Comrade Appliances IPO vs Infollion Research IPO

Comparison between Comrade Appliances IPO and Infollion Research IPO.

IPO Details

Comrade Appliances IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Infollion Research IPO is a SME Bookbuilding proposed to list at NSE SME.

Issue Size and Price

The total issue size of Comrade Appliances IPO is up to ₹11.69 Cr whereas the issue size of the Infollion Research IPO is up to ₹20.36 Cr. The final issue price of Comrade Appliances IPO is ₹54.00 per share and of Infollion Research IPO is ₹82.00 per share.

 Comrade Appliances IPOInfollion Research IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹52.00 per share₹80.00 per share
Issue Price (Upper)₹54.00 per share₹82.00 per share
Issue Price (Final)₹54.00 per share₹82.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares1600 shares
Fresh Issue Size21,64,000 shares20,91,200 shares
Fresh Issue Size (Amount)up to ₹11.69 Crup to ₹17.15 Cr
OFS Issue Size0 shares3,92,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹3.21 Cr
Issue Size Total21,64,000 shares24,83,200 shares
Issue Size Total (Amount)up to ₹11.69 Crup to ₹20.36 Cr

IPO Timetable

Comrade Appliances IPO opens on May 31, 2023, while Infollion Research IPO opens on May 29, 2023. The closing date of Comrade Appliances IPO and Infollion Research IPO is Jun 05, 2023, and May 31, 2023, respectively.

 Comrade Appliances IPOInfollion Research IPO
Anchor Bid DateMay 30, 2023May 26, 2023
Issue OpenMay 31, 2023May 29, 2023
Issue CloseJun 05, 2023May 31, 2023
Basis Of Allotment (Tentative)Jun 08, 2023Jun 05, 2023
Initiation of Refunds (Tentative)Jun 09, 2023Jun 06, 2023
Credit of Share (Tentative)Jun 12, 2023Jun 07, 2023
Listing date (Tentative)Jun 13, 2023Jun 08, 2023
Anchor Lockin End date 1Jul 08, 2023Jul 05, 2023
Anchor Lockin End date 2Sep 06, 2023Sep 03, 2023

Financials & KPIs

Comrade Appliances IPO P/E ratio is 17.14, as compared to Infollion Research IPO P/E ratio of 14.24.

 Comrade Appliances IPOInfollion Research IPO
Financials

Company Financials (Restated)

Period Ended31 Mar 202331 Mar 202231 Mar 202131 Mar 2020
Assets27.5325.2731.4116.79
Total Income26.9929.7326.0421.62
Profit After Tax1.640.390.200.42
NET Worth6.895.022.422.93
Reserves and Surplus1.64-0.15-0.91-0.39
Total Borrowing17.6611.1414.124.01
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets18.0111.818.49
Total Income35.3022.2016.06
Profit After Tax5.583.412.08
NET Worth16.0110.437.02
Reserves and Surplus8.5410.427.01
Total Borrowing0.000.000.00
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100.0067.09
Promoter Shareholding (Post-Issue)69.74
P/E Ratio17.1414.24
Market Cap₹40.66 Cr.₹79.47 Cr.
ROE0.2742.20
ROCE0.16
Debt/Equity1.96
EPS₹3.15
RoNW23.73

Shares Offered

In the Comrade Appliances IPO Retail Individual Investors (RII) are offered 7,58,000 shares while in Infollion Research IPO retail investors are offered 7,58,000 shares. Qualified Institutional Buyers (QIB) are offered 4,32,000 shares in Comrade Appliances IPO and 4,83,200 shares in Infollion Research IPO.

 Comrade Appliances IPOInfollion Research IPO
Anchor Investor Reservation6,48,000 shares7,24,800 shares
Market Maker Reservation1,14,000 shares1,32,800 shares
QIB4,32,000 shares4,83,200 shares
NII3,26,000 shares4,04,800 shares
RII7,58,000 shares8,70,400 shares
Employee
Others
Total21,64,000 shares24,83,200 shares

Bids Received (Subscription)

Comrade Appliances IPO subscribed 77.25x in total, whereas Infollion Research IPO subscribed 279.24x.

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Comrade Appliances IPO Vs Infollion Research IPO