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Pentagon Rubber IPO vs Veefin Solutions IPO

Comparision between Pentagon Rubber IPO and Veefin Solutions IPO.

IPO Details

Pentagon Rubber 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.

  Pentagon Rubber IPO Veefin Solutions IPO
Logo Pentagon Rubber IPO Logo Veefin Solutions 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 Beeline Capital Advisors Pvt Ltd Shreni Shares Limited
Registrar Link Intime India Private Ltd Bigshare Services Pvt Ltd
Market Maker Sunflower Broking Private Limited Shreni Shares Limited
DRHP DRHP DRHP
RHP RHP RHP
Anchor Investor Anchor Investor
IPO Allotment URL IPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Pentagon Rubber IPO is up to ₹16.17 Cr whereas the issue size of the Veefin Solutions IPO is up to ₹46.73 Cr. The final issue price of Pentagon Rubber IPO is ₹70.00 per share and of Veefin Solutions IPO is ₹82.00 per share.

  Pentagon Rubber IPO Veefin Solutions IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹65.00 per share
Issue Price (Upper) ₹70.00 per share
Issue Price (Final) ₹70.00 per share ₹82.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 2000 shares 1600 shares
Fresh Issue Size 23,10,000 shares 28,49,600 shares
Fresh Issue Size (Amount) up to ₹16.17 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 23,10,000 shares 56,99,200 shares
Issue Size Total (Amount) up to ₹16.17 Cr up to ₹46.73 Cr

IPO Timetable

Pentagon Rubber IPO opens on Jun 26, 2023, while Veefin Solutions IPO opens on Jun 22, 2023. The closing date of Pentagon Rubber IPO and Veefin Solutions IPO is Jun 30, 2023, and Jun 26, 2023, respectively.

  Pentagon Rubber IPO Veefin Solutions IPO
Anchor Bid Date Jun 23, 2023
Issue Open Jun 26, 2023 Jun 22, 2023
Issue Close Jun 30, 2023 Jun 26, 2023
Basis Of Allotment (Tentative) Jul 05, 2023 Jun 30, 2023
Initiation of Refunds (Tentative) Jul 06, 2023 Jul 03, 2023
Credit of Share (Tentative) Jul 07, 2023 Jul 04, 2023
Listing date (Tentative) Jul 07, 2023 Jul 05, 2023
Anchor Lockin End date 1 Aug 04, 2023 Jul 30, 2023
Anchor Lockin End date 2 Oct 03, 2023 Sep 28, 2023

Financials

Pentagon Rubber IPO P/E ratio is 18.76, as compared to Veefin Solutions IPO P/E ratio of 41.41.

  Pentagon Rubber IPO Veefin Solutions IPO
Financial
Pentagon Rubber Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-202,132.821,939.2593.81135.48-264.521,244.86
31-Mar-212,588.992,319.69110.30245.78-154.221,649.42
31-Mar-222,802.183,511.59308.66554.43154.431,758.61
31-Dec-222,956.702,997.88215.86770.30230.301,669.79
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) 100% 56.26%
Promoter Shareholding (Post-Issue) 70.04% 39.84%
P/E Ratio 18.76 41.41
Market Cap ₹53.97 Cr. ₹173.74 Cr.
ROE 32.59%% 13.42%%
ROCE 27.16%% 11.32%%
Debt/Equity 2.17 0.01
EPS ₹3.83 ₹0.48
RoNW 55.67%% 7.57%%

Shares Offered

In the Pentagon Rubber IPO retail investors (RII) are offered 7,70,000 shares while in Veefin Solutions IPO retail investors are offered 7,70,000 shares. Qualified institutional buyers (QIB) are offered 4,38,000 shares in Pentagon Rubber IPO and 0 shares in Veefin Solutions IPO.

  Pentagon Rubber IPO Veefin Solutions IPO
Anchor Investor Reserveration 6,56,000 shares
Market Maker Reserveration 1,16,000 shares 2,88,000 shares
QIB 4,38,000 shares 0 shares
NII 3,30,000 shares 27,05,600 shares
RII 7,70,000 shares 27,05,600 shares
Employee 0 shares 0 shares
Others
Total 15,38,000 shares 54,11,200 shares

Bids Received (Subscription)

Pentagon Rubber IPO subscribed 106.20x in total, whereas Veefin Solutions IPO subscribed 2.46x.

  Pentagon Rubber IPO Veefin Solutions IPO
QIB (times) 27.62x
NII (times) 153.33x 3.26x
Big NII (times)
Small NII (times)
RII (times) 130.70x 1.65x
Employee (times)
Other (times)
Total (times) 106.20x 2.46x

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