Net Avenue Technologies IPO vs Shanti Spintex IPO

Comparision between Net Avenue Technologies IPO and Shanti Spintex IPO.

IPO Details

Net Avenue Technologies IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Shanti Spintex IPO is a SME Book Built Issue proposed to list at BSE SME.

	Net Avenue Technologies IPO	Shanti Spintex IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	BSE SME
Lead Managers	Shreni Shares Limited	Hem Securities Limited
Registrar	Bigshare Services Pvt Ltd	Kfin Technologies Limited
Market Maker	Shreni Shares Limited	Hem Finlease Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Net Avenue Technologies IPO is up to ₹10.25 Cr whereas the issue size of the Shanti Spintex IPO is up to ₹31.25 Cr. The final issue price of Net Avenue Technologies IPO is ₹18.00 per share and of Shanti Spintex IPO is ₹70.00 per share.

	Net Avenue Technologies IPO	Shanti Spintex IPO
Face Value	₹1 per share	₹10 per share
Issue Price (Lower)	₹16.00 per share	₹66.00 per share
Issue Price (Upper)	₹18.00 per share	₹70.00 per share
Issue Price (Final)	₹18.00 per share	₹70.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	8000 shares	2000 shares
Fresh Issue Size	56,96,000 shares	26,88,000 shares
Fresh Issue Size (Amount)	up to ₹10.25 Cr	up to ₹18.82 Cr
OFS Issue Size		17,76,000 shares
OFS Issue Size (Amount)		up to ₹12.43 Cr
Issue Size Total	56,96,000 shares	44,64,000 shares
Issue Size Total (Amount)	up to ₹10.25 Cr	up to ₹31.25 Cr

IPO Timetable

Net Avenue Technologies IPO opens on Nov 30, 2023, while Shanti Spintex IPO opens on Dec 19, 2023. The closing date of Net Avenue Technologies IPO and Shanti Spintex IPO is Dec 04, 2023, and Dec 21, 2023, respectively.

	Net Avenue Technologies IPO	Shanti Spintex IPO
Anchor Bid Date	Nov 29, 2023
Issue Open	Nov 30, 2023	Dec 19, 2023
Issue Close	Dec 04, 2023	Dec 21, 2023
Basis Of Allotment (Tentative)	Dec 07, 2023	Dec 22, 2023
Initiation of Refunds (Tentative)	Dec 08, 2023	Dec 26, 2023
Credit of Share (Tentative)	Dec 11, 2023	Dec 26, 2023
Listing date (Tentative)	Dec 08, 2023	Dec 27, 2023
Anchor Lockin End date 1	Jan 06, 2024	Jan 21, 2024
Anchor Lockin End date 2	Mar 06, 2024	Mar 21, 2024

Financials

Net Avenue Technologies IPO P/E ratio is 8.57, as compared to Shanti Spintex IPO P/E ratio of 9.82.

Net Avenue Technologies IPO

Shanti Spintex IPO

Financial

Net Avenue Technologies Limited Financial Information (Restated Consolidated)

Net Avenue Technologies Limited's revenue increased by 5.34% and profit after tax (PAT) dropped by -32.55% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,317.92	1,419.90	1,295.26	769.85
Revenue	783.89	3,451.26	3,276.16	1,447.54
Profit After Tax	94.39	176.40	261.51	23.11
Net Worth	328.70	233.54	42.57	-228.37
Reserves and Surplus	306.57	211.41	20.44	-250.50
Total Borrowing	292.69	276.06	84.24	191.07
Amount in ₹ Lakhs

Shanti Spintex Limited Financial Information (Restated)

Shanti Spintex Limited's revenue increased by 45.23% and profit after tax (PAT) rose by 108.14% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	17,457.31	17,588.33	13,631.33	11,926.82
Revenue	16,237.63	37,071.27	25,526.51	11,293.73
Profit After Tax	523.75	1,012.81	486.59	337.53
Net Worth	6,122.31	5,603.93	4,622.73	4,136.14
Reserves and Surplus	4,702.31	4,893.93	3,912.73	3,426.14
Total Borrowing	3,474.45	4,177.66	4,868.64	4,278.83
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

45.31%

87.49%

Promoter Shareholding (Post-Issue)

33.28%

73.57%

P/E Ratio

8.57

9.82

Market Cap

₹38.62 Cr.

₹118.22 Cr.

ROE

127.77%%

19.81%%

ROCE

5.28%%

10.12%%

Debt/Equity

1.18

0.75

EPS

₹2.10

₹7.13

RoNW

75.53%%

18.07%%

Shares Offered

In the Net Avenue Technologies IPO retail investors (RII) are offered 18,96,000 shares while in Shanti Spintex IPO retail investors are offered 18,96,000 shares. Qualified institutional buyers (QIB) are offered 10,80,000 shares in Net Avenue Technologies IPO and 8,48,000 shares in Shanti Spintex IPO.

	Net Avenue Technologies IPO	Shanti Spintex IPO
Anchor Investor Reserveration	16,16,000 shares	12,72,000 shares
Market Maker Reserveration	2,88,000 shares	2,24,000 shares
QIB	10,80,000 shares	8,48,000 shares
NII	8,16,000 shares	6,36,000 shares
RII	18,96,000 shares	14,84,000 shares
Employee	0 shares	0 shares
Others
Total	37,92,000 shares	29,68,000 shares

Bids Received (Subscription)

Net Avenue Technologies IPO subscribed 511.21x in total, whereas Shanti Spintex IPO subscribed 27.38x.

	Net Avenue Technologies IPO	Shanti Spintex IPO
QIB (times)	61.99x	14.34x
NII (times)	616.25x	57.28x
Big NII (times)
Small NII (times)
RII (times)	721.89x	22.01x
Employee (times)
Other (times)
Total (times)	511.21x	27.38x

Compare with others

Net Avenue Technologies IPO	Shanti Spintex IPO
Accent Microcell IPO	Siyaram Recycling IPO
Marinetrans India IPO	Presstonic Engineering IPO
Shanti Spintex IPO	S J Logistics IPO
Graphisads IPO	Accent Microcell IPO
AMIC Forging IPO	Marinetrans India IPO
Deepak Chemtex IPO	Graphisads IPO
Swashthik Plascon IPO	AMIC Forging IPO
Rockingdeals Circular Economy IPO	Net Avenue Technologies IPO
Arrowhead Seperation Engineering IPO	Deepak Chemtex IPO
Kalyani Cast Tech IPO	Swashthik Plascon IPO

Comments

Add a public comment...