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Comrade Appliances IPO vs Proventus Agrocom IPO

Comparision between Comrade Appliances IPO and Proventus Agrocom IPO.

IPO Details

Comrade Appliances IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Proventus Agrocom IPO is a SME Fixed Price Issue proposed to list at NSE SME.

  Comrade Appliances IPO Proventus Agrocom IPO
Logo Comrade Appliances IPO Logo Proventus Agrocom IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Book Built Issue Fixed Price Issue
Listing At BSE SME NSE SME
Lead Managers Gretex Corporate Services Limited Sundae Capital Advisors
Registrar Bigshare Services Pvt Ltd Bigshare Services Pvt Ltd
Market Maker Gretex Share Broking Private Limited Ajcon Global Services 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 Comrade Appliances IPO is up to ₹12.30 Cr whereas the issue size of the Proventus Agrocom IPO is up to ₹69.54 Cr. The final issue price of Comrade Appliances IPO is ₹54.00 per share and of Proventus Agrocom IPO is ₹771.00 per share.

  Comrade Appliances IPO Proventus Agrocom IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹52.00 per share
Issue Price (Upper) ₹54.00 per share
Issue Price (Final) ₹54.00 per share ₹771.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 2000 shares 160 shares
Fresh Issue Size 22,78,000 shares 6,71,773 shares
Fresh Issue Size (Amount) up to ₹12.30 Cr up to ₹51.79 Cr
OFS Issue Size 2,30,147 shares
OFS Issue Size (Amount) up to ₹17.74 Cr
Issue Size Total 22,78,000 shares 9,01,920 shares
Issue Size Total (Amount) up to ₹12.30 Cr up to ₹69.54 Cr

IPO Timetable

Comrade Appliances IPO opens on May 31, 2023, while Proventus Agrocom IPO opens on May 24, 2023. The closing date of Comrade Appliances IPO and Proventus Agrocom IPO is Jun 05, 2023, and May 26, 2023, respectively.

  Comrade Appliances IPO Proventus Agrocom IPO
Anchor Bid Date May 30, 2023
Issue Open May 31, 2023 May 24, 2023
Issue Close Jun 05, 2023 May 26, 2023
Basis Of Allotment (Tentative) Jun 08, 2023 May 31, 2023
Initiation of Refunds (Tentative) Jun 09, 2023 Jun 01, 2023
Credit of Share (Tentative) Jun 12, 2023 Jun 02, 2023
Listing date (Tentative) Jun 13, 2023 Jun 05, 2023
Anchor Lockin End date 1 Jul 08, 2023 Jun 30, 2023
Anchor Lockin End date 2 Sep 06, 2023 Aug 29, 2023

Financials

Comrade Appliances IPO P/E ratio is 17.14, as compared to Proventus Agrocom IPO P/E ratio of 186.23.

  Comrade Appliances IPO Proventus Agrocom IPO
Financial
Comrade Appliances Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-201,678.982,162.2941.80293.40-38.97400.93
31-Mar-213,140.652,603.8520.21241.77-90.601,412.38
31-Mar-222,527.312,973.2838.75502.43-14.871,113.79
31-Mar-232,753.182,699.43163.57689.41164.331,766.48
Amount in ₹ Lakhs
Proventus Agrochem Limited Financial Information (Restated Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-208,936.9490,089.01-2,190.465,663.584,731.011,728.54
31-Mar-218,843.3630,173.92187.905,844.504,911.922,940.72
31-Mar-2210,131.1340,434.57114.035,966.755,034.173,444.05
31-Dec-229,735.3731,909.63189.826,167.315,234.743,061.13
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 100.00% 92.29%
Promoter Shareholding (Post-Issue) 69.74% 70.84%
P/E Ratio 17.14 186.23
Market Cap ₹40.66 Cr. ₹264.27 Cr.
ROE 0.27%% 0.04%%
ROCE 0.16%% 0.05%%
Debt/Equity 1.96 0.56
EPS ₹3.15 ₹4.14
RoNW 23.73%% 3.08%%

Shares Offered

In the Comrade Appliances IPO retail investors (RII) are offered 7,58,000 shares while in Proventus Agrocom IPO retail investors are offered 7,58,000 shares. Qualified institutional buyers (QIB) are offered 4,32,000 shares in Comrade Appliances IPO and 0 shares in Proventus Agrocom IPO.

  Comrade Appliances IPO Proventus Agrocom IPO
Anchor Investor Reserveration 6,48,000 shares
Market Maker Reserveration 1,14,000 shares 45,100 shares
QIB 4,32,000 shares 0 shares
NII 3,26,000 shares 4,28,430 shares
RII 7,58,000 shares 4,28,450 shares
Employee 0 shares 0 shares
Others
Total 15,16,000 shares 8,56,880 shares

Bids Received (Subscription)

Comrade Appliances IPO subscribed 77.25x in total, whereas Proventus Agrocom IPO subscribed 2.70x.

  Comrade Appliances IPO Proventus Agrocom IPO
QIB (times) 21.86x
NII (times) 162.67x 4.65x
Big NII (times)
Small NII (times)
RII (times) 72.08x 0.74x
Employee (times)
Other (times)
Total (times) 77.25x 2.70x

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