Comrade Appliances IPO vs Spectrum Talent Management IPO

Comparision between Comrade Appliances IPO and Spectrum Talent Management IPO.

IPO Details

Comrade Appliances IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Spectrum Talent Management IPO is a SME Book Built Issue proposed to list at NSE SME.

	Comrade Appliances IPO	Spectrum Talent Management IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE SME	NSE SME
Lead Managers	Gretex Corporate Services Limited	Sarthi Capital Advisors Private Limited
Registrar	Bigshare Services Pvt Ltd	Skyline Financial Services Private Ltd
Market Maker	Gretex Share Broking Private 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 Comrade Appliances IPO is up to ₹12.30 Cr whereas the issue size of the Spectrum Talent Management IPO is up to ₹105.14 Cr. The final issue price of Comrade Appliances IPO is ₹54.00 per share and of Spectrum Talent Management IPO is ₹173.00 per share.

	Comrade Appliances IPO	Spectrum Talent Management IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹52.00 per share	₹169.00 per share
Issue Price (Upper)	₹54.00 per share	₹173.00 per share
Issue Price (Final)	₹54.00 per share	₹173.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	800 shares
Fresh Issue Size	22,78,000 shares	51,85,600 shares
Fresh Issue Size (Amount)	up to ₹12.30 Cr	up to ₹89.71 Cr
OFS Issue Size		8,92,000 shares
OFS Issue Size (Amount)		up to ₹15.43 Cr
Issue Size Total	22,78,000 shares	60,77,600 shares
Issue Size Total (Amount)	up to ₹12.30 Cr	up to ₹105.14 Cr

IPO Timetable

Comrade Appliances IPO opens on May 31, 2023, while Spectrum Talent Management IPO opens on Jun 09, 2023. The closing date of Comrade Appliances IPO and Spectrum Talent Management IPO is Jun 05, 2023, and Jun 14, 2023, respectively.

	Comrade Appliances IPO	Spectrum Talent Management IPO
Anchor Bid Date	May 30, 2023
Issue Open	May 31, 2023	Jun 09, 2023
Issue Close	Jun 05, 2023	Jun 14, 2023
Basis Of Allotment (Tentative)	Jun 08, 2023	Jun 19, 2023
Initiation of Refunds (Tentative)	Jun 09, 2023	Jun 20, 2023
Credit of Share (Tentative)	Jun 12, 2023	Jun 21, 2023
Listing date (Tentative)	Jun 13, 2023	Jun 22, 2023
Anchor Lockin End date 1	Jul 08, 2023	Jul 19, 2023
Anchor Lockin End date 2	Sep 06, 2023	Sep 17, 2023

Financials

Comrade Appliances IPO P/E ratio is 17.14, as compared to Spectrum Talent Management IPO P/E ratio of 15.

Comrade Appliances IPO

Spectrum Talent Management IPO

Financial

Comrade Appliances Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	1,678.98	2,162.29	41.80	293.40	-38.97	400.93
31-Mar-21	3,140.65	2,603.85	20.21	241.77	-90.60	1,412.38
31-Mar-22	2,527.31	2,973.28	38.75	502.43	-14.87	1,113.79
31-Mar-23	2,753.18	2,699.43	163.57	689.41	164.33	1,766.48
Amount in ₹ Lakhs

Spectrum Talent Management Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	4,081.10	32,362.37	675.96	1,500.36	1,025.36	422.19
31-Mar-21	4,630.20	30,296.00	476.41	1,976.30	1,026.30	60.72
31-Mar-22	6,479.29	48,372.17	1,552.71	2,827.37	1,972.37	1,026.88
31-Dec-22	8,657.66	58,415.74	1,997.46	4,844.57	3,053.82	255.09
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

Promoter Shareholding (Post-Issue)

69.74%

72.25%

P/E Ratio

17.14

Market Cap

₹40.66 Cr.

ROE

0.27%%

ROCE

0.16%%

Debt/Equity

1.96

EPS

₹3.15

₹10.25

RoNW

23.73%%

42.99%%

Shares Offered

In the Comrade Appliances IPO retail investors (RII) are offered 7,58,000 shares while in Spectrum Talent Management IPO retail investors are offered 7,58,000 shares. Qualified institutional buyers (QIB) are offered 4,32,000 shares in Comrade Appliances IPO and 5,76,000 shares in Spectrum Talent Management IPO.

	Comrade Appliances IPO	Spectrum Talent Management IPO
Anchor Investor Reserveration	6,48,000 shares
Market Maker Reserveration	1,14,000 shares	3,04,000 shares
QIB	4,32,000 shares	5,76,000 shares
NII	3,26,000 shares	25,98,400 shares
RII	7,58,000 shares	25,99,200 shares
Employee	0 shares	0 shares
Others
Total	15,16,000 shares	57,73,600 shares

Bids Received (Subscription)

Comrade Appliances IPO subscribed 77.25x in total, whereas Spectrum Talent Management IPO subscribed 12.27x.

	Comrade Appliances IPO	Spectrum Talent Management IPO
QIB (times)	21.86x	11.21x
NII (times)	162.67x	11.68x
Big NII (times)
Small NII (times)
RII (times)	72.08x	13.10x
Employee (times)
Other (times)
Total (times)	77.25x	12.27x

Compare with others

Comrade Appliances IPO	Spectrum Talent Management IPO
Cosmic CRF IPO	Comrade Appliances IPO
Sonalis Consumer Products IPO	Infollion Research Services IPO
Kore Digital IPO	Proventus Agrocom IPO
Sahana System IPO	Hemant Surgical Industries IPO
CFF Fluid Control IPO	Vasa Denticity IPO
Infollion Research Services IPO	Crayons Advertising IPO
Proventus Agrocom IPO	Remus Pharmaceuticals IPO
Hemant Surgical Industries IPO	Auro Impex & Chemicals IPO
Vasa Denticity IPO	Innokaiz India IPO
Spectrum Talent Management IPO	Krishca Strapping Solutions IPO

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