Comparison between Comrade Appliances IPO and Proventus Agrocom IPO.
Comrade Appliances IPO is a SME Fixed Price IPO proposed to list at BSE SME while Proventus Agrocom IPO is a SME Fixed Price proposed to list at NSE SME.
| Comrade Appliances IPO | Proventus Agrocom IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Fixed Price |
| Listing At | BSE SME | NSE SME |
| Lead Managers | Gretex Corporate Services Ltd. | Sundae Capital Advisors Pvt.Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Gretex Share Broking Pvt.Ltd. | Ajcon Global Services Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Comrade Appliances IPO is up to ₹11.69 Cr whereas the issue size of the Proventus Agrocom IPO is up to ₹66.06 Cr. The final issue price of Comrade Appliances IPO is ₹54.00 per share and of Proventus Agrocom IPO is ₹771.00 per share.
| Comrade Appliances IPO | Proventus Agrocom IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹52.00 per share | |
| Issue Price (Upper) | ₹54.00 per share | |
| Issue Price (Final) | ₹54.00 per share | ₹771.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 2000 shares | 160 shares |
| Fresh Issue Size | 21,64,000 shares | 6,26,653 shares |
| Fresh Issue Size (Amount) | up to ₹11.69 Cr | up to ₹48.31 Cr |
| OFS Issue Size | 0 shares | 2,30,147 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹17.74 Cr |
| Issue Size Total | 21,64,000 shares | 8,56,800 shares |
| Issue Size Total (Amount) | up to ₹11.69 Cr | up to ₹66.06 Cr |
Comrade Appliances IPO opens on May 31, 2023, while Proventus Agrocom IPO opens on May 24, 2023. The closing date of Comrade Appliances IPO and Proventus Agrocom IPO is Jun 05, 2023, and May 26, 2023, respectively.
| Comrade Appliances IPO | Proventus Agrocom IPO | |
|---|---|---|
| Anchor Bid Date | May 30, 2023 | |
| Issue Open | May 31, 2023 | May 24, 2023 |
| Issue Close | Jun 05, 2023 | May 26, 2023 |
| Basis Of Allotment (Tentative) | Jun 08, 2023 | May 31, 2023 |
| Initiation of Refunds (Tentative) | Jun 09, 2023 | Jun 01, 2023 |
| Credit of Share (Tentative) | Jun 12, 2023 | Jun 02, 2023 |
| Listing date (Tentative) | Jun 13, 2023 | Jun 05, 2023 |
| Anchor Lockin End date 1 | Jul 08, 2023 | |
| Anchor Lockin End date 2 | Sep 06, 2023 |
Comrade Appliances IPO P/E ratio is 17.14, as compared to Proventus Agrocom IPO P/E ratio of 186.23.
| Comrade Appliances IPO | Proventus Agrocom IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Financials |
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| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 100.00 | 92.29 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 69.74 | 70.84 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 17.14 | 186.23 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹40.66 Cr. | ₹264.27 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 0.27% | 0.04% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 0.16% | 0.05% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.96 | 0.56 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹3.15 | ₹4.14 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 23.73% | 3.08% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Comrade Appliances IPO Retail Individual Investors (RII) are offered 7,58,000 shares while in Proventus Agrocom IPO retail investors are offered 7,58,000 shares. Qualified Institutional Buyers (QIB) are offered 4,32,000 shares in Comrade Appliances IPO and in Proventus Agrocom IPO.
| Comrade Appliances IPO | Proventus Agrocom IPO | |
|---|---|---|
| Anchor Investor Reserveration | 6,48,000 shares | |
| Market Maker Reserveration | 1,14,000 shares | 45,120 shares |
| QIB | 4,32,000 shares | |
| NII | 3,26,000 shares | 4,28,450 shares |
| RII | 7,58,000 shares | 4,28,450 shares |
| Employee | ||
| Others | ||
| Total | 21,64,000 shares | 8,56,900 shares |
Comrade Appliances IPO subscribed 77.25x in total, whereas Proventus Agrocom IPO subscribed 2.70x.
| Comrade Appliances IPO | Proventus Agrocom IPO | |
|---|---|---|
| QIB (times) | 21.86x | |
| NII (times) | 162.67x | 4.65x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 72.08x | 0.74x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 77.25x | 2.70x |
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