Comparison between Comrade Appliances IPO and Spectrum Talent Management IPO.
Comrade Appliances IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Spectrum Talent Management IPO is a SME Bookbuilding proposed to list at NSE SME.
| Comrade Appliances IPO | Spectrum Talent Management 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. | Sarthi Capital Advisors Pvt.Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | Skyline Financial Services Pvt.Ltd. |
| Market Maker | Gretex Share Broking Pvt.Ltd. | Rikhav Securities Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| 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 Spectrum Talent Management IPO is up to ₹99.88 Cr. The final issue price of Comrade Appliances IPO is ₹54.00 per share and of Spectrum Talent Management IPO is ₹173.00 per share.
| Comrade Appliances IPO | Spectrum Talent Management IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹52.00 per share | ₹169.00 per share |
| Issue Price (Upper) | ₹54.00 per share | ₹173.00 per share |
| Issue Price (Final) | ₹54.00 per share | ₹173.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 2000 shares | 800 shares |
| Fresh Issue Size | 21,64,000 shares | 48,81,600 shares |
| Fresh Issue Size (Amount) | up to ₹11.69 Cr | up to ₹84.45 Cr |
| OFS Issue Size | 0 shares | 8,92,000 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹15.43 Cr |
| Issue Size Total | 21,64,000 shares | 57,73,600 shares |
| Issue Size Total (Amount) | up to ₹11.69 Cr | up to ₹99.88 Cr |
Comrade Appliances IPO opens on May 31, 2023, while Spectrum Talent Management IPO opens on Jun 09, 2023. The closing date of Comrade Appliances IPO and Spectrum Talent Management IPO is Jun 05, 2023, and Jun 14, 2023, respectively.
| Comrade Appliances IPO | Spectrum Talent Management IPO | |
|---|---|---|
| Anchor Bid Date | May 30, 2023 | |
| Issue Open | May 31, 2023 | Jun 09, 2023 |
| Issue Close | Jun 05, 2023 | Jun 14, 2023 |
| Basis Of Allotment (Tentative) | Jun 08, 2023 | Jun 19, 2023 |
| Initiation of Refunds (Tentative) | Jun 09, 2023 | Jun 20, 2023 |
| Credit of Share (Tentative) | Jun 12, 2023 | Jun 21, 2023 |
| Listing date (Tentative) | Jun 13, 2023 | Jun 22, 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 Spectrum Talent Management IPO P/E ratio of 15.
| Comrade Appliances IPO | Spectrum Talent Management IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated Consolidated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 100.00 | 100.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 69.74 | 72.25 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 17.14 | 15 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹40.66 Cr. | ₹89.71 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 0.27 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 0.16 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.96 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹3.15 | ₹10.25 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 23.73 | 42.99 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Comrade Appliances IPO Retail Individual Investors (RII) are offered 7,58,000 shares while in Spectrum Talent Management IPO retail investors are offered 7,58,000 shares. Qualified Institutional Buyers (QIB) are offered 4,32,000 shares in Comrade Appliances IPO and 5,76,000 shares in Spectrum Talent Management IPO.
| Comrade Appliances IPO | Spectrum Talent Management IPO | |
|---|---|---|
| Anchor Investor Reservation | 6,48,000 shares | |
| Market Maker Reservation | 1,14,000 shares | 3,04,000 shares |
| QIB | 4,32,000 shares | 5,76,000 shares |
| NII | 3,26,000 shares | 25,98,400 shares |
| RII | 7,58,000 shares | 25,99,200 shares |
| Employee | ||
| Others | ||
| Total | 21,64,000 shares | 57,73,600 shares |
Comrade Appliances IPO subscribed 77.25x in total, whereas Spectrum Talent Management IPO subscribed 12.27x.
| Comrade Appliances IPO | Spectrum Talent Management IPO | |
|---|---|---|
| QIB (times) | 21.86x | 11.21x |
| NII (times) | 162.67x | 11.68x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 72.08x | 13.10x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 77.25x | 12.27x |
