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AVP Infracon IPO vs Enser Communications IPO

Comparision between AVP Infracon IPO and Enser Communications IPO.

IPO Details

AVP Infracon IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Enser Communications IPO is a SME Fixed Price Issue proposed to list at NSE SME.

  AVP Infracon IPO Enser Communications IPO
Logo AVP Infracon IPO Logo Enser Communications 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 Share India Capital Services Private Limited Fast Track Finsec Pvt Ltd
Registrar Purva Sharegistry India Pvt Ltd Skyline Financial Services Private Ltd
Market Maker Share India Securities Limited B.N. Rathi 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 AVP Infracon IPO is up to ₹52.34 Cr whereas the issue size of the Enser Communications IPO is up to ₹16.17 Cr. The final issue price of AVP Infracon IPO is ₹75.00 per share and of Enser Communications IPO is ₹70.00 per share.

  AVP Infracon IPO Enser Communications IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹71.00 per share
Issue Price (Upper) ₹75.00 per share
Issue Price (Final) ₹75.00 per share ₹70.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 1600 shares 2000 shares
Fresh Issue Size 69,79,200 shares 23,10,000 shares
Fresh Issue Size (Amount) up to ₹52.34 Cr up to ₹16.17 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 69,79,200 shares 23,10,000 shares
Issue Size Total (Amount) up to ₹52.34 Cr up to ₹16.17 Cr

IPO Timetable

AVP Infracon IPO opens on Mar 13, 2024, while Enser Communications IPO opens on Mar 15, 2024. The closing date of AVP Infracon IPO and Enser Communications IPO is Mar 15, 2024, and Mar 19, 2024, respectively.

  AVP Infracon IPO Enser Communications IPO
Anchor Bid Date Mar 12, 2024
Issue Open Mar 13, 2024 Mar 15, 2024
Issue Close Mar 15, 2024 Mar 19, 2024
Basis Of Allotment (Tentative) Mar 18, 2024 Mar 20, 2024
Initiation of Refunds (Tentative) Mar 19, 2024 Mar 21, 2024
Credit of Share (Tentative) Mar 19, 2024 Mar 21, 2024
Listing date (Tentative) Mar 20, 2024 Mar 22, 2024
Anchor Lockin End date 1 Apr 17, 2024
Anchor Lockin End date 2 Jun 16, 2024

Financials

AVP Infracon IPO P/E ratio is 11.2, as compared to Enser Communications IPO P/E ratio of 28.02.

  AVP Infracon IPO Enser Communications IPO
Financial

AVP Infracon Limited Financial Information (Restated Consolidated)

Period Ended31 Oct 202331 Mar 2023
Assets17,232.8714,670.84
Revenue7,411.9011,550.09
Profit After Tax855.781,205.31
Net Worth3,405.312,549.66
Reserves and Surplus1,605.312,069.66
Total Borrowing7,791.956,729.31
Amount in ₹ Lakhs

Enser Communications Limited Financial Information (Restated)

Enser Communications Limited's revenue increased by 53.63% and profit after tax (PAT) rose by 105.42% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets1,799.261,383.92870.42662.41
Revenue1,815.892,590.971,686.47961.30
Profit After Tax213.98160.0677.92-11.74
Net Worth653.24394.78234.71156.78
Reserves and Surplus652.17393.78233.71155.78
Total Borrowing709.09631.88309.37276.92
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 86.5% 90.13%
Promoter Shareholding (Post-Issue) 62.33% 66.25%
P/E Ratio 11.2 28.02
Market Cap ₹187.34 Cr. ₹61.01 Cr.
ROE 25.05%% 32.76%%
ROCE 22.63%% 34.61%%
Debt/Equity 1.96
EPS ₹6.70 ₹2.50
RoNW 25.05%% 32.76%%

Shares Offered

In the AVP Infracon IPO retail investors (RII) are offered 21,90,400 shares while in Enser Communications IPO retail investors are offered 21,90,400 shares. Qualified institutional buyers (QIB) are offered 12,48,000 shares in AVP Infracon IPO and 0 shares in Enser Communications IPO.

  AVP Infracon IPO Enser Communications IPO
Anchor Investor Reserveration 18,70,400 shares
Market Maker Reserveration 7,31,200 shares 1,18,000 shares
QIB 12,48,000 shares 0 shares
NII 9,39,200 shares 10,96,000 shares
RII 21,90,400 shares 10,96,000 shares
Employee 0 shares 0 shares
Others
Total 43,77,600 shares 21,92,000 shares

Bids Received (Subscription)

AVP Infracon IPO subscribed 21.45x in total, whereas Enser Communications IPO subscribed 7.29x.

  AVP Infracon IPO Enser Communications IPO
QIB (times) 1.05x
NII (times) 46.15x 3.64x
Big NII (times)
Small NII (times)
RII (times) 22.49x 10.92x
Employee (times)
Other (times)
Total (times) 21.45x 7.29x

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