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Electro Force IPO vs S J Logistics IPO

Comparison between Electro Force IPO and S J Logistics IPO.

IPO Details

Electro Force IPO is a SME Bookbuilding IPO proposed to list at NSE SME while S J Logistics IPO is a SME Bookbuilding proposed to list at NSE SME.

 Electro Force IPOS J Logistics IPO
LogoElectro Force IPO LogoS J Logistics IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersFirst Overseas Capital Ltd.Hem Securities Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Maashitla Securities Pvt.Ltd.
Market MakerArham Shares Pvt.Ltd.Hem Finlease Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Electro Force IPO is up to ₹76.62 Cr whereas the issue size of the S J Logistics IPO is up to ₹45.59 Cr. The final issue price of Electro Force IPO is ₹93.00 per share and of S J Logistics IPO is ₹125.00 per share.

 Electro Force IPOS J Logistics IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹121.00 per share
Issue Price (Upper)₹125.00 per share
Issue Price (Final)₹93.00 per share₹125.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1200 shares1000 shares
Fresh Issue Size55,64,400 shares36,47,000 shares
Fresh Issue Size (Amount)up to ₹51.75 Crup to ₹45.59 Cr
OFS Issue Size26,74,800 shares0 shares
OFS Issue Size (Amount)up to ₹24.88 Crup to ₹0.00 Cr
Issue Size Total82,39,200 shares36,47,000 shares
Issue Size Total (Amount)up to ₹76.62 Crup to ₹45.59 Cr

IPO Timetable

Electro Force IPO opens on Dec 19, 2023, while S J Logistics IPO opens on Dec 12, 2023. The closing date of Electro Force IPO and S J Logistics IPO is Dec 21, 2023, and Dec 14, 2023, respectively.

 Electro Force IPOS J Logistics IPO
Anchor Bid DateDec 11, 2023
Issue OpenDec 19, 2023Dec 12, 2023
Issue CloseDec 21, 2023Dec 14, 2023
Basis Of Allotment (Tentative)Dec 22, 2023Dec 15, 2023
Initiation of Refunds (Tentative)Dec 26, 2023Dec 18, 2023
Credit of Share (Tentative)Dec 26, 2023Dec 18, 2023
Listing date (Tentative)Dec 27, 2023Dec 19, 2023
Anchor Lockin End date 1Jan 14, 2024
Anchor Lockin End date 2Mar 14, 2024

Financials & KPIs

Electro Force IPO P/E ratio is 20.22, as compared to S J Logistics IPO P/E ratio of 14.14.

 Electro Force IPOS J Logistics IPO
Financials

Company Financials (Restated)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets78.2772.3247.8317.20
Total Income23.1430.2934.4415.87
Profit After Tax7.118.008.64-2.24
NET Worth25.4618.3510.361.71
Reserves and Surplus8.060.955.36-3.29
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets105.4181.0450.6350.14
Total Income103.39135.01103.95124.03
Profit After Tax9.317.621.730.83
NET Worth56.4131.20
Reserves and Surplus45.7728.2513.4211.69
Total Borrowing29.5233.56
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100.0067.55
Promoter Shareholding (Post-Issue)62.9349.64
P/E Ratio20.2214.14
Market Cap₹217.62 Cr.₹181.04 Cr.
ROE43.5724.41
ROCE58.2318.58
Debt/Equity1.08
EPS₹4.60₹8.84
RoNW43.5724.41

Shares Offered

In the Electro Force IPO Retail Individual Investors (RII) are offered 41,19,600 shares while in S J Logistics IPO retail investors are offered 41,19,600 shares. Qualified Institutional Buyers (QIB) are offered in Electro Force IPO and 7,30,000 shares in S J Logistics IPO.

 Electro Force IPOS J Logistics IPO
Anchor Investor Reservation10,92,000 shares
Market Maker Reservation4,35,600 shares1,93,000 shares
QIB7,30,000 shares
NII41,19,600 shares5,48,000 shares
RII41,19,600 shares12,77,000 shares
Employee
Others
Total82,39,200 shares36,47,000 shares

Bids Received (Subscription)

Electro Force IPO subscribed 4.28x in total, whereas S J Logistics IPO subscribed 316.26x.

 Electro Force IPOS J Logistics IPO
QIB (times)116.16x
NII (times)2.12x489.45x
Big NII (times)
Small NII (times)
RII (times)6.44x356.33x
Employee (times)
Other (times)
Total (times)4.28x316.26x

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Compare:

Electro Force IPO Vs S J Logistics IPO