Plaza Wires IPO vs Protean eGov Technologies IPO

Comparision between Plaza Wires IPO and Protean eGov Technologies IPO.

IPO Details

Plaza Wires IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Protean eGov Technologies IPO is a Mainline Book Built Issue proposed to list at BSE.

	Plaza Wires IPO	Protean eGov Technologies IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE
Lead Managers	Pantomath Capital Advisors Pvt Ltd	ICICI Securities Limited Equirus Capital Private Limited Iifl Securities Ltd Nomura Financial Advisory And Securities (India) Pvt Ltd
Registrar	Kfin Technologies Limited	Link Intime India Private Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Plaza Wires IPO is up to ₹71.28 Cr whereas the issue size of the Protean eGov Technologies IPO is up to ₹490.33 Cr. The final issue price of Plaza Wires IPO is ₹54.00 per share and of Protean eGov Technologies IPO is ₹792.00 per share.

	Plaza Wires IPO	Protean eGov Technologies IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹51.00 per share	₹752.00 per share
Issue Price (Upper)	₹54.00 per share	₹792.00 per share
Issue Price (Final)	₹54.00 per share	₹792.00 per share
Discount (Retail)
Discount (Employee)		₹75.00 per share
Market Lot Size	277 shares	18 shares
Fresh Issue Size	1,32,00,158 shares
Fresh Issue Size (Amount)	up to ₹71.28 Cr
OFS Issue Size		61,91,000 shares
OFS Issue Size (Amount)		up to ₹490.33 Cr
Issue Size Total	1,32,00,158 shares	61,91,000 shares
Issue Size Total (Amount)	up to ₹71.28 Cr	up to ₹490.33 Cr

IPO Timetable

Plaza Wires IPO opens on Sep 29, 2023, while Protean eGov Technologies IPO opens on Nov 06, 2023. The closing date of Plaza Wires IPO and Protean eGov Technologies IPO is Oct 05, 2023, and Nov 08, 2023, respectively.

	Plaza Wires IPO	Protean eGov Technologies IPO
Anchor Bid Date	Sep 27, 2023	Nov 03, 2023
Issue Open	Sep 29, 2023	Nov 06, 2023
Issue Close	Oct 05, 2023	Nov 08, 2023
Basis Of Allotment (Tentative)	Oct 09, 2023	Nov 13, 2023
Initiation of Refunds (Tentative)	Oct 11, 2023	Nov 15, 2023
Credit of Share (Tentative)	Oct 12, 2023	Nov 16, 2023
Listing date (Tentative)	Oct 12, 2023	Nov 13, 2023
Anchor Lockin End date 1	Nov 08, 2023	Dec 13, 2023
Anchor Lockin End date 2	Jan 07, 2024	Feb 11, 2024

Financials

Plaza Wires IPO P/E ratio is 21.95, as compared to Protean eGov Technologies IPO P/E ratio of 29.91.

Plaza Wires IPO

Protean eGov Technologies IPO

Financial

Plaza Wires Limited Financial Information (Restated)

Plaza Wires Limited's revenue increased by 3.2% and profit after tax (PAT) rose by 26.13% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	112.10	104.17	99.28
Revenue	182.60	176.94	145.60
Profit After Tax	7.51	5.95	4.24
Net Worth	53.08	45.52	39.48
Reserves and Surplus	22.53	14.96	35.66
Total Borrowing	39.68	40.09	43.30
Amount in ₹ Crore

Protean eGov Technologies Limited Financial Information (Restated Consolidated)

Protean eGov Technologies Limited's revenue increased by 1.78% and profit after tax (PAT) dropped by -25.63% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,133.86	1,104.10	988.14	862.39
Revenue	233.17	783.87	770.18	652.03
Profit After Tax	32.21	107.04	143.94	92.19
Net Worth	888.10	856.94	788.00	667.46
Reserves and Surplus	847.48	816.33	747.43	627.14
Total Borrowing
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100%

Promoter Shareholding (Post-Issue)

69.83%

P/E Ratio

21.95

29.91

Market Cap

₹236.26 Cr.

₹3203.38 Cr.

ROE

14.15%%

12.49%%

ROCE

15.57%%

16.13%%

Debt/Equity

0.75

EPS

₹2.46

₹26.48

RoNW

14.16%%

12.49%%

Shares Offered

In the Plaza Wires IPO retail investors (RII) are offered 13,20,015 shares while in Protean eGov Technologies IPO retail investors are offered 13,20,015 shares. Qualified institutional buyers (QIB) are offered 61,96,076 shares in Plaza Wires IPO and 12,08,200 shares in Protean eGov Technologies IPO.

	Plaza Wires IPO	Protean eGov Technologies IPO
Anchor Investor Reserveration	37,04,044 shares	18,12,300 shares
Market Maker Reserveration
QIB	61,96,076 shares	12,08,200 shares
NII	19,80,023 shares	9,06,150 shares
RII	13,20,015 shares	21,14,350 shares
Employee	0 shares	1,50,000 shares
Others
Total	94,96,114 shares	43,78,700 shares

Bids Received (Subscription)

Plaza Wires IPO subscribed 160.97x in total, whereas Protean eGov Technologies IPO subscribed 23.86x.

	Plaza Wires IPO	Protean eGov Technologies IPO
QIB (times)	42.84x	46.94x
NII (times)	388.09x	31.62x
Big NII (times)	360.92x	33.14x
Small NII (times)	442.42x	28.58x
RII (times)	374.81x	8.93x
Employee (times)		1.49x
Other (times)
Total (times)	160.97x	23.86x

Compare with others

Plaza Wires IPO	Protean eGov Technologies IPO
Cello World Limited IPO	ASK Automotive IPO
Mamaearth IPO	ESAF Small Finance Bank IPO
Blue Jet Healthcare IPO	Cello World Limited IPO
Protean eGov Technologies IPO	Mamaearth IPO
IRM Energy IPO	Blue Jet Healthcare IPO
Updater Services IPO	IRM Energy IPO
Valiant Laboratories IPO	Plaza Wires IPO
Manoj Vaibhav Gems 'N' Jewellers IPO	Updater Services IPO
JSW Infrastructure IPO	Valiant Laboratories IPO
Sai Silks (Kalamandir) IPO	Manoj Vaibhav Gems 'N' Jewellers IPO

Comments

Add a public comment...