Krishca Strapping Solutions IPO vs Vasa Denticity IPO

Comparision between Krishca Strapping Solutions IPO and Vasa Denticity IPO.

IPO Details

Krishca Strapping Solutions IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Vasa Denticity IPO is a SME Book Built Issue proposed to list at NSE SME.

	Krishca Strapping Solutions IPO	Vasa Denticity IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Share India Capital Services Private Limited	Hem Securities Limited
Registrar	Purva Sharegistry India Pvt Ltd	Mas Services Limited
Market Maker	Share India Securities 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 Krishca Strapping Solutions IPO is up to ₹17.93 Cr whereas the issue size of the Vasa Denticity IPO is up to ₹54.07 Cr. The final issue price of Krishca Strapping Solutions IPO is ₹54.00 per share and of Vasa Denticity IPO is ₹128.00 per share.

	Krishca Strapping Solutions IPO	Vasa Denticity IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹51.00 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	33,20,000 shares	31,74,000 shares
Fresh Issue Size (Amount)	up to ₹17.93 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	33,20,000 shares	42,24,000 shares
Issue Size Total (Amount)	up to ₹17.93 Cr	up to ₹54.07 Cr

IPO Timetable

Krishca Strapping Solutions IPO opens on May 16, 2023, while Vasa Denticity IPO opens on May 23, 2023. The closing date of Krishca Strapping Solutions IPO and Vasa Denticity IPO is May 19, 2023, and May 25, 2023, respectively.

	Krishca Strapping Solutions IPO	Vasa Denticity IPO
Anchor Bid Date
Issue Open	May 16, 2023	May 23, 2023
Issue Close	May 19, 2023	May 25, 2023
Basis Of Allotment (Tentative)	May 24, 2023	May 30, 2023
Initiation of Refunds (Tentative)	May 25, 2023	May 31, 2023
Credit of Share (Tentative)	May 26, 2023	Jun 01, 2023
Listing date (Tentative)	May 26, 2023	Jun 02, 2023
Anchor Lockin End date 1	Jun 23, 2023	Jun 29, 2023
Anchor Lockin End date 2	Aug 22, 2023	Aug 28, 2023

Financials

Krishca Strapping Solutions IPO P/E ratio is 3.43, as compared to Vasa Denticity IPO P/E ratio of 30.62.

Krishca Strapping Solutions IPO

Vasa Denticity IPO

Financial

Krishca Strapping Solutions Limited Financial Information (Restated Standalone)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	915.75	98.15	-223.92	64.34	-237.02	827.36
31-Mar-21	1,292.02	971.05	-67.25	-120.28	-421.64	1,337.48
31-Mar-22	1,544.00	1,871.71	150.54	159.51	-340.49	939.28
15-Feb-23	2,696.96	6,351.23	785.75	945.26	445.26	1,193.01
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)

86.34%

95.00%

Promoter Shareholding (Post-Issue)

62.6%

69.62%

P/E Ratio

3.43

30.62

Market Cap

₹65.18 Cr.

₹205.01 Cr.

ROE

0.46%%

ROCE

0.54%%

Debt/Equity

0.24

EPS

₹15.71

₹4.43

RoNW

0.83%%

90.05%%

Shares Offered

In the Krishca Strapping Solutions IPO retail investors (RII) are offered 8,45,600 shares while in Vasa Denticity IPO retail investors are offered 8,45,600 shares. Qualified institutional buyers (QIB) are offered 12,08,000 shares in Krishca Strapping Solutions IPO and 8,02,000 shares in Vasa Denticity IPO.

	Krishca Strapping Solutions IPO	Vasa Denticity IPO
Anchor Investor Reserveration	9,04,000 shares	12,00,000 shares
Market Maker Reserveration	3,00,000 shares	2,16,000 shares
QIB	12,08,000 shares	8,02,000 shares
NII	3,62,400 shares	6,02,000 shares
RII	8,45,600 shares	14,04,000 shares
Employee	0 shares	0 shares
Others
Total	24,16,000 shares	28,08,000 shares

Bids Received (Subscription)

Krishca Strapping Solutions IPO subscribed 336.57x in total, whereas Vasa Denticity IPO subscribed 73.14x.

	Krishca Strapping Solutions IPO	Vasa Denticity IPO
QIB (times)	36.10x	37.26x
NII (times)	786.89x	156.09x
Big NII (times)
Small NII (times)
RII (times)	572.83x	58.07x
Employee (times)
Other (times)
Total (times)	336.57x	73.14x

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