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Swastik Pipe IPO vs Vedant Asset IPO

Comparision between Swastik Pipe IPO and Vedant Asset IPO.

IPO Details

Swastik Pipe IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Vedant Asset IPO is a SME Fixed Price Issue proposed to list at BSE SME.

  Swastik Pipe IPO Vedant Asset IPO
Logo Swastik Pipe IPO Logo Vedant Asset IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Book Built Issue Fixed Price Issue
Listing At NSE SME BSE SME
Lead Managers Corporate Capitalventures Pvt Ltd Hem Securities Limited
Registrar Skyline Financial Services 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 Swastik Pipe IPO is up to ₹62.52 Cr whereas the issue size of the Vedant Asset IPO is up to ₹3.00 Cr. The final issue price of Swastik Pipe IPO is ₹100.00 per share and of Vedant Asset IPO is ₹40.00 per share.

  Swastik Pipe IPO Vedant Asset IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹97.00 per share
Issue Price (Upper) ₹100.00 per share
Issue Price (Final) ₹100.00 per share ₹40.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 1200 shares 3000 shares
Fresh Issue Size 62,52,000 shares 7,50,000 shares
Fresh Issue Size (Amount) up to ₹62.52 Cr up to ₹3.00 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 62,52,000 shares 7,50,000 shares
Issue Size Total (Amount) up to ₹62.52 Cr up to ₹3.00 Cr

IPO Timetable

Swastik Pipe IPO opens on Sep 29, 2022, while Vedant Asset IPO opens on Sep 30, 2022. The closing date of Swastik Pipe IPO and Vedant Asset IPO is Oct 03, 2022, and Oct 04, 2022, respectively.

  Swastik Pipe IPO Vedant Asset IPO
Anchor Bid Date
Issue Open Sep 29, 2022 Sep 30, 2022
Issue Close Oct 03, 2022 Oct 04, 2022
Basis Of Allotment (Tentative) Oct 07, 2022 Oct 10, 2022
Initiation of Refunds (Tentative) Oct 10, 2022 Oct 11, 2022
Credit of Share (Tentative) Oct 11, 2022 Oct 12, 2022
Listing date (Tentative) Oct 12, 2022 Oct 12, 2022
Anchor Lockin End date 1 Nov 06, 2022 Nov 09, 2022
Anchor Lockin End date 2 Jan 05, 2023 Jan 08, 2023

Financials

Swastik Pipe IPO P/E ratio is 11.38, as compared to Vedant Asset IPO P/E ratio of 80.

  Swastik Pipe IPO Vedant Asset IPO
Financial
Swastik Pipe Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-1935607.6572756.38467.979370.138450.03
31-Mar-2033650.7665807.21-1389.257980.917060.78
31-Mar-2133625.8852383.88148.648129.517209.42
31-Mar-2234127.2161219.772041.1114169.4212471.47
Amount in ₹ Lakhs
Vedant Asset Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-2083.1361.233.45.384.3874.32
31-Mar-21239.16113.478.68214.2213.0617.4
31-Mar-22254.63167.2313.81228.0326.870
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 88.27% 99.99%
Promoter Shareholding (Post-Issue) 64.51% 72.83%
P/E Ratio 11.38 80
Market Cap ₹232.32 Cr. ₹11.05 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Swastik Pipe IPO retail investors (RII) are offered 29,68,800 shares while in Vedant Asset IPO retail investors are offered 29,68,800 shares. Qualified institutional buyers (QIB) are offered in Swastik Pipe IPO and in Vedant Asset IPO.

  Swastik Pipe IPO Vedant Asset IPO
Anchor Investor Reserveration
Market Maker Reserveration 3,14,400 shares 42,000 shares
QIB
NII 29,68,800 shares 3,54,000 shares
RII 29,68,800 shares 3,54,000 shares
Employee
Others
Total 59,37,600 shares 7,08,000 shares

Bids Received (Subscription)

Swastik Pipe IPO subscribed 1.35x in total, whereas Vedant Asset IPO subscribed 49.07x.

  Swastik Pipe IPO Vedant Asset IPO
QIB (times)
NII (times) 1.37x 42.98x
Big NII (times)
Small NII (times)
RII (times) 1.33x 55.16x
Employee (times)
Other (times)
Total (times) 1.35x 49.07x

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