Comrade Appliances IPO vs Vasa Denticity IPO

Comparision between Comrade Appliances IPO and Vasa Denticity IPO.

IPO Details

Comrade Appliances IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Vasa Denticity IPO is a SME Book Built Issue proposed to list at NSE SME.

	Comrade Appliances IPO	Vasa Denticity IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE SME	NSE SME
Lead Managers	Gretex Corporate Services Limited	Hem Securities Limited
Registrar	Bigshare Services Pvt Ltd	Mas Services Limited
Market Maker	Gretex Share Broking Private Limited	Hem Finlease Private Limited
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 Comrade Appliances IPO is up to ₹12.30 Cr whereas the issue size of the Vasa Denticity IPO is up to ₹54.07 Cr. The final issue price of Comrade Appliances IPO is ₹54.00 per share and of Vasa Denticity IPO is ₹128.00 per share.

	Comrade Appliances IPO	Vasa Denticity IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹52.00 per share	₹121.00 per share
Issue Price (Upper)	₹54.00 per share	₹128.00 per share
Issue Price (Final)	₹54.00 per share	₹128.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	1000 shares
Fresh Issue Size	22,78,000 shares	31,74,000 shares
Fresh Issue Size (Amount)	up to ₹12.30 Cr	up to ₹40.63 Cr
OFS Issue Size		10,50,000 shares
OFS Issue Size (Amount)		up to ₹13.44 Cr
Issue Size Total	22,78,000 shares	42,24,000 shares
Issue Size Total (Amount)	up to ₹12.30 Cr	up to ₹54.07 Cr

IPO Timetable

Comrade Appliances IPO opens on May 31, 2023, while Vasa Denticity IPO opens on May 23, 2023. The closing date of Comrade Appliances IPO and Vasa Denticity IPO is Jun 05, 2023, and May 25, 2023, respectively.

	Comrade Appliances IPO	Vasa Denticity IPO
Anchor Bid Date	May 30, 2023
Issue Open	May 31, 2023	May 23, 2023
Issue Close	Jun 05, 2023	May 25, 2023
Basis Of Allotment (Tentative)	Jun 08, 2023	May 30, 2023
Initiation of Refunds (Tentative)	Jun 09, 2023	May 31, 2023
Credit of Share (Tentative)	Jun 12, 2023	Jun 01, 2023
Listing date (Tentative)	Jun 13, 2023	Jun 02, 2023
Anchor Lockin End date 1	Jul 08, 2023	Jun 29, 2023
Anchor Lockin End date 2	Sep 06, 2023	Aug 28, 2023

Financials

Comrade Appliances IPO P/E ratio is 17.14, as compared to Vasa Denticity IPO P/E ratio of 30.62.

Comrade Appliances IPO

Vasa Denticity IPO

Financial

Comrade Appliances Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	1,678.98	2,162.29	41.80	293.40	-38.97	400.93
31-Mar-21	3,140.65	2,603.85	20.21	241.77	-90.60	1,412.38
31-Mar-22	2,527.31	2,973.28	38.75	502.43	-14.87	1,113.79
31-Mar-23	2,753.18	2,699.43	163.57	689.41	164.33	1,766.48
Amount in ₹ Lakhs

Vasa Denticity Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	481.78	3,045.13	9.44	27.20	7.20	64.57
31-Mar-21	691.05	4,017.72	32.58	59.78	39.78	197.24
31-Mar-22	1,945.91	7,714.08	540.98	600.76	580.76	326.29
31-Dec-22	2,695.18	8,757.11	501.90	1,102.66	1,082.66	266.31
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

95.00%

Promoter Shareholding (Post-Issue)

69.74%

69.62%

P/E Ratio

17.14

30.62

Market Cap

₹40.66 Cr.

₹205.01 Cr.

ROE

0.27%%

0.46%%

ROCE

0.16%%

0.54%%

Debt/Equity

1.96

0.24

EPS

₹3.15

₹4.43

RoNW

23.73%%

90.05%%

Shares Offered

In the Comrade Appliances IPO retail investors (RII) are offered 7,58,000 shares while in Vasa Denticity IPO retail investors are offered 7,58,000 shares. Qualified institutional buyers (QIB) are offered 4,32,000 shares in Comrade Appliances IPO and 8,02,000 shares in Vasa Denticity IPO.

	Comrade Appliances IPO	Vasa Denticity IPO
Anchor Investor Reserveration	6,48,000 shares	12,00,000 shares
Market Maker Reserveration	1,14,000 shares	2,16,000 shares
QIB	4,32,000 shares	8,02,000 shares
NII	3,26,000 shares	6,02,000 shares
RII	7,58,000 shares	14,04,000 shares
Employee	0 shares	0 shares
Others
Total	15,16,000 shares	28,08,000 shares

Bids Received (Subscription)

Comrade Appliances IPO subscribed 77.25x in total, whereas Vasa Denticity IPO subscribed 73.14x.

	Comrade Appliances IPO	Vasa Denticity IPO
QIB (times)	21.86x	37.26x
NII (times)	162.67x	156.09x
Big NII (times)
Small NII (times)
RII (times)	72.08x	58.07x
Employee (times)
Other (times)
Total (times)	77.25x	73.14x

Compare with others

Comrade Appliances IPO	Vasa Denticity IPO
Cosmic CRF IPO	CFF Fluid Control IPO
Sonalis Consumer Products IPO	Comrade Appliances IPO
Kore Digital IPO	Infollion Research Services IPO
Sahana System IPO	Proventus Agrocom IPO
CFF Fluid Control IPO	Hemant Surgical Industries IPO
Infollion Research Services IPO	Spectrum Talent Management IPO
Proventus Agrocom IPO	Crayons Advertising IPO
Hemant Surgical Industries IPO	Remus Pharmaceuticals IPO
Vasa Denticity IPO	Auro Impex & Chemicals IPO
Spectrum Talent Management IPO	Innokaiz India IPO

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