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Innokaiz India IPO vs Vasa Denticity IPO

Comparision between Innokaiz India IPO and Vasa Denticity IPO.

IPO Details

Innokaiz India 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.

  Innokaiz India IPO Vasa Denticity IPO
Logo Innokaiz India IPO Logo 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 Innokaiz India IPO is up to ₹21.17 Cr whereas the issue size of the Vasa Denticity IPO is up to ₹54.07 Cr. The final issue price of Innokaiz India IPO is ₹78.00 per share and of Vasa Denticity IPO is ₹128.00 per share.

  Innokaiz India IPO Vasa Denticity IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹76.00 per share ₹121.00 per share
Issue Price (Upper) ₹78.00 per share ₹128.00 per share
Issue Price (Final) ₹78.00 per share ₹128.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 1600 shares 1000 shares
Fresh Issue Size 27,13,600 shares 31,74,000 shares
Fresh Issue Size (Amount) up to ₹21.17 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 27,13,600 shares 42,24,000 shares
Issue Size Total (Amount) up to ₹21.17 Cr up to ₹54.07 Cr

IPO Timetable

Innokaiz India IPO opens on Apr 28, 2023, while Vasa Denticity IPO opens on May 23, 2023. The closing date of Innokaiz India IPO and Vasa Denticity IPO is May 03, 2023, and May 25, 2023, respectively.

  Innokaiz India IPO Vasa Denticity IPO
Anchor Bid Date Apr 27, 2023
Issue Open Apr 28, 2023 May 23, 2023
Issue Close May 03, 2023 May 25, 2023
Basis Of Allotment (Tentative) May 08, 2023 May 30, 2023
Initiation of Refunds (Tentative) May 09, 2023 May 31, 2023
Credit of Share (Tentative) May 10, 2023 Jun 01, 2023
Listing date (Tentative) May 11, 2023 Jun 02, 2023
Anchor Lockin End date 1 Jun 07, 2023 Jun 29, 2023
Anchor Lockin End date 2 Aug 06, 2023 Aug 28, 2023

Financials

Innokaiz India IPO P/E ratio is , as compared to Vasa Denticity IPO P/E ratio of 30.62.

  Innokaiz India IPO Vasa Denticity IPO
Financial
Innokaiz India Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-202,568.3813,872.44361.55541.93540.93110.60
31-Mar-213,871.0718,506.21509.151,051.091,050.09103.52
31-Mar-224,972.4728,609.09791.631,842.721,841.72132.17
31-Oct-224,763.1514,883.52610.282,453.001,702.0093.62
Amount in ₹ Lakhs
Vasa Denticity Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20481.783,045.139.4427.207.2064.57
31-Mar-21691.054,017.7232.5859.7839.78197.24
31-Mar-221,945.917,714.08540.98600.76580.76326.29
31-Dec-222,695.188,757.11501.901,102.661,082.66266.31
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 98.00 95.00%
Promoter Shareholding (Post-Issue) 71.99 69.62%
P/E Ratio 30.62
Market Cap ₹205.01 Cr.
ROE 0.46%%
ROCE 0.54%%
Debt/Equity 0.24
EPS ₹4.43
RoNW 90.05%%

Shares Offered

In the Innokaiz India IPO retail investors (RII) are offered 9,02,400 shares while in Vasa Denticity IPO retail investors are offered 9,02,400 shares. Qualified institutional buyers (QIB) are offered 5,15,200 shares in Innokaiz India IPO and 8,02,000 shares in Vasa Denticity IPO.

  Innokaiz India IPO Vasa Denticity IPO
Anchor Investor Reserveration 7,72,800 shares 12,00,000 shares
Market Maker Reserveration 1,36,000 shares 2,16,000 shares
QIB 5,15,200 shares 8,02,000 shares
NII 3,87,200 shares 6,02,000 shares
RII 9,02,400 shares 14,04,000 shares
Employee 0 shares 0 shares
Others
Total 18,04,800 shares 28,08,000 shares

Bids Received (Subscription)

Innokaiz India IPO subscribed 95.08x in total, whereas Vasa Denticity IPO subscribed 73.14x.

  Innokaiz India IPO Vasa Denticity IPO
QIB (times) 23.93x 37.26x
NII (times) 303.92x 156.09x
Big NII (times)
Small NII (times)
RII (times) 46.10x 58.07x
Employee (times)
Other (times)
Total (times) 95.08x 73.14x

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