Pratham EPC Projects IPO vs Royal Sense IPO

Comparision between Pratham EPC Projects IPO and Royal Sense IPO.

IPO Details

Pratham EPC Projects IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Royal Sense IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Pratham EPC Projects IPO	Royal Sense IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Beeline Capital Advisors Pvt Ltd	Expert Global Consultants Private Limited
Registrar	Link Intime India Private 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 Pratham EPC Projects IPO is up to ₹36.00 Cr whereas the issue size of the Royal Sense IPO is up to ₹9.86 Cr. The final issue price of Pratham EPC Projects IPO is ₹75.00 per share and of Royal Sense IPO is ₹68.00 per share.

	Pratham EPC Projects IPO	Royal Sense IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹71.00 per share
Issue Price (Upper)	₹75.00 per share
Issue Price (Final)	₹75.00 per share	₹68.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	2000 shares
Fresh Issue Size	48,00,000 shares	14,50,000 shares
Fresh Issue Size (Amount)	up to ₹36.00 Cr	up to ₹9.86 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	48,00,000 shares	14,50,000 shares
Issue Size Total (Amount)	up to ₹36.00 Cr	up to ₹9.86 Cr

IPO Timetable

Pratham EPC Projects IPO opens on Mar 11, 2024, while Royal Sense IPO opens on Mar 12, 2024. The closing date of Pratham EPC Projects IPO and Royal Sense IPO is Mar 13, 2024, and Mar 14, 2024, respectively.

	Pratham EPC Projects IPO	Royal Sense IPO
Anchor Bid Date	Mar 07, 2024
Issue Open	Mar 11, 2024	Mar 12, 2024
Issue Close	Mar 13, 2024	Mar 14, 2024
Basis Of Allotment (Tentative)	Mar 14, 2024	Mar 15, 2024
Initiation of Refunds (Tentative)	Mar 15, 2024	Mar 18, 2024
Credit of Share (Tentative)	Mar 15, 2024	Mar 18, 2024
Listing date (Tentative)	Mar 18, 2024	Mar 19, 2024
Anchor Lockin End date 1	Apr 13, 2024
Anchor Lockin End date 2	Jun 12, 2024

Financials

Pratham EPC Projects IPO P/E ratio is 12.72, as compared to Royal Sense IPO P/E ratio of 33.33.

Pratham EPC Projects IPO

Royal Sense IPO

Financial

Pratham EPC Projects Limited Financial Information (Restated Standalone)

Pratham EPC Projects Limited's revenue increased by 2.07% and profit after tax (PAT) rose by 73.14% 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	4,643.75	4,849.75	2,850.17	2,041.93
Revenue	3,581.37	5,167.29	5,062.66	3,085.03
Profit After Tax	523.41	764.12	441.32	112.85
Net Worth	2,321.26	1,797.86	1,033.73	592.41
Reserves and Surplus	1,025.26	1,716.86	952.73	511.41
Total Borrowing	952.27	1,418.83	246.26	199.48
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)

100.00%

99.99%

Promoter Shareholding (Post-Issue)

72.97%

67.15%

P/E Ratio

12.72

33.33

Market Cap

₹133.20 Cr.

₹33.32 Cr.

ROE

45.10%

17.00%%

ROCE

24.81%

23.00%%

Debt/Equity

EPS

₹5.90

₹2.04

RoNW

22.55%

17.00%%

Shares Offered

In the Pratham EPC Projects IPO retail investors (RII) are offered 15,96,800 shares while in Royal Sense IPO retail investors are offered 15,96,800 shares. Qualified institutional buyers (QIB) are offered 9,12,000 shares in Pratham EPC Projects IPO and 0 shares in Royal Sense IPO.

	Pratham EPC Projects IPO	Royal Sense IPO
Anchor Investor Reserveration	13,66,400 shares
Market Maker Reserveration	2,40,000 shares	1,60,000 shares
QIB	9,12,000 shares	0 shares
NII	6,84,800 shares	6,45,000 shares
RII	15,96,800 shares	6,45,000 shares
Employee	0 shares	0 shares
Others
Total	31,93,600 shares	12,90,000 shares

Bids Received (Subscription)

Pratham EPC Projects IPO subscribed 178.54x in total, whereas Royal Sense IPO subscribed 8.52x.

	Pratham EPC Projects IPO	Royal Sense IPO
QIB (times)	70.28x
NII (times)	320.53x	9.72x
Big NII (times)
Small NII (times)
RII (times)	179.48x	7.32x
Employee (times)
Other (times)
Total (times)	178.54x	8.52x

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