total Borrowing	11.61	58.68	176.54

Amount in ₹ Crore

Valiant Laboratories IPO Financial Information (Restated Standalone)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	106.31	181.81	212.76
Revenue	183.78	293.47	338.77
Profit After Tax	30.59	27.50	29.00
Net Worth	88.58	71.46	100.49
Reserves and Surplus
Total Borrowing	0.35	60.68	59.40

Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

80.58%

100.00%

Promoter Shareholding (Post-Issue)

58.47%

74.94%

P/E Ratio

44.31

15.71

Market Cap

₹2001.00 Cr.

₹608.30 Cr.

ROE

9.40%%

33.73%%

ROCE

14.17%%

22.76%%

Debt/Equity

0.46

0.59

EPS

₹6.77

₹8.91

RoNW

9.34%%

28.86%%

Shares Offered

In the Updater Services IPO retail investors (RII) are offered 21,33,333 shares while in Valiant Laboratories IPO retail investors are offered 21,33,333 shares. Qualified institutional buyers (QIB) are offered 64,00,000 shares in Updater Services IPO and 21,78,030 shares in Valiant Laboratories IPO.

	Updater Services IPO	Valiant Laboratories IPO
Anchor Investor Reserveration	96,00,000 shares	32,66,970 shares
Market Maker Reserveration
QIB	64,00,000 shares	21,78,030 shares
NII	32,00,000 shares	16,33,500 shares
RII	21,33,333 shares	38,11,500 shares
Employee	0 shares	0 shares
Others
Total	1,17,33,333 shares	76,23,030 shares

Bids Received (Subscription)

Updater Services IPO subscribed 2.96x in total, whereas Valiant Laboratories IPO subscribed 29.76x.

	Updater Services IPO	Valiant Laboratories IPO
QIB (times)	4.50x	20.83x
NII (times)	0.89x	73.64x
Big NII (times)	1.07x	78.64x
Small NII (times)	0.53x	63.64x
RII (times)	1.45x	16.06x
Employee (times)
Other (times)
Total (times)	2.96x	29.76x

Compare with others

Updater Services IPO	Valiant Laboratories IPO
Mamaearth IPO	Blue Jet Healthcare IPO
Blue Jet Healthcare IPO	Protean eGov Technologies IPO
Protean eGov Technologies IPO	IRM Energy IPO
IRM Energy IPO	Plaza Wires IPO
Plaza Wires IPO	Updater Services IPO
Valiant Laboratories IPO	Manoj Vaibhav Gems 'N' Jewellers IPO
Manoj Vaibhav Gems 'N' Jewellers IPO	JSW Infrastructure IPO
JSW Infrastructure IPO	Sai Silks (Kalamandir) IPO
Sai Silks (Kalamandir) IPO	Yatra Online IPO
Yatra Online IPO	Zaggle Prepaid Ocean Services IPO

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