Enser Communications IPO vs Vruddhi Engineering Works IPO

Comparision between Enser Communications IPO and Vruddhi Engineering Works IPO.

IPO Details

Enser Communications IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Vruddhi Engineering Works IPO is a SME Book Built Issue proposed to list at BSE SME.

	Enser Communications IPO	Vruddhi Engineering Works IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	NSE SME	BSE SME
Lead Managers	Fast Track Finsec Pvt Ltd	Fedex Securities Pvt Ltd
Registrar	Skyline Financial Services Private Ltd	Bigshare Services Pvt Ltd
Market Maker	B.N. Rathi Securities Limited	Rikhav Securities Limited
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 Enser Communications IPO is up to ₹16.17 Cr whereas the issue size of the Vruddhi Engineering Works IPO is up to ₹4.76 Cr. The final issue price of Enser Communications IPO is ₹70.00 per share and of Vruddhi Engineering Works IPO is ₹70.00 per share.

	Enser Communications IPO	Vruddhi Engineering Works IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹66.00 per share
Issue Price (Upper)		₹70.00 per share
Issue Price (Final)	₹70.00 per share	₹70.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	2000 shares
Fresh Issue Size	23,10,000 shares	6,80,000 shares
Fresh Issue Size (Amount)	up to ₹16.17 Cr	up to ₹4.76 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	23,10,000 shares	6,80,000 shares
Issue Size Total (Amount)	up to ₹16.17 Cr	up to ₹4.76 Cr

IPO Timetable

Enser Communications IPO opens on Mar 15, 2024, while Vruddhi Engineering Works IPO opens on Mar 26, 2024. The closing date of Enser Communications IPO and Vruddhi Engineering Works IPO is Mar 19, 2024, and Mar 28, 2024, respectively.

	Enser Communications IPO	Vruddhi Engineering Works IPO
Anchor Bid Date
Issue Open	Mar 15, 2024	Mar 26, 2024
Issue Close	Mar 19, 2024	Mar 28, 2024
Basis Of Allotment (Tentative)	Mar 20, 2024	Apr 01, 2024
Initiation of Refunds (Tentative)	Mar 21, 2024	Apr 02, 2024
Credit of Share (Tentative)	Mar 21, 2024	Apr 02, 2024
Listing date (Tentative)	Mar 22, 2024	Apr 03, 2024
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials

Enser Communications IPO P/E ratio is 28.02, as compared to Vruddhi Engineering Works IPO P/E ratio of 17.13.

Enser Communications IPO

Vruddhi Engineering Works IPO

Financial

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 Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,799.26	1,383.92	870.42	662.41
Revenue	1,815.89	2,590.97	1,686.47	961.30
Profit After Tax	213.98	160.06	77.92	-11.74
Net Worth	653.24	394.78	234.71	156.78
Reserves and Surplus	652.17	393.78	233.71	155.78
Total Borrowing	709.09	631.88	309.37	276.92
Amount in ₹ Lakhs

Vruddhi Engineering Works Limited Financial Information (Restated)

Vruddhi Engineering Works Limited's revenue increased by 493.53% and profit after tax (PAT) rose by 697.99% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	808.58	782.33	100.14	3.02
Revenue	935.36	1,309.62	220.65	0.44
Profit After Tax	41.01	75.33	9.44	-0.88
Net Worth	253.13	212.12	9.56	0.12
Reserves and Surplus	68.77	118.55	8.56	-0.88
Total Borrowing	301.91	323.37	47.49	2.22
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

90.13%

96.34%

Promoter Shareholding (Post-Issue)

66.25%

P/E Ratio

28.02

17.13

Market Cap

₹61.01 Cr.

₹17.67 Cr.

ROE

32.76%%

16.20%%

ROCE

34.61%%

15.53%%

Debt/Equity

1.19

EPS

₹2.50

₹4.09

RoNW

32.76%%

16.20%%

Shares Offered

In the Enser Communications IPO retail investors (RII) are offered 10,96,000 shares while in Vruddhi Engineering Works IPO retail investors are offered 10,96,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Enser Communications IPO and 3,20,000 shares in Vruddhi Engineering Works IPO.

	Enser Communications IPO	Vruddhi Engineering Works IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,18,000 shares	36,000 shares
QIB	0 shares	3,20,000 shares
NII	10,96,000 shares	98,000 shares
RII	10,96,000 shares	2,26,000 shares
Employee	0 shares	0 shares
Others
Total	21,92,000 shares

Bids Received (Subscription)

Enser Communications IPO subscribed 7.29x in total, whereas Vruddhi Engineering Works IPO subscribed 12.67x.

	Enser Communications IPO	Vruddhi Engineering Works IPO
QIB (times)		1.05x
NII (times)	3.64x	28.14x
Big NII (times)
Small NII (times)
RII (times)	10.92x	20.10x
Employee (times)
Other (times)
Total (times)	7.29x	12.67x

Compare with others

Enser Communications IPO	Vruddhi Engineering Works IPO
Vruddhi Engineering Works IPO	GConnect Logitech IPO
Naman In-Store (India) IPO	TAC Infosec IPO
Omfurn India FPO	Radiowalla IPO
Vishwas Agri Seeds IPO	Aspire & Innovative IPO
Chatha Foods IPO	Blue Pebble IPO
Enfuse Solutions IPO	Naman In-Store (India) IPO
KP Green Engineering IPO	Omfurn India FPO
Royal Sense IPO	Vishwas Agri Seeds IPO
AVP Infracon IPO	Chatha Foods IPO
Signoria Creation IPO	Enser Communications IPO

Comments

Add a public comment...