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Alphalogic Industries IPO vs Veefin Solutions IPO

Comparison between Alphalogic Industries IPO and Veefin Solutions IPO.

IPO Details

Alphalogic Industries IPO is a SME Fixed Price IPO proposed to list at BSE SME while Veefin Solutions IPO is a SME Fixed Price proposed to list at BSE SME.

 Alphalogic Industries IPOVeefin Solutions IPO
LogoAlphalogic Industries IPO LogoVeefin Solutions IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMEBSE SME
Lead ManagersFinshore Management Services Ltd.Shreni Shares Ltd.
RegistrarCameo Corporate Services Ltd.Bigshare Services Pvt.Ltd.
Market MakerNikunj Stock Brokers Ltd.Shreni Shares Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Alphalogic Industries IPO is up to ₹12.23 Cr whereas the issue size of the Veefin Solutions IPO is up to ₹44.37 Cr. The final issue price of Alphalogic Industries IPO is ₹96.00 per share and of Veefin Solutions IPO is ₹82.00 per share.

 Alphalogic Industries IPOVeefin Solutions IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹96.00 per share₹82.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size1200 shares1600 shares
Fresh Issue Size12,74,400 shares25,61,600 shares
Fresh Issue Size (Amount)up to ₹12.23 Crup to ₹21.01 Cr
OFS Issue Size0 shares28,49,600 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹23.37 Cr
Issue Size Total12,74,400 shares54,11,200 shares
Issue Size Total (Amount)up to ₹12.23 Crup to ₹44.37 Cr

IPO Timetable

Alphalogic Industries IPO opens on Jul 03, 2023, while Veefin Solutions IPO opens on Jun 22, 2023. The closing date of Alphalogic Industries IPO and Veefin Solutions IPO is Jul 06, 2023, and Jun 26, 2023, respectively.

 Alphalogic Industries IPOVeefin Solutions IPO
Issue OpenJul 03, 2023Jun 22, 2023
Issue CloseJul 06, 2023Jun 26, 2023
Basis Of Allotment (Tentative)Jul 11, 2023Jun 30, 2023
Initiation of Refunds (Tentative)Jul 12, 2023Jul 03, 2023
Credit of Share (Tentative)Jul 13, 2023Jul 04, 2023
Listing date (Tentative)Jul 14, 2023Jul 05, 2023

Financials & KPIs

Alphalogic Industries IPO P/E ratio is 22.3, as compared to Veefin Solutions IPO P/E ratio of 41.41.

 Alphalogic Industries IPOVeefin Solutions IPO
Financials

Company Financials (Restated Standalone)

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets9.183.740.77
Total Income18.237.843.22
Profit After Tax2.190.310.08
NET Worth4.340.850.18
Reserves and Surplus4.020.660.08
Total Borrowing3.711.680.56
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended31 Jan 202331 Mar 2022
Assets48.2216.08
Total Income12.626.55
Profit After Tax3.500.70
NET Worth42.939.25
Reserves and Surplus24.599.24
Total Borrowing0.513.46
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100%56.26%
Promoter Shareholding (Post-Issue)73.67%39.84%
P/E Ratio22.341.41
Market Cap₹48.91 Cr.₹173.74 Cr.
ROE8513.42
ROCE7511.32
Debt/Equity0.860.01
EPS₹111.53₹0.48
RoNW50.607.57

Shares Offered

In the Alphalogic Industries IPO Retail Individual Investors (RII) are offered 5,71,200 shares while in Veefin Solutions IPO retail investors are offered 5,71,200 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Alphalogic Industries IPO and 0 shares in Veefin Solutions IPO.

 Alphalogic Industries IPOVeefin Solutions IPO
Anchor Investor Reservation0 shares
Market Maker Reservation67,200 shares2,88,000 shares
QIB0 shares0 shares
NII5,70,000 shares27,05,600 shares
RII5,71,200 shares27,05,600 shares
Employee0 shares0 shares
Total12,74,400 shares54,11,200 shares

Bids Received (Subscription)

Alphalogic Industries IPO subscribed 4.76x in total, whereas Veefin Solutions IPO subscribed 2.45x.

 Alphalogic Industries IPOVeefin Solutions IPO
NII (times)4.24x3.26x
RII (times)6.40x1.65x
Total (times)4.76x2.45x

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Alphalogic Industries IPOVeefin Solutions IPO
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Compare:

Alphalogic Industries IPO Vs Veefin Solutions IPO