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Enser Communications IPO vs Royal Sense IPO

Comparision between Enser Communications IPO and Royal Sense IPO.

IPO Details

Enser Communications 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.

  Enser Communications IPO Royal Sense IPO
Logo Enser Communications IPO Logo Royal Sense IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Fixed Price Issue
Listing At NSE SME BSE SME
Lead Managers Fast Track Finsec Pvt Ltd Expert Global Consultants Private Limited
Registrar Skyline Financial Services Private Ltd Bigshare Services Pvt Ltd
Market Maker B.N. Rathi Securities Limited Rikhav Securities Limited
DRHP DRHP DRHP
RHP RHP RHP
Anchor Investor
IPO Allotment URL IPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Enser Communications IPO is up to ₹16.17 Cr whereas the issue size of the Royal Sense IPO is up to ₹9.86 Cr. The final issue price of Enser Communications IPO is ₹70.00 per share and of Royal Sense IPO is ₹68.00 per share.

  Enser Communications IPO Royal Sense IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final) ₹70.00 per share ₹68.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 2000 shares 2000 shares
Fresh Issue Size 23,10,000 shares 14,50,000 shares
Fresh Issue Size (Amount) up to ₹16.17 Cr up to ₹9.86 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 23,10,000 shares 14,50,000 shares
Issue Size Total (Amount) up to ₹16.17 Cr up to ₹9.86 Cr

IPO Timetable

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

  Enser Communications IPO Royal Sense IPO
Anchor Bid Date
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
Anchor Lockin End date 2

Financials

Enser Communications IPO P/E ratio is 28.02, as compared to Royal Sense IPO P/E ratio of 33.33.

  Enser Communications IPO Royal Sense IPO
Financial

Enser Communications Limited Financial Information (Restated)

Enser Communications Limited's revenue increased by 53.63% and profit after tax (PAT) rose by 105.42% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets1,799.261,383.92870.42662.41
Revenue1,815.892,590.971,686.47961.30
Profit After Tax213.98160.0677.92-11.74
Net Worth653.24394.78234.71156.78
Reserves and Surplus652.17393.78233.71155.78
Total Borrowing709.09631.88309.37276.92
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) 90.13% 99.99%
Promoter Shareholding (Post-Issue) 66.25% 67.15%
P/E Ratio 28.02 33.33
Market Cap ₹61.01 Cr. ₹33.32 Cr.
ROE 32.76%% 17.00%%
ROCE 34.61%% 23.00%%
Debt/Equity
EPS ₹2.50 ₹2.04
RoNW 32.76%% 17.00%%

Shares Offered

In the Enser Communications IPO retail investors (RII) are offered 10,96,000 shares while in Royal Sense IPO retail investors are offered 10,96,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Enser Communications IPO and 0 shares in Royal Sense IPO.

  Enser Communications IPO Royal Sense IPO
Anchor Investor Reserveration
Market Maker Reserveration 1,18,000 shares 1,60,000 shares
QIB 0 shares 0 shares
NII 10,96,000 shares 6,45,000 shares
RII 10,96,000 shares 6,45,000 shares
Employee 0 shares 0 shares
Others
Total 21,92,000 shares 12,90,000 shares

Bids Received (Subscription)

Enser Communications IPO subscribed 7.29x in total, whereas Royal Sense IPO subscribed 8.52x.

  Enser Communications IPO Royal Sense IPO
QIB (times)
NII (times) 3.64x 9.72x
Big NII (times)
Small NII (times)
RII (times) 10.92x 7.32x
Employee (times)
Other (times)
Total (times) 7.29x 8.52x

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