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AVP Infracon IPO vs Royal Sense IPO

Comparision between AVP Infracon IPO and Royal Sense IPO.

IPO Details

AVP Infracon 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.

  AVP Infracon IPO Royal Sense IPO
Logo AVP Infracon IPO Logo 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 Share India Capital Services Private Limited Expert Global Consultants Private Limited
Registrar Purva Sharegistry India Pvt Ltd Bigshare Services Pvt Ltd
Market Maker Share India Securities 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 AVP Infracon IPO is up to ₹52.34 Cr whereas the issue size of the Royal Sense IPO is up to ₹9.86 Cr. The final issue price of AVP Infracon IPO is ₹75.00 per share and of Royal Sense IPO is ₹68.00 per share.

  AVP Infracon 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 69,79,200 shares 14,50,000 shares
Fresh Issue Size (Amount) up to ₹52.34 Cr up to ₹9.86 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 69,79,200 shares 14,50,000 shares
Issue Size Total (Amount) up to ₹52.34 Cr up to ₹9.86 Cr

IPO Timetable

AVP Infracon IPO opens on Mar 13, 2024, while Royal Sense IPO opens on Mar 12, 2024. The closing date of AVP Infracon IPO and Royal Sense IPO is Mar 15, 2024, and Mar 14, 2024, respectively.

  AVP Infracon IPO Royal Sense IPO
Anchor Bid Date Mar 12, 2024
Issue Open Mar 13, 2024 Mar 12, 2024
Issue Close Mar 15, 2024 Mar 14, 2024
Basis Of Allotment (Tentative) Mar 18, 2024 Mar 15, 2024
Initiation of Refunds (Tentative) Mar 19, 2024 Mar 18, 2024
Credit of Share (Tentative) Mar 19, 2024 Mar 18, 2024
Listing date (Tentative) Mar 20, 2024 Mar 19, 2024
Anchor Lockin End date 1 Apr 17, 2024
Anchor Lockin End date 2 Jun 16, 2024

Financials

AVP Infracon IPO P/E ratio is 11.2, as compared to Royal Sense IPO P/E ratio of 33.33.

  AVP Infracon IPO Royal Sense IPO
Financial

AVP Infracon Limited Financial Information (Restated Consolidated)

Period Ended31 Oct 202331 Mar 2023
Assets17,232.8714,670.84
Revenue7,411.9011,550.09
Profit After Tax855.781,205.31
Net Worth3,405.312,549.66
Reserves and Surplus1,605.312,069.66
Total Borrowing7,791.956,729.31
Amount in ₹ Lakhs

Royal Sense Limited Financial Information (Restated)

Period Ended30 Sep 2023
Assets569.87
Revenue804.07
Profit After Tax70.28
Net Worth415.29
Reserves and Surplus70.28
Total Borrowing27.58
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 86.5% 99.99%
Promoter Shareholding (Post-Issue) 62.33% 67.15%
P/E Ratio 11.2 33.33
Market Cap ₹187.34 Cr. ₹33.32 Cr.
ROE 25.05%% 17.00%%
ROCE 22.63%% 23.00%%
Debt/Equity 1.96
EPS ₹6.70 ₹2.04
RoNW 25.05%% 17.00%%

Shares Offered

In the AVP Infracon IPO retail investors (RII) are offered 21,90,400 shares while in Royal Sense IPO retail investors are offered 21,90,400 shares. Qualified institutional buyers (QIB) are offered 12,48,000 shares in AVP Infracon IPO and 0 shares in Royal Sense IPO.

  AVP Infracon IPO Royal Sense IPO
Anchor Investor Reserveration 18,70,400 shares
Market Maker Reserveration 7,31,200 shares 1,60,000 shares
QIB 12,48,000 shares 0 shares
NII 9,39,200 shares 6,45,000 shares
RII 21,90,400 shares 6,45,000 shares
Employee 0 shares 0 shares
Others
Total 43,77,600 shares 12,90,000 shares

Bids Received (Subscription)

AVP Infracon IPO subscribed 21.45x in total, whereas Royal Sense IPO subscribed 8.52x.

  AVP Infracon IPO Royal Sense IPO
QIB (times) 1.05x
NII (times) 46.15x 9.72x
Big NII (times)
Small NII (times)
RII (times) 22.49x 7.32x
Employee (times)
Other (times)
Total (times) 21.45x 8.52x

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