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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 Comrade Appliances IPO Logo 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 EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-201,678.982,162.2941.80293.40-38.97400.93
31-Mar-213,140.652,603.8520.21241.77-90.601,412.38
31-Mar-222,527.312,973.2838.75502.43-14.871,113.79
31-Mar-232,753.182,699.43163.57689.41164.331,766.48
Amount in ₹ Lakhs
Spectrum Talent Management Limited Financial Information (Restated Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-204,081.1032,362.37675.961,500.361,025.36422.19
31-Mar-214,630.2030,296.00476.411,976.301,026.3060.72
31-Mar-226,479.2948,372.171,552.712,827.371,972.371,026.88
31-Dec-228,657.6658,415.741,997.464,844.573,053.82255.09
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 100.00% 100.00%
Promoter Shareholding (Post-Issue) 69.74% 72.25%
P/E Ratio 17.14 15
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

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