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Electro Force India IPO vs Sameera Agro IPO

Comparision between Electro Force India IPO and Sameera Agro IPO.

IPO Details

Electro Force India IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Sameera Agro IPO is a SME Fixed Price Issue proposed to list at NSE SME.

  Electro Force India IPO Sameera Agro IPO
Logo Electro Force India IPO Logo Sameera Agro IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Fixed Price Issue
Listing At NSE SME NSE SME
Lead Managers First Overseas Capital Limited First Overseas Capital Limited
Registrar Skyline Financial Services Private Ltd Kfin Technologies Limited
Market Maker Arham Shares Private Limited Svcm Securities Private 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 Electro Force India IPO is up to ₹80.68 Cr whereas the issue size of the Sameera Agro IPO is up to ₹62.64 Cr. The final issue price of Electro Force India IPO is ₹93.00 per share and of Sameera Agro IPO is ₹180.00 per share.

  Electro Force India IPO Sameera Agro IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final) ₹93.00 per share ₹180.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 1200 shares 800 shares
Fresh Issue Size 60,00,000 shares 34,80,000 shares
Fresh Issue Size (Amount) up to ₹55.80 Cr up to ₹62.64 Cr
OFS Issue Size 26,74,800 shares
OFS Issue Size (Amount) up to ₹24.88 Cr
Issue Size Total 86,74,800 shares 34,80,000 shares
Issue Size Total (Amount) up to ₹80.68 Cr up to ₹62.64 Cr

IPO Timetable

Electro Force India IPO opens on Dec 19, 2023, while Sameera Agro IPO opens on Dec 21, 2023. The closing date of Electro Force India IPO and Sameera Agro IPO is Dec 21, 2023, and Dec 27, 2023, respectively.

  Electro Force India IPO Sameera Agro IPO
Anchor Bid Date
Issue Open Dec 19, 2023 Dec 21, 2023
Issue Close Dec 21, 2023 Dec 27, 2023
Basis Of Allotment (Tentative) Dec 22, 2023 Dec 28, 2023
Initiation of Refunds (Tentative) Dec 26, 2023 Dec 29, 2023
Credit of Share (Tentative) Dec 26, 2023 Dec 29, 2023
Listing date (Tentative) Dec 27, 2023 Jan 01, 2024
Anchor Lockin End date 1 Jan 21, 2024 Jan 27, 2024
Anchor Lockin End date 2 Mar 21, 2024 Mar 27, 2024

Financials

Electro Force India IPO P/E ratio is 20.22, as compared to Sameera Agro IPO P/E ratio of 15.11.

  Electro Force India IPO Sameera Agro IPO
Financial

Electro Force (India) Limited Financial Information (Restated)

Electro Force (India) Limited's revenue decreased by -12.04% and profit after tax (PAT) dropped by -7.48% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets7,827.007,231.514,783.371,719.96
Revenue2,314.193,028.813,443.551,587.13
Profit After Tax711.08799.60864.26-223.69
Net Worth2,546.411,835.331,035.73171.47
Reserves and Surplus806.4195.33535.73-328.53
Total Borrowing
Amount in ₹ Lakhs

Sameera Agro And Infra Limited Financial Information (Restated)

Sameera Agro And Infra Limited's revenue increased by 31.79% and profit after tax (PAT) rose by 266.1% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets6,053.485,808.944,022.603,630.77
Revenue9,436.5213,881.8310,533.568,009.53
Profit After Tax692.191,003.73274.17122.15
Net Worth2,569.661,877.47873.74599.57
Reserves and Surplus1,726.681,034.49452.25178.08
Total Borrowing323.12323.12323.1275.45
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 100.00% 97.49%
Promoter Shareholding (Post-Issue) 62.93% 69.00%
P/E Ratio 20.22 15.11
Market Cap ₹217.62 Cr. ₹214.38 Cr.
ROE 43.57%% 53.46%%
ROCE 58.23%% 64.17%%
Debt/Equity 0.29
EPS ₹4.60 ₹11.91
RoNW 43.57%% 53.46%%

Shares Offered

In the Electro Force India IPO retail investors (RII) are offered 41,19,600 shares while in Sameera Agro IPO retail investors are offered 41,19,600 shares. Qualified institutional buyers (QIB) are offered 0 shares in Electro Force India IPO and 0 shares in Sameera Agro IPO.

  Electro Force India IPO Sameera Agro IPO
Anchor Investor Reserveration
Market Maker Reserveration 4,35,600 shares 1,84,000 shares
QIB 0 shares 0 shares
NII 41,19,600 shares 16,48,000 shares
RII 41,19,600 shares 16,48,000 shares
Employee 0 shares 0 shares
Others
Total 82,39,200 shares 32,96,000 shares

Bids Received (Subscription)

Electro Force India IPO subscribed 4.28x in total, whereas Sameera Agro IPO subscribed 2.92x.

  Electro Force India IPO Sameera Agro IPO
QIB (times)
NII (times) 2.12x 1.70x
Big NII (times)
Small NII (times)
RII (times) 6.44x 4.14x
Employee (times)
Other (times)
Total (times) 4.28x 2.92x

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