KP Green Engineering IPO vs Royal Sense IPO

Comparision between KP Green Engineering IPO and Royal Sense IPO.

IPO Details

KP Green Engineering IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Royal Sense IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	KP Green Engineering IPO	Royal Sense IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	BSE SME	BSE SME
Lead Managers	Beeline Capital Advisors Pvt Ltd	Expert Global Consultants Private Limited
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Spread X Securities Private Limited	Rikhav 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 KP Green Engineering IPO is up to ₹189.50 Cr whereas the issue size of the Royal Sense IPO is up to ₹9.86 Cr. The final issue price of KP Green Engineering IPO is ₹144.00 per share and of Royal Sense IPO is ₹68.00 per share.

	KP Green Engineering IPO	Royal Sense IPO
Face Value	₹5 per share	₹10 per share
Issue Price (Lower)	₹137.00 per share
Issue Price (Upper)	₹144.00 per share
Issue Price (Final)	₹144.00 per share	₹68.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1000 shares	2000 shares
Fresh Issue Size	1,31,60,000 shares	14,50,000 shares
Fresh Issue Size (Amount)	up to ₹189.50 Cr	up to ₹9.86 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	1,31,60,000 shares	14,50,000 shares
Issue Size Total (Amount)	up to ₹189.50 Cr	up to ₹9.86 Cr

IPO Timetable

KP Green Engineering IPO opens on Mar 15, 2024, while Royal Sense IPO opens on Mar 12, 2024. The closing date of KP Green Engineering IPO and Royal Sense IPO is Mar 19, 2024, and Mar 14, 2024, respectively.

	KP Green Engineering IPO	Royal Sense IPO
Anchor Bid Date	Mar 13, 2024
Issue Open	Mar 15, 2024	Mar 12, 2024
Issue Close	Mar 19, 2024	Mar 14, 2024
Basis Of Allotment (Tentative)	Mar 20, 2024	Mar 15, 2024
Initiation of Refunds (Tentative)	Mar 21, 2024	Mar 18, 2024
Credit of Share (Tentative)	Mar 21, 2024	Mar 18, 2024
Listing date (Tentative)	Mar 22, 2024	Mar 19, 2024
Anchor Lockin End date 1	Apr 19, 2024
Anchor Lockin End date 2	Jun 18, 2024

Financials

KP Green Engineering IPO P/E ratio is 42.8, as compared to Royal Sense IPO P/E ratio of 33.33.

KP Green Engineering IPO

Royal Sense IPO

Financial

KP Green Engineering Limited Financial Information (Restated Consolidated)

Period Ended	30 Sep 2023	31 Mar 2023
Assets	13,635.62	9,506.65
Revenue	10,413.64	11,478.50
Profit After Tax	1,126.64	1,239.45
Reserves and Surplus	2,624.03	3,177.38
Amount in ₹ Lakhs

Royal Sense Limited Financial Information (Restated)

Period Ended	30 Sep 2023
Assets	569.87
Revenue	804.07
Profit After Tax	70.28
Net Worth	415.29
Reserves and Surplus	70.28
Total Borrowing	27.58
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

90.37%

99.99%

Promoter Shareholding (Post-Issue)

66.59%

67.15%

P/E Ratio

42.8

33.33

Market Cap

₹720.00 Cr.

₹33.32 Cr.

ROE

29.24%%

17.00%%

ROCE

23.05%%

23.00%%

Debt/Equity

1.11

EPS

₹3.36

₹2.04

RoNW

25.51%%

17.00%%

Shares Offered

In the KP Green Engineering IPO retail investors (RII) are offered 43,76,000 shares while in Royal Sense IPO retail investors are offered 43,76,000 shares. Qualified institutional buyers (QIB) are offered 25,00,000 shares in KP Green Engineering IPO and 0 shares in Royal Sense IPO.

	KP Green Engineering IPO	Royal Sense IPO
Anchor Investor Reserveration	37,50,000 shares
Market Maker Reserveration	6,58,000 shares	1,60,000 shares
QIB	25,00,000 shares	0 shares
NII	18,76,000 shares	6,45,000 shares
RII	43,76,000 shares	6,45,000 shares
Employee	0 shares	0 shares
Others
Total	87,52,000 shares	12,90,000 shares

Bids Received (Subscription)

KP Green Engineering IPO subscribed 29.50x in total, whereas Royal Sense IPO subscribed 8.52x.

	KP Green Engineering IPO	Royal Sense IPO
QIB (times)	31.86x
NII (times)	48.23x	9.72x
Big NII (times)
Small NII (times)
RII (times)	20.12x	7.32x
Employee (times)
Other (times)
Total (times)	29.50x	8.52x

Compare with others

KP Green Engineering IPO	Royal Sense IPO
Omfurn India FPO	Vishwas Agri Seeds IPO
Vishwas Agri Seeds IPO	Chatha Foods IPO
Chatha Foods IPO	Enser Communications IPO
Enser Communications IPO	Enfuse Solutions IPO
Enfuse Solutions IPO	KP Green Engineering IPO
Royal Sense IPO	AVP Infracon IPO
AVP Infracon IPO	Signoria Creation IPO
Signoria Creation IPO	Pratham EPC Projects IPO
Pratham EPC Projects IPO	Koura Fine Diamond Jewelry IPO
Koura Fine Diamond Jewelry IPO	Shree Karni Fabcom IPO

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