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E Factor Experiences IPO vs Rajgor Castor Derivatives IPO

Comparison between E Factor Experiences IPO and Rajgor Castor Derivatives IPO.

IPO Details

E Factor Experiences IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Rajgor Castor Derivatives IPO is a SME Bookbuilding proposed to list at NSE SME.

 E Factor Experiences IPORajgor Castor Derivatives IPO
LogoE Factor Experiences IPO LogoRajgor Castor Derivatives IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersHem Securities Ltd.Beeline Capital Advisors Pvt.Ltd.
RegistrarMaashitla Securities Pvt.Ltd.MUFG Intime India Pvt.Ltd.
Market MakerHem Finlease Pvt.Ltd.Spread X Securities Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of E Factor Experiences IPO is up to ₹24.61 Cr whereas the issue size of the Rajgor Castor Derivatives IPO is up to ₹45.30 Cr. The final issue price of E Factor Experiences IPO is ₹75.00 per share and of Rajgor Castor Derivatives IPO is ₹50.00 per share.

 E Factor Experiences IPORajgor Castor Derivatives IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹71.00 per share₹47.00 per share
Issue Price (Upper)₹75.00 per share₹50.00 per share
Issue Price (Final)₹75.00 per share₹50.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares3000 shares
Fresh Issue Size32,81,600 shares83,94,000 shares
Fresh Issue Size (Amount)up to ₹24.61 Crup to ₹41.97 Cr
OFS Issue Size0 shares6,66,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹3.33 Cr
Issue Size Total32,81,600 shares90,60,000 shares
Issue Size Total (Amount)up to ₹24.61 Crup to ₹45.30 Cr

IPO Timetable

E Factor Experiences IPO opens on Sep 27, 2023, while Rajgor Castor Derivatives IPO opens on Oct 17, 2023. The closing date of E Factor Experiences IPO and Rajgor Castor Derivatives IPO is Oct 03, 2023, and Oct 20, 2023, respectively.

 E Factor Experiences IPORajgor Castor Derivatives IPO
Anchor Bid DateSep 26, 2023Oct 16, 2023
Issue OpenSep 27, 2023Oct 17, 2023
Issue CloseOct 03, 2023Oct 20, 2023
Basis Of Allotment (Tentative)Oct 06, 2023Oct 26, 2023
Initiation of Refunds (Tentative)Oct 07, 2023Oct 27, 2023
Credit of Share (Tentative)Oct 08, 2023Oct 30, 2023
Listing date (Tentative)Oct 09, 2023Oct 31, 2023
Anchor Lockin End date 1Nov 05, 2023Nov 25, 2023
Anchor Lockin End date 2Jan 04, 2024Jan 24, 2024

Financials & KPIs

E Factor Experiences IPO P/E ratio is 9.59, as compared to Rajgor Castor Derivatives IPO P/E ratio of 1.66.

 E Factor Experiences IPORajgor Castor Derivatives IPO
Financials
E Factor Experiences IPO Financial Information (Restated Consolidated)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets2,581.944,916.875,674.80
Total Income990.565,700.2411,945.21
Profit After Tax123.39255.73761.35
Net Worth96.96351.851,101.67
Reserves and Surplus-247.045.36138.46
Total Borrowing683.23590.95912.74
Amount in ₹ Lakhs

Rajgor Castor Derivatives Limited Financial Information (Restated)

Rajgor Castor Derivatives Limited's revenue increased by 948.26% and profit after tax (PAT) rose by 962.41% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 202131 Mar 2020
Assets9,847.957,782.643,753.422,578.482,645.34
Total Income11,276.1042,887.354,091.301,100.691,497.33
Profit After Tax192.57554.4752.19-180.18-97.02
Net Worth2,558.242,365.55201.90149.71
Reserves and Surplus2,343.542,150.97190.12137.93318.12
Total Borrowing5,178.964,450.931,809.512,286.28
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)99.99100
Promoter Shareholding (Post-Issue)73.59
P/E Ratio9.591.66
Market Cap₹98.16 Cr.₹119.58 Cr.
ROE103.79%43.19%
ROCE54.85%22.97%
Debt/Equity0.831.88
EPS₹7.82₹30.06
RoNW68.35%23.44%

Shares Offered

In the E Factor Experiences IPO Retail Individual Investors (RII) are offered 11,48,800 shares while in Rajgor Castor Derivatives IPO retail investors are offered 11,48,800 shares. Qualified Institutional Buyers (QIB) are offered 6,56,000 shares in E Factor Experiences IPO and 18,12,000 shares in Rajgor Castor Derivatives IPO.

 E Factor Experiences IPORajgor Castor Derivatives IPO
Anchor Investor Reserveration9,84,000 shares27,12,000 shares
Market Maker Reserveration1,74,400 shares5,01,000 shares
QIB6,56,000 shares18,12,000 shares
NII4,92,800 shares13,62,000 shares
RII11,48,800 shares31,74,000 shares
Employee
Others
Total32,81,600 shares90,60,000 shares

Bids Received (Subscription)

E Factor Experiences IPO subscribed 73.14x in total, whereas Rajgor Castor Derivatives IPO subscribed 107.43x.

 E Factor Experiences IPORajgor Castor Derivatives IPO
QIB (times)46.09x35.52x
NII (times)168.26x260.01x
Big NII (times)
Small NII (times)
RII (times)47.78x80.70x
Employee (times)
Other (times)
Total (times)73.14x107.43x