Tranway IPO vs Vaxtex Cotfab IPO

Comparision between Tranway IPO and Vaxtex Cotfab IPO.

IPO Details

Tranway IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Vaxtex Cotfab IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Tranway IPO	Vaxtex Cotfab 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	Capitalsquare Advisors Private Limited
Registrar	Link Intime India Private Ltd	Bigshare Services Pvt Ltd
Market Maker
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 Tranway IPO is up to ₹4.24 Cr whereas the issue size of the Vaxtex Cotfab IPO is up to ₹3.83 Cr. The final issue price of Tranway IPO is ₹10.00 per share and of Vaxtex Cotfab IPO is ₹24.00 per share.

	Tranway IPO	Vaxtex Cotfab IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹10.00 per share	₹24.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	10000 shares	6000 shares
Fresh Issue Size	42,40,000 shares
Fresh Issue Size (Amount)	up to ₹4.24 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	42,40,000 shares	15,96,000 shares
Issue Size Total (Amount)	up to ₹4.24 Cr	up to ₹3.83 Cr

IPO Timetable

Tranway IPO opens on Jan 27, 2020, while Vaxtex Cotfab IPO opens on Dec 27, 2019. The closing date of Tranway IPO and Vaxtex Cotfab IPO is Jan 29, 2020, and Jan 03, 2020, respectively.

	Tranway IPO	Vaxtex Cotfab IPO
Anchor Bid Date
Issue Open	Jan 27, 2020	Dec 27, 2019
Issue Close	Jan 29, 2020	Jan 03, 2020
Basis Of Allotment (Tentative)	Feb 03, 2020	Jan 08, 2020
Initiation of Refunds (Tentative)	Feb 04, 2020	Jan 09, 2020
Credit of Share (Tentative)	Feb 05, 2020	Jan 10, 2020
Listing date (Tentative)	Feb 05, 2020	Jan 13, 2020
Anchor Lockin End date 1	Mar 04, 2020	Feb 07, 2020
Anchor Lockin End date 2	May 03, 2020	Apr 07, 2020

Financials

Tranway IPO P/E ratio is 90, as compared to Vaxtex Cotfab IPO P/E ratio of .

Tranway IPO

Vaxtex Cotfab IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (Rs in Lakhs)
	30-Sept-19	31-Mar-19	31-Mar-18	31-Mar-17
Total Assets	2,71.09	2,13.50	2,42.46	1,08.48
Total Revenue	2,29.22	5,17.53	3,93.93	3,11.73
Profit After Tax	6.34	24.01	11.37	12.34

Summary of financial Information (Restated)
Particulars	For the year/period ended (Rs in Lakhs)
	30-Jun-19	31-Mar-19	31-Mar-18	31-Mar-17
Total Assets	1,969.99	1,350.29	1,018.76	470.00
Total Revenue	454.46	2,201.80	1,846.63	446.06
Profit After Tax	33.58	60.20	17.09	1.85

Promoter Shareholding (Pre-Issue)

99.98%

98.50%

Promoter Shareholding (Post-Issue)

59.99%

73.50 %

P/E Ratio

Market Cap

₹10.60 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Tranway IPO retail investors (RII) are offered 20,10,000 shares while in Vaxtex Cotfab IPO retail investors are offered 20,10,000 shares. Qualified institutional buyers (QIB) are offered in Tranway IPO and in Vaxtex Cotfab IPO.

	Tranway IPO	Vaxtex Cotfab IPO
Anchor Investor Reserveration
Market Maker Reserveration	2,20,000 shares	84,000 shares
QIB
NII	20,10,000 shares	7,98,000 shares
RII	20,10,000 shares	7,98,000 shares
Employee
Others
Total	40,20,000 shares	15,96,000 shares

Bids Received (Subscription)

Tranway IPO subscribed 1.98x in total, whereas Vaxtex Cotfab IPO subscribed 2.86x.

	Tranway IPO	Vaxtex Cotfab IPO
QIB (times)	0.00x
NII (times)	1.09x	1.75x
Big NII (times)
Small NII (times)
RII (times)	2.87x	3.97x
Employee (times)
Other (times)
Total (times)	1.98x	2.86x

Compare with others

Tranway IPO	Vaxtex Cotfab IPO
Nirmitee Robotics IPO	Tranway IPO
RO Jewels IPO	Madhav Copper FPO
SM Auto IPO	Janus IPO
ICL Dairy IPO	HindPrakash IPO
CBC Pharma IPO	Gian Lifecare IPO
Madhav Copper FPO	Valencia IPO
Janus IPO	DC Infotech IPO
HindPrakash IPO	Ascom Leasing IPO
Gian Lifecare IPO	Mangalam Global IPO
Vaxtex Cotfab IPO	Anuroop IPO

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