Atmastco IPO vs Esconet Technologies IPO

Comparision between Atmastco IPO and Esconet Technologies IPO.

IPO Details

Atmastco IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Esconet Technologies IPO is a SME Book Built Issue proposed to list at NSE SME.

	Atmastco IPO	Esconet Technologies IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Affinity Global Capital Market Private Limited	Corporate Capitalventures Pvt Ltd
Registrar	Cameo Corporate Services Limited	Skyline Financial Services Private Ltd
Market Maker	Asnani Stock Broker Private Limited	Ss Corporate 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 Atmastco IPO is up to ₹56.25 Cr whereas the issue size of the Esconet Technologies IPO is up to ₹28.22 Cr. The final issue price of Atmastco IPO is ₹77.00 per share and of Esconet Technologies IPO is ₹84.00 per share.

	Atmastco IPO	Esconet Technologies IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹80.00 per share
Issue Price (Upper)		₹84.00 per share
Issue Price (Final)	₹77.00 per share	₹84.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	1600 shares
Fresh Issue Size	54,80,000 shares	33,60,000 shares
Fresh Issue Size (Amount)	up to ₹42.20 Cr	up to ₹28.22 Cr
OFS Issue Size	18,25,600 shares
OFS Issue Size (Amount)	up to ₹14.06 Cr
Issue Size Total	73,05,600 shares	33,60,000 shares
Issue Size Total (Amount)	up to ₹56.25 Cr	up to ₹28.22 Cr

IPO Timetable

Atmastco IPO opens on Feb 15, 2024, while Esconet Technologies IPO opens on Feb 16, 2024. The closing date of Atmastco IPO and Esconet Technologies IPO is Feb 20, 2024, and Feb 20, 2024, respectively.

	Atmastco IPO	Esconet Technologies IPO
Anchor Bid Date		Feb 15, 2024
Issue Open	Feb 15, 2024	Feb 16, 2024
Issue Close	Feb 20, 2024	Feb 20, 2024
Basis Of Allotment (Tentative)	Feb 21, 2024	Feb 21, 2024
Initiation of Refunds (Tentative)	Feb 22, 2024	Feb 22, 2024
Credit of Share (Tentative)	Feb 22, 2024	Feb 22, 2024
Listing date (Tentative)	Feb 23, 2024	Feb 23, 2024
Anchor Lockin End date 1		Mar 22, 2024
Anchor Lockin End date 2		May 21, 2024

Financials

Atmastco IPO P/E ratio is 11.6, as compared to Esconet Technologies IPO P/E ratio of 24.87.

Atmastco IPO

Esconet Technologies IPO

Financial

Atmastco Limited Financial Information (Restated Consolidated)

Atmastco Limited's revenue increased by 156.43% and profit after tax (PAT) rose by 295.58% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Aug 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	24,391.56	23,620.72	13,273.94	12,036.21
Revenue	6,700.16	24,278.76	9,468.14	6,990.68
Profit After Tax	628.74	1,277.75	323.00	60.46
Net Worth	6,259.03	5,520.33	4,235.23	3,912.23
Reserves and Surplus	4,763.72	4,039.20	2,754.10	2,431.10
Total Borrowing	7,317.46	7,125.68	5,155.92	5,410.48
Amount in ₹ Lakhs

Esconet Technologies Limited Financial Information (Restated Consolidated)

Period Ended	30 Sep 2023	31 Mar 2023
Assets	4,260.46	2,798.37
Revenue	7,146.71	9,690.84
Profit After Tax	305.47	304.00
Net Worth	902.97	554.47
Reserves and Surplus	825.19	477.48
Total Borrowing	1,008.95	1,103.89
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

97.39%

89.18%

Promoter Shareholding (Post-Issue)

68.43%

64.94%

P/E Ratio

11.6

24.87

Market Cap

₹190.46 Cr.

₹103.82 Cr.

ROE

23.15%%

75.54%%

ROCE

29.91%%

59.11%%

Debt/Equity

0.48

1.99

EPS

₹6.64

₹39.63

RoNW

23.15%%

54.83%%

Shares Offered

In the Atmastco IPO retail investors (RII) are offered 34,69,600 shares while in Esconet Technologies IPO retail investors are offered 34,69,600 shares. Qualified institutional buyers (QIB) are offered 0 shares in Atmastco IPO and 6,36,800 shares in Esconet Technologies IPO.

	Atmastco IPO	Esconet Technologies IPO
Anchor Investor Reserveration		9,53,600 shares
Market Maker Reserveration	3,66,400 shares	1,76,000 shares
QIB	0 shares	6,36,800 shares
NII	34,69,600 shares	4,78,400 shares
RII	34,69,600 shares	11,15,200 shares
Employee	0 shares	0 shares
Others
Total	69,39,200 shares	22,30,400 shares

Bids Received (Subscription)

Atmastco IPO subscribed 17.61x in total, whereas Esconet Technologies IPO subscribed 507.24x.

	Atmastco IPO	Esconet Technologies IPO
QIB (times)		156.02x
NII (times)	14.92x	868.05x
Big NII (times)
Small NII (times)
RII (times)	18.24x	553.02x
Employee (times)
Other (times)
Total (times)	17.61x	507.24x

Compare with others

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Zenith Drugs IPO	Purv Flexipack IPO
Esconet Technologies IPO	Sadhav Shipping IPO
Trust Fintech IPO	Deem Roll Tech IPO
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Thaai Casting IPO	Trust Fintech IPO
Kalahridhaan Trendz IPO	Interiors and More IPO
Polysil Irrigation Systems IPO	Atmastco IPO
Rudra Gas Enterprise IPO	Thaai Casting IPO
WTI Cabs IPO	Kalahridhaan Trendz IPO

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