Vinsys IT Services IPO vs Zeal Global Services IPO

Comparision between Vinsys IT Services IPO and Zeal Global Services IPO.

IPO Details

Vinsys IT Services IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Zeal Global Services IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Vinsys IT Services IPO	Zeal Global Services IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	Beeline Capital Advisors Pvt Ltd	Expert Global Consultants Private Limited
Registrar	Link Intime India Private Ltd	Skyline Financial Services Private Ltd
Market Maker	Sunflower Broking Private Limited	Rikhav Securities 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 Vinsys IT Services IPO is up to ₹49.84 Cr whereas the issue size of the Zeal Global Services IPO is up to ₹36.46 Cr. The final issue price of Vinsys IT Services IPO is ₹128.00 per share and of Zeal Global Services IPO is ₹103.00 per share.

	Vinsys IT Services IPO	Zeal Global Services IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹121.00 per share
Issue Price (Upper)	₹128.00 per share
Issue Price (Final)	₹128.00 per share	₹103.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1000 shares	1200 shares
Fresh Issue Size	38,94,000 shares	35,40,000 shares
Fresh Issue Size (Amount)	up to ₹49.84 Cr	up to ₹36.46 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	38,94,000 shares	35,40,000 shares
Issue Size Total (Amount)	up to ₹49.84 Cr	up to ₹36.46 Cr

IPO Timetable

Vinsys IT Services IPO opens on Aug 01, 2023, while Zeal Global Services IPO opens on Jul 28, 2023. The closing date of Vinsys IT Services IPO and Zeal Global Services IPO is Aug 04, 2023, and Aug 01, 2023, respectively.

	Vinsys IT Services IPO	Zeal Global Services IPO
Anchor Bid Date	Jul 31, 2023
Issue Open	Aug 01, 2023	Jul 28, 2023
Issue Close	Aug 04, 2023	Aug 01, 2023
Basis Of Allotment (Tentative)	Aug 09, 2023	Aug 04, 2023
Initiation of Refunds (Tentative)	Aug 10, 2023	Aug 07, 2023
Credit of Share (Tentative)	Aug 11, 2023	Aug 08, 2023
Listing date (Tentative)	Aug 11, 2023	Aug 09, 2023
Anchor Lockin End date 1	Sep 08, 2023	Sep 03, 2023
Anchor Lockin End date 2	Nov 07, 2023	Nov 02, 2023

Financials

Vinsys IT Services IPO P/E ratio is 12.51, as compared to Zeal Global Services IPO P/E ratio of 13.83.

Vinsys IT Services IPO

Zeal Global Services IPO

Financial

Vinsys IT Services Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-21	2,739.97	2,041.04	34.78	773.51	673.51	1,427.08
31-Mar-22	3,493.16	3,202.69	-51.61	716.07	616.07	2,050.32
31-Mar-23	7,293.60	9,632.25	1,501.38	2,472.51	1,472.51	2,310.80
Amount in ₹ Lakhs

Zeal Global Services Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	2,203.03	7,671.09	133.60	435.76	375.76	258.00
31-Mar-21	1,893.07	6,094.93	169.61	603.09	543.09	171.41
31-Mar-22	3,194.82	12,127.77	524.30	1,277.22	1,081.82	194.32
31-Jan-23	4,969.26	9,505.38	826.65	2,115.61	1,920.21	1,243.92
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

92.74%

100.00%

Promoter Shareholding (Post-Issue)

68.13%

73.40%

P/E Ratio

12.51

13.83

Market Cap

₹187.88 Cr.

₹137.09 Cr.

ROE

94.17%%

39.07%%

ROCE

51.46%%

0.56%

Debt/Equity

0.93

0.59

EPS

₹15.01

₹8.46

RoNW

60.72%%

48.73%%

Shares Offered

In the Vinsys IT Services IPO retail investors (RII) are offered 12,95,000 shares while in Zeal Global Services IPO retail investors are offered 12,95,000 shares. Qualified institutional buyers (QIB) are offered 7,40,000 shares in Vinsys IT Services IPO and 0 shares in Zeal Global Services IPO.

	Vinsys IT Services IPO	Zeal Global Services IPO
Anchor Investor Reserveration	11,08,000 shares
Market Maker Reserveration	1,95,000 shares	1,77,600 shares
QIB	7,40,000 shares	0 shares
NII	5,56,000 shares	16,80,000 shares
RII	12,95,000 shares	16,82,400 shares
Employee	0 shares	0 shares
Others
Total	25,91,000 shares	33,62,400 shares

Bids Received (Subscription)

Vinsys IT Services IPO subscribed 89.00x in total, whereas Zeal Global Services IPO subscribed 4.06x.

	Vinsys IT Services IPO	Zeal Global Services IPO
QIB (times)	36.95x
NII (times)	105.75x	4.26x
Big NII (times)
Small NII (times)
RII (times)	111.56x	3.85x
Employee (times)
Other (times)
Total (times)	89.00x	4.06x

Compare with others

Vinsys IT Services IPO	Zeal Global Services IPO
Yudiz Solutions IPO	Bondada Engineering IPO
Zeal Global Services IPO	Crop Life Science IPO
Oriana Power IPO	Shelter Pharma IPO
Innovatus Entertainment Networks IPO	Sangani Hospitals IPO
Shri Techtex IPO	Yudiz Solutions IPO
Yasons Chemex Care IPO	Oriana Power IPO
Committed Cargo Care IPO	Innovatus Entertainment Networks IPO
Khazanchi Jewellers IPO	Shri Techtex IPO
Srivari Spices and Foods IPO	Vinsys IT Services IPO
Asarfi Hospital IPO	Yasons Chemex Care IPO

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