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Magson IPO vs Veefin Solutions IPO

Comparision between Magson IPO and Veefin Solutions IPO.

IPO Details

Magson IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Veefin Solutions IPO is a SME Fixed Price Issue proposed to list at BSE SME.

  Magson IPO Veefin Solutions IPO
Logo Magson IPO Logo Veefin Solutions IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Fixed Price Issue
Listing At NSE SME BSE SME
Lead Managers Isk Advisors Pvt Ltd Shreni Shares Limited
Registrar Bigshare Services Pvt Ltd Bigshare Services Pvt Ltd
Market Maker Sunflower Broking Private Limited Shreni Shares Limited
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 Magson IPO is up to ₹13.74 Cr whereas the issue size of the Veefin Solutions IPO is up to ₹46.73 Cr. The final issue price of Magson IPO is ₹65.00 per share and of Veefin Solutions IPO is ₹82.00 per share.

  Magson IPO Veefin Solutions IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final) ₹65.00 per share ₹82.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 2000 shares 1600 shares
Fresh Issue Size 21,14,000 shares 28,49,600 shares
Fresh Issue Size (Amount) up to ₹13.74 Cr up to ₹23.37 Cr
OFS Issue Size 28,49,600 shares
OFS Issue Size (Amount) up to ₹23.37 Cr
Issue Size Total 21,14,000 shares 56,99,200 shares
Issue Size Total (Amount) up to ₹13.74 Cr up to ₹46.73 Cr

IPO Timetable

Magson IPO opens on Jun 23, 2023, while Veefin Solutions IPO opens on Jun 22, 2023. The closing date of Magson IPO and Veefin Solutions IPO is Jun 27, 2023, and Jun 26, 2023, respectively.

  Magson IPO Veefin Solutions IPO
Anchor Bid Date
Issue Open Jun 23, 2023 Jun 22, 2023
Issue Close Jun 27, 2023 Jun 26, 2023
Basis Of Allotment (Tentative) Jul 03, 2023 Jun 30, 2023
Initiation of Refunds (Tentative) Jul 04, 2023 Jul 03, 2023
Credit of Share (Tentative) Jul 05, 2023 Jul 04, 2023
Listing date (Tentative) Jul 06, 2023 Jul 05, 2023
Anchor Lockin End date 1 Aug 02, 2023 Jul 30, 2023
Anchor Lockin End date 2 Oct 01, 2023 Sep 28, 2023

Financials

Magson IPO P/E ratio is 20.25, as compared to Veefin Solutions IPO P/E ratio of 41.41.

  Magson IPO Veefin Solutions IPO
Financial
Magson Retail And Distribution Limited Financial Information (Restated Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20833.453,241.22166.31169.04168.04354.00
31-Mar-211,283.845,358.92181.75350.80349.80386.60
31-Mar-221,494.695,566.77223.36574.06573.06344.72
31-Mar-231,999.876,301.49251.88926.25352.65321.95
Amount in ₹ Lakhs
Veefin Solutions Limited Financial Information (Restated Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-221,607.93655.1970.01925.10923.86346.32
31-Jan-234,821.701,262.36350.024,293.212,459.4350.81
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 95.89% 56.26%
Promoter Shareholding (Post-Issue) 70.06% 39.84%
P/E Ratio 20.25 41.41
Market Cap ₹51.03 Cr. ₹173.74 Cr.
ROE 13.42%%
ROCE 11.32%%
Debt/Equity 0.35 0.01
EPS ₹4.96 ₹0.48
RoNW 27.19%% 7.57%%

Shares Offered

In the Magson IPO retail investors (RII) are offered 10,04,000 shares while in Veefin Solutions IPO retail investors are offered 10,04,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Magson IPO and 0 shares in Veefin Solutions IPO.

  Magson IPO Veefin Solutions IPO
Anchor Investor Reserveration
Market Maker Reserveration 1,06,000 shares 2,88,000 shares
QIB 0 shares 0 shares
NII 10,04,000 shares 27,05,600 shares
RII 10,04,000 shares 27,05,600 shares
Employee 0 shares 0 shares
Others
Total 20,08,000 shares 54,11,200 shares

Bids Received (Subscription)

Magson IPO subscribed 6.74x in total, whereas Veefin Solutions IPO subscribed 2.46x.

  Magson IPO Veefin Solutions IPO
QIB (times)
NII (times) 6.09x 3.26x
Big NII (times)
Small NII (times)
RII (times) 7.38x 1.65x
Employee (times)
Other (times)
Total (times) 6.74x 2.46x

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