Eastern Logica Infoway IPO vs Moxsh Overseas Educon IPO

Comparison between Eastern Logica Infoway IPO and Moxsh Overseas Educon IPO.

IPO Details

Eastern Logica Infoway IPO is a SME Fixed Price IPO proposed to list at BSE SME while Moxsh Overseas Educon IPO is a SME Fixed Price proposed to list at NSE SME.

Issue Size and Price

The total issue size of Eastern Logica Infoway IPO is up to ₹16.07 Cr whereas the issue size of the Moxsh Overseas Educon IPO is up to ₹9.89 Cr. The final issue price of Eastern Logica Infoway IPO is ₹225.00 per share and of Moxsh Overseas Educon IPO is ₹153.00 per share.

 Eastern Logica Infoway IPOMoxsh Overseas Educon IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹225.00 per share₹153.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size600 shares800 shares
Fresh Issue Size6,25,200 shares6,46,400 shares
Fresh Issue Size (Amount)up to ₹14.07 Crup to ₹9.89 Cr
OFS Issue Size88,800 shares0 shares
OFS Issue Size (Amount)up to ₹2.00 Crup to ₹0.00 Cr
Issue Size Total7,14,000 shares6,46,400 shares
Issue Size Total (Amount)up to ₹16.07 Crup to ₹9.89 Cr

IPO Timetable

Eastern Logica Infoway IPO opens on Jan 05, 2023, while Moxsh Overseas Educon IPO opens on Dec 21, 2022. The closing date of Eastern Logica Infoway IPO and Moxsh Overseas Educon IPO is Jan 09, 2023, and Dec 23, 2022, respectively.

 Eastern Logica Infoway IPOMoxsh Overseas Educon IPO
Issue OpenJan 05, 2023Dec 21, 2022
Issue CloseJan 09, 2023Dec 23, 2022
Basis Of Allotment (Tentative)Jan 12, 2023Dec 28, 2022
Initiation of Refunds (Tentative)Jan 13, 2023Dec 29, 2022
Credit of Share (Tentative)Jan 16, 2023Dec 30, 2022
Listing date (Tentative)Jan 17, 2023Dec 30, 2022

Financials & KPIs

Eastern Logica Infoway IPO P/E ratio is 24.09, as compared to Moxsh Overseas Educon IPO P/E ratio of 50.

 Eastern Logica Infoway IPOMoxsh Overseas Educon IPO
Financials

Company Financials (Restated Consolidated)

Period Ended30 Sep 202231 Mar 202231 Mar 202131 Mar 2020
Assets125.62126.64103.2484.91
Total Income305.04615.58447.03498.83
Profit After Tax1.332.852.341.82
NET Worth36.0334.7031.2628.33
Reserves and Surplus33.8532.5229.1126.23
Total Borrowing56.9559.6844.1429.32
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Jun 202231 Mar 2022
Assets5.874.87
Total Income0.1710.09
Profit After Tax0.171.11
NET Worth2.021.47
Reserves and Surplus1.631.11
Total Borrowing1.130.44
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100%88.49%
Promoter Shareholding (Post-Issue)73.59%61.61%
P/E Ratio24.0950
Market Cap₹64.14 Cr.₹34.28 Cr.
ROE8.22
ROCE20.34
Debt/Equity1.72
EPS₹13.24₹7.73
RoNW8.2275.54

Shares Offered

In the Eastern Logica Infoway IPO Retail Individual Investors (RII) are offered 3,57,000 shares while in Moxsh Overseas Educon IPO retail investors are offered 3,57,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Eastern Logica Infoway IPO and in Moxsh Overseas Educon IPO.

 Eastern Logica Infoway IPOMoxsh Overseas Educon IPO
Anchor Investor Reservation0 shares
Market Maker Reservation39,000 shares34,400 shares
QIB0 shares
NII3,57,000 shares3,23,200 shares
RII3,57,000 shares3,23,200 shares
Employee0 shares
Total7,14,000 shares6,46,400 shares

Bids Received (Subscription)

Eastern Logica Infoway IPO subscribed 1.74x in total, whereas Moxsh Overseas Educon IPO subscribed 100.44x.

 Eastern Logica Infoway IPOMoxsh Overseas Educon IPO
NII (times)1.92x93.10x
RII (times)1.56x107.78x
Total (times)1.74x100.44x

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