Earum IPO vs Parshva Enterprises IPO

Comparision between Earum IPO and Parshva Enterprises IPO.

IPO Details

Earum IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Parshva Enterprises IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Earum IPO	Parshva Enterprises IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	BSE SME
Lead Managers	Hem Securities Limited	Inventure Merchant Banker Services Pvt Ltd
Registrar	Bigshare Services Pvt 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 Earum IPO is up to ₹6.65 Cr whereas the issue size of the Parshva Enterprises IPO is up to ₹3.65 Cr. The final issue price of Earum IPO is ₹36.00 per share and of Parshva Enterprises IPO is ₹45.00 per share.

	Earum IPO	Parshva Enterprises IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹36.00 per share	₹45.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	3000 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	18,48,000 shares	8,10,000 shares
Issue Size Total (Amount)	up to ₹6.65 Cr	up to ₹3.65 Cr

IPO Timetable

Earum IPO opens on Jun 21, 2019, while Parshva Enterprises IPO opens on Jun 19, 2019. The closing date of Earum IPO and Parshva Enterprises IPO is Jun 26, 2019, and Jun 21, 2019, respectively.

	Earum IPO	Parshva Enterprises IPO
Anchor Bid Date
Issue Open	Jun 21, 2019	Jun 19, 2019
Issue Close	Jun 26, 2019	Jun 21, 2019
Basis Of Allotment (Tentative)	Jul 01, 2019	Jun 27, 2019
Initiation of Refunds (Tentative)	Jul 02, 2019	Jun 28, 2019
Credit of Share (Tentative)	Jul 03, 2019	Jun 28, 2019
Listing date (Tentative)	Jul 04, 2019	Jul 01, 2019
Anchor Lockin End date 1	Jul 31, 2019	Jul 27, 2019
Anchor Lockin End date 2	Sep 29, 2019	Sep 25, 2019

Financials

Earum IPO P/E ratio is , as compared to Parshva Enterprises IPO P/E ratio of .

Earum IPO

Parshva Enterprises IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Lakhs)
	31-Dec-18	31-Mar-18	31-Dec-17	31-Mar-16
Total Assets	2,741.00	2,052.88	1,108.45	878.71
Total Revenue	3,449.85	3,543.67	2,333.95	1,856.66
Profit After Tax	86.51	85.65	15.98	9.76

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Lakhs)
	31-Mar-19	31-Mar-18
Total Assets	357.93	205.41
Total Revenue	709.22	476.29
Profit After Tax	30.04	3.88

Promoter Shareholding (Pre-Issue)

100%

Promoter Shareholding (Post-Issue)

70.04%

73.09%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Earum IPO retail investors (RII) are offered 8,76,000 shares while in Parshva Enterprises IPO retail investors are offered 8,76,000 shares. Qualified institutional buyers (QIB) are offered in Earum IPO and in Parshva Enterprises IPO.

	Earum IPO	Parshva Enterprises IPO
Anchor Investor Reserveration
Market Maker Reserveration	96,000 shares	42,000 shares
QIB
NII	8,76,000 shares	3,84,000 shares
RII	8,76,000 shares	3,84,000 shares
Employee
Others
Total	17,52,000 shares	7,68,000 shares

Bids Received (Subscription)

Earum IPO subscribed 1.60x in total, whereas Parshva Enterprises IPO subscribed 1.20x.

	Earum IPO	Parshva Enterprises IPO
QIB (times)
NII (times)	1.72x	1.65x
Big NII (times)
Small NII (times)
RII (times)	1.48x	0.74x
Employee (times)
Other (times)
Total (times)	1.60x	1.20x

Compare with others

Earum IPO	Parshva Enterprises IPO
Wonder Fibromats IPO	City Pulse IPO
City Pulse IPO	SK International IPO
SK International IPO	AB Infrabuild IPO
AB Infrabuild IPO	SBC Exports IPO
SBC Exports IPO	Earum IPO
Parshva Enterprises IPO	Anand Rayons IPO
Anand Rayons IPO	Meera Industries FPO
Meera Industries FPO	Suich Industries IPO
Suich Industries IPO	Gensol Engineering IPO
Gensol Engineering IPO	Par Drugs IPO

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