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Chatha Foods IPO vs Enser Communications IPO

Comparison between Chatha Foods IPO and Enser Communications IPO.

IPO Details

Chatha Foods IPO is a SME Fixed Price IPO proposed to list at BSE SME while Enser Communications IPO is a SME Fixed Price proposed to list at NSE SME.

 Chatha Foods IPOEnser Communications IPO
LogoChatha Foods IPO LogoEnser Communications IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtBSE SMENSE SME
Lead ManagersIndorient Financial Services Ltd.Fast Track Finsec Pvt.Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Skyline Financial Services Pvt.Ltd.
Market MakerAlacrity Securities Ltd.B.N.Rathi Securities Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Chatha Foods IPO is up to ₹31.71 Cr whereas the issue size of the Enser Communications IPO is up to ₹15.34 Cr. The final issue price of Chatha Foods IPO is ₹56.00 per share and of Enser Communications IPO is ₹70.00 per share.

 Chatha Foods IPOEnser Communications IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹53.00 per share
Issue Price (Upper)₹56.00 per share
Issue Price (Final)₹56.00 per share₹70.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares2000 shares
Fresh Issue Size56,62,000 shares21,92,000 shares
Fresh Issue Size (Amount)up to ₹31.71 Crup to ₹15.34 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total56,62,000 shares21,92,000 shares
Issue Size Total (Amount)up to ₹31.71 Crup to ₹15.34 Cr

IPO Timetable

Chatha Foods IPO opens on Mar 19, 2024, while Enser Communications IPO opens on Mar 15, 2024. The closing date of Chatha Foods IPO and Enser Communications IPO is Mar 21, 2024, and Mar 19, 2024, respectively.

 Chatha Foods IPOEnser Communications IPO
Anchor Bid DateMar 18, 2024
Issue OpenMar 19, 2024Mar 15, 2024
Issue CloseMar 21, 2024Mar 19, 2024
Basis Of Allotment (Tentative)Mar 26, 2024Mar 20, 2024
Initiation of Refunds (Tentative)Mar 27, 2024Mar 21, 2024
Credit of Share (Tentative)Mar 27, 2024Mar 21, 2024
Listing date (Tentative)Mar 27, 2024Mar 22, 2024
Anchor Lockin End date 1Apr 25, 2024
Anchor Lockin End date 2Jun 24, 2024

Financials & KPIs

Chatha Foods IPO P/E ratio is 37.76, as compared to Enser Communications IPO P/E ratio of 28.02.

 Chatha Foods IPOEnser Communications IPO
Financials

Chatha Foods Limited Financial Information (Restated)

Chatha Foods Limited's revenue increased by 34.14% and profit after tax (PAT) rose by 264.66% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets5,827.625,141.944,830.314,330.28
Total Income7,078.0311,724.238,740.316,119.03
Profit After Tax341.04245.2067.24-400.35
Net Worth2,516.152,175.121,929.931,862.68
Reserves and Surplus862.66935.00689.81622.56
Total Borrowing987.961,060.191,101.331,065.03
Amount in ₹ Lakhs

Enser Communications Limited Financial Information (Restated)

Enser Communications Limited's revenue increased by 53.63% and profit after tax (PAT) rose by 105.42% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets1,799.261,383.92870.42662.41
Total Income1,815.892,590.971,686.47961.30
Profit After Tax213.98160.0677.92-11.74
Net Worth653.24394.78234.71156.78
Reserves and Surplus652.17393.78233.71155.78
Total Borrowing709.09631.88309.37276.92
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)81.3690.13
Promoter Shareholding (Post-Issue)66.25
P/E Ratio37.7628.02
Market Cap₹125.98 Cr.₹61.01 Cr.
ROE14.54%32.76%
ROCE14.81%34.61%
Debt/Equity0.39
EPS₹1.48₹2.50
RoNW14.54%32.76%

Shares Offered

In the Chatha Foods IPO Retail Individual Investors (RII) are offered 19,82,000 shares while in Enser Communications IPO retail investors are offered 19,82,000 shares. Qualified Institutional Buyers (QIB) are offered 11,32,000 shares in Chatha Foods IPO and in Enser Communications IPO.

 Chatha Foods IPOEnser Communications IPO
Anchor Investor Reserveration16,98,000 shares
Market Maker Reserveration3,00,000 shares1,18,000 shares
QIB11,32,000 shares
NII8,50,000 shares10,96,000 shares
RII19,82,000 shares10,96,000 shares
Employee
Others
Total56,62,000 shares21,92,000 shares

Bids Received (Subscription)

Chatha Foods IPO subscribed 19.28x in total, whereas Enser Communications IPO subscribed 7.29x.

 Chatha Foods IPOEnser Communications IPO
QIB (times)8.54x
NII (times)44.52x3.64x
Big NII (times)
Small NII (times)
RII (times)14.60x10.92x
Employee (times)
Other (times)
Total (times)19.28x7.29x