Comrade Appliances IPO vs Proventus Agrocom IPO

Comparision between Comrade Appliances IPO and Proventus Agrocom IPO.

IPO Details

Comrade Appliances IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Proventus Agrocom IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Comrade Appliances IPO	Proventus Agrocom IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	BSE SME	NSE SME
Lead Managers	Gretex Corporate Services Limited	Sundae Capital Advisors
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Gretex Share Broking Private Limited	Ajcon Global Services 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 Comrade Appliances IPO is up to ₹12.30 Cr whereas the issue size of the Proventus Agrocom IPO is up to ₹69.54 Cr. The final issue price of Comrade Appliances IPO is ₹54.00 per share and of Proventus Agrocom IPO is ₹771.00 per share.

	Comrade Appliances IPO	Proventus Agrocom IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹52.00 per share
Issue Price (Upper)	₹54.00 per share
Issue Price (Final)	₹54.00 per share	₹771.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	160 shares
Fresh Issue Size	22,78,000 shares	6,71,773 shares
Fresh Issue Size (Amount)	up to ₹12.30 Cr	up to ₹51.79 Cr
OFS Issue Size		2,30,147 shares
OFS Issue Size (Amount)		up to ₹17.74 Cr
Issue Size Total	22,78,000 shares	9,01,920 shares
Issue Size Total (Amount)	up to ₹12.30 Cr	up to ₹69.54 Cr

IPO Timetable

Comrade Appliances IPO opens on May 31, 2023, while Proventus Agrocom IPO opens on May 24, 2023. The closing date of Comrade Appliances IPO and Proventus Agrocom IPO is Jun 05, 2023, and May 26, 2023, respectively.

	Comrade Appliances IPO	Proventus Agrocom IPO
Anchor Bid Date	May 30, 2023
Issue Open	May 31, 2023	May 24, 2023
Issue Close	Jun 05, 2023	May 26, 2023
Basis Of Allotment (Tentative)	Jun 08, 2023	May 31, 2023
Initiation of Refunds (Tentative)	Jun 09, 2023	Jun 01, 2023
Credit of Share (Tentative)	Jun 12, 2023	Jun 02, 2023
Listing date (Tentative)	Jun 13, 2023	Jun 05, 2023
Anchor Lockin End date 1	Jul 08, 2023	Jun 30, 2023
Anchor Lockin End date 2	Sep 06, 2023	Aug 29, 2023

Financials

Comrade Appliances IPO P/E ratio is 17.14, as compared to Proventus Agrocom IPO P/E ratio of 186.23.

Comrade Appliances IPO

Proventus Agrocom IPO

Financial

Comrade Appliances Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	1,678.98	2,162.29	41.80	293.40	-38.97	400.93
31-Mar-21	3,140.65	2,603.85	20.21	241.77	-90.60	1,412.38
31-Mar-22	2,527.31	2,973.28	38.75	502.43	-14.87	1,113.79
31-Mar-23	2,753.18	2,699.43	163.57	689.41	164.33	1,766.48
Amount in ₹ Lakhs

Proventus Agrochem Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	8,936.94	90,089.01	-2,190.46	5,663.58	4,731.01	1,728.54
31-Mar-21	8,843.36	30,173.92	187.90	5,844.50	4,911.92	2,940.72
31-Mar-22	10,131.13	40,434.57	114.03	5,966.75	5,034.17	3,444.05
31-Dec-22	9,735.37	31,909.63	189.82	6,167.31	5,234.74	3,061.13
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

92.29%

Promoter Shareholding (Post-Issue)

69.74%

70.84%

P/E Ratio

17.14

186.23

Market Cap

₹40.66 Cr.

₹264.27 Cr.

ROE

0.27%%

0.04%%

ROCE

0.16%%

0.05%%

Debt/Equity

1.96

0.56

EPS

₹3.15

₹4.14

RoNW

23.73%%

3.08%%

Shares Offered

In the Comrade Appliances IPO retail investors (RII) are offered 7,58,000 shares while in Proventus Agrocom IPO retail investors are offered 7,58,000 shares. Qualified institutional buyers (QIB) are offered 4,32,000 shares in Comrade Appliances IPO and 0 shares in Proventus Agrocom IPO.

	Comrade Appliances IPO	Proventus Agrocom IPO
Anchor Investor Reserveration	6,48,000 shares
Market Maker Reserveration	1,14,000 shares	45,100 shares
QIB	4,32,000 shares	0 shares
NII	3,26,000 shares	4,28,430 shares
RII	7,58,000 shares	4,28,450 shares
Employee	0 shares	0 shares
Others
Total	15,16,000 shares	8,56,880 shares

Bids Received (Subscription)

Comrade Appliances IPO subscribed 77.25x in total, whereas Proventus Agrocom IPO subscribed 2.70x.

	Comrade Appliances IPO	Proventus Agrocom IPO
QIB (times)	21.86x
NII (times)	162.67x	4.65x
Big NII (times)
Small NII (times)
RII (times)	72.08x	0.74x
Employee (times)
Other (times)
Total (times)	77.25x	2.70x

Compare with others

Comrade Appliances IPO	Proventus Agrocom IPO
Cosmic CRF IPO	Kore Digital IPO
Sonalis Consumer Products IPO	Sahana System IPO
Kore Digital IPO	CFF Fluid Control IPO
Sahana System IPO	Comrade Appliances IPO
CFF Fluid Control IPO	Infollion Research Services IPO
Infollion Research Services IPO	Hemant Surgical Industries IPO
Proventus Agrocom IPO	Vasa Denticity IPO
Hemant Surgical Industries IPO	Spectrum Talent Management IPO
Vasa Denticity IPO	Crayons Advertising IPO
Spectrum Talent Management IPO	Remus Pharmaceuticals IPO

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