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AB Cotspin IPO vs Wherrelz IT Solutions IPO

Comparision between AB Cotspin IPO and Wherrelz IT Solutions IPO.

IPO Details

AB Cotspin IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Wherrelz IT Solutions IPO is a SME Fixed Price Issue proposed to list at BSE SME.

  AB Cotspin IPO Wherrelz IT Solutions IPO
Logo AB Cotspin IPO Logo Wherrelz IT 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 Pantomath Capital Advisors Pvt Ltd Fedex Securities Pvt Ltd
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 AB Cotspin IPO is up to ₹10.09 Cr whereas the issue size of the Wherrelz IT Solutions IPO is up to ₹2.01 Cr. The final issue price of AB Cotspin IPO is ₹35.00 per share and of Wherrelz IT Solutions IPO is ₹171.00 per share.

  AB Cotspin IPO Wherrelz IT Solutions IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹33.00 per share
Issue Price (Upper) ₹35.00 per share
Issue Price (Final) ₹35.00 per share ₹171.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 4000 shares 800 shares
Fresh Issue Size 28,84,000 shares 1,17,600 shares
Fresh Issue Size (Amount) up to ₹10.09 Cr up to ₹2.01 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 28,84,000 shares 1,17,600 shares
Issue Size Total (Amount) up to ₹10.09 Cr up to ₹2.01 Cr

IPO Timetable

AB Cotspin IPO opens on Dec 30, 2021, while Wherrelz IT Solutions IPO opens on Dec 16, 2021. The closing date of AB Cotspin IPO and Wherrelz IT Solutions IPO is Jan 03, 2022, and Dec 21, 2021, respectively.

  AB Cotspin IPO Wherrelz IT Solutions IPO
Anchor Bid Date
Issue Open Dec 30, 2021 Dec 16, 2021
Issue Close Jan 03, 2022 Dec 21, 2021
Basis Of Allotment (Tentative) Jan 06, 2022 Dec 24, 2021
Initiation of Refunds (Tentative) Jan 07, 2022 Dec 27, 2021
Credit of Share (Tentative) Jan 10, 2022 Dec 28, 2021
Listing date (Tentative) Jan 11, 2022 Dec 29, 2021
Anchor Lockin End date 1 Feb 05, 2022 Jan 23, 2022
Anchor Lockin End date 2 Apr 06, 2022 Mar 24, 2022

Financials

AB Cotspin IPO P/E ratio is 2.71, as compared to Wherrelz IT Solutions IPO P/E ratio of .

  AB Cotspin IPO Wherrelz IT Solutions IPO
Financial
Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Millions)
  30-Jun-21 31-Mar-21 31-Mar-20
Total Assets 718.42 636.96 527.61
Total Revenue 305.34 1,155.67 942.81
Profit After Tax 33.22 38.78 7.57
Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Lakhs)
30-Jun-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 18.65 9.01 8.12 7.81
Total Revenue 7.43 20.47 22.12 20.13
Profit After Tax - 15.38 1.44 3.16 1.24
Promoter Shareholding (Pre-Issue) 48.50% 29.41%
Promoter Shareholding (Post-Issue) 34.91% 20.53%
P/E Ratio 2.71
Market Cap ₹36.02 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the AB Cotspin IPO retail investors (RII) are offered 13,68,000 shares while in Wherrelz IT Solutions IPO retail investors are offered 13,68,000 shares. Qualified institutional buyers (QIB) are offered in AB Cotspin IPO and in Wherrelz IT Solutions IPO.

  AB Cotspin IPO Wherrelz IT Solutions IPO
Anchor Investor Reserveration
Market Maker Reserveration 1,48,000 shares 7,200 shares
QIB
NII 13,68,000 shares 55,200 shares
RII 13,68,000 shares 55,200 shares
Employee
Others
Total 27,36,000 shares 1,10,400 shares

Bids Received (Subscription)

AB Cotspin IPO subscribed 13.46x in total, whereas Wherrelz IT Solutions IPO subscribed 2.25x.

  AB Cotspin IPO Wherrelz IT Solutions IPO
QIB (times)
NII (times) 9.45x 1.65x
Big NII (times)
Small NII (times)
RII (times) 17.47x 2.86x
Employee (times)
Other (times)
Total (times) 13.46x 2.25x

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