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.

	Comrade Appliances IPO	Infollion Research IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	BSE SME	NSE SME
Lead Managers	Gretex Corporate Services Ltd.	Holani Consultants Pvt.Ltd.
Registrar	Bigshare Services Pvt.Ltd.	MUFG Intime India Pvt.Ltd.
Market Maker	Gretex Share Broking Pvt.Ltd.	Holani Consultants 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 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 IPO	Infollion 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 Size	2000 shares	1600 shares
Fresh Issue Size	21,64,000 shares	20,91,200 shares
Fresh Issue Size (Amount)	up to ₹11.69 Cr	up to ₹17.15 Cr
OFS Issue Size	0 shares	3,92,000 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹3.21 Cr
Issue Size Total	21,64,000 shares	24,83,200 shares
Issue Size Total (Amount)	up to ₹11.69 Cr	up 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 IPO	Infollion Research IPO
Anchor Bid Date	May 30, 2023	May 26, 2023
Issue Open	May 31, 2023	May 29, 2023
Issue Close	Jun 05, 2023	May 31, 2023
Basis Of Allotment (Tentative)	Jun 08, 2023	Jun 05, 2023
Initiation of Refunds (Tentative)	Jun 09, 2023	Jun 06, 2023
Credit of Share (Tentative)	Jun 12, 2023	Jun 07, 2023
Listing date (Tentative)	Jun 13, 2023	Jun 08, 2023
Anchor Lockin End date 1	Jul 08, 2023	Jul 05, 2023
Anchor Lockin End date 2	Sep 06, 2023	Sep 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 IPO

Infollion Research IPO

Financials

Comrade Appliances Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	1,678.98	2,162.29	41.80	293.40	-38.97	400.93
31-Mar-21	3,140.65	2,603.85	20.21	241.77	-90.60	1,412.38
31-Mar-22	2,527.31	2,973.28	38.75	502.43	-14.87	1,113.79
31-Mar-23	2,753.18	2,699.43	163.57	689.41	164.33	1,766.48
Amount in ₹ Lakhs

Infollion Research Services Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-21	848.74	1,606.46	207.65	702.47	700.98	0.00
31-Mar-22	1,181.32	2,220.13	340.66	1,043.12	1,041.64	0.00
31-Mar-23	1,800.55	3,529.92	557.92	1,601.05	854.36	0.00
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00

67.09

Promoter Shareholding (Post-Issue)

69.74

P/E Ratio

17.14

14.24

Market Cap

₹40.66 Cr.

₹79.47 Cr.

ROE

0.27%

42.20%

ROCE

0.16%

Debt/Equity

1.96

EPS

₹3.15

RoNW

23.73%

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 IPO	Infollion Research IPO
Anchor Investor Reserveration	6,48,000 shares	7,24,800 shares
Market Maker Reserveration	1,14,000 shares	1,32,800 shares
QIB	4,32,000 shares	4,83,200 shares
NII	3,26,000 shares	4,04,800 shares
RII	7,58,000 shares	8,70,400 shares
Employee
Others
Total	21,64,000 shares	24,83,200 shares

Bids Received (Subscription)

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

	Comrade Appliances IPO	Infollion Research IPO
QIB (times)	21.86x	70.72x
NII (times)	162.67x	560.71x
Big NII (times)
Small NII (times)
RII (times)	72.08x	264.10x
Employee (times)
Other (times)
Total (times)	77.25x	279.24x

Compare with others

Comrade Appliances IPO	Infollion Research IPO
Cosmic CRF IPO	Sonalis Consumer Products IPO
Sonalis Consumer Products IPO	Kore Digital IPO
Kore Digital IPO	Sahana System IPO
Sahana System IPO	CFF Fluid Control IPO
CFF Fluid Control IPO	Comrade Appliances IPO
Infollion Research IPO	Proventus Agrocom IPO
Proventus Agrocom IPO	Hemant Surgical Industries IPO
Hemant Surgical Industries IPO	Vasa Denticity IPO
Vasa Denticity IPO	Spectrum Talent Management IPO
Spectrum Talent Management IPO	Crayons Advertising IPO