Valiant Laboratories IPO vs Zaggle Prepaid Ocean Services IPO

Comparision between Valiant Laboratories IPO and Zaggle Prepaid Ocean Services IPO.

IPO Details

Valiant Laboratories IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Zaggle Prepaid Ocean Services IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Valiant Laboratories IPO	Zaggle Prepaid Ocean Services IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Unistone Capital Pvt Ltd	ICICI Securities Limited Equirus Capital Private Limited Iifl Securities Ltd Jm Financial Limited
Registrar	Link Intime India Private Ltd	Kfin Technologies Limited
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Valiant Laboratories IPO is up to ₹152.46 Cr whereas the issue size of the Zaggle Prepaid Ocean Services IPO is up to ₹563.38 Cr. The final issue price of Valiant Laboratories IPO is ₹140.00 per share and of Zaggle Prepaid Ocean Services IPO is ₹164.00 per share.

	Valiant Laboratories IPO	Zaggle Prepaid Ocean Services IPO
Face Value	₹10 per share	₹1 per share
Issue Price (Lower)	₹133.00 per share	₹156.00 per share
Issue Price (Upper)	₹140.00 per share	₹164.00 per share
Issue Price (Final)	₹140.00 per share	₹164.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	105 shares	90 shares
Fresh Issue Size	1,08,90,000 shares	2,39,02,439 shares
Fresh Issue Size (Amount)	up to ₹152.46 Cr	up to ₹392.00 Cr
OFS Issue Size		1,04,49,816 shares
OFS Issue Size (Amount)		up to ₹171.38 Cr
Issue Size Total	1,08,90,000 shares	3,43,52,255 shares
Issue Size Total (Amount)	up to ₹152.46 Cr	up to ₹563.38 Cr

IPO Timetable

Valiant Laboratories IPO opens on Sep 27, 2023, while Zaggle Prepaid Ocean Services IPO opens on Sep 14, 2023. The closing date of Valiant Laboratories IPO and Zaggle Prepaid Ocean Services IPO is Oct 03, 2023, and Sep 18, 2023, respectively.

	Valiant Laboratories IPO	Zaggle Prepaid Ocean Services IPO
Anchor Bid Date	Sep 26, 2023	Sep 13, 2023
Issue Open	Sep 27, 2023	Sep 14, 2023
Issue Close	Oct 03, 2023	Sep 18, 2023
Basis Of Allotment (Tentative)	Oct 05, 2023	Sep 22, 2023
Initiation of Refunds (Tentative)	Oct 06, 2023	Sep 25, 2023
Credit of Share (Tentative)	Oct 06, 2023	Sep 26, 2023
Listing date (Tentative)	Oct 06, 2023	Sep 22, 2023
Anchor Lockin End date 1	Nov 04, 2023	Oct 22, 2023
Anchor Lockin End date 2	Jan 03, 2024	Dec 21, 2023

Financials

Valiant Laboratories IPO P/E ratio is 15.71, as compared to Zaggle Prepaid Ocean Services IPO P/E ratio of 66.67.

Valiant Laboratories IPO

Zaggle Prepaid Ocean Services IPO

Financial

Valiant Laboratories IPO Financial Information (Restated Standalone)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	106.31	181.81	212.76
Revenue	183.78	293.47	338.77
Profit After Tax	30.59	27.50	29.00
Net Worth	88.58	71.46	100.49
Reserves and Surplus
Total Borrowing	0.35	60.68	59.40

Amount in ₹ Crore

Zaggle Prepaid Ocean Services IPO Financial Information (Restated Consolidated)
Period Ended	31 Mar 2023
Assets	234.76
Revenue	554.58
Profit After Tax	22.90
Net Worth	48.75
Reserves and Surplus	39.36
Total Borrowing	121.07

Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100.00%

57.91%

Promoter Shareholding (Post-Issue)

74.94%

P/E Ratio

15.71

66.67

Market Cap

₹608.30 Cr.

₹2002.00 Cr.

ROE

33.73%%

46.98%%

ROCE

22.76%%

Debt/Equity

0.59

2.48

EPS

₹8.91

₹2.46

RoNW

28.86%%

46.98%%

Shares Offered

In the Valiant Laboratories IPO retail investors (RII) are offered 38,11,500 shares while in Zaggle Prepaid Ocean Services IPO retail investors are offered 38,11,500 shares. Qualified institutional buyers (QIB) are offered 21,78,030 shares in Valiant Laboratories IPO and 1,03,05,677 shares in Zaggle Prepaid Ocean Services IPO.

	Valiant Laboratories IPO	Zaggle Prepaid Ocean Services IPO
Anchor Investor Reserveration	32,66,970 shares	1,54,58,515 shares
Market Maker Reserveration
QIB	21,78,030 shares	1,03,05,677 shares
NII	16,33,500 shares	51,52,838 shares
RII	38,11,500 shares	34,35,225 shares
Employee	0 shares	0 shares
Others
Total	76,23,030 shares	1,88,93,740 shares

Bids Received (Subscription)

Valiant Laboratories IPO subscribed 29.76x in total, whereas Zaggle Prepaid Ocean Services IPO subscribed 12.86x.

	Valiant Laboratories IPO	Zaggle Prepaid Ocean Services IPO
QIB (times)	20.83x	16.94x
NII (times)	73.64x	9.16x
Big NII (times)	78.64x	10.36x
Small NII (times)	63.64x	6.76x
RII (times)	16.06x	6.15x
Employee (times)
Other (times)
Total (times)	29.76x	12.86x

Compare with others

Valiant Laboratories IPO	Zaggle Prepaid Ocean Services IPO
Blue Jet Healthcare IPO	Valiant Laboratories IPO
Protean eGov Technologies IPO	Manoj Vaibhav Gems 'N' Jewellers IPO
IRM Energy IPO	JSW Infrastructure IPO
Plaza Wires IPO	Sai Silks (Kalamandir) IPO
Updater Services IPO	Yatra Online IPO
Manoj Vaibhav Gems 'N' Jewellers IPO	R R Kabel IPO
JSW Infrastructure IPO	SAMHI Hotels IPO
Sai Silks (Kalamandir) IPO	EMS IPO
Yatra Online IPO	Jupiter Life Line Hospitals IPO
Zaggle Prepaid Ocean Services IPO	Rishabh Instruments IPO

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