Chetana Education IPO vs Esprit Stones IPO

Comparison between Chetana Education IPO and Esprit Stones IPO.

IPO Details

Chetana Education IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Esprit Stones IPO is a SME Bookbuilding proposed to list at NSE SME.

	Chetana Education IPO	Esprit Stones IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	NSE SME	NSE SME
Lead Managers	Hem Securities Ltd.	Srujan Alpha Capital Advisors LLP
Registrar	MUFG Intime India Pvt.Ltd.	MUFG Intime India Pvt.Ltd.
Market Maker	Hem Finlease Pvt.Ltd.	Choice Equity Broking Pvt.Ltd.
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 Chetana Education IPO is up to ₹43.57 Cr whereas the issue size of the Esprit Stones IPO is up to ₹47.82 Cr. The final issue price of Chetana Education IPO is ₹85.00 per share and of Esprit Stones IPO is ₹87.00 per share.

	Chetana Education IPO	Esprit Stones IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹80.00 per share	₹82.00 per share
Issue Price (Upper)	₹85.00 per share	₹87.00 per share
Issue Price (Final)	₹85.00 per share	₹87.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)		₹5.00 per share
Market Lot Size	1600 shares	1600 shares
Fresh Issue Size	51,26,400 shares	55,04,000 shares
Fresh Issue Size (Amount)	up to ₹43.57 Cr	up to ₹47.82 Cr
OFS Issue Size	0 shares	0 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹0.00 Cr
Issue Size Total	51,26,400 shares	55,04,000 shares
Issue Size Total (Amount)	up to ₹43.57 Cr	up to ₹47.82 Cr

IPO Timetable

Chetana Education IPO opens on Jul 24, 2024, while Esprit Stones IPO opens on Jul 26, 2024. The closing date of Chetana Education IPO and Esprit Stones IPO is Jul 26, 2024, and Jul 30, 2024, respectively.

	Chetana Education IPO	Esprit Stones IPO
Anchor Bid Date	Jul 23, 2024	Jul 25, 2024
Issue Open	Jul 24, 2024	Jul 26, 2024
Issue Close	Jul 26, 2024	Jul 30, 2024
Basis Of Allotment (Tentative)	Jul 29, 2024	Jul 31, 2024
Initiation of Refunds (Tentative)	Jul 30, 2024	Aug 01, 2024
Credit of Share (Tentative)	Jul 30, 2024	Aug 01, 2024
Listing date (Tentative)	Jul 31, 2024	Aug 02, 2024
Anchor Lockin End date 1	Aug 28, 2024	Aug 30, 2024
Anchor Lockin End date 2	Oct 27, 2024	Oct 29, 2024

Financials & KPIs

Chetana Education IPO P/E ratio is 10.59, as compared to Esprit Stones IPO P/E ratio of 13.62.

Chetana Education IPO

Esprit Stones IPO

Financials

Chetana Education Limited Financial Information (Restated Standalone)

Chetana Education Limited's revenue increased by 23.89% and profit after tax (PAT) rose by 75.57% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	9,475.09	8,315.08	7,605.82	6,825.10
Total Income	9,367.06	7,560.77	4,312.21	3,270.96
Profit After Tax	1,203.47	685.47	168.06	280.30
Net Worth	2,524.55	2,281.92	1,947.33	2,091.10
Reserves and Surplus	1,024.55
Total Borrowing	5,128.73	4,299.50	3,876.03	3,487.85
Amount in ₹ Lakhs

Esprit Stones Limited Financial Information (Restated)

Esprit Stones Limited's revenue increased by 56.07% and profit after tax (PAT) rose by 190.04% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	27,459.35	23,802.24	18,069.74
Total Income	27,477.82	17,606.52	19,002.60
Profit After Tax	1,031.73	355.72	1,850.53
Net Worth	7,238.80	6,227.81	5,893.32
Reserves and Surplus	5,623.80	5,277.81	4,943.32
Total Borrowing	12,541.91	11,879.55	5,799.76
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00

Promoter Shareholding (Post-Issue)

73.53

P/E Ratio

10.59

13.62

Market Cap

₹173.40 Cr.

₹190.92 Cr.

ROE

50.08%

ROCE

26.87%

12.39%

Debt/Equity

1.72

EPS

₹8.02

₹6.39

RoNW

47.67%

15.09%

Shares Offered

In the Chetana Education IPO Retail Individual Investors (RII) are offered 17,95,200 shares while in Esprit Stones IPO retail investors are offered 17,95,200 shares. Qualified Institutional Buyers (QIB) are offered 10,25,600 shares in Chetana Education IPO and 10,75,200 shares in Esprit Stones IPO.

	Chetana Education IPO	Esprit Stones IPO
Anchor Investor Reserveration	15,36,000 shares	16,12,800 shares
Market Maker Reserveration	2,73,600 shares	2,91,200 shares
QIB	10,25,600 shares	10,75,200 shares
NII	7,69,600 shares	8,06,400 shares
RII	17,95,200 shares	18,81,600 shares
Employee		1,28,000 shares
Others
Total	51,26,400 shares	55,04,000 shares

Bids Received (Subscription)

Chetana Education IPO subscribed 196.87x in total, whereas Esprit Stones IPO subscribed 185.82x.

	Chetana Education IPO	Esprit Stones IPO
QIB (times)	101.22x	117.63x
NII (times)	468.42x	399.58x
Big NII (times)
Small NII (times)
RII (times)	135.11x	145.75x
Employee (times)
Other (times)
Total (times)	196.87x	185.82x

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