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Esconet Technologies IPO vs Sadhav Shipping IPO

Comparision between Esconet Technologies IPO and Sadhav Shipping IPO.

IPO Details

Esconet Technologies IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Sadhav Shipping IPO is a SME Fixed Price Issue proposed to list at NSE SME.

  Esconet Technologies IPO Sadhav Shipping IPO
Logo Esconet Technologies IPO Logo Sadhav Shipping IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Book Built Issue Fixed Price Issue
Listing At NSE SME NSE SME
Lead Managers Corporate Capitalventures Pvt Ltd Isk Advisors Pvt Ltd
Registrar Skyline Financial Services Private Ltd Maashitla Securities Private Limited
Market Maker Ss Corporate Securities Limited Sunflower Broking Private 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 Esconet Technologies IPO is up to ₹28.22 Cr whereas the issue size of the Sadhav Shipping IPO is up to ₹38.18 Cr. The final issue price of Esconet Technologies IPO is ₹84.00 per share and of Sadhav Shipping IPO is ₹95.00 per share.

  Esconet Technologies IPO Sadhav Shipping IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹80.00 per share
Issue Price (Upper) ₹84.00 per share
Issue Price (Final) ₹84.00 per share ₹95.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 1600 shares 1200 shares
Fresh Issue Size 33,60,000 shares 40,18,800 shares
Fresh Issue Size (Amount) up to ₹28.22 Cr up to ₹38.18 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 33,60,000 shares 40,18,800 shares
Issue Size Total (Amount) up to ₹28.22 Cr up to ₹38.18 Cr

IPO Timetable

Esconet Technologies IPO opens on Feb 16, 2024, while Sadhav Shipping IPO opens on Feb 23, 2024. The closing date of Esconet Technologies IPO and Sadhav Shipping IPO is Feb 20, 2024, and Feb 27, 2024, respectively.

  Esconet Technologies IPO Sadhav Shipping IPO
Anchor Bid Date Feb 15, 2024
Issue Open Feb 16, 2024 Feb 23, 2024
Issue Close Feb 20, 2024 Feb 27, 2024
Basis Of Allotment (Tentative) Feb 21, 2024 Feb 28, 2024
Initiation of Refunds (Tentative) Feb 22, 2024 Feb 29, 2024
Credit of Share (Tentative) Feb 22, 2024 Feb 29, 2024
Listing date (Tentative) Feb 23, 2024 Mar 01, 2024
Anchor Lockin End date 1 Mar 22, 2024
Anchor Lockin End date 2 May 21, 2024

Financials

Esconet Technologies IPO P/E ratio is 24.87, as compared to Sadhav Shipping IPO P/E ratio of 12.66.

  Esconet Technologies IPO Sadhav Shipping IPO
Financial

Esconet Technologies Limited Financial Information (Restated Consolidated)

Period Ended30 Sep 202331 Mar 2023
Assets4,260.462,798.37
Revenue7,146.719,690.84
Profit After Tax305.47304.00
Net Worth902.97554.47
Reserves and Surplus825.19477.48
Total Borrowing1,008.951,103.89
Amount in ₹ Lakhs

Sadhav Shipping Limited Financial Information (Restated)

Sadhav Shipping Limited's revenue increased by 13.08% and profit after tax (PAT) rose by 157.68% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets13,113.4911,628.716,909.446,117.64
Revenue3,385.697,890.596,977.946,123.67
Profit After Tax406.97775.44300.93330.77
Net Worth4,501.444,094.463,503.513,205.61
Reserves and Surplus4,206.183,799.213,208.262,910.36
Total Borrowing6,681.845,527.452,083.081,776.04
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 89.18% 96.44%
Promoter Shareholding (Post-Issue) 64.94% 69.44%
P/E Ratio 24.87 12.66
Market Cap ₹103.82 Cr. ₹136.35 Cr.
ROE 75.54%% 20.41%%
ROCE 59.11%% 14.36%%
Debt/Equity 1.99
EPS ₹39.63 ₹7.50
RoNW 54.83%% 18.94%%

Shares Offered

In the Esconet Technologies IPO retail investors (RII) are offered 11,15,200 shares while in Sadhav Shipping IPO retail investors are offered 11,15,200 shares. Qualified institutional buyers (QIB) are offered 6,36,800 shares in Esconet Technologies IPO and 0 shares in Sadhav Shipping IPO.

  Esconet Technologies IPO Sadhav Shipping IPO
Anchor Investor Reserveration 9,53,600 shares
Market Maker Reserveration 1,76,000 shares 2,02,800 shares
QIB 6,36,800 shares 0 shares
NII 4,78,400 shares 19,08,000 shares
RII 11,15,200 shares 19,08,000 shares
Employee 0 shares 0 shares
Others
Total 22,30,400 shares 38,16,000 shares

Bids Received (Subscription)

Esconet Technologies IPO subscribed 507.24x in total, whereas Sadhav Shipping IPO subscribed 135.69x.

  Esconet Technologies IPO Sadhav Shipping IPO
QIB (times) 156.02x
NII (times) 868.05x 184.58x
Big NII (times)
Small NII (times)
RII (times) 553.02x 65.52x
Employee (times)
Other (times)
Total (times) 507.24x 135.69x

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