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Innovatus Entertainment Networks IPO vs Zeal Global Services IPO

Comparision between Innovatus Entertainment Networks IPO and Zeal Global Services IPO.

IPO Details

Innovatus Entertainment Networks IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Zeal Global Services IPO is a SME Fixed Price Issue proposed to list at NSE SME.

  Innovatus Entertainment Networks IPO Zeal Global Services IPO
Logo Innovatus Entertainment Networks IPO Logo Zeal Global Services IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Fixed Price Issue
Listing At BSE SME NSE SME
Lead Managers Inventure Merchant Banker Services Pvt Ltd Expert Global Consultants Private Limited
Registrar Purva Sharegistry India Pvt Ltd Skyline Financial Services Private Ltd
Market Maker Pure Broking Private Limited Rikhav Securities 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 Innovatus Entertainment Networks IPO is up to ₹7.74 Cr whereas the issue size of the Zeal Global Services IPO is up to ₹36.46 Cr. The final issue price of Innovatus Entertainment Networks IPO is ₹50.00 per share and of Zeal Global Services IPO is ₹103.00 per share.

  Innovatus Entertainment Networks IPO Zeal Global Services IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final) ₹50.00 per share ₹103.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 3000 shares 1200 shares
Fresh Issue Size 15,48,000 shares 35,40,000 shares
Fresh Issue Size (Amount) up to ₹7.74 Cr up to ₹36.46 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 15,48,000 shares 35,40,000 shares
Issue Size Total (Amount) up to ₹7.74 Cr up to ₹36.46 Cr

IPO Timetable

Innovatus Entertainment Networks IPO opens on Jul 25, 2023, while Zeal Global Services IPO opens on Jul 28, 2023. The closing date of Innovatus Entertainment Networks IPO and Zeal Global Services IPO is Jul 27, 2023, and Aug 01, 2023, respectively.

  Innovatus Entertainment Networks IPO Zeal Global Services IPO
Anchor Bid Date
Issue Open Jul 25, 2023 Jul 28, 2023
Issue Close Jul 27, 2023 Aug 01, 2023
Basis Of Allotment (Tentative) Aug 01, 2023 Aug 04, 2023
Initiation of Refunds (Tentative) Aug 02, 2023 Aug 07, 2023
Credit of Share (Tentative) Aug 03, 2023 Aug 08, 2023
Listing date (Tentative) Aug 04, 2023 Aug 09, 2023
Anchor Lockin End date 1 Aug 31, 2023 Sep 03, 2023
Anchor Lockin End date 2 Oct 30, 2023 Nov 02, 2023

Financials

Innovatus Entertainment Networks IPO P/E ratio is 41, as compared to Zeal Global Services IPO P/E ratio of 13.83.

  Innovatus Entertainment Networks IPO Zeal Global Services IPO
Financial
Innovatus Entertainment Networks Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20449.411,042.1229.44171.61170.610.00
31-Mar-21597.72784.0733.38205.00204.00152.34
31-Mar-22530.83787.9030.19235.1934.19152.34
31-Mar-23822.631,093.9348.26483.45242.45152.34
Amount in ₹ Lakhs
Zeal Global Services Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-202,203.037,671.09133.60435.76375.76258.00
31-Mar-211,893.076,094.93169.61603.09543.09171.41
31-Mar-223,194.8212,127.77524.301,277.221,081.82194.32
31-Jan-234,969.269,505.38826.652,115.611,920.211,243.92
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 99.97% 100.00%
Promoter Shareholding (Post-Issue) 60.87% 73.40%
P/E Ratio 41 13.83
Market Cap ₹19.79 Cr. ₹137.09 Cr.
ROE 9.98%% 39.07%%
ROCE 11.32%% 0.56%
Debt/Equity 0.32 0.59
EPS ₹2.00 ₹8.46
RoNW 9.98%% 48.73%%

Shares Offered

In the Innovatus Entertainment Networks IPO retail investors (RII) are offered 7,35,000 shares while in Zeal Global Services IPO retail investors are offered 7,35,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Innovatus Entertainment Networks IPO and 0 shares in Zeal Global Services IPO.

  Innovatus Entertainment Networks IPO Zeal Global Services IPO
Anchor Investor Reserveration
Market Maker Reserveration 78,000 shares 1,77,600 shares
QIB 0 shares 0 shares
NII 7,35,000 shares 16,80,000 shares
RII 7,35,000 shares 16,82,400 shares
Employee 0 shares 0 shares
Others
Total 14,70,000 shares 33,62,400 shares

Bids Received (Subscription)

Innovatus Entertainment Networks IPO subscribed 105.21x in total, whereas Zeal Global Services IPO subscribed 4.06x.

  Innovatus Entertainment Networks IPO Zeal Global Services IPO
QIB (times)
NII (times) 56.58x 4.26x
Big NII (times)
Small NII (times)
RII (times) 150.50x 3.85x
Employee (times)
Other (times)
Total (times) 105.21x 4.06x

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